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USPAP, Cows, and Competency?! Never in your life did you think you’d see that as the tagline of an appraisal podcast, right? I did not, either. But sometimes you have to change the way you look at things. Sometimes there has to be a little disruption to understand even more deeply what you think you already understand. That’s what we are going to do here.
USPAP, Cows, and Competency is really about an experience my Wife had (you’ll have to listen to get the story). Basically, my Wife had to accuse a purveyor of fine meats of incompetency to get what she had ordered and paid for. Why? Because the purveyor was not going to provide the service, expertise, and satisfaction it promised in its marketing. In other words, the purveyor was going to pretend its incompetence was not incompetence. Rather, it was merely not having enough specific combinations of fine meats to meet demand. But my Wife educated a vice president in the error (and stupidity and incompetence) of his reasoning and logic in such a way that he will long remember. And those memories will not be pleasant ones, either. But he had it coming.
So, really, in this podcast, USPAP, Cows, and Competency the actual subject is COMPETENCY. Cows are just a vehicle to carry the story. And why is competency the subject of this podcast, but not cows!? Because there are some appraisers out there who are just plain ol’ incompetent. Why should the rest of us care? Because those incompetents are painting the rest of us with the wide brush of their ignorance, arrogance, and poor choices. Why are we letting this happen?