Jun 13, 2017 - 12:27 PM
Because your assignment does not appear to involve a federally related transaction, the scope of practice for the appraiser's credential is a matter of state law. Although some states require appraisers to be licensed or certified for all transactions, some states (including California) do not require a state license or certification to perform appraisals in non-federally related transactions.
However, most states (including California) do require their licensed and certified appraisers to comply with the Uniform Standards of Professional Appraisal Practice (USPAP) for all assignments the appraisers perform, even those that are not federally related transactions. USPAP includes a COMPETENCY RULE, which means if the appraiser was legally required to comply with USPAP, he or she would have had to satisfy the competency obligations.
To determine what recourse, if any, you may have against the appraiser, we suggest you contact an attorney with expertise in this area of practice. You may also wish to contact the state appraiser regulatory agency in California with any additional questions. The contact information is:
Bureau of Real Estate Appraisers
1102 Q Street, Suite 4100
Sacramento, CA 95811