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Please note these are not USPAP compliant reviews as per standard 3 of USPAP.

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With all the stepped up enforcement by the USPAP police lately, I bet they have already kicked in the door and put these nefarious bastids out of bizness already.
I heard 3 appraisers got shot in the next town over when the USPAP SWAT Team raided the fee shop, with a warrant for "Reconciliation related issues."
 
From the ProTeck Website:

VALUATION RECONCILIATION

Desk review and reconciliation of multiple prior valuations completed on the same property. The report includes research and verification of the data used within each report, and assessment of each report’s data selection and value conclusion; leading to a confirmation of the most probable fair market value.


Sounds like an appraisal review to me.
 
From the ProTeck Website:

VALUATION RECONCILIATION

Desk review and reconciliation of multiple prior valuations completed on the same property. The report includes research and verification of the data used within each report, and assessment of each report’s data selection and value conclusion; leading to a confirmation of the most probable fair market value.


Sounds like an appraisal review to me.

I read this on the website as well.
I didn't see a copy of the report or SOW; can anyone point one out, or is the SOW presumed to be what's on the marketing page?
 
I read this on the website as well.
I didn't see a copy of the report or SOW; can anyone point one out, or is the SOW presumed to be what's on the marketing page?
Why would anyone presume differently?
 
Why would anyone presume differently?

A fair question and I'll give you my answer:

Sometimes I get hired by a client who is looking for an appraiser to provide an appraisal. Actually, what the client is hiring me to complete is an appraisal consulting service. The distinction is lost on the client but not on me.

Likewise I've been asked to be a consultant. In fact, what the client wants and expects is an appraisal review. The client doesn't see a difference between the two and, after I attempt to explain it, they quickly forget the explanation because it is not important to them.

Alternatively, I've been asked to review when the client really wants a consultant (this occurs primarily with attorneys).

My point is this: Non-appraisers think of our services in categories that make sense to them but the terms they use to describe those categories are not the same terms we appraisers use because our terms have specific definitions.

ProTeck (who I don't work for) is a national valuation firm. I've met representatives who work for the company at various functions. Most of the representatives I've met are sales people who understand the product sufficiently so they can interest a potential client in purchasing the product.
I've also met individuals from that organization who understand appraising, USPAP, lender guidelines, etc. If you talk to them, their terms/speak is slightly different than the sales people; as a rule, they will use the technically correct terms in the context of USPAP and what appraisal regulations generally expect/require.

The service offering on the website is an advertisement. It is two sentences long. It is (IMO) a marketing teaser to interest potential clients as well as appraisers to find out more.

Your question is why shouldn't we presume the two-sentence marketing blurb is the SOW for the product/assignment?
My response is as an appraiser, I would absolutely not presume that a two-sentence marketing blurb is sufficient to describe the SOW for an assignment.

And, while it certainly could be the SOW, it is (in my mind) more reasonable to presume that a national and established valuation organization who regularly provides USPAP-compliant products would be able to distinguish what is USPAP-compliant and what isn't. As such, I would further presume that the requirements of the assignment/product we are talking about is something other than a SR3-compliant review (as is indicated by Proteck) and is therefore something that, at this time, is unclear if it is an appraisal or not?
And, as I said, if it calls for a valuation, then it (at a minimum) needs to specifically comply with SR1 & 2 if completed by an appraiser who is required to follow USPAP.

So, unless one presumes that two sentences on a website marketing page is the entire assignment-engagement requirement (as you ask why shouldn't that be the case), one would (or should, I'd argue) reasonably presume (as I explicitly do) that there is more to the assignment/SOW than the marketing page communicates.

But that's me. :shrug:
 
I read this on the website as well.
I didn't see a copy of the report or SOW; can anyone point one out, or is the SOW presumed to be what's on the marketing page?

I make no such presumption - I didn't see a copy of the report or SOW either - this is simply the only information available. The marketing quoted above appears to be aimed at potential clients. I would be very interested in seeing a copy of the report if anyone out there has access to one.
 
Denis, post #35 is reasonable but the OP is not a 2 line marketing blurb. And there is a BIG difference between the typical client who is a user of our services and ProTeck which is a provider of valuation services. From top to bottom ProTeck should know the ins and outs of our profession.

As far as a copy of the report, there is no copy. The appraiser doesn't receive a copy of the report and there is no signed certification. The appraiser fills out a web based check list with drop down boxes for narrative. The appraiser performs all of the tasks mentioned in the OP online and from what I've seen there is nothing to print out on the apprasier's end.

I hear there is a training manual out there if you ask the right person for a copy, and don't PM me I'm not the one who will send it. In the alternative you can do the same thing I did. In my research of a business opportunity I signed up and trained for one of the companies. Pure and simple, it's a monkey rodeo.
 
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