I was just offered a field review assignment with the fee based on whether or not I agreed upon the original appraisal. This company offered more if my opinion differed from the original report siting the additional work involved. I can't argue with the fact that more work is involved if the review appraiser disagrees, however I find the flexible fee structure disturbing and quite non-USPAP compliant. Wouldn't it behoove a starving appraiser to disagree with the original report simply for a few extra coins? Has anyone run into this and/or accepted an assignment?
(6 comments)
uspap: Most common USPAP errors that Appraisers make...
- 05/07/08 06:37 AM
This is a list of the most common USPAP errors according to my state appraisers board. Just a note to the pros out there that are not familiar with appraisal guidelines, if we [appraisers] are caught (on purpose or accident) abusing any of these USPAP guidelines, we are fined, given additional classroom hours, suspended and/or expelled from our positions (ie: careers). Now that's accountability. Below is a list compiled from a survey of State Appraisal Boards throughout the country on the most common USPAP development and reporting errors. Use of Fannie Mae forms for nonlending assignments [SR 1-2 (a); SR 1-2 (b); (6 comments)