PROFESSIONAL VALUATION COMPLIANCE REF: 2026-DISC-USPAP
Appraisal Regulatory Disclaimers & AIR Compliance
1. Appraiser Independence Requirements (AIR) Certification
Accurate Appraisals strictly complies with the Appraiser Independence Requirements (AIR) set forth by Fannie Mae, Freddie Mac, the Federal Housing Finance Agency (FHFA), and Regulation Z of the Truth in Lending Act (TILA - 12 C.F.R. § 1026.42).
Formal Certification of Non-Influence:
George Walsh and Logan Walsh certify that no lender, mortgage broker, real estate agent, property owner, or interested third party has exerted any coercion, extortion, bribery, threat, or financial incentive to influence the value conclusion reached in any appraisal report prepared by this Firm.
Our appraisal compensation is never dependent upon arriving at a predetermined valuation figure, a target loan amount, or the successful closing of a purchase contract or loan transaction.
2. USPAP Rules Adherence & Explanation
All formal appraisal reports authored by Accurate Appraisals strictly comply with the Uniform Standards of Professional Appraisal Practice (USPAP) promulgated by The Appraisal Foundation:
- Standards Rule 1-4 (Development): Requires comprehensive spatial data verification, income capitalization modeling (DCF), market comp reconciliation, and land zoning analysis.
- Standards Rule 2-1 & 2-2 (Reporting): Mandates that every report clearly and accurately sets forth the appraisal in a non-misleading manner, disclosing all extraordinary assumptions and hypothetical conditions.
- Jurisdictional Exception Rule: If any federal, state, or municipal law conflicts with USPAP, the Jurisdictional Exception Rule is invoked and explicitly disclosed in the report addendum.
3. Statement of Non-Bias & Non-Contingency
In accordance with the USPAP Conduct Section of the Ethics Rule:
- Zero Bias Guarantee: We maintain complete objectivity and impartiality. We have no present or prospective interest in the properties appraised and no personal bias with respect to any participating parties.
- Non-Contingent Fee Structure: Engagement fees are based solely upon technical scope, property complexity, and research hours—never as a percentage of property value or transaction approval.
- Fair Housing & Non-Discrimination: We do not consider race, color, religion, national origin, sex, disability, familial status, or neighborhood demographic makeup in determining property value.
4. USPAP Record Keeping Rules & Workfile Protection
Under the USPAP Record Keeping Rule, an appraiser must prepare and retain a complete workfile for every appraisal assignment:
Mandatory Retention Timelines:
Appraisal workfiles are stored in encrypted digital archives and retained for a minimum of five (5) years after preparation, or two (2) years after final disposition of any judicial proceeding in which the appraiser provided expert witness testimony, whichever period expires later.
5. Fannie Mae Guidelines & Reconsideration of Value (ROV) Disclosures
For mortgage lending assignments, reports conform to Fannie Mae Selling Guide Chapter B4-1 specifications:
- Contract & Concession Review: Lenders must supply complete purchase contracts and financial concession details for appraiser verification.
- Reconsideration of Value (ROV) Process: In accordance with Fannie Mae policy, borrowers or lenders may request an ROV by supplying verifiable market data or correcting material factual errors through the formal client portal.
6. IRS Qualified Appraiser & Estate Tax Certification
For estate tax, date-of-death (DoD), and gift tax valuations under Treasury Regulation § 20.2031-1, George Walsh and Logan Walsh qualify as "Qualified Appraisers" under Internal Revenue Code Section 6695A. Reports are engineered for submission with IRS Form 706 and Form 8283.
7. Website Content Educational Disclaimer
Articles, guides, checklists, and video briefings published on accurateappraisalsnyc.com are provided solely for general educational and informational purposes. They do not constitute a formal USPAP-compliant appraisal report, legal advice, or tax opinion. A binding valuation requires an executed engagement contract and property inspection.