Just something to consider, it might be a USPAP issue under ethics if
an appraisal assignment was accepted, and the report not delivered.
The payment arrangements could be considered a supplemental standard,
and if not specified, would not be a reason for not delivering the
appraisal. Payment arrangements should always be stipulated in the
engagement letter. I have seen several disciplinary actions in
Florida under failure to deliver an appraisal, so it is an issue at
times, though not necissicarilly a USPAP issue. The payment
arraingements should always be stipulated in the engagement letter.
C.Y.A.


Tom Woolford
Woolford Appraisal
Serving Citrus and Southwest Marion County Florida
352-465-3664
fx 352-465-3665
thomaswoolford@...
woolfordappraisal.com








_____

From: Total2000UsersGroup@yahoogroups.com
[mailto:Total2000UsersGroup@yahoogroups.com] On Behalf Of Rick Fasano
Sent: Friday, November 03, 2006 6:13 PM
To: Total2000UsersGroup@yahoogroups.com
Subject: RE: [WinTOTAL Group] Payment required before report delivery



I AM SURE THAT YOUR FRIEND IS VERY WRONG. Payment is a business and
USPAP does not cover payment issues. USPAP may cover fee for value but
what you charge and when you charge it is not USPAP.

Rick Fasano

Peoria, AZ

________________________________

From: Total2000UsersGroup
<mailto:Total2000UsersGroup%40yahoogroups.com> @yahoogroups.com
[mailto:Total2000UsersGroup
<mailto:Total2000UsersGroup%40yahoogroups.com> @yahoogroups.com] On
Behalf Of tddarling
Sent: Friday, November 03, 2006 10:17 AM
To: Total2000UsersGroup <mailto:Total2000UsersGroup%40yahoogroups.com>
@yahoogroups.com
Subject: [WinTOTAL Group] Payment required before report delivery

I was having a conversation with a friend about requiring payment
before the delivery of an appraisal report. She told me that it is a
USPAP violation to "hold an appraisal for ransom". I asked her for
specifics which she could not provide. I did not think it was an
ethics violation to require payment before report delivery. If my
friend is correct and you cannot hold a report, are you in violation
if you accept an COD assignment from a mortgage company and the
homeowner does not have payment for you or gives you a bad check? Are
you still required to complete an assignment for which you can expect
to never be paid?

My understanding was it was not ethical to do something similar to
this hypothetical: Perform an appraisal of the Smith house for XYZ
Mortgage. Then tell XYZ Mortgage that you will not deliver the Smith
report until they pay you for the appraisal of the Jones house which
was done 6 months ago and for which you were never paid.

Am I wrong in my understanding? Is my friend wrong? Are we both wrong?
As always your input is appreciated.
Terry Darling
Darling Home Appraisals, LLC

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