Gold Supporting Member
- May 2, 2002
- Professional Status
- Certified General Appraiser
update the "recognized" appraisal methodology
In another thread, @fcrecords suggests updating them. So what would that look like? I've always assumed, as an opinion, it would be based, like law, on the construct of regulation (USPAP) interpreted by the past history of text, research and published methodologies (like "case law") that have been created before and found acceptable to our peers. This doesn't mean arbitrary one size fits all, rather various publications from recent past tend to build upon the old masters with new interpretation. The accepted thrive, old ideas evolve or fall by the wayside.