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Scope of Work

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Don Clark

Thread Starter
Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
Although not specifically required in USPAP, I have a seperate page where I outline my scope of work, USPAP issues, type of report and type of appraisal as well as Departure, if any.

I have found that Scope of work is misunderstood, second only to Departure.

Received a call from a long time client yesterday. Seems they had hired another appraiser to appraise a local property. When the appraisers got to the property he found a ranch being converted to a 2 story. He called lender, they asked him to complete the appraisal as tho the second floor did not exist. He said he could not do that, that to do so would violate USPAP :?:

I said, send me the request, and I will outline in my scope of work that you want only the existing improvements appraised, and treat the scond floor unfinished area as tho it does not exist. That I would note the existence of the second floor but treat it hypothetically as if it was not there. This misunderstanding of USPAP cost an appraiser a fee. No wonder the Foundation wants to carefully select who can teach USPAP.

BTW, I once completed a similar appraisal where a long term tenant(over 12 years) was finally purchasing the home from the owner. The tenant in that 12 years had added 2 rooms. He and the owner had agreed that it would be sold for market value, with the 2 room additions treated as tho they did not exist. The appraisal was performed in that manner, and both went away pleased by the report.

The positive side of forums like this is that perhaps someone will read the many postings here and not lose a fe as the appraiser did who turned down the request .

Don
 

Charlotte Dixon

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Delaware
Don,

Develop an entertaining, informative USPAP class outlining scenerios such as you posted, charge a little more, and you'll fill your classes with wide-eyed appraisers needing the credits. I'd pay more for an interesting USPAP class that I can relate to. The dull review of Standards has to go!!

(check your e-mail...I have a manuf.home question for you)

Charlotte
 

Don Clark

Thread Starter
Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
8)

Charlotte:

You may have an old e-mail address. My e-mail is:

[email protected]

BTW. How about the appraisal of a manufactured home that is personal property, with a 450 sq ft real estate addition, and how to comply with USPAP.? I just did one.

Don

PS Give my regards to your son.
 
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