- Joined
- Sep 20, 2005
- Professional Status
- Licensed Appraiser
- State
- Virginia
What's your point, Junior? That any person has to turn in an appraiser if there is a material review issue with their report? The OP has a client. Presumably, that client is a party and is mandated. Can they expect a blizzard of complaints from every person in the mandated class? Or every person they engaged subsequent to the transaction?
Who decides what is material? Perhaps that would take a reviewer. A reviewer doing a review and turning the work in. Not the appraiser.
I suppose I am "Junior"..... cannot see any other poster that comes close to that in this thread.
One should read the IAEG and ALL the footnotes that goes with it to have a better understanding.
Footnote 37 of the IAEG provides guidance for when a compliant should/must be filed in the regulated lending world.