Home | Business News | Browse by Publication | V | Valuation Insights & Perspectives

In defense of AlReady.

Article Excerpt
In a recent letter to the Virginia Real Estate Board, exerpts of which appear below, Danny Wiley, SRA, sought to clarify claims made to the board's Electronic Portal Committee regarding the use of electronic portals for the delivery of appraisal reports."

Dear Board,

I am an individual appraiser. I have no financial interest in any electronic portal or in any software company. I am not involved in litigation involving any such party. The statements herein are my personal views based on years of experience using electronic portals and years of experience promulgating USPAP as a member and chair of the Appraisal Standards Board. Many of the arguments presented in this matter center on report format. Some have argued that use of AlReady and Lighthouse formats inherently violates USPAP. The contradictions and errors in the arguments made for requiring PDF and prohibiting AlReady are glaring.

The claim has been made that AlReady is an unacceptable format because the appraiser has no way to know what the client receives. This is false. When an appraisal report is converted into AlReady format, the software allows the appraiser to preview the report, just as the client will see it, on the appraiser's computer. This is no different than an appraiser previewing a report converted into PDF format before transmitting it to the client.

It is true that some appraisers have apparently been skipping this...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!