74.         Readdress or Transfer

 

Question:

Is it acceptable to readdress or transfer a completed appraisal report?

 

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.

 

 

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.

 

 

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.

 

 

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USPAP 2008–2009 Edition
©The Appraisal Foundation