Podcast: Play in new window | Download (Duration: 14:54 — 10.3MB)
USPAP and three questions? What does that mean? It means that, in this podcast, we are going to tackle three questions. They are questions appraisers constantly ask. This consistency means that these answers are not cast in stone. That is a shame. Therefore, we’re going to answer them in a manner that is applicable to any appraisal and report.
Uspap and three questions is vital for appraisers. In short, the three questions are, “How do I confirm a comparable sale?”. The next is “What does a state investigator look for in my work file?”. And, finally, “ What is enough support in my work file?”
We are also going to look at these questions from a perspective you’ve probably never considered before. So, uspap and three questions will raise novel issues. It’s also likely that as you formulate your answers to them, you’ll come to understand residential real estate appraisal, and even highest and best use, better than you did before.
There are great CE classes out there. However, you’ll find none of them cover these three questions in any depth. That, too, is a shame since these questions continue to merit straightforward and unambiguous answers.
Contemplate uspap and three important questions. In addition, given the fact that business has slowed for so many appraisers, this may be a great time to sharpen your saws. It might be a good time to ask an expert to audit some of your reports, just to make sure they are as clean and uspap- compliant as they should be.
Thanks for listening! please hit that subscribe button! More of these podcasts are on the way. One comes out about every two weeks. Remember to contact me at tim@theappraisersadvocate.com Thanks! And, as always, my best!