Revision Request

[George Hatch]

So who decides when the appraiser has fulfilled the terms of the assignment and has met the expectations of the users? The appraiser or the Client? When is the assignment completed?

And BTW, SOW decisions can and do change at various points during the assignment. You don't always end up with what you anticipated doing at the outset.

 

[Meandering]

So who decides when the appraiser has fulfilled the terms of the assignment and has met the expectations of the users? The appraiser or the Client? When is the assignment completed?

And BTW, SOW decisions can and do change at various points during the assignment. You don't always end up with what you anticipated doing at the outset.

Already addressed in USPAP

 

[ucbruin]

Close, but no cigar. If I made an error and should have used it on the original report, I would certainly correct it. Obviously I could not charge for it, since they already paid for the best sales to be used. There would be no question as to whether or not the best sales for used. They would get a full breakdown on those sales, including inpection, photos the property, verification, and a complete summary on a sca type grid to show why it was not included. It's not about making a buck, it's about paying for my time for them for them to be sure.

I'm pretty sure I understand your position.....
I was just disagreeing with Eli placing you on a pedestal ...

 

[George Hatch]

Already addressed in USPAP

Not only that but there's an FAQ on this topic:

161. CHANGING THE SCOPE OF WORK AFTER THE REPORT HAS BEEN SUBMITTED

Question: Sometimes after submitting my appraisal report, my client will ask me to perform additional work. This can mean looking at more or different comparables or developing another approach. Do these requests for additional work create a new assignment?

Answer: No. Requests to perform additional research or analyses change the scope of work but do not create a new assignment. The additional work can be performed as part of the original assignment. The appraiser may decide as a business decision to treat the request for additional research and analysis as a new assignment, but it is not required.

 

[Meandering]

Not only that but there's an FAQ on this topic:

Already addresses in USPAP

Mr USPAP instructor.

.

 

[Meandering]

Look at the beginning of the USPAP book and quote us where FAQs are a part of USPAP or interperate any standard or comment.

Thanks

 

[Meandering]

And I still did not get an answer why Danny was citing a law that, as written, was only valid for 90 days back in 2010, when he obviously knows what the current and applicable law says.
.

 

[George Hatch]

In addition to the first paragraph of the PREAMBLE and the COMPETENCY RULE and the SOWR and SR1.4.a and the first paragraph in SR2 (meaningful and not misleading to intended users) - all of which are part of USPAP proper, the FAQs are based on the ASB's understanding of USPAP. You would need some solid reasoning in order to disagree with them on their own turf.

Thanks

 

[George Hatch]

And I still did not get an answer why Danny was citing a law that, as written, was only valid for 90 days back in 2010, when he obviously knows what the current and applicable law says.
.

You'll have to take up whatever parsing you intend to do with the current regs with him. Frankly, I think you're in way over your head on the issue.

 

[DTB]

Why would one expand their SOW without expanding their fee?

Mechanic?
Doctor?
Accountant?
Insurance Agent?
Dentist?
Hairdresser?
Plumber?
Grass cutter?
None of the above.