Mandatory States

[Highlight17]

The ASC maintains a roster of all States classified as either mandatory, mandatory for FRT, and Voluntarily, with regards to who can perform aprpaisals. Some states go further than just appraisal and require that reviewers also hold a license / certification (even if no opinion of value is expressed). Does anyone have a list, or can direct me to where such a list can be found, which identifies all states which require that Standard 3 appraisal review work be done only by licensed / certified appraisers (I know AZ is one). I''m only thinking within the context of a Std 3 review w/o the reviewer expressing an opinion of value. Obviously I can research each state's statute, but hoping someone already invented that wheel

 

[Terrel L. Shields]

You have to differentiate between a "technical review" and an "administrative review". The Technical review is performed by an appraiser. The administrative review is done by AMCs or their client's in house review departments. They function differently.

Std 3 reviews are done by appraisers therefore, if they are regulated as mandatory in the state, then the reviewer is supposed to be licensed or certified. There is no separate licensing.

https://www.ASC.gov/State-Appraiser-Regulatory-Programs/StateOperationsAndRequirements.aspx

 

[Highlight17]

You have to differentiate between a "technical review" and an "administrative review". The Technical review is performed by an appraiser. The administrative review is done by AMCs or their client's in house review departments. They function differently.

Std 3 reviews are done by appraisers therefore, if they are regulated as mandatory in the state, then the reviewer is supposed to be licensed or certified. There is no separate licensing.

[url]https://www.ASC.gov/State-Appraiser-Regulatory-Programs/StateOperationsAndRequirements.aspx[/URL]

Thx Terrel. But where I was going with my inquiry relates to "Appraisal Review" as defined by the Standards, which would always be a standard 3 review. The terms "Technical" and "Adminstrative", while commonly understood by those who have been around for awhile are no longer recognized in USPAP which only speaks to "Appraisal Review", the rest is a Scope of Work decision (which may or may not include the reviewer's opinion of value, or may be just an assessment of the quality of work, or some other scope which includes at least an opinion of the quality of another appraiser's work, etc.). As a reviewer, if you are called upon to either concur with the appraisers opinion of value, or disagree and develop and report your own opinion of value, then of course this is an appraisal within a review assignment and therefore all licensing requirements are in play. My question relates to a Standard 3 review absent of the reviewer expressing an opinion of value (which would still be within the definition an "Appraisal Review"). In AZ, it simply states that "Appraisal" and "Appraisal Reviews" need to be done by licensed / certified appraisers, with no distinction made based on the Scope of Work associated with the review. I know I can pull up each statute and find this out, but again, I can't help but to think such a list is already out there somewhere.

 

[VolcanoLvr]

H17...

This might be difficult, and I'll bet a Super Bowl winning Seahawk jersey that a 'list' like you want won't be found.

Most states codify use-of/adherence-to USPAP when an appraiser is working as such. But I doubt most states drill down very deeply to actually mention 'reviews' in their laws.

And while I don't know for sure, the voluntary states (only 6-8) may not require a licensed person do reviews. If they don't require a license to do the original report, why require a licensed person to review it?

 

[Meandering]

PA, perform as an appraiser concerning PA property you need a certification from the board, but can get a temporary license from the board.

Now, if they enforce that on AMCs or not, I don't know, but that's what's written in the law, so you can call and ask them.


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[Bob Ipock]

It will be in the state law. NC state law specificly says Standards 1, 2 & 3.


http://www.ncappraisalboard.org/rules/NCAppraisersAct.pdf

 

[Restrain]

Thing is, a state agency only has jurisdiction with a state. Therefore, an appraiser in Texas can conduct a desk Standard 3 review in Florida even though not licensed in Florida and not be in violation of Texas las, or USPAP so long as he reviewer dots the I's and crosses the T's.

 

[Terrel L. Shields]

It does not matter what USPAP thinks when it regards bank laws. An administrative review can be done by anyone employed by the bank who meets the qualifications for same under Interagency guidelines. They don't care about USPAP and states cannot regulate employees of banks like they can an independent appraiser. It is and always has been recognized as two separate functions.

A technical review is a Std 3 review and is regulated.

 

[Meandering]

The appraiser must determine, prior to accepting an assignment, that he or she can perform the assignment competently. Competency requires:
Being Competent
1. the ability to properly identify the problem to be addressed; and
2. the knowledge and experience to complete the assignment competently; and
3. recognition of, and compliance with, laws and regulations that apply to the appraiser or to the assignment.
Comment: Competency may apply to factors such as, but not limited to, an appraiser’s
familiarity with a specific type of property or asset, a market, a geographic area, an intended use, specific laws and regulations, or an analytical method. If such a factor is necessary for an appraiser to develop credible assignment results, the appraiser is responsible for having the competency to address that factor or for following the steps outlined below to satisfy this.


To opine the value of a property in PA, the PA law says you need to be certified by the state board. How do you figure the state board can not fine anyone out of state? Or notify out of state boards that the state law in PA is being violated?

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[sputnam]

Thx Terrel. But where I was going with my inquiry relates to "Appraisal Review" as defined by the Standards, which would always be a standard 3 review. The terms "Technical" and "Adminstrative", while commonly understood by those who have been around for awhile are no longer recognized in USPAP which only speaks to "Appraisal Review", the rest is a Scope of Work decision (which may or may not include the reviewer's opinion of value, or may be just an assessment of the quality of work, or some other scope which includes at least an opinion of the quality of another appraiser's work, etc.). As a reviewer, if you are called upon to either concur with the appraisers opinion of value, or disagree and develop and report your own opinion of value, then of course this is an appraisal within a review assignment and therefore all licensing requirements are in play. My question relates to a Standard 3 review absent of the reviewer expressing an opinion of value (which would still be within the definition an "Appraisal Review"). In AZ, it simply states that "Appraisal" and "Appraisal Reviews" need to be done by licensed / certified appraisers, with no distinction made based on the Scope of Work associated with the review. I know I can pull up each statute and find this out, but again, I can't help but to think such a list is already out there somewhere.

It's true that the terms aren't recognized by USPAP.... That's because what we would have called an administrative review, isn't a review at all per USPAP. Unfortunately for the champions of clarity, the term 'review' is used to refer to a wide range of services.

I haven't seen a list. There probably is one however, a number of the AMCs that I am familiar with default to requiring that any Std 3 review be done by an appraiser licensed/certified in the state. It's just easier than trying to keep it straight.