Posted by Cochise on April 23, 2008 at 09:40:19:
In Reply to: Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, posted by Cochise on April 20, 2008 at 19:54:36:
"$50 Comp Check
We have no problem with comp checks. For $50, we will respond and do a residential search to the selection criteria the client provides and give them the results. This can be done by a clerk with no appraisal skill required. The trouble with most appraisers is that they do the search and select the criteria to be used. Now they are required to be in compliance with USPAP, which of course, they are not. So if a complaint is filed, these appraisers are in trouble."
Can anyone, except me, see a problem with letting a clerk in your office with no appraisal experience do a comp check?