What documentation must an appraiser have after performing an oral report?

A signed and dated certification is essential for appraisers after delivering an oral report because it serves as a formal record of the appraisal work performed and ensures compliance with the standards set forth in the Uniform Standards of Professional Appraisal Practice (USPAP). This certification is a declaration that the appraisal was conducted according to ethical guidelines and reflects the appraiser's professional opinions and conclusions.

In addition, having a signed and dated certification provides legal protection for both the appraiser and the client, as it verifies that the appraisal has been completed and acknowledges the appraiser's responsibilities and the scope of work performed. This documentation is crucial in maintaining transparency and accountability in the appraisal process while also serving as a reference for any future disputes or questions regarding the appraisal.

While informal notes or recorded calls may contain information about the appraisal discussions, they do not fulfill the formal requirements set forth by USPAP. Documentation should adhere to professional standards to ensure consistency and reliability in the appraisal process.