Real Estate Appraisal Services

The Vendor is required to provide appraisal services on all types of real estate property in conformance with the following:
• Comply with all provisions of the uniform standards of professional appraisal practice (USPAP) and the USPAP competency rule, as well as all provisions of local, state and federal laws, ordinances and regulations.
• Or certified in accordance with the state appraiser licensing and certification act, occupation code, title 7 – practices and professions related to real property and housing, subtitle a – professions related to real estate, chapter 1103 – real estate appraisers amended September 1, 2005.
• Sufficient level of staff by job type to service opportunity home requirements, to include but not be limited to: professional (e.g. Attorneys, engineers); managerial, administrative and clerical.
• Designate a single point of contact within appraiser’s organization to which opportunity home can look for timely resolution of any issues which arise related to appraiser’s work in performance of assigned projects.
• Meet with opportunity home periodically, as agreed to by opportunity home and appraiser, subject to change and dependent upon the number and type of open projects assigned, to address concerns or issues, if any, and to review status of assigned projects.
• Accept no assigned request for appraisal for which appraiser’s principal(s) and employees, either directly or indirectly, has any financial or personal interest in any tract or parcel of land included within the scope of the request for appraisal requiring title services.
• All assigned requests for appraisals for opportunity home, with their expertise, regardless of size or value of property concerned, and provide expeditious service to meet opportunity home requirements and timelines.
• Opportunity home electronic and hard copy documents disclosing fully the services rendered pursuant to an assigned request for appraisal.
• Home assistance on general requests, such as for affidavit forms, clarifications on commitments, etc.
• Highly encouraged to provide bilingual services, though it is not a requirement, as may be requested by opportunity home on any issued request for appraisal.
• All commercial appraisals must be reviewed and signed off by an appraiser that has the MAI designation.