PostList

Coronavirus and Appraisers

Coronavirus and Appraisers: Let’s Be Smart

How Does the Coronavirus Impact Appraisers?

In response to the growing concerns about COVID-19, commonly referred to as coronavirus, we are
providing assistance to help Appraisers respond to the coronavirus's potential impact.

Most important is to stay up to date on developments as they are occurring rapidly. The Center for
Disease Control and Prevention is providing daily, even hourly updates. Click here for the
CDC’s website. Check the website often.

The World Health Organization website may also be informative.


What Precautions Should Appraisers Take When Interacting with the Public?

Let your clients know you will have a conversation with the borrower/owner when scheduling the
appointment to identify any risk of infection. This conversation should also provide the
borrower/owner with the opportunity to ask you screening questions or to assure them you are not
ill.

Also, the appointment scheduling call is a good time to let the borrower/owner know if you will be
wearing gloves, not shaking hands, etc. We recommend observing social distancing of at least 6
feet during your appointment.


Screening should be limited to questions about the coronavirus and flu such as:

1) Is anyone in your household currently sick with a fever and/or a cough?
2) Has anyone in your household been exposed to a person who has or is suspected of having the
coronavirus?

Are there Unique Issues That the Coronavirus Presents to the Appraisal Profession?

As always, appraisers must be mindful of their obligations under the Fair Housing Act, and be sure
not to discriminate against any particular segment of the population. While the coronavirus
outbreak began in Wuhan, China, that does not provide a basis for treating Chinese persons or
persons of Asian descent differently.

Is there anything else Appraisers should do?

Yes. Do not panic, stay informed, and use your best judgment. The situation is rapidly changing, so
focus on being informed.

Comments are closed