2024 USPAP - "Personal Inspection" definition revised

[Carnivore]

I think I am beginning to grasp why this has been brought to the forefront.

AO2 is AO2. Doesn't matter what USPAP version(year). been around. It is a common problem because of the potential SOW issues. Also another issue is AO 26 readdressing. Again this could be a SOW issue and now throw in Confidentiality and other related issues.

So it's all coming down to cost of our services. Yes, every one is paying attention to cost. Yes, they want to beat us up on our fee's. I am not opposed to reducing my fee for a loyal client or a new Direct assignment client . OTOH I don't give a rats patooey about the AMC Leeches. Like GH has said above as long as the Client agrees to that retrospective Inspection date and you include the below everything is cool. It is their risk to take.
Say what you do, do what you say.

I quote GH "I did not personally inspect this property for this assignment. I did previously inspect the interior/exterior of the property on 03/12/2023 while performing a previous appraisal assignment. This appraisal is based in part on the assumption that the property attributes and conditions have not significantly changed in the interim. If this assumption is incorrect it would have an effect on my opinions and conclusions."

So how far back is reasonable? Since lenders are from almost any state now. They may not know what is happening or happened in your market. Sure they can see stuff on a national level. It is their risk to take. The house may not even exist anymore due to a weather event or a house fire. Google Earth does not update daily. Again, so sorry not my problem.

Side Question: I have never seen a Property Data Report aka pdr. Does it have the date Harry inspected the subject? My guess is it doesn't. I think thats problematic. I mean since everyone is getting cost conscious, it would not surprise me to learn these PDR's can begin to get quite old.

 

[Zoe]

I think there's a distinction between what I know of the property as a result of seeing it in the past vs what I actually did/didn't do during the course of this assignment.

It seems to me that the only reason this can even be a problem for appraisers is to the extent they are using the pre-printed forms with the hard-wired verbiage about did/didn't inspect. I have 100% control over the verbiage in my narrative and form formats so I can always say what I mean about the situation regardless of the specifics. But only because I have that level of control and flexibility.

If the various forms designers haven't already adjusted their forms to this tweak it would be appropriate to do so now as a means of enabling appraisers the flexibility it takes to use these forms in different situations.

Yeah, the pre printed forms do conflict with USPAP.

I think the OP is just trying to stay as clean as possible.

 

[Carnivore]

I have not experienced the new online version of the 1004. That change may already been incorporated. If not it would not be hard to do that.

 

[Mark K]

I get that Tiffany, we were just po'd at the dude because of his blatant disrespect for the class members and Instructor.

Maybe he realized that it was mostly a waste of time and money to site thru 7 hours of class when the changes only took 20 minutes to discuss.

I've completed the "7-hr" online USPAP class in under two hours. Maybe I should've just stared at a blank screen for the next five hours.

 

[Zoe]

Maybe he realized that it was mostly a waste of time and money to site thru 7 hours of class when the changes only took 20 minutes to discuss.

I've completed the "7-hr" online USPAP class in under two hours. Maybe I should've just stared at a blank screen for the next five hours.

TN has changed their rules. We require 28 yours CE every two years.

Originally with Covid, they required 14 hours live CE online and 14 hours online you could complete without being live online.

They changed it now where you can do all online at your pace without live instructor.

The two 7 hour CE classes I got free through OREP E&O insurance took

me longer than 7 hours to complete each class at my own pace.

USPAP was historically that way when I took it without a live instructor.

It took longer without a live instructor.

This time the 7 hour update USPAP class went easier than previous versions.

I have not taken latest version yet. I took the last version for 2022-2023.

Actually, I think I took 3 through OREP that I had not had for free.

I only had to pay for one 7 hour CE class. It was USPAP.

Those OREP classes are tough. Some of their questions were not exactly right.

You can get feedback from them during the classes if you ask for it.

I know I got the answer right but it said it was wrong but the explanation proved what
I answered was right. I think I put a comment in the remarks at end of class.

 

[Dublin ohio]

The two 7 hour CE classes I got free through OREP E&O insurance took

me longer than 7 hours to complete each class at my own pace.

Why am I not surprised

 

[Tiffany Gibbons]

TN has changed their rules. We require 28 yours CE every two years.

Originally with Covid, they required 14 hours live CE online and 14 hours online you could complete without being live online.

They changed it now where you can do all online at your pace without live instructor.

The two 7 hour CE classes I got free through OREP E&O insurance took

me longer than 7 hours to complete each class at my own pace.

USPAP was historically that way when I took it without a live instructor.

It took longer without a live instructor.

This time the 7 hour update USPAP class went easier than previous versions.

I have not taken latest version yet. I took the last version for 2022-2023.

Actually, I think I took 3 through OREP that I had not had for free.

I only had to pay for one 7 hour CE class. It was USPAP.

Those OREP classes are tough. Some of their questions were not exactly right.

You can get feedback from them during the classes if you ask for it.

I know I got the answer right but it said it was wrong but the explanation proved what
I answered was right. I think I put a comment in the remarks at end of class.

Come to Murfreesboro and take it with Mike Orman teaching on 01/18/2024 at the Holiday Inn Express! We're guaranteed to have feedback and maybe time for war stories. Litigation Appraisal is next day!

 

[Terrel L. Shields]

Come to Murfreesboro

I like Murfreesboro. I am trying to remember where Mark Lewis had his ASFRMA class I attended some 20 years ago. Maybe the Ag building on campus. My nephew got his BA degree there. I guess some of my ancestors didn't like it as well. Captured by Nathan Bedford Forrest himself at Thompson's Station.

 

[Terrel L. Shields]

Those OREP classes are tough. Some of their questions were not exactly right.

I found several erroneous answers on their classes on FHA

 

[Carnivore]

Spoke with Bob our Local AQB Guy yesterday. He does a local in person USPAP Class. In his email you have to bring the following


1. New 2024-2025 7 Hour National USPAP Student Manual

2. New 2024 USPAP

3. New 2024 USPAP Reference and Guidance Manual

What is strange about this is that I, and not all but many others in my state were never notified by our state to order these manuals. The reason we have
to pre-order is because our state pays for all the above and they handle all shipping cost to each active appraiser. That disappoints me because although I retired my license is still active. I like getting together with all of my local appraiser friends. Times have changed. We no longer rely on one another to seek help on a tough assignment.

Oh, well. It's the way this industry has changed and it's not necessarily a good thing. We are a 100,000 +/- individual little islands.