Mary Tiernan
Senior Member
- Joined
- Dec 16, 2003
- Professional Status
- Retired Appraiser
- State
- Michigan
Well, I tell you I got a little concerned after reading some of the comments regarding "draft" reports about how I handle this.
As it is stated the Scope of Work does not have to be "labeled", my Scope of Work is typically throughout the whole report, i.e., three paragraphs at beginning of addendum broadly describing the steps utilized, then exact neighborhood under Neighborhood Description, market analysis under Market Conditions, exactly which MLSs and the extent of research under sales comments, etc.
When a client has correction or addendum requests, I utilize the Additional Comments section of the addendum (ACI) and begin with:
Original report signed and sent to client on June XX, 2008.
One June XX, client asked appraiser to provide additional detail regarding XXXXX.
Additional paragraph regarding what client wanted addressed is placed here.
Report resigned and resent to client on June XX. No other changes made.
Occassionally, client will send additional sales in the area or ask for additional comparables.
I do the same thing as above, then pull some quotes out of the sales comments as to why no other comparables were utilized: As stated in appraisal under comments to sales comparisons:
Blah Blah Blah
Then I add a statement that the sales provided by client on XX were considered in the development of the appraisal and deemed not relevant to the subject. Then I explain that I did not add the sales as they are not considered relevant and including them in the report may result in a misleading report. No other changes made. No change to opinion of value as provided on June XX.
Never had anyone come back at me with that one.
But, because of the "draft" issues in another thread, and the fact that our own Ray is fighting with his Board over this exact issue, I have to wonder if it is all fruitless anyway.
As it is stated the Scope of Work does not have to be "labeled", my Scope of Work is typically throughout the whole report, i.e., three paragraphs at beginning of addendum broadly describing the steps utilized, then exact neighborhood under Neighborhood Description, market analysis under Market Conditions, exactly which MLSs and the extent of research under sales comments, etc.
When a client has correction or addendum requests, I utilize the Additional Comments section of the addendum (ACI) and begin with:
Original report signed and sent to client on June XX, 2008.
One June XX, client asked appraiser to provide additional detail regarding XXXXX.
Additional paragraph regarding what client wanted addressed is placed here.
Report resigned and resent to client on June XX. No other changes made.
Occassionally, client will send additional sales in the area or ask for additional comparables.
I do the same thing as above, then pull some quotes out of the sales comments as to why no other comparables were utilized: As stated in appraisal under comments to sales comparisons:
Blah Blah Blah
Then I add a statement that the sales provided by client on XX were considered in the development of the appraisal and deemed not relevant to the subject. Then I explain that I did not add the sales as they are not considered relevant and including them in the report may result in a misleading report. No other changes made. No change to opinion of value as provided on June XX.
Never had anyone come back at me with that one.
But, because of the "draft" issues in another thread, and the fact that our own Ray is fighting with his Board over this exact issue, I have to wonder if it is all fruitless anyway.