REAL ESTATE APPRAISAL REVIEW SERVICES Sample Clauses

REAL ESTATE APPRAISAL REVIEW SERVICES. The Acquisition Provider shall ensure that all real estate appraisal review services performed for a work authorization executed under this contract meet the following criteria: 4.1 The Acquisition Provider must select Review Appraisers from the list of Department- Certified Appraisers. The list can be accessed at: xxxx://xxx.xxxxx.xxx/business/opportunities/real-estate-appraisers.html 4.2 Review Appraiser shall review all appraisal reports for each parcel to determine consistency of values, supporting documentation related to the conclusion reached, compliance with Department policies and procedures and the USPAP. 4.3 Review Appraiser will prepare and submit applicable Department forms for each appraisal review assignment to the local ROW office. 4.4 The assignment for the review of an initial and update appraisal are two separate and distinct appraisal review assignments. The fee for each review assignment must be reflective of the complexity of the specific individual review assignment. 4.5 Performance metrics for the on-time delivery of review appraisal reports will be kept by the Acquisition Provider and reported to the local ROW office on a weekly basis in a format supplied by the Department. The delivery of late appraisal review report or unacceptable or untimely responses from requests by the local ROW office will negatively affect the rating of a Review Appraiser’s evaluation and could result in reducing the number of future appraisal assignments until the Appraiser’s performance improves.

REAL ESTATE APPRAISAL REVIEW SERVICES. 2.3.1 Review Appraiser must review all appraisal reports for each parcel to determine consistency of values, supporting documentation related to the conclusion reached, compliance with TxDOT policies and procedures and the USPAP. 2.3.2 Review Appraiser must prepare and submit applicable TxDOT forms for each appraisal review assignment to local ROW PD office. 2.3.3 The assignment for the review of an initial and update appraisal are two separate and distinct appraisal review assignments. The fee for each review assignment must be reflective of the complexity of the specific individual review assignment. 2.3.4 Performance metrics for the on-time delivery of review appraisal reports must be kept by the Acquisition Provider and reported to local ROW PD office on a weekly basis in a format supplied by TxDOT. The delivery of late appraisal review report or unacceptable or untimely responses from requests by local ROW PD office would negatively affect the rating of a Review Appraiser’s evaluation and may result in reducing the number of future appraisal assignments until the Appraiser’s performance improves.