Voted Best Answer
Jan 09, 2018 - 10:29 AM
No, you cannot readdress a completed appraisal report to change a client's name. Such a request must be treated as a new assignment. However, a new assignment does not necessarily mean you must "start from scratch."
Guidance on this topic can be found in the 2018-19 USPAP publication as follows:
Advisory Opinion 26, Readdressing (Transferring) a Report to Another Party
Advisory Opinion 27, Appraising the Same Property for a New Client
FAQ #123, Readdress or Transfer
FAQ #124, Readdressing with Lender Release
FAQ #203, Does a New Assignment Require Starting Over?
Guidance on this topic can be found in the 2018-19 USPAP publication as follows:
Advisory Opinion 26, Readdressing (Transferring) a Report to Another Party
Advisory Opinion 27, Appraising the Same Property for a New Client
FAQ #123, Readdress or Transfer
FAQ #124, Readdressing with Lender Release
FAQ #203, Does a New Assignment Require Starting Over?
Add New Comment