More On Free Comp Checks

[Michigan CG]

Damn, Evans is using BIG WORDS ......

Extrapolation is a big word, and in this economy most likely pertinent for appraisers. However that is another debate.

I thought maybe a larger font would help those who cannot see the forest because of the trees that were planted 20 years ago.

 

[fifteen]

I didn't say $190k was doable if you read it you'd know that.

"$190,000 is doable." That is a number, and a guarantee. Appraisal per USPAP.

 

[fifteen]

That's pretty hilarious Ed !!

if you believe this value is doable, press the * key on your touch tone phone...

if you believe this value is not doable, press the # key on your touch tone phone...

Here at Loans-R-Us, we don't want apprazurs performing apprazuls until we know if they can make the deal work. No numbers expressed.

 

[PropertyEconomics]

I didn't say $190k was doable if you read it you'd know that.

Ahhh but you are ignoring what you did say arent you? Kindly address .. EXPRESSED ...... and what you DID SAY which was an expression toward a value used as a benchmark and offered to you by the LO ....

Im waiting.

 

[Webbed Feet]

Apprazur,

You are going to crash and burn in front of your state board like SO hard on this one man!! ... A = B X C is a numerical expression !!!! And absolutely no digits were used in it! ... You are hung up thinking digits have to be used. Not so. A client can use an abtract and you could be caught in having done a real estate appraisal. For example: "Is that subject property worth at least as much as a brand new (model number here) BMW?".... Appraiser: "Yes, it is worth at least that much" = a real estate appraisal!

Just because in the above the appraiser failed to follow the SOW Rule and identify the "value" definition being asked to be used, or intended use, so therefore did not use an expression in terms of dollars does not mean the appraiser avoided the bullet on a later determination that the appraiser expressed an opinion of value. It only means the appraiser violated even more parts of USPAP in the process.

Look, when even posters like Mr. Evans is trying to get through to you with a font that large, it's seriously time to back up and rethink your position. I'll try to help you one more time. I've been licensed in Washington, I've made phone calls to the Washington board, I know their views so mirror the Oregon board views that you really, really, need to call your board about this before you go on thinking the way your posts seem to show you are thinking. Value does NOT need to be expressed in terms of dollars or digits for an appraiser to have expressed an opinion of value. You've gotten yourself trapped in form think versus USPAP think.

 

[Offshore]

Apprazur some have been unduly harsh on you. I would to take this
opportunity to be grateful for what you may have given us all, the HVCC. Thanks. :icon_idea:

 

[fifteen]

A numerical value was expressed as a benchmark - at least $50k. Therefore the qualifications for an appraisal have been fulfilled as filtering is done by the appraiser to obtain a range of value for this client and say with any certainty that at least $50k is doable. Without a numerical expression somwhere in the equation there is no appraisal. You mistate that no verbal numerical value or range of value was expressed - that it was implied. $50k is not an implication it's a numerical expression. Otherwise, we agree. There has to be a numerical expression of value somewhere in the equation. However, it should be pointed out that this is all verbal communication and wouldn't stand up in a court of law. He said he said. If it wouldn't stand up in a court of law how could it legally be considered an appraisal? Written maybe would be proof? Some people seem to think that the use of words alone are enough to qualify as an appraisal. Silly huh.

A lender asks you, "Will 123 Main St appraise for at least $50,000?" If you answer the question with either yes, or no, you have EXPRESSED an opinion toward that value and communicated an opinion toward that benchmark as set by the lender. You have communicated a value. It is not written, it is not even verbally numerically expressed. However, you have IMPLIED a numerical expression of more than or less than the benchmark. Therefore, you have performed an appraisal (either USPAP compliant or not)

If any appraiser cannot accept that understanding, then he/she does not need to try to set up an appraisal business in the state of Georgia because that is how the GREAB views it.

 

[fifteen]

You guys are too used to run on sentences it appears and don't know how to break up run on sentences into their subset components. I won't say thick headed or stupid, but definitely challenged.

Webbed, without some numbers associated with your A=B X C equation there is no numerical expression. It's just letters.

Definition of Numerical Expression

• The term “numerical” means “involving numbers” and the term “expression” means “phrase”.
  A numerical expression is a mathematical phrase involving only numbers and one or more operational symbols.

 

[Stone]

You guys are too used to run on sentences it appears and don't know how to break up run on sentences into their subset components. I won't say thick headed or stupid, but definitely challenged.

Just hilarious.

 

[fifteen]

Enjoying your ride on the short bus I see, ehh Stone

Just hilarious.