Any Luck Getting Realtors To "show Their Work" When Computing GLA?

[berniek]

There is no mandated national standard for real estate agents to measure. Each state might make a recommendation of a method, but it is not mandatory to use.
It is different for appraisers to my understanding, where ANSI standards are the norm.

 

[J Grant]

There is no mandated national standard for real estate agents to measure. Each state might make a recommendation of a method, but it is not mandatory to use.
It is different for appraisers to my understanding, where ANSI standards are the norm.

Most of them don't measure , for liability reasons.

 

[berniek]

Most of them don't measure , for liability reasons.

In the absence of any training and standards, who can blame them?

 

[Eli]

Most (many times anyway)of the time here, if it is a sold listing and it has occurred in the last year or two, the agent posts the appraiser's GLA on the MLS sheet after it has closed. The MLS is going to report the appraiser's GLA anyway along with a code identifying the appraiser to members, if the appraiser provides it to the board of realtors.

And Realtors know the appraiser who appraised it for the sale because they are required to report it by the board of realtors.

I'm sure the board of realtors sees it as like a check and balance. It helps appraisers.

 

[berniek]

Most (many times anyway)of the time here, if it is a sold listing and it has occurred in the last year or two, the agent posts the appraiser's GLA on the MLS sheet after it has closed. The MLS is going to report the appraiser's GLA anyway along with a code identifying the appraiser to members, if the appraiser provides it to the board of realtors.

And Realtors know the appraiser who appraised it for the sale because they are required to report it by the board of realtors.

I like that.
In Colorado, I used appraisers measurements whenever they were available and the source data was disclosed in the square footage disclosure.

 

[Eli]

I like that.
In Colorado, I used appraisers measurements whenever they were available and the source data was disclosed in the square footage disclosure.

The realtor don't tell the source, but many or most just use the sppraiser's GLA after it has closed. Not always, but enough to help appraisers.

The board of realtors here has a history of board members who are both realtors and appraisers. The board member holds both licenses in some cases. Of course the board of realtors handle many arguments through arbitration. But like JGrant says, liability is central to many policies.

 

[Howard Klahr]

It is different for appraisers to my understanding, where ANSI standards are the norm.

The is no appraisal standard. ANSI is not a mandated standard that is available to agents and appraisers alike. I don't agree with it as a standard but anyone can choose to use it.

 

[CANative]

GLA is only one element of comparison and not even the most important element. I don't think most buyers even consider it in that way. Maybe FannieForms should just use G1, G2, G3, G4, G5 and G6.

 

[Eli]

GLA is only one element of comparison and not even the most important element. I don't think most buyers even consider it in that way. Maybe FannieForms should just use G1, G2, G3, G4, G5 and G6.

Really? What if two brand new houses built by the same builder side by side and one is 2200 sf GLA and one is 4500 sf GLA?

Same quality. Same car storage and other elements of comparison. What about the cost approach and income approaches? What about extraction methods for land value or depreciation? I could go on.

 

[bnmappraisal]

Maybe FannieForms should just use G1, G2, G3, G4, G5 and G6.

don't give them ideas, CAN. It's already bad enough with the C and Q ratings.
It also (personally) drives me nuts regarding the "improvements" section with Kitchen and baths the: <1 yr, 1-5, 6-10, 11-15
I can only imagine what the "G1-6" ratings would look like and that's not a good image IMO.