New USPAP Q&As published March 6, 2025

[Mejappz]

Do you read the long pages of terms and conditions from companies protecting their as*?
15 page addenda appear to be way of appraiser "hiding' something or not being outright.

 

[DWiley]

You are better off specifying in the new forms quantitative adjustments rather than trying to argue that "adjustments" in the URAR cert = quantitative adjustments and has always meant quantitative adjustments. Adjustments in appraisals have ALWAYS been either quantitative or qualitative.

Are you one of the people working on the new forms?

Adjustments are, by definition, quantitative.

 

[Fernando]

Just as I thought. You don't read the pages.
And you expect the reader to read 15 pages of your addenda.
I always KISS. All appraisers should too.

 

[Joe Flacco]

Adjustments are, by definition, quantitative.

There are many threads about quantitative vs qualitative adjustments. The profession disagrees with you.

 

[CGinMN]

Adjustments are inherently quantitative. A "qualitative adjustment" is an oxymoron.

Adding a "+" or a "-" is not adjusting the price. Hence, it is not an adjustment; rather, it is an indication of how that price will be considered, relative to the subject and/or other sales that are considered in the analysis.

The window example provide earlier is a mix of quantitative and qualitative analysis.

Misnomers…. Oxymorons… Of course if this is true, then “quantitative adjustment” is a redundancy with an unnecessary modifier since all adjustments are quantitative. Funny how terms used by appraisers for decades would lose their meaning once the word police at the GSEs get involved.

 

[DWiley]

Misnomers…. Oxymorons… Of course if this is true, then “quantitative adjustment” is a redundancy with an unnecessary modifier since all adjustments are quantitative. Funny how terms used by appraisers for decades would lose their meaning once the word police at the GSEs get involved.

Has nothing to do with any “word police”. Just read the definitions of “qualitatitive” and “quantitative”

In qualitative analysis there are no adjustments, it relies instead on rankings and comparison. No “adjustment” is made to the price of the comp in a qualitative analysis.

 

[DWiley]

View attachment 97596

There are many threads about quantitative vs qualitative adjustments. The profession disagrees with you.

I never said that qualitative analysis was invalid. I only pointed out that there are no adjustments made in qualitative analysis. The fact that others use incorrect terminology, even if they use it on AF, does not make it correct. Your argument is with Webster - not with me.

 

[Joe Flacco]

Has nothing to do with any “word police”. Just read the definitions of “qualitatitive” and “quantitative”

In qualitative analysis there are no adjustments, it relies instead on rankings and comparison. No “adjustment” is made to the price of the comp in a qualitative analysis.

Here is one of our highly regarded peers discussing qualitative adjustment.

 

[CGinMN]

A lot of terms in appraisal come from finance and economics. “Adjustment” is one. These fields have no problems using the term “qualitative adjustment.”

 

[J Grant]

It seems to me that quantitative adjustment might be more of a generic figure of speech rather than literally, meaning an adjustment was or was not made.

In addition to the textbook definition of ranking and comparison, it could indicate that a qualitative item which is not "provable" as an adjustment still gets considered as adding or subtracting from the market appeal and that translates to value - like extra landscaping or the latest design trend in finish or style of architecture, more light in a corner unit, etc.-