Scope of Work Template

Scope of Work, who sets it, the appraiser or the client?  A lot of appraisers think that’s the clients job.  Not according to USPAP!  In reality, the appraiser sets this.  The client does not, nor does the AMC.  It’s not the borrower’s job to tell the appraiser how to appraise.  To be independent, impartial, and objective, this task is the appraiser’s job.  

This concept is fundamental to appraisal, and its proper application ensures that appraisers can provide various services and maintain flexibility in their assignments. This has become increasingly important in our rapidly changing business environment. 

To design a credible scope of work is purely the appraiser’s job.  Yes, the client can contribute to it.  Sure, the broker can provide some totally questionable “comparable” sales.  You know the AMC is going to send you some bogus comparables when you come in below the contract price.  However, the appraiser has the privilege and responsibility to design, then execute, a protocol.  That protocol must result in a credible value opinion.  That’s exactly what we certify to with every appraisal report that goes out the door. 

So, the appraiser designs and executes the Scope of Work.  Only in this way is the appraiser truly independent, impartial, and objective.