ANSI® Z765-2021 Addendum Content

[OG80]

Anyone have a clear simple paragraph that they are using in their report to show compliance with Z765-2021 that they would be willing to share with us?

 

[JDJR]

Been trying to find something as well with no luck.

 

[Dublin ohio]

I am going to keep it simple. Just say what you did and per what standard. Why make it complicated. Maybe something like: Unless otherwise stated. Subject's GLA calculated using measurements per ANSI standard Z765-2021

 

[CGinMN]

When applicable, measurements and calculations made by the appraiser are based on the standards outlined in Square Footage - Method For Calculating: ANSI-Z765-2021.

If you feel the need to hedge, which you shouldn’t, add:

The appraiser is competent in measuring based on the standards outlined in ANSI-Z765-2021, however accuracy is not guaranteed. Readers of this report should refer to the USPAP Competency Rule, which states “Perfection is impossible to attain, and competence does not require perfection.”

 

[shrubberyvaluation]

When applicable, measurements and calculations made by the appraiser are based on the standards outlined in Square Footage - Method For Calculating: ANSI-Z765-2021.

If you feel the need to hedge, which you shouldn’t, add:

The appraiser is competent in measuring based on the standards outlined in ANSI-Z765-2021, however accuracy is not guaranteed. Readers of this report should refer to the USPAP Competency Rule, which states “Perfection is impossible to attain, and competence does not require perfection.”

I don't like the 2nd statement as it could be construed as an excuse to measure wrong rather than an excuse for being off by 1/10th of a foot.

 

[DWiley]

Anyone have a clear simple paragraph that they are using in their report to show compliance with Z765-2021 that they would be willing to share with us?

If one reads the required disclosure statements in the Z765-2021, it would seem impossible to craft a generic statement that would apply in all cases. Was it possible to get all exterior dimensions via direct measurement, or did the design of the home, or the terrain, mean that some measurements had to be estimated? Was it a new build where you used plans/specs? Those things all affect the required disclosure.

Some of the required disclosures (e.g. breakdown of above grade and below grade areas) are covered by the basic form content.

 

[CGinMN]

This is my understanding based on my reading. I haven’t taken a class and have no special knowledge.

-I agree that the required above/below/finished disclosures are covered by the form.

-The 3 “special” disclosures are only included in those situations when they’re applicable, so appraisers need to know when that is. These need to be added when they apply and removed when they don’t.

-A general statement that informs readers that ANSI is the basis when it is indeed the basis - NOT, for example, when the opt out code is used - is not necessary. However, don’t be surprised when lenders include an overlay requiring some type of comment.

Are there other required disclosures?

 

[TJSum]

I am going to keep it simple. Just say what you did and per what standard. Why make it complicated. Maybe something like: Unless otherwise stated. Subject's GLA calculated using measurements per ANSI standard Z765-2021

Actually ANSI does not use the term GLA, so using that term implies ANSI was not followed. This is one of the issues that needs to be addressed in our statement regarding ANSI.

 

[Dublin ohio]

Actually ANSI does not use the term GLA, so using that term implies ANSI was not followed. This is one of the issues that needs to be addressed in our statement regarding ANSI.

Read it again. I did not say the GLA was ANSI. I said the measurements were

 

[Alsie35]

Here's the basic language I've been using on simple properties where all the measurements could be obtained. (I'll craft some appropriate exceptions to it when I run into them - which I hope is not often.)

MEASUREMENTS WERE OBTAINED USING THE ANSI Z765-2021 STANDARD METHOD.