71.         Appraisal management Company as authorized agent for a client

 

Question:

I accept assignments from an Appraisal Management Company (AMC) that has informed me they are an authorized agent for the lenders they represent.  The AMC does not want me to list their name as the client, and asks that I only list the name of the lender they are representing.  USPAP says the appraiser’s client is the party who engages the appraiser. Is it ethical to omit the AMC’s name as the client on my reports?

 

Response:

Yes.  If the AMC is acting as a duly authorized agent for a lender, identifying only the lender as your client is acceptable.

 

 

 

  TABLE OF CONTENTS

 

 

 

USPAP 2008–2009 Edition
©The Appraisal Foundation