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 […]
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USPAP and (un)intentional omissions? What does that mean? Unintentional omissions makes sense. But why would an appraiser intentionally omit something? And that’s the question. Why would the appraiser intentionally omit the analyses of the cost approach from the appraisal? And why would the appraiser intentionally omit the results of those analyses from the report? These
USPAP and enough iterations. What does that mean? Really, it relates to what is in your workfile. Or, what is supposed to be in your workfile. OK, what is supposed to be in the workfile? Everything. But that answer is too general and too ambiguous really to mean anything. Let’s see if we can be
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USPAP and the NICK. What does that mean? Has a reviewer ever told you some part of your report was not right? Gave you a hard time on it? Told you to re-do something? That’s the nick. But there is help! There are ways to avoid the nick in the future. Read on! When we
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USPAP and ammunition? What does that mean? We appraisers have made it too easy for our critics to shoot at us. Not only that, we appraisers supply our critics with the ammunition! One of the major points of contention we have with our critics is that since appraisers determine a property’s value then, in neighborhoods
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USPAP and sharp saws? What do USPAP have to do with sharp saws? Things are slow right now, right? Volume of orders is less than it was even two months ago, correct? So, now you have some free time. Read some books. Listen to some podcasts. Take some classes. That’s what you do when you
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When it comes to USPAP and neighborhood analysis, many appraisers think such an analysis is a waste of time. After all, every house in the US is near shopping, schools, houses of worship, entertainment, and recreation, right? But what does Fannie Mae say about neighborhood analysis? She makes her demands really clear in section B4-1.3-03,
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USPAP and the neighborhood. This may be hard to understand. USPAP does not even use the word neighborhood in Standards 1 and 2. So how can neighborhood analysis be even minimally important? For that, we have to forego USPAP and go straight to the Fannie Mae Selling Guide. Section B4-1.3-03 covers the subject’s neighborhood and
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Is it time to expand and diversity your appraisal business? USPAP and non-traditional appraisals may be just the proper answer you’ve been looking for! In this podcast we do not discuss hybrid or desktop appraisals. We’ve already done that. Instead, in this podcast we consider expanding and diversifying your business by accepting assignments from other
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Appraisers rightly ask a lot of questions about USPAP and desktop appraisals. These desktop assignments have been around literally for decades. They were not common in non-GSE appraisal work, but were the norm for other types of appraisal and valuation assignments. After all, sometimes the appraiser must put boots in the living room. And other
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