Question:

I am aware of Advisory Opinions: AO-26, Readdressing (Transferring) a Report to Another Party and AO-27, Appraising the Same Property for a New Client. Does that guidance still apply if Lender A releases me to perform another assignment, or can I just readdress the report to Lender B since I have obtained a release?

Response:

It is never permissible to “readdress” a report by simply changing the client’s name on a completed report, regardless of whether the first client gave a release.  The request from Lender B must be treated as a new assignment.

Further guidance can be found in the Obtaining a Release section of Advisory Opinion 27.