- Apr 4, 2007
- Professional Status
- Certified Residential Appraiser
I would also disclose to both. USPAP is the minimumInteresting that we just had this conversation in a thread not too long ago (prior disclosure, simultaneous or near-simultaneous assignments on the same property).
My advice then doesn't change with the new FAQ. I'd disclose a prior service in each assignment and cite that while one may have been chronologically received/accepted prior to the other, they were both so close in time, that the best option is to disclose in both assignments that a prior service condition exists as it might be argued that either one was the "first" by either client. By doing alerting both clients prior to completion and disclosing a prior service in each of the reports, the full intent of the USPAP is achieved; transparency in the reports and providing the option to the clients to consider if they wants to proceed with the assignment or not, given the circumstances.