AQB, DEI, College Degree & Comment Period

[Non Sequitur]

To be fair I'd wager a lot of non commercial appraisers are not experienced with narrative reports.

But it goes against the AI narrative that most residential appraisers were trained poorly because all they trained to complete were lending form reports. But here we are, millions of dollars to develop a class to fill out form reports.

 

[shrubberyvaluation]

But it goes against the AI narrative that most residential appraisers were trained poorly because all they trained to complete were lending form reports. But here we are, millions of dollars to develop a class to fill out form reports.

Great point

 

[Mark K]

To be fair I'd wager a lot of non commercial appraisers are not experienced with narrative reports.

I'd go so far as to bet that its a large majority of them. I know that I appraised several thousand residential properties before I wrote my first narrative.

 

[George Hatch]

To be fair I'd wager a lot of non commercial appraisers are not experienced with narrative reports.

There's no reason for them to be proficient with the clean-sheet narrative mode of report writing. So far. They have never needed that level of flexibility to add/delete or move stuff around.

As I read it the new UAD will apparently break free of the small comment field sizes on the existing GSE forms while at the same time all-but-eliminating the use of ANY addenda in a report. You're going to say everything you have to say about your SC analysis in that section of the report, not in an addenda. Same for all of these sections.

A commercial narrative might include 20 pages of boilerplate about regions and cities and such which most readers will never have reason to read; and they tend to include instructionals for how to understand the appraisal process and some of the hot spots therein. Those summaries are omitted from the forms because all the users know how to read them and what the process is supposed to look like. But the actual writing that's specific to the subject valuation n a narrative often isn't any more extensive than what many SFR appraisers use in their reports.

In my view the other big difference with narratives is that they are more unstructured and as such are sometimes harder for readers to find what they're looking for. A comment or decriptive field in a form that is left blank shows as a blank. Doing that in a narrative is invisible - it's not even there to appear as a blank or accidental omission, but is simply not there to begin with.

 

[Non Sequitur]

I'd go so far as to bet that its a large majority of them. I know that I appraised several thousand residential properties before I wrote my first narrative.

I don't disagree. My point is one of the points the PAREA salesman pounded on was the supposed overall poor training of residential appraisers, notably being trained for forms only. Now that's what PAREA is training the next generation for, and the larger joke is the forms are going bye-bye soon.

 

[George Hatch]

I don't disagree. My point is one of the points the PAREA salesman pounded on was the supposed overall poor training of residential appraisers, notably being trained for forms only. Now that's what PAREA is training the next generation for, and the larger joke is the forms are going bye-bye soon.

What a dumb talking point for them to be making. What would have been the point of teaching an SFR appraiser in 2005 how to write narratives as a minimum skill when you know for a fact most of them will never have occasion to write an actual narrative. The new forms aren't narratives, either. They're still forms; they just have bigger comment fields. It's a standardized format and layout where the HBU analysis or the exposure time analysis or the sales history analysis or the land sale analysis or the rent survey will always appear in the same spot and will still be analyzed in the same manner from one report to the next and regardless of who the appraiser is or where they might think that element should otherwise be addressed. Thus reducing the "easter egg hunt" that readers now sometimes have to engage in to find what they're looking for.

It's still a form. It's just a bigger form with a more logical and consistent layout. The last one wasn't really bad, it's just that this one is a little better, particularly for the readers.

 

[Terrel L. Shields]

a lot of non commercial appraisers are not experienced with narrative reports.

They have never needed that level of flexibility

Still it should be a requirement for licensing - any license level. Forms are rarely as flexible as writing it yourself. But to operate in a narrative world, you need to understand what a word processor can do, and how to create templates and merge documents.

 

[Mejappz]

I don't disagree. My point is one of the points the PAREA salesman pounded on was the supposed overall poor training of residential appraisers, notably being trained for forms only. Now that's what PAREA is training the next generation for, and the larger joke is the forms are going bye-bye soon.

TAF needs to go. No appraisal reform can happen with them still in the picture.

 

[George Hatch]

Did you ever get around to figuring out what "appraisal reform" would look like to you? And how "appraisal reform" would benefit you?

 

[Mejappz]

Still it should be a requirement for licensing - any license level. Forms are rarely as flexible as writing it yourself. But to operate in a narrative world, you need to understand what a word processor can do, and how to create templates and merge documents.

While they're at it, they might want to consider adding a section on how to download a CSV file from their MLS. Just saying.