More On Free Comp Checks

[Hamlet]

Prove that I said it - you can't. I'm supposed to have some internal moral definition of what an appraisal is and never cross that line? Sorry, I don't see USPAP as the holy grail of appraising.

I suppose if I said I was going to rob the bank at the corner I've committed a robbery. Words do not a crime make and words do not necessarily an appraisal make. Get used to it.

I spoke against a benchmark??!! Anytime you speak against a benchmark you've committed an appraisal? That's ridiculous and you know why? I never mentioned a number. No numerical value was expressed by me in my saying "that's doable" - no appraisal. Letter of the law bud. An appraisal happens when a numerical value is expressed by ME, not by anyone else. Why? Because I'm the only one in that conversation that can legally do an appraisal.

So please stop lying - thanks.

You agreed to the "number/benchmark" that was mentioned. You used your knowledge and skill to make the determination that number that was told to you was "doable". That is an appraisal, bud.

 

[Offshore]

Ed is from WA, not CA. He was merely trying to twist another jurisdiction's rules into something which he thought supports his argument.

I realized that, which is why I pointed out if he's using COREA's views as a resume enhancer he may want to consider updating it.

 

[fifteen]

Steve - for the last time and I won't discuss this again. In time you'll all come around to the literal translation and the conclusions I've reached as have many others. You can do comp checks all day long and filter data all day long but as long as you don't numerically express a value or range of value to a client it's not an appraisal. How you numerically express it is of the utmost concern and is the definition of appraisal. If you send a note with a value or value range on it, or you send MLS comps that show filtering by you that suggests a value or range of value or if you state a value publicly and not privately - then and only then is it an appraisal that can be proved in a court of law. A paper trail is needed 99% of the time for proof in a court of law. 100% of the time a value or value range expressed as something written by you or delivered by you (MLS comps) makes it an appraisal. It must be numerically expressed by you as you are the appraiser - not someone else with a benchmark. Comments about a benchmark do not make an appraisal. Remember - a value or value range has to numerically expressed BY YOU for an appraisal to happen and overwhelmingly proof of a numerical expression is written.

I'm a little too busy for this crap today, wise up you knuckleheads (and I say that with love). Have a good day!!

 

[Ken B]

Steve - for the last time and I won't discuss this again. In time you'll all come around to the literal translation and the conclusions I've reached as have many others. You can do comp checks all day long and filter data all day long but as long as you don't numerically express a value or range of value to a client it's not an appraisal. How you numerically express it is of the utmost concern and is the definition of appraisal. If you send a note with a value or value range on it, or you send MLS comps that show filtering by you that suggests a value or range of value or if you state a value publicly and not privately - then and only then is it an appraisal that can be proved in a court of law. A paper trail is needed 99% of the time for proof in a court of law. 99% of the time a value or value range expressed as something written by you or delivered by you (MLS comps) makes it an appraisal. It must be numerically expressed by you as you are the appraiser - not someone else with a benchmark. Comments about a benchmark do not make an appraisal. Remember - a value or value range has to numerically expressed for an appraisal to happen and overwhelmingly proof of a numerical expression is written.

I take it that you couldn't find anything in USPAP that actually agrees with what you have underlined.

My job here is done.

 

[Mr Rex]

Calculate the density of an apprazur. Solve for x

x/id = iot

 

[PropertyEconomics]

LO : We need a value in the $250k range. Me (Apprazur) : What's the least you can work with and I'll have a look. LO : Well, really we only need $190k. Me(Apprazur): Yeah, that's doable assuming the property is as how you've explained and it's not needing repairs. LO : Cool, get your $750 from the HO and if there's any problems give me a call. Me : Okie dokey

See, it's not an appraisal because a value or range hasn't been expressed. A benchmark of $250k yes, but there was no numerical expression by me of a value that could be proved in court. In otherwords, I didn't send an e-mail with a value and I didn't write him a note with the value or range. It wasn't "numerically expressed" to the point where it could be proven that a specific value or range of value was conveyed. It's another case of he said vs he said. If there's more than 2 parties that hear your expression of value than that could be construed as an "appraisal" as it's more than just the word of one person against the word of another person. I do understand your miscomprehension with the term "numerically expressed". Numerically expressed means a conveyance in written form of an analysis. My scoping out the market around the subject doesn't qualify for 2 reasons. As Greg said there's been no contract decided yet between us for an assignment and the value wasn't "expressed" in the terms in the spirit of which the doctrine (USPAP) was written. I'm not going to argue this point, we've gone over it plenty of times already. Ca. agrees with me and that's enough for me. It's not enough for you, fine.

You need PROOF for there to be an appraisal.


OK - I'm starting to think you're just scrwein with me lol. You need proof to claim anything.

He stated the number and you agreed with it ... now please stop telling others they are telling lies .... you referenced the number in your agreement it was doable ......

This is an appraisal as defined by USPAP ... if you have any references that it is not .. cite them or move along your happy comp checking way.

 

[PropertyEconomics]

I haven't heard anyone say that a "comp check" free or not, is an appraisal. If you chose which comparables to use you have determined a value range. That is an appraisal and you must fulfill all of the requirements of USPAP for an appraisal.

Steve .. I have made the statement several times that a comp check IS an appraisal. Its allowed by USPAP as it IS an appraisal.

Standards 1 and 2 must be met by the APPRAZUR, not by choice but by mandate.

 

[PropertyEconomics]

Prove that I said it - you can't. I'm supposed to have some internal moral definition of what an appraisal is and never cross that line? Sorry, I don't see USPAP as the holy grail of appraising.

I suppose if I said I was going to rob the bank at the corner I've committed a robbery. Words do not a crime make and words do not necessarily an appraisal make. Get used to it.

I spoke against a benchmark??!! Anytime you speak against a benchmark you've committed an appraisal? That's ridiculous and you know why? I never mentioned a number. No numerical value was expressed by me in my saying "that's doable" - no appraisal. Letter of the law bud. An appraisal happens when a numerical value is expressed by ME, not by anyone else. Why? Because I'm the only one in that conversation that can legally do an appraisal.

So please stop lying - thanks.

I dont think we are telling lies .... you have admitted you spoke it .... you just say we cant "prove it" .... now that is the moral high ground you are taking there.

 

[Stone]

Calculate the density of an apprazur. Solve for x

x/id = iot

When I solve for that, I get a zero.

Apparently, benchmarks are too difficult for apprazurs to understand, so they are just ignored. I wonder what other parts of USPAP don't exist in appraizul land?

 

[PropertyEconomics]

Calculate the density of an apprazur. Solve for x

x/id = iot

Sorry Stone ... I came up with a negative number .... I wonder if I forgot to change signs or something?