Fannie messed up with ANSI

[Fernando]

Measuring with ANSI and the 2021 ANSI Update
Thursday, May 12th | 12pm-4pm CT
4h Live-Virtual CE | $109.95
Instructor: Hamp Thomas

Thanks, I'm good.
Only issue that's confusing is the below and above grade levels in determining total room count when the below grade levels have all the bedrooms.

 

[sputnam]

In the form the word grade is defined as the level of the ground, not the quality of the building. I suppose some appraisers interpret it in different ways, such as quality level the same as the subject, but I always thought it meant under ground. I suppose one could interpret it either way and there is some confusion on this... If it's similar quality, adjust the price at the same price per SF. As long as it's the truth. They just haven't gotten appraisers to all do it the same way so it's messing up their AVM ways to data mine us out of a job. They will never get the agents to do it, so good luck trying to get this type of compliance. I already decided to do it like this years ago.

The only appraisers who don't understand that 'below grade' refers to the ground level are appraisers who haven't been properly trained.... And, there are some. In the context of square footage, it's never meant quality. Just another example of why having a hands on mentor is so important for new-ish appraisers.

 

[Fernando]

The only appraisers who don't understand that 'below grade' refers to the ground level are appraisers who haven't been properly trained.... And, there are some. In the context of square footage, it's never meant quality. Just another example of why having a hands on mentor is so important for new-ish appraisers.

I thought that was a joke. Even I'm not that dumb to think below grade means quality and I wasn't properly trained.

 

[Terrel L. Shields]

In the form the word grade is defined as the level of the ground, not the quality of the building. I suppose some appraisers interpret it in different ways, such as quality level the same as the subject, but I always thought it meant under ground.

It would be a simple matter for FNMA or even USPAP to define GRADE as one or the other, or GRADE as ground level (like civil engineers do) and to specify that if referring to quality it is called QUALITY GRADE.

 

[Terrel L. Shields]

And, there are some. In the context of square footage, it's never meant quality

That is not a commonly defined term in many books therefore, in a legal definition words have meanings and if not specified in a glossary or definitions, it can be misinterpreted. No small number of court cases hinge of undefined terms. That's why a "gloss" was created centuries ago.

 

[sputnam]

That is not a commonly defined term in many books therefore, in a legal definition words have meanings and if not specified in a glossary or definitions, it can be misinterpreted. No small number of court cases hinge of undefined terms. That's why a "gloss" was created centuries ago.

You're right. It's not the way the word is commonly used. Every industry has terms that are defined differently for the profession. It's not intended to be understood in the same way by people outside the industry. And that is fine. For example, in law, 'should' means the same thing as 'must'. For the rest of us it means 'ought to'.

 

[djd09]

standing in the rain, with his head hung low, couldn't get a measurement, it was muddy show, heard the roar of ansi, he could picture the crying, put his tape to the wall, then like a donkey he kept on trying

 

[Carnivore]

You, like many appraisers, still don't get it. ANSI changes the way how we call the square footage of a house.
If the GLA are below grade, there's no GLA. You have to put it on a separate line. It's not intuitive and nonANSI readers will be "confuse".
Stop thinking like a Fannie Mae appraiser and think how a report should be understandable and not misleading for the public.
I always believe in making things simple and ANSI complicates the reporting process.

Am I the only one who sees the flaw in what ANSI has done to how we do our reports.
Good thing I'm not a reviewer because if I follow ANSI by the book, y'all appraisers need to do the GLA correctly.

What Flaw? Seriously, you simply do not understand USPAP. Specifically; Definitions: Intended Use and Intended User(s); Scope of work; Physical Characteristics; Relevant Characteristics etc

I could go on and on, but your hopeless so why would I?

 

[Terrel L. Shields]

 

[djd09]

2.2 Finished Area
An enclosed area in a house that is suitable for year-
round use based upon its location, embodying walls,
floors, and ceilings that are similar to the rest of the
house.

what does that even mean "based on location"? wtf