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USPAP is it for appraisers or lenders

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Dutchman

Member
Joined
Jul 11, 2007
Professional Status
Certified Residential Appraiser
State
Washington
Lately I have been wondering who wrote USPAP and why. It seems to me that it was written by lenders for lenders and with cooperation of some appraisers. The main purpose seems to be to dump liability on appraisers.

I would like to see USPAP totally revised and written with the rights and duties of the appraiser in mind and a section specifically written on the appraisal process and the minimum SOW required for specific type reports.

If we are to be a profession, shouldn't we be writing the rules and regulations for the profession. I mean a Registered Surveyor is not told how to run a closed course or how to run a set of levels. Why should an Appraiser be told by the lender on how to do an appraisal. A lender should be allowed to choose a certain type of appraisal with its attendant SOW but not to dictate how it is done.

Just thinking out loud.
 

Jason Barber

Junior Member
Joined
Feb 16, 2006
Professional Status
Certified Residential Appraiser
State
Michigan
What does this have to do specifically with Michigan??... Just wondering :shrug:
 

Dutchman

Member
Joined
Jul 11, 2007
Professional Status
Certified Residential Appraiser
State
Washington
It is in the wrong place and needs to be moved, sorry
 
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