USPAP violations? neighborhood boundaries

[Oh No Not Him]

another reason to avoid "clones".....I mean how much time do you really save versus a report that makes the reader say "wow this guy actually writes specific comments..i didnt know appraisers did that"

 

[Metamorphic]

If that was the only issue, I wouldn't worry about it too much.

I think having some template statements are a good idea and make sense. With few exceptions, however, the ones I use all need to be customized to the specific subject.
Cloning a report (except when re-doing the same property) is probably not such a good idea.

I've been trying to convince my supervisor of that. But he thinks it makes sense to spend 2 minutes re-writing rather than 2 minutes writing. At best its a draw, but when you include the risk of not re-writing something that needs rewriting, its a going away looser proposition.

 

[Scott Kibler]

Standards Rule 1-1(c)

 

[PropertyEconomics]

The long and short of it is ... write an answer to the complaint, point out to the Board that the neighborhood is described in error ... be professional and go before the Board with your hat in your hand.
This mistake alone will not sink you .. if the rest of the report is good .. its simply an error.

 

[DMZwerg]

And contact your E&O insurer is, I assume, what everyone also meant to say, correct?

:new_all_coholic:

 

[Diego Lopez]

Is the subject at least within the boundaries of the neighborhood you described in the report?

 

[DWiley]

Assuming that a summary appraisal report was provided, and assuming the current USPAP is the applicable version, the Standards Rule that applies would be 2-2(b)(iii) - summarizing information regarding the physical and economic property conditions relevant to the assignment.

 

[Don Clark]

another reason to avoid "clones".....I mean how much time do you really save versus a report that makes the reader say "wow this guy actually writes specific comments..i didnt know appraisers did that"

Apparently in Virginia it would make no difference. The "Appraiser" that I filed a complaint against did not correctly identify the neighborhood boundaries, had another appraisers signature on her report(secretary responsible for applying signature), missed a sale on the same street as subject, and a few other minor things. Virginia dismissed all charges

 

[Smokey Bear]

A good lesson to learn: NEVER clone reports. Import, copy and paste, rewrite, but don't clone, just for this reason. I told my trainee I'd fire her if I ever caught her cloning - it's too easy to miss something that needs to be replaced.

Learn your software better, and start using whatever features it has to populate/copy/import etc. One simple mistake like that and it's an invitation for your board to look for EVERYTHING it can find to nail you with. OREA's pretty good, but some states are behind in enforcement and will hang anyone just to keep their numbers up.

 

[OminousRun]

I clone from a "master" - basically a semi-blank file with all of the forms/license/eo/photo pages already embedded in the file.

My neighborhood boundary section has ___ to the west, ____ to the north, ____ to the east, ____ to the south - I just fill in the gaps. Makes it easy, and each report section has to be filled in specific to the subject property. "If" (which rarely happens) I make a mistake it would be leaving something blank, not putting inaccurate information in - much lesser of the two evils.

I use to clone from old files within the same neighborhood, but found it really didn't save anytime because I would rarely have the same exact info, and rarely used any of the comps in the old report.