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New one for me...HELP!

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Patti Jury

Thread Starter
Senior Member
Joined
Mar 23, 2002
Professional Status
Licensed Appraiser
State
Colorado
Situation...

I have been asked to perform a Field Review. The appraiser is a Registered Appraiser (intern) and the work was completed without a Supervisory Appraiser. Part of the Field Review involves an interior inspection. I guess to sign off on this persons work. I have no clue who this appraiser is or the process he followed in order to complete the appraisal. I'm not real comfortable with this process. Anyone ever run into this before. Is it even an appraisal?... I think not!

Thanks,
Patti :(
 

airphoto

Senior Member
Joined
Jan 15, 2002
Professional Status
Retired Appraiser
State
Pennsylvania
Patty ..

It IS an appraisal .. a 'full' appraisal .. get at least a full appraisal fee, preferably 150% of a full appraisal fee, or decline. If you fail to disagree with the reviewee's value, you have affirmed it - which is a rendered opinion of value and you're 'on the hook.' If you disagree, you've done the same thing. Get paid (well!) for your opinion of value .. if you're not going to be well-paid, decline!
 

Patti Jury

Thread Starter
Senior Member
Joined
Mar 23, 2002
Professional Status
Licensed Appraiser
State
Colorado
Nevermind gang.. but thanks anyway.

The moral of the story from several sources is that ... The original appraisal is NOT valid and therefore I would be reviewing ...nothing.
They need a new appraisal, completed by a Licensed Appraiser. I suspected this would be the correct answer all along.

:D
 

Jeff Horton

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
Any trainee doing an appraisal without a Supervisor should be turned into the State Board.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Hey Patty!!!!!

Don't get in the middle of that one....it's a lose lose situation. A registered appraiser can do certain appraisals in Colorado without a supervisory appraiser.

Call me for more details. Bye the Bye....been fishin? Went to the club once this year, so far. Is there any water up there? How is your dad?

Mike G 528 6400
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Where's enough water to go fishing in? I was in CO Aug 1 and they were draining Antero for the first time in its history, really good fishing lake and boy were the meadows dry, not to mention the high country.

Do have quick question for you CO appraisers. How does the assessor determine "agricultural" from "Recreational" land and why does so much of the Rec land seem to be appraised very high? I ran into a totally unbuildable 40 acre mining lease that was assessed for $2K per acre. Owner said best offer he has had was 1K. This was Park Co.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Haven't a clue! Antero has been drained a couple of times but not because of a water shortage. Go to the website for Colorado Springs Utilities and check out the pictures of the lakes on Pikes Peak. These have not been dry since they were built. It is really serious folks....no water!
 
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