THere are better answers to Jeff's situation below: but folks might want to read this post anyway, as it entirely flys in the face of every USPAP class I have taken over the last many years... :roll:
EDITED 8/14/02 after reading other's responses
(and to fix some of my typos
)
Jeff:
I am no guru, but I believe that the way out of this is to do a report for both clients - seperately.
I know this is going to raise Cain, but based on the information I got from what I consider the Horses mouth(s) at this summers institute conference, I was told by folks I challeged directly to stand behind me and be quoted IF i got into any difficulties due to following their advice.
SO Per my notes taken during a class on USPAP and the Appraiser instructors: Danny Wiley (Member Appriasal Standards Board) and Stephanie Coleman (Screening Director Appraisal Institute) on or about 11 am 7/14/2002 Pacific Standard time:
There is NO prohibition from performing an appraisal for two or more different clients on the same property up to and including useing the SAME date of inspection and the reports can or can not have different signatures.
AND what you charge for your services on the second report is entirely up to YOU the appraiser.
The above are both direct quotes, my interpretation of YOUR situation is that you are in fact permitted to perform two appraisals.
[OK folks - I am braced for the inevitable barrage of folks telling me that I am wrong, WRONG,
WAY WRONG] But there you have it: I have quoted my sources and time, place and circumstances quite thoroughly.
I have more to toss out at a later date... have fun, bye,
