Modern Appraisal Language (objective vs subjective)

[Terrel L. Shields]

all these agencies can change names and labels at will anyways,

Not here. The ledge gets involved. So every so often it goes through a process of renaming. Our board was independent agency and is now lumped with several others under an umbrella group. And Oklahoma runs under the insurance commission. But your licenses gets vetted by the OK Tax Commission to make sure you paid your taxes. It's worse in many other agencies. The (elective) OK Corp Commission runs the oil and gas permits, but the production reports for oil go thru that same OK Tax Commission, whereas the records for gas wells goes thru the OCC. Missouri has a dept. of labor overseeing RE and appraisers.

 

[Functional Obs]

So saying superior or well-maintained is now flagged as being possibly biased?

What are appraisers using in terms of less loaded language? Or are many sticking to their old ways.

Perhaps once, by an underwriter helper who didn't read your entire rec... I use "superior" and "inferior" all the time. One property is better or worse than another one. Or it's about the same (similar).

Check out the new Effective Report Writing from the Appraisal Institute. It ought to help you with some ideas and definitely improve the overall report.

 

[J Grant]

I believe the standard is when using comparative language is to provide a benchmark. Saying X property is superior can be construed as an opinion of possible bias. However, saying /x property is superior because it is CBS vs wood frame construction, or superior because it was recently remodeled provides a fact-based comparative ranking,

 

[Terrel L. Shields]

although 56 hours every 4 years is too much.

The quality of CE has deteriorated substantially since licensing was initiated. No longer are the concerns on furthering the methods and techniques of appraisal, rather the focus is on compliance to the PTB, how to avoid suits and complaints, etc. Nothing on doing a better job of accurately valuing anything.

 

[Sadie]

But that's what the C rating in the grid does...it's there all by itself.

By the powers that be with their logic, if no explanation is provided, the appraiser is biased against the subject by rating Comp #3 a C3 to the subject's C4 (given my previous example).

I'm not bashing on you Sadie, I'm just stating the obvious and the ridiculousness of this current trend.

You need to make it easy for the reader to understand your adjustments. Just stating something is inferior or superior puts in the area of opinion. If you explain why its superior or inferior, then you have an explanation for why. Heeding this advise may keep you out of appraiser jail. Why so much push back?

 

[Sadie]

How would you prevent the property valuation inspectors from being influenced to hit a number and or make the value? Which umbrella would the pvi's be under? NAR? A new entity? Licensure? Continuing education?

They are under no umbrella unless they are sharing the appraiser's umbrella. My umbrella is my own, no sharing.

 

[TerryRohrer]

The questions and recommendations I most often see surrounding what CE classes to take pertain to how easy it might be, can I fill out a form report while it plays on another screen, and is there a coupon code.

 

[djd09]

let's just write down a number and be through...