VIEWS: 3 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 5/27/2010
You have all been asked at one time or another by a client or an interested third party to review your own appraisal report. This issue continues to challenge appraisers, as they seek clarity regarding what review and update can be undertaken and how the results of that review could be reported. If you do make any changes to your report, it is an 'updated report,' as set out in CUSPAP Appraisal Standard Comment 7.6.4. It is important to recognize that you are the professional and that you will stand behind your work. The challenge is to provide a reasonable explanation to the other party regarding errors and choices of comparable properties.
From the Counsellor’s Desk Reasonable appraisal review
Pages to are hidden for
"Reasonable appraisal review"Please download to view full document