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Consult with appraisers to clarify report conclusions.
May need to prepare an independent valuation that meets § 24.103 requirements.
Prepare a written report on results of reviews.
May be an in-house consultant on appraisal.
The review appraiser has a critical and powerful role in the acquisition process. It can be characterized as a two way street: representing the agency's needs and interests to the appraisal process, and representing (and sometimes defending) legitimate appraisal practice to the agency.
If the initial appraisal submitted for review is not acceptable, the review appraiser is expected to communicate and work with the appraiser to the greatest extent possible to facilitate the appraiser's development of an acceptable appraisal.
In doing this, the review appraiser is to remain in an advisory role, not directing the appraisal, and retaining objectivity and options for the appraisal review itself.
However, if the review appraiser is unable to obtain an acceptable appraisal from the appraiser, the rule allows the review appraiser to develop an independent approved or recommended value. In doing so the review appraiser may reference any acceptable resource, including acceptable parts of any appraisal, including an otherwise unacceptable appraisal. The review appraiser may independently present and/or analyze market data. In doing so, though, the review appraiser must comply with § 24.103 appraisal requirements.
When a review appraiser develops an independent value, that independent value also becomes the approved appraisal of the fair market value for Uniform Act purposes. It is within agency discretion to decide whether a second review is needed if the first review appraiser establishes an independent value.
Agency review appraisers typically perform a role greater than technical appraisal review. They are often involved in early project development. Later they may participate in making appraisal assignments to fee and/or staff appraisers and be involved in devising the scope of work statements. They may also be mentors and technical advisors, especially on agency policy and requirements, to appraisers, both staff and fee. Additionally, review appraisers are frequently technical advisors to other agency officials.