Does your appraisal business have a website?

[MrLA]

Lol. You guys are hilarious. USPAP states don't go where you are not competent. Staying in areas where you are very familiar with helps big time. Knowing local agents and interviewing them on high and low sales helps big time. Doing the right pre research and having established relationships with agents helps big time. Use title sources, MLS, and online sources. You ever knock on a door and interviewed the owner for a fsbo sale? That's what we get paid for.

 

[MrLA]

Lazy appraisers are the parasites of this industry.

 

[MrLA]

K back to work. 3 inspections. 4 type ups. Almost done. 2 types ups left. I love new construction. Lol. Slow day on the front end. Only 3 new deals. Who the hell where your mentors? I knock on doors if I need rental info or whatever. What happens if MLS has no info? You guys reject orders? Lol. I have done some commercial work too. One has to be very persistent to get some info with the brokers, warehouses, etc.

 

[George Hatch]

Lol. You guys are hilarious. USPAP states don't go where you are not competent. Staying in areas where you are very familiar with helps big time. Knowing local agents and interviewing them on high and low sales helps big time. Doing the right pre research and having established relationships with agents helps big time. Use title sources, MLS, and online sources. You ever knock on a door and interviewed the owner for a fsbo sale? That's what we get paid for.

USPAP does not say that.

Your other points for not having to start from scratch on everything you do are valid, but in some ways it's better to enter every assignment with an open mind. WRT the local data, "knowing" isn't as important to the appraisal process as is "developing".

 

[MrLA]

Ok. Last type left. Got 3 deals done. Ez. 2.4k.

 

[MrLA]

USPAP does not say that.

Your other points for not having to start from scratch on everything you do are valid, but in some ways it's better to enter every assignment with an open mind. WRT the local data, "knowing" isn't as important to the appraisal process as is "developing".

Competency rule. If you are not competent you can ask for professional assistance from a real professional. Disclose it and you are good.

 

[MrLA]

Two pages long just for my legal decription.

 

[MrLA]

Just got my 4th deal of the day. Doing one day turn times. Get the deal, inspect it the next day and turn it over same day. Lol.

 

[George Hatch]

Competency rule. If you are not competent you can ask for professional assistance from a real professional. Disclose it and you are good.

The fact that you are struggling with this topic AND supervising trainees is....concerning.

This is what USPAP actually says:


"can perform the assignment competently". Which will be demonstrated in the workproduct by actually performing the assignment competently.

If I know I can drop into a new-to-me neighborhood and perform the assignment competently then I can meet this requirement.


So "don't go where you are not competent" isn't a USPAP issue in particular. However, the GSEs have an additional requirement for the pre-existing market familiarity in Cert#11 - which that's what you're thinking about. That pre-existing familiarity is a user-driven requirement, not a USPAP requirement per se.

Nor is "asking a REAL professional" the only manner in which an appraiser can develop that competency. Matter of fact, if you or me or any other appraiser is working in a new-to-me area and we don't end up being more familiar with the total amount of relevant data than 90% of the RE brokers who work that area then we're screwing up. We're supposed to know what we're talking about in our appraisals.

 

[Mejappz]

Just got my 4th deal of the day. Doing one day turn times. Get the deal, inspect it the next day and turn it over same day. Lol.

Good job, Mr. LA; you give the users what they want and need.