Table of Contents Table of Contents
Previous Page  44 / 77 Next Page
Information
Show Menu
Previous Page 44 / 77 Next Page
Page Background

USPAP 2018-2019 Edition

© The Appraisal Foundation

32

STANDARD 4

STANDARDS RULE 4-3

Each written Appraisal Review Report must contain a signed certification that is similar in content to the

following form:

I certify that, to the best of my knowledge and belief:

— the statements of fact contained in this report are true and correct.

— the reported analyses, opinions, and conclusions are limited only by the reported assumptions and

limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and

conclusions.

— I have no (or the specified) present or prospective interest in the property that is the subject of the work

under review and no (or the specified) personal interest with respect to the parties involved.

— I have performed no (or the specified) services, as an appraiser or in any other capacity, regarding the

property that is the subject of the work under review within the three-year period immediately preceding

acceptance of this assignment.

— I have no bias with respect to the property that is the subject of the work under review or to the parties

involved with this assignment.

— my engagement in this assignment was not contingent upon developing or reporting predetermined

results.

— my compensation is not contingent on an action or event resulting from the analyses, opinions, or

conclusions in this review or from its use.

— my compensation for completing this assignment is not contingent upon the development or reporting

of predetermined assignment results or assignment results that favors the cause of the client, the

attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended

use of this appraisal review.

— my analyses, opinions, and conclusions were developed and this review report was prepared in

conformity with the

Uniform Standards of Professional Appraisal Practice

.

— I have (or have not) made a personal inspection of the subject of the work under review. (If more than

one person signs this certification, the certification must clearly specify which individuals did and which

individuals did not make a personal inspection of the subject of the work under review.) (For reviews

of a business or intangible asset appraisal assignment, the inspection portion of the certification is not

applicable.)

— no one provided significant appraisal or appraisal review assistance to the person signing this

certification. (If there are exceptions, the name of each individual(s) providing appraisal or appraisal

review assistance must be stated.)

Comment: A signed certification is an integral part of the Appraisal Review Report. A reviewer who signs any

part of the appraisal review report, including a letter of transmittal, must also sign the certification.

Any reviewer who signs a certification accepts responsibility for all elements of the certification, for the

assignment results, and for the contents of the Appraisal Review Report.

Appraisal review is distinctly different from the cosigning activity addressed in Standards Rules 2-3, 6-3, 8-3,

and 10-3. To avoid confusion between these activities, a reviewer performing an appraisal review must not

sign the work under review unless he or she intends to accept responsibility as a cosigner of that work.

When a signing appraiser has relied on work done by appraisers and others who do not sign the certification,

the signing appraiser is responsible for the decision to rely on their work. The signing appraiser is required to

have a reasonable basis for believing that those individuals performing the work are competent. The signing

appraiser also must have no reason to doubt that the work of those individuals is credible.

984

985

986

987

988

989

990

991

992

993

994

995

996

997

998

999

1000

1001

1002

1003

1004

1005

1006

1007

1008

1009

1010

1011

1012

1013

1014

1015

1016

1017

1018

1019

1020

1021

1022

1023

1024

1025

1026

1027