The terms normal course of business and what your peers do that are left undefined are esoteric crap much like the term--How much does a hen weigh? Of course some of you probably think you know the answer to that!!
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Realtors Manipulating The Market.
- Thread starter Dirty Harry
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What if the normal course of business and what my peers are doing locally are not the same as what we do? Who is to be judged as doing it correctly? Where are these local methods posted so I can determine what due diligence constitutes here. I have attended numerous local appraiser group meetings in the past and have even ocasionally consulted with other local appraisers on a particular issue and have gotten either the it depends answer or the bullshat standard answer that they do the full monty effort ie... the textbook answer that I know they are lying about. There are maybe 1 or 2 other local appraisers that we "think" we can trust to get a straight answer from but do they constitute the what would your peers do?
CANative
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No sooner said than done!
Imagine if that get out of jail free card was not in there. It might take years to complete an appraisal without it.
Not sure what your point is here, but I think it's more like a -we'll put you in jail if any one or more of your un-defined peers are doing something different card. So sorry to put you in jail but your peers are doing something different aka they have 45 page addendums or they believe everything that a realtor tells them about the terms of the sale.
ZZGAMAZZ
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Mr. Boyd:
What do you mean "no sooner said than done?"
Wonder if the "how peers do it" concept has ever been court-tested? It must have been and the details would be interesting.
As for the defintion of "esoteric"--that's an interesting point you made!!!!!
What do you mean "no sooner said than done?"
Wonder if the "how peers do it" concept has ever been court-tested? It must have been and the details would be interesting.
As for the defintion of "esoteric"--that's an interesting point you made!!!!!
Stone
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SANDY - I think your overall fear of USPAP is not necessary. I would guess you have no problem doing what is required and this regular worrying about the writers of USPAP and all the burdens they have put upon us is unnecessary. I'm not sure why you consider USPAP so burdensome, but I just have little doubt from your postings here that it is all that much of a problem for you.
Quick aside - every so often I go through a period where I have a lot of trouble "pulling the trigger" on my final opinions of value. I'm not talking only on difficult assignments and this just drives me nuts. I just hem and haw for long amounts of time on things that I've proven to be quite valid. Or at least reasonably valid. I have to remind myself after doing this for some time, that it is part of the job and I may be wrong, but so what? If I let that continue, then this cannot be a job that works for me.
I would say a similar thing to you. Stop worrying so much about USPAP. Do what you believe to be right and get past feeling shackled all the time. USPAP isn't nearly the burden you believe it to be, so move on and just do what is necessary to produce a good report. Most of the things you seem to worry about are things you do/would do anyway.
Edit to add - I'm out of here for the weekend (wedding in Crookston, MN) so I won't likely be responding again. I have some work details to get straight and then we are leaving. Have a good weekend, all.
Quick aside - every so often I go through a period where I have a lot of trouble "pulling the trigger" on my final opinions of value. I'm not talking only on difficult assignments and this just drives me nuts. I just hem and haw for long amounts of time on things that I've proven to be quite valid. Or at least reasonably valid. I have to remind myself after doing this for some time, that it is part of the job and I may be wrong, but so what? If I let that continue, then this cannot be a job that works for me.
I would say a similar thing to you. Stop worrying so much about USPAP. Do what you believe to be right and get past feeling shackled all the time. USPAP isn't nearly the burden you believe it to be, so move on and just do what is necessary to produce a good report. Most of the things you seem to worry about are things you do/would do anyway.
Edit to add - I'm out of here for the weekend (wedding in Crookston, MN) so I won't likely be responding again. I have some work details to get straight and then we are leaving. Have a good weekend, all.
CANative
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Don't appraisers go to court frequently to offer expert testimony regarding appraisal issues? Don't appraiser conduct appraisal review assignments every day? Aren't these examples of the process of measuring credibility on what peers would do in a similar assignment?
No. That was not my point. The point is that "the writers of USPAP" understood that while some things are important they may not be important enough to delay services to a client for so long that the service is of no use to the client or in the extreme, causes harm to the client.
Webbed Feet
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Mr. Barclay,
What is worse when posting a link to information for other people? Also posting with that link an incorrect interpretation of the information, or leaving out a crucial part that means just the opposite of what was posted due to not presenting the entire concept at hand with the meaning relative to the discussion?
I recommend you go back and read that page five conclusion, specifically the second sentence of it in the link I have provided below, over again. After that, I encourage you to post a retraction as I have to conclude you were reading some different page five than the page five at my board's web site on this matter. Interesting as the Oregon Real Estate News-Journal is quoting the orginal document I am presenting a copy of for you. I'll give the link I am using below.
http://oregonaclb.org/media/concessionsopinion.pdf
Webbed.
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Greg:
Ok I see what your saying now-good point about the delay thing. But I think you might get an argument that confirming conditions of the sales used is important enough for some delay. The question is-what defines due diligence and what is the definition of what your peers do. I don't like my license exposed to these un-defined terms especially when the specific problems associated with obtaining such info are well known to the USPAP writers--all I ask is for some due diligence on their part to flesh it out a little, give me/us something to hold onto instead of letting us twist in the wind-they owe it to eveyone out there trying to make their living at this profession. They owe it more to you folks than a lowly trainee like me.
Protect the public like it says your supposed to.
Ok I see what your saying now-good point about the delay thing. But I think you might get an argument that confirming conditions of the sales used is important enough for some delay. The question is-what defines due diligence and what is the definition of what your peers do. I don't like my license exposed to these un-defined terms especially when the specific problems associated with obtaining such info are well known to the USPAP writers--all I ask is for some due diligence on their part to flesh it out a little, give me/us something to hold onto instead of letting us twist in the wind-they owe it to eveyone out there trying to make their living at this profession. They owe it more to you folks than a lowly trainee like me.
Protect the public like it says your supposed to.
Tom Barclay
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Webbed,
I should not have included that the OREA and the AG's position was the same, as clearly they are not. The link to the OREA was intended to show what the Broker is being told by the Real Estate Agency, that the information can be disclosed with the permission of their client. But they are under no obligation to do so, and in my experience most are reluctant to do so. So it should not be considered to be confidential, but you need to get permission to disclose it.
I should not have included that the OREA and the AG's position was the same, as clearly they are not. The link to the OREA was intended to show what the Broker is being told by the Real Estate Agency, that the information can be disclosed with the permission of their client. But they are under no obligation to do so, and in my experience most are reluctant to do so. So it should not be considered to be confidential, but you need to get permission to disclose it.
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