Another pet peeve

[CGinMN]

Experience is just the sum of one’s practice up to that point in time, which includes developing adjustments and approaches many, many times over. Developing something you already know the answer to is often unnecessary, so instead, the appraiser relies on experience. I don’t see anything wrong with it as long as you are constantly refining and updating your professional knowledge. You can usually tell by the balance of the work product whether that experience is worth anything or not.

 

[George Hatch]

The buyers and sellers in the market are working off THEIR cumulative exposure to the data, and they are backing their opinions with their own money. The brokers are working off of their cumulative exposure to the data. How does that become a problem when appraiser who is doing nothing but analyzing sales data for the value attributes?

I've said this for years: A busy SFR appraiser who is working to specs is analyzing for value attributes more sales transactions in 2 weeks than the average broker is actively analyzing in a year. 5x more than a repeat property buyer is analyzing in their entire lives.

Show some respect for that.

What is our judgement comprised of if not the result of all the analyses we have ever performed on these problems?

Strictly speaking "show your work" is an SR2 related question. If I'm reviewing a report that is omitting something I need to say it that way (report doesn't mention) as opposed to saying the appraiser didn't perform that analysis. All I can actually see is what the report contains, not what was actually going into the appraiser's SR1 analysis.