USPAP 2008–2009
An appraiser must identify the client and other intended users as part of the process of identifying the client’s intended use of an appraisal, appraisal review, or appraisal consulting report, by communication with the client prior to accepting the assignment.
Identification of the intended use and intended users are necessary steps in determining the appropriate scope of work.
Whether or not assignment results are credible is measured in the context of the intended use of the opinions and conclusions.
An appraiser should use care when identifying the client to ensure a clear understanding and to avoid violations of the Confidentiality section of the ETHICS RULE.
The appraiser’s obligations to the client are established in the course of considering and accepting an assignment.
The appraiser’s obligation to intended users other than the client is limited to addressing their requirements as identified by the appraiser at the time the appraiser accepts the assignment.
Identification of the intended use and intended users of the report is one of the essential steps in order to identify the problem to be solved.
An appraiser identifies the intended use and any intended users of an appraisal, appraisal review, or appraisal consulting report by communicating with the client before accepting an assignment.
Appraisers can avoid misleading parties in possession of a report by clearly identifying the intended use and any intended users in the report and stating that other uses and/or users are not intended by the appraiser.
Except when specifically requested not to do so as part of the agreement with the client, an appraiser must disclose the identity of the client and any other intended users of an appraisal report in the report.
If the client’s identity is omitted from an appraisal report, the appraiser must (1) document the identity of the client in the workfile, and (2) provide a notice in the appraisal report that the identity of the client has been omitted in accordance with the client’s request and that the report is intended for use only by the client and any other intended users.
USPAP 2008–2009 Edition
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