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The Appraisal Standards Board (ASB) has issued their September 2008 USPAP Q&A - Download Sept_2008_USPAP_QA.pdf

Sales History for New Construction - I have received an assignment to appraise a property with newly constructed improvements. Because the property includes new construction, there is no prior sales history of the property as it now exists. However, I do have information pertaining to a prior sale of the site (without the improvements). Does Standards Rule 1-5(b) require me to analyze this prior sale of the site?

Appraiser Coercion - Does USPAP require an appraiser to certify in the appraisal report that he or she has not been coerced to provide predetermined results?

Confidentiality and Review Appraisers - A few weeks ago I performed an appraisal for a lender client. I was recently contacted by an individual who claims that she is a review appraiser that has been hired by the lender, and wanted to ask me some questions about my appraisal. Can I discuss my appraisal with her?

Copy of License in Appraisal Report - I have several clients that request I include a copy of my state appraisal license in each appraisal report I perform. Does USPAP permit me to do this?

Click here for the answers!  Download Sept_2008_USPAP_QA.pdf