Solutions For

Appraisers

Most of the subject properties you appraise (85%) will have public records of environmental contamination within 1/2 mile.

No / N/A / Unk. / None 

These URAR responses do not protect you from liability; in fact, they may leave you legally exposed. You can perform your due diligence accurately and reduce your liability with EDR's fast, easy and inexpensive solution.

Easy. Inexpensive. Accurate.


What is the value?

  • Comply with USPAP
  • Reduce your liability
  • Acquire critical knowledge (e.g., can a property’s value be affected by environmental contamination?)

Properties proximate to known contamination may not have values that are affected, in which case USPAP requires a statement like the following:

“There is (not) sufficient data in the marketplace to indicate reduction or diminution in value, unless otherwise stated herein. The appraiser is not an environmental expert, but has relied on information in the Neighborhood Environmental Report (produced by Environmental Data Resources), attached and included by reference. This appraiser makes extraordinary assumptions within this report that the NER’s information is accurate and therefore deemed to be reliable.“

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Continuing Education Seminar

Environmental Hazards Impact on Value

Appraisers have been lucky when it comes to environmental due diligence, but with the increasingly stringent requirements put out by lenders, can appraisers continue to count on their luck?

Learn key strategies to conduct environmental due diligence, make the right disclosures and avoid liability.

Enroll today and learn how!

Resources

Scotsman Guide Article: Keep an Eye on the Environment