Appraisal Standards Board issues new Q&As for January 2018

The Appraisal Standards Board has issued three new USPAP Q&A for January 2018. Looking at these questions in the context of recent new articles about ‘drive-by appraisals’ it is clear that the Board is addressing questions on this subject.

Question #1: Can I perform an appraisal if the property inspection was done by someone else? 

Question #2: Does USPAP require disclosure of assistance by a non-appraiser? 

Question #3: Topic – Employing an extraordinary assumption when an inspection was performed by another.

The entire report can be read here > https://appraisalfoundation.sharefile.com/share/view/s546f2eeba58479b8 <

 

Accurity Morley & McConkie is an appraisal firm based in Southern Utah. Accurity Morley & McConkie has 7 in-house appraisers and decades of experience in residential, commercial and other valuation services. Find us at www.morleyandmcconkie.com.