In the realm of real estate appraisals, the term “desktop” might evoke images of computer peripherals rather than property evaluations. However, for residential appraisers, a “desktop” appraisal refers to a specific scope of work that doesn’t involve physically inspecting the property. The reliability of such valuations greatly depends on the collaboration between appraisers and real estate professionals.

Understanding the Scope of Work The scope of work defines the type and extent of research and analysis required for a particular appraisal assignment. Appraisers must ascertain whether they need to fully inspect the property’s interior and exterior, conduct a drive-by observation, or rely solely on desk-based analysis. Each of these options constitutes a distinct appraisal approach.

Desktop appraisals, as the term implies, are limited in scope. Appraisers refrain from physically inspecting the property; instead, all assessments are conducted from their desks.

Credible Data is Crucial Desktop appraisers leverage credible data to form accurate valuations. Rather than relying on firsthand observations, appraisers utilize sources such as prior appraisal reports, MLS photos, municipal agencies, and online data. Verifying data through multiple sources is essential to ensure accuracy, as unreliable information can lead to severe consequences, including the loss of an appraiser’s license.

Challenges in Nondisclosure States In nondisclosure states, where sale prices are not publicly recorded, appraisers face additional challenges. They often rely on cooperation from brokers, agents, and auctioneers to obtain sales information. Private sales, in particular, can be difficult to verify, and obtaining comprehensive details poses a challenge.

The Role of Real Estate Professionals Real estate professionals play a crucial role in facilitating the accuracy of desktop appraisals. Here are ways in which they can contribute:

1. Create Accurate Listing Sheets: Providing precise listing sheets with correct information, including photographs and descriptions, ensures that appraisers have a reliable foundation for their assessments.
2. Maintain MLS Data Post-Closing: Leaving interior photos of listings in the MLS post-closing helps appraisers access visual documentation for their analysis.
3. Respond to Appraiser Inquiries: Timely responses to phone calls and emails from appraisers contribute to the efficiency and accuracy of the valuation process.
4. Share Knowledge: Real estate professionals possess valuable insights into the local market. Sharing this knowledge with appraisers enhances their understanding of the property and neighborhood.

Code of Ethics and Collaboration Article 11 of the REALTOR® Code of Ethics emphasizes the obligation of real estate professionals to provide competent services within the scope of their licensing. Accurate listing sheets, as outlined in the National Association of REALTORS®’ Handbook on Multiple Listing Policy, contribute to the overall reliability of property information.

In the spirit of cooperation highlighted in the preamble of the NAR Code of Ethics, collaboration between real estate professionals and appraisers promotes the best interests of clients and ensures the credibility of appraisal reports. By fostering this collaboration, the real estate industry contributes to the accuracy and reliability of desktop appraisals, benefiting both professionals and clients alike.