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What Does This Statement Mean?

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liznindy

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Indiana
I am reviewing an appraisal report in which the statement is made under Conditions of Appraisal.....

"No warranty of the appraisal is given or implied."


Could someone enlighten me as to what this statement means?
 

Blue1

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Jan 14, 2002
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Certified Residential Appraiser
State
California
Sounds to me like the appraiser is not justifying, authorizing or guaranteeing the appraisal. Hmmmmmm......Did he/she sign it? :unsure:
 

Non Sequitur

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State
Louisiana
So if the appraisal blows up he's not responsible?
 

Mike Garrett RAA

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Certified Residential Appraiser
State
Colorado
It means the appraiser hasn't a clue! :rofl:
 

Richard Carlsen

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Licensed Appraiser
State
Michigan
Means he read it on his new Walkman guarantee and thought it sounded neat and like real legalese.
 

Verne Hebert

Senior Member
Joined
Feb 25, 2002
Professional Status
Certified General Appraiser
State
Montana
That is exactly what I was thinking when I read the thread.

Please tell me this is a "typo", and was never intended to be included.
 

Tim Hicks (Texas)

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Certified Residential Appraiser
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Texas
Has the appraisal already exceeded 12,000 miles? Somebody doesn't understand what they typed.
 

Dee Dee

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Originally posted by liznindy@Jul 24 2003, 10:13 AM
"No warranty of the appraisal is given or implied."
Sounds like a favorite canned remark I've seen that may have gotten passed around too many times. :D


"Appraiser is not an expert in mechanical or structural integrity, therefore no warranty is given or implied."
 

jtrotta

Senior Member
Joined
Jan 16, 2002
Dee Dee

ya git the fickle finger award for Great Brainial recourse/resource/errrrr :beer: ya thats the ticket


:ph34r:
 
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