Review Question

[Alexandra Kanakis]

I'm a Certified Residential Appraiser. I just had a desk review done by a State Licensed Appraiser. I can't find anywhere if this is a no-no. I thought I heard in a class that my work can only be reviewed by the same level of license or high (General). I need to answer this review quickly and need an answer to this question if possible. I really appreciate the help.

 

[PropertyEconomics]

I'm a Certified Residential Appraiser. I just had a desk review done by a State Licensed Appraiser. I can't find anywhere if this is a no-no. I thought I heard in a class that my work can only be reviewed by the same level of license or high (General). I need to answer this review quickly and need an answer to this question if possible. I really appreciate the help.

Call the board in your state and ask the question. Only they can really answer your question.

 

[Michigander]

Alexandra, it is typically acceptable. Also remember in Michigan we were late to the game with certification and it was particularly onerous for old time appraisers to get certified due to a very long and exhaustive log to submit. Many old time appraisers didn't start to get certified until recently when it became apparent that to not do so would be financially suicidal. So, that licensed appraiser could well be more experienced than many of the certified appraisers out there so don't use that as your sole source of criticism.

That said, does the review ask questions that are relevant? If so, answer them.

 

[Mztk1]

The reviewer is not reviewing you but the report. If his license level is acceptable for the assignment (less than $1,000,000 federal transaction amount in my state), than without a doubt he can do the review.

 

[Mary Tiernan]

As long as the transaction value is below $1M, a state licensed appraiser can perform an appraisal. No differentiating standards are detailed between an appraisal and an appraisal in this context.

The review msut be developed in the context of the requirements applicable to original appraisal. If the original order did require a certified appraiser, then you may have a valid issue.

 

[Ray Miller]

After the different number of reviewers wtih CG and MAI and SRA and a bunch of other things in front of and inback of there names. I don't think it makes a bit of difference. If they don't know anything, they don't know any thing. Let them review thier hearts out if they want too.

Just answer the review of your report not the reviewer.

Had a PhD working for me a couple of years. All he could do was paint buildings. We would give him a can of paint and a brush and he painted each and every day. On his days off he want down to the creek and watch the trout swim up and down. His PhD didn't help him one bit. The mind was gone, too much dope. So I guess what I am saying if they don't have the correct knowledge the letter in front of or behind thier name don't me squat.

 

[Kien Nguyen]

Good comment

The reviewer is not reviewing you but the report. If his license level is acceptable for the assignment (less than $1,000,000 federal transaction amount in my state), than without a doubt he can do the review.

IMHO This is the perfect answer. Very good, Jim.

 

[CCAAMO]

I'm a Certified Residential Appraiser. I just had a desk review done by a State Licensed Appraiser. I can't find anywhere if this is a no-no. I thought I heard in a class that my work can only be reviewed by the same level of license or high (General). I need to answer this review quickly and need an answer to this question if possible. I really appreciate the help.

what does it matter? Address the facts in the review regardless of who did it.