Mar 17, 2018 - 05:09 AM
262. DISAGREE WITH SUPERVISOR ON VALUE CONCLUSION
Question: I am employed at a firm where my reports are reviewed by a supervisory appraiser. The supervisory appraiser recently asked me to make changes to a report that resulted in a value opinion with which I do not agree. I am not comfortable signing the amended report. What are my obligations under USPAP?
Response: If the report does not represent your own opinions and conclusions, then you must not sign the report or the certification.
The Comment to Standards Rule 2-3 states: An appraiser who signs any part of an appraisal report, including a letter of transmittal, must also sign a certification… which must include a statement similar to:
I certify that, to the best of my knowledge and belief, the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.(Bold added for emphasis)
An appraiser required to make changes that he or she does not agree with would not be reporting his or her own personal analyses, opinions, or conclusions.