Conducting Appraisals Sample Clauses
Conducting Appraisals. The Ameriquest Parties shall take reasonable steps to ensure all Appraisals are accurate, that appraisers do not inflate property values and that no employee of an Ameriquest Party attempts to influence the development, reporting, result or review of any Appraisal or otherwise interferes with an appraiser’s professional duty to perform the Appraisal impartially, objectively and independently.
Conducting Appraisals. 4.1 In signing the agreement, the Appraiser agrees to conduct appraisals in accordance with the Faculty’s Appraisal Policy, to follow any guidance that has been issued and to agree to the following;
a) To organise their allocated appraisals within each individual appraisee’s timeframe for appraisal (a three-month window). The appraisee will be aware of their window but if there is any doubt, the Appraiser will contact the Revalidation Team to seek clarification.
b) To review appraisal input documentation and supporting information prior to each appraisal meeting in order to prepare and to identify key areas for discussion.
c) To ensure that appraisal output documentation is processed in a timely fashion.
d) To ensure that the location and timing of each appraisal provides an appropriate environment for the appraisal meeting.
e) To ensure that once an appraisal is scheduled, adequate time is then protected in the Appraiser’s diary other than in the case of exceptional or unforeseen circumstances which must be advised to the Revalidation Team at the earliest opportunity.
f) To work with the appraisee to ensure the appraisal is closed on the e-portfolio system within 28 days of the appraisal meeting
g) To inform the Faculty of any issue which may impact on the timeline for the appraisal or delay completion past 28 days from the meeting date
Conducting Appraisals. If there are any unreconciled issues that result in a question as to the reasonableness of a third-party appraisal value conclusion, Altus will, if requested, coordinate a new third-party appraisal or perform a valuation and issue a report (a “Restricted Appraisal Report”) on the particular property or investment. The Restricted Appraisal Report valuation will supersede the third-party’s valuation conclusion at the discretion of Blackstone.