Why are there among our Fellows who conclude the new UAD3.6 is a terror? It may be that it is a change from what we already know, and everybody (not just appraisers) fear changes. Or maybe it is because this will require appraisers to learn a new “language”. After all, what currently works in report […]
UAD3.6 is a Terror- TAA podcast 158 Read More »
What’s wrong with the supervisor/trainee model? Nothing, other than it does not work. Outside of that small limitation, it is entirely viable. So, really, despite the fact that model is as old as dirt, what’s wrong with it? If it does not work, why did the appraisal industry implement it in the first place? Is
What’s Wrong with the Supervisor/Trainee Model? – TAA Podcast 157 Read More »
What does appraisal’s future hold? This is a question that comes in all the time. Since it comes in all the time, and time is dynamic, so is the answer to the question. Simply, we cannot have the assurance of a yes or no answer. There are too many variables to account for. There are
What Does Appraisal’s Future Hold? – TAA Podcast 156 Read More »
The reconsideration of value is a formal process. In the Fannie Mae Selling Guide are the guidelines that allows a lender or borrower to request a review of an appraisal when relevant new information may affect the value opinion. This isn’t about disagreeing with the appraiser’s judgment. It’s about presenting factual, material data—such as
Reconsideration of Value – TAA Podcast 155 Read More »
USPAP, SR1-6, and Reconciliation are central to producing a credible opinion of value in any real estate appraisal report. The 2024 Uniform Standards of Professional Appraisal Practice (USPAP) emphasizes that reconciliation is not just a procedural formality—it is an essential component of value development. According to USPAP’s Standard Rule 1-6(a), appraisers must reconcile the quality
USPAP, SR1-6, and Reconciliation: TAA Podcast 154 Read More »
DOES REAL ESTATE APPRAISAL HAVE A FUTURE? Does real estate appraisal have a future? This question comes in to me all the time. And it’s important! We’ve invested a lot of time and money to become appraisers. Did we waste all that? There are some who say yes to that question. Generally, they point out
Does Real Estate Appraisal Have a Future? TAA podcast 153 Read More »
USPAP, Verification, and Bernoulli’s Fallacy. That’s a mouthful! What does it mean? I’m assuming you’ve heard of USPAP. Verification is an important component of USPAP’s SR1-4 (learn it, love it, use it). But it is likely Bernoulli’s Fallacy is something you don’t know about. Yet. You will, though. It is going to become really important
USPAP, Verification, and Bernoulli’s Fallacy – TAA Podcast 152 Read More »
Having trouble choosing comps? Tim Andersen, the Appraiser’s Advocate explains one possible model in this podcast.
USPAP and Choosing Comps – TAA Podcast 151 Read More »
USPAP does not specifically use the term, “…from your workfile…” However, you’ll find your state appraisal board does. In fact, you’ll find the board uses this phrase a lost. Given that, let’s spend some time on what the phrase means how we appraisers must comply with it. “From your workfile” means just that. Under USPAP’s
From Your Workfile – TAA Podcast 150 Read More »
USPAP doesn’t mention time adjustments. They are not useless or unnecessary. Measuring and analyzing changes in market conditions are critical and fundamental to real estate appraisal. Indeed, they are the foundation of an accurate opinion of value. This is simply because such a value conclusion has as its base a specific date in time. This
USPAP Doesn’t Mention Time Adjustments – TAA Podcast 149 Read More »
