What has to be disclosed to the appraiser?

[Terrel L. Shields]

I don't think anyone can force a Realtor to disclose much but the lender can require the information and forward it. If the lender is unwilling to provide it, then I would certainly be unwilling to do the appraisal - especially for secondary market.

 

[Lee Lansford]

If there be "seller disclosure" documents where something adverse is disclosed AND the appraiser is unaware--good luck to that appraiser.

I have no idea whatsoever why an appraiser--being aware that there are such disclosure documents available for the subject--would not demand copies of such documents when appraising the subject.

 

[J Grant]

Because an appraiser can not "demand" compliance....most seller disclosure is in contracts as repair items or items buyer noted as present. Where is the USPAP requirement to review seller disclosure documents?

 

[Lee Lansford]

Because an appraiser can not "demand" compliance....most seller disclosure is in contracts as repair items or items buyer noted as present. Where is the USPAP requirement to review seller disclosure documents?

If such is available, I argue that it is a SOW Rule issue.

In Illinois, there is a required "seller disclosure" document.

Other states? Well, I don't know.

Appraisers having head-in-sand are not a good thing.

 

[Mike Garrett RAA]

An Appraiser is not a "party to the contract" so a mandatory disclosure statement may or may not be made available to the appraiser. I concur with the statement..."all you can do is ask for it!". IN MY MARKET, often the agent will include it with a copy of the contract provided to the lender.

Same holds true for a home inspection report. I often ask if the home inspection has been completed and may I, please, see a copy of it. Sometimes I get it...sometimes I don't.

 

[Lee Lansford]

...

Same holds true for a home inspection report. I often ask if the home inspection has been completed and may I, please, see a copy of it. Sometimes I get it...sometimes I don't.

Have to ask: Why is it that a party to the transaction would not want the appraiser to see the disclosure?

 

[Mr Rex]

NC has a disclosure form. Probably 90%+ are marked "No representation" on every check box. RE agents tell the sellers to mark "No representation" as a CYA move. So the forms are pretty much useless.