Appraisal Foundation Draft: Submitted for Comment By November 14

The Appraisal Foundation has submitted a draft for comment by November 14: Communication and Reporting in the Uniform Standards of Professional Appraisal Practice.

The 3 Wise Men invite you to post your comments here so that we may engage in a discussion with you here. We will also collect and submit your thoughts to TAF along with our commentary.

 

Link to the document under consideration:

Communication and Reporting Discussion Draft

 

Email address for sending comments directly:

ASBComments@appraisalfoundation.org

 

Details (from The Appraisal Foundation):

Those who have followed the work of the Appraisal Standards Board (ASB) over the last several years are aware of the Board’s continued efforts to properly address the topic of communication and reporting in appraisal practice.  This includes, most recently, proposed revisions for the 2012-13 edition of USPAP that appeared in the first two exposure drafts during the last publication cycle, but ultimately were not adopted because the ASB believed additional information was needed to properly address public trust and avoid any significant unintended consequences.

Nevertheless, the Board continues to believe this is an important issue as there is a demonstrated need for a clearer understanding of an appraiser’s responsibilities when communicating within appraisal practice…. When commenting on various aspects of this discussion draft, it is very helpful to reference the line numbers, fully explain the reasons for concern or support, provide examples or illustrations, and suggest any alternatives or additional issues that the ASB should consider.

 

 

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