What will happen if more than one appraiser submits the same sale?
Generally, the first record submitted, providing it meets the Appraisal Institute Data Standards for submission, will be accepted. However, consideration is being given to a hierarchy for data. Confirmed subject property data would be considered higher quality than data submitted otherwise and would therefore replace the prior submission. The Appraisal Institute Commercial Data Standards Committee is currently working on those issues. …Back to the Top Q: If an appraiser decides not to submit a sale they have confirmed, how will you insure that a third party coming in contact with the appraisal report, will not submit the sale into the Commercial Database and profit from it? A: To begin with, only Appraisal Institute Members will be able to submit data to the public area of the Appraisal Institute Commercial Database. All submitted data would be accepted with the understanding that the data contributor has the legal right to submit the data. Every reasonable effort will be utilized to
