Having a report that complies with USPAP, state, and client conditions is not simply a client expectation, but an essential component to every appraiser’s practice: appraisers, after all, are the individuals to which the standards directly apply. Consequently, appraisers are directly in the cross-hairs for state sanctions if deficiencies are discovered.
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This article was published on Working RE magazine. See the full article here… http://www.workingre.com/common-appraisal-errors-part-1/