ICAP COVID-19 Industry Survey

ICAP is collecting information in order to better understand the potential dangers appraisers are facing when it comes to property inspections and client requirements, and how it is impacting appraisers' business.

Everyone who completes the survey will be able to see the responses. These are difficult times. We will get through this together.

Ron DeVries, MAI, FRICS

2020 ICAP President

Question Title

* 1. What types of appraisal assignments are you primarily performing?

Residential

Commercial

Question Title

* 2. Are you still performing interior inspections?

Yes for 1-4 family assignments

Yes for commercial Assignments

No (or very few) for 1-4 family assignments

No (or very few) for commercial Assignments

Comments

Question Title

* 3. Are you concerned for your safety and the safety of your family when you are required to perform interior inspections?

Yes

I am not performing interior inspections.

Question Title

* 4. Are you asking the borrower any questions about their potential exposure to COVID-19 before scheduling an inspection?

Yes

Question Title

* 5. Are you being pressured by any clients to conduct interior inspections?

Yes

Question Title

* 6. What type of protective wear are you using during property inspections? (Check all those that apply)

Disposable Gloves

Protective Face Masks

Disposable Booties

Protective Eye Wear

Medical Scrubs

None

Other (please specify)

Question Title

* 7. Are high or low percentage of borrowers/owners/tenants refusing to allow access to their properties to perform an interior inspection?

High

Low

Question Title

* 8. Are clients ordering drive-by and desktop appraisals based on the recently released Fannie/Freddie alternative single-family appraisal guidelines?

Yes

Question Title

* 9. Are lenders or AMC’s asking you to accept lower fees when assigning new GSE’s alternative appraisal formats i.e. drive-by and desktop appraisals?

Yes

N/A I am a Commercial Appraiser

Question Title

* 10. If the borrower/owner/tenants will not allow interior access to the property what is the lender’s primary reaction and guidance?

Change order to an alternative appraisal format (drive-by or desktop)

Place order on hold

Cancel order

Other (please specify)

Question Title

* 11. Do you know any appraiser who has been diagnosed with COVID-19?

Yes

Question Title

* 12. Do you think the state or federal government should intervene and stop requiring appraisers to perform interior residential inspections?

Yes

ICAP COVID-19 Industry Survey

Question Title

* 1. What types of appraisal assignments are you primarily performing?

Question Title

* 2. Are you still performing interior inspections?

Question Title

* 3. Are you concerned for your safety and the safety of your family when you are required to perform interior inspections?

Question Title

* 4. Are you asking the borrower any questions about their potential exposure to COVID-19 before scheduling an inspection?

Question Title

* 5. Are you being pressured by any clients to conduct interior inspections?

Question Title

* 6. What type of protective wear are you using during property inspections? (Check all those that apply)

Question Title

* 7. Are high or low percentage of borrowers/owners/tenants refusing to allow access to their properties to perform an interior inspection?

Question Title

* 8. Are clients ordering drive-by and desktop appraisals based on the recently released Fannie/Freddie alternative single-family appraisal guidelines?

Question Title

* 9. Are lenders or AMC’s asking you to accept lower fees when assigning new GSE’s alternative appraisal formats i.e. drive-by and desktop appraisals?

Question Title

* 10. If the borrower/owner/tenants will not allow interior access to the property what is the lender’s primary reaction and guidance?

Question Title

* 11. Do you know any appraiser who has been diagnosed with COVID-19?

Question Title

* 12. Do you think the state or federal government should intervene and stop requiring appraisers to perform interior residential inspections?

Question Title

* 13. Do you have any additional professional suggestions or advice to share with your fellow appraiser relative to the COVID-19 outbreak?