July 2008 ASC Q&a- Wink Wink Comp Comp

[George Hatch]

That's what both sides of this Q&A get for using squishy language.

Try rephrasing both the question and the answer using appraiserspeak:


Question:
[FONT=Times New Roman,Times New Roman]Does USPAP allow appraisers to perform "comp check" assignments for free? [/FONT]

Does USPAP allow appraisers to perform "appraisal" assignments for free?




Response:
[FONT=Times New Roman,Times New Roman]Yes. However, the appraiser would have to ensure that receiving a "full" appraisal assignment is not contingent upon the result of the "comp check" assignment. [/FONT]

Yes. However, the appraiser would have to ensure that receiving any subsequent appraisal assignment is not contingent upon the result of the initial appraisal assignment.


On second thought, scratch that. Once you start using appraiserspeak the answer is obvious enough to not require further clarification.


If the reason you're performing the freebie is to comply with a strings-attached contingency then that contingency infringes on the second assignment. If the reason you're performing the freebie is out of professional courtesy to someone and you have no expectation of a second assignment then there is no contingency involved, and thus no problem with the Ethics Rule.

An appraisal is an appraisal, and a "desired result contingency' is an improper assignment condition. Pretty straightforward. It only becomes complicated when you participate in the word games that others use to rationalize bad behavior.

 

[Lee Lansford]

... What I don't understand is how in the world those writing the answer doesn't seem to understand that 99.9% of the time, the "full order" is contingent upon the value / range of the "comp check"...

I suspect that the ASB understands.

Did not their response say that the practice is unacceptable for the appraiser who is subject to the USPAP?

 

[Workbox]

This is just proof that they are all in this together.

 

[alex gilbert]

The answer seems pretty straightforward to me. If you provide unfiltered, raw data you have not done an appraisal. If you filter, process or analyze the data, say by selecting comps or indicating a range of value, you've done an appraisal and are subject to SR 1 and SR 2. If you accept an assignment contingent on a predetermined outcome, like a minimum value, you're in violation of USPAP. How much more clear can this be?

 

[timd354]

Since I don't believe that people at TAF can actually be as stupid as their July, 2008 Q&A's seem to indicate, I can only conclude that this is evidence of something much more pernicious than simple stupidity or incompetence.....what a complete and utter sham!!!

 

[Rice Brewer]

And you would have the ASB (not "ASC") do what?

B... C (thanks for the correction)

What they don't understand behind all of their talk is that 99.9% of the time, the "full appraisal" is contingent upon the results of the "comp check".

 

[Lee Lansford]

Since I don't believe that people at TAF can actually be as stupid as their July, 2008 Q&A's seem to indicate, I can only conclude that this is evidence of something much more pernicious than simple stupidity or incompetence.....what a complete and utter sham!!!

Would you expand upon this? Seriously.

 

[Workbox]

B... C (thanks for the correction)

What they don't understand behind all of their talk is that 99.9% of the time, the "full appraisal" is contingent upon the results of the "comp check".

They know very darn well what they are doing. To many strings attached to these jokers.

 

[Lee Lansford]

B... C (thanks for the correction)

What they don't understand behind all of their talk is that 99.9% of the time, the "full appraisal" is contingent upon the results of the "comp check".

Rice, the ASB understands.

The ASB states (on page 3 of the July USPAP Q&A) that "the appraiser would have to ensure that receiving a 'full' appraisal assignment is not contingent upon the result of the 'comp check' assignment."

Other than the ASB having a "USPAP cop" accompanying a licensed appraiser as the appraiser goes about his or her business, what is the ASB to do? The ASB has stated that such conduct is contrary to the USPAP.

Lee

 

[The Dog]

IMO, it's time to STOP asking TAF and start asking these questions of each and every State Appraisal Regulatory Board instead. It's become obvious the TAF does not intend to answer these kinds of questions with anything that makes sense, is easily understood, or better yet, could not be misunderstood.

m2:

Just received an email (IMPORTANT MESSAGE FROM ACLB ADMINISTRATOR) referring to the ASB QUESTION/ANSWER just issued as how to proceed with problems appraiser may have with Comp Check and What happens to electronic reports.

Pam, I don't see a board (if OR which is generally proactive in this field) make a different decision, rather than deferring to the ASB.

Sorry, Comp checks are here to stay, Electronic signatures (as the OR Board all ready stated earlier last year) can and will be removed and appraisal altered. The only good thing is that now if we are limited only to the point of shipping the report.