FREQUENTLY ASKED QUESTIONS
74. Readdress or Transfer
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Question: |
Is it acceptable to readdress or transfer a completed appraisal report?
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Response: |
No. Once a report has been prepared for a named client or clients, the appraiser cannot ‘readdress’ (transfer) the report to another party. Simply changing the client name on the report cannot change or replace the original appraiser-client relationship. Therefore, this action is misleading.
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However, you can consider the request as a new assignment. In so doing, you may establish a new appraiser-client relationship and appraise the property for this new client.
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Additional information can be found in Advisory Opinion 26, Readdressing (Transferring) a Report to Another Party. Important considerations, such as the handling of confidential information and other factors, are addressed in Advisory Opinion 27, Appraising the Same Property for a New Client. |
USPAP 2008–2009 Edition
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