Once a real estate appraisal is delivered, the job isn't always complete. Time and again clients ask Real Estate Appraisers for additional explanations, answer unusual questions or have requests that have legal impact on the appraiser. Some questions exceed the “Scope of the Original Appraisal” while fulfilling certain requests/demands will place the appraiser in legal jeopardy. Topics to be discussed include:
• The clients need for additional information could place you in jeopardy
• How certain requests are illegal
• The appraiser supplying certain client needs can result in a fraudulent appraisal
• How far should you go to solve the clients problems
Course Objectives
1. As a result of taking this class you should:
2. Have knowledge of what should be included in the appraisal prior to submission
3. What questions are within the scope of the appraisal
4. What questions exceed the normal “Scope of Practice”
5. Greater understanding of State and Federal Laws and USPAP
6. If and when the lender/client asks for additional information, how the reply should be structured