The New USPAP

[George Hatch]

Under time constraints, many appraisers take "short cuts" in not doing a more thorough analysis as they should be doing.

So those are not the appraisers whose conduct establishes the benchmark for what is/isn't an acceptable SOW decision.

MeJappz and I may both know how to do it, but if I'm not performing then my actions don't comprise the baseline for what it takes to do that assignment properly. Not to lose sight of the point that it's a 2-part test which also includes the expectations of users who would normally use such an assignment. Again, not all users and not what their expectations are for all assignments; but rather the subset of users who would use this type of assignment.

 

[Fernando]

So those are not the appraisers whose conduct establishes the benchmark for what is/isn't an acceptable SOW decision.

With lender work, some clients expect fast turnaround times and peers work differently than those who have more time to do more analysis.
It's not an excuse but that's how it is.

MeJappz and I may both know how to do it, but if I'm not performing then my actions don't comprise the baseline for what it takes to do that assignment properly. Not to lose sight of the point that it's a 2-part test which also includes the expectations of users who would normally use such an assignment. Again, not all users and not what their expectations are for all assignments; but rather the subset of users who would use this type of assignment.

 

[andrew81]

So if my peers do it the wrong way by majority, it's acceptable?

How can you read the words "expertise" and "competency" and believe that means doing it wrong is acceptable?

Either you purposefully do not read the words in front of you or there is definitely a comprehension issue which leads to you having a lack of competency.

 

[djd09]

How about the use of “Peers”? If I did some of the things my peers did, I would probably have my license revoked. Lol

peers...they mean the competition...like the waivers...hey dw, do the waivers meet users exceptions

 

[Fernando]

How can you read the words "expertise" and "competency" and believe that means doing it wrong is acceptable?

Either you purposefully do not read the words in front of you or there is definitely a comprehension issue which leads to a lack of competency.

Sometimes when I see an appraisal done by another appraiser, I can see how I can do it better. Fernando sees better comps than my peer who grabbed less appropriate comps.
Many appraisers do it a certain ways as they were taught. Fernando sees different angles in more creative ways in getting to the answer.

 

[andrew81]

Sometimes when I see an appraisal done by another appraiser, I can see how I can do it better. Fernando sees better comps than my peer who grabbed less appropriate comps.
Many appraisers do it a certain ways as they were taught. Fernando sees different angles in more creative ways in getting to the answer.

Again, ignoring the topic of discussion by using self-gratification to justify your lack of basic comprehension.

 

[Fernando]

Each property assignment is unique and I see in my head how to deal with it. Must be the artist in me.

 

[Terrel L. Shields]

How can you read the words "expertise" and "competency"

Well...how many times do we someone specify "geo-competency" and that's not necessary. "Competency" is required. And by imposing that upon the appraiser, they have ways to obtain "competency" although FNMA does not allow it. You have to be "competent" from day one. But that leaves a question. When no appraiser, no textbook, has "competency" in a specific instance, is that property un-appraisable? And if so, how will it ever be valued? Wasn't that the situation in the Wold case in Alaska? The unique property was deemed to have been incompetently valued by no less that CG 001... but the court disagreed. And the old Supreme Court case from the 30s seconded that. Mere lack of sales didn't make a property impossible to value nor did it make it worth zero. (The argument being that the taxes should be zero because the value was zero when a company closed its doors in a one-company town.)

 

[Dublin ohio]

Well...how many times do we someone specify "geo-competency" and that's not necessary. "Competency" is required

So what are the "subsets" of competency. If you have never appraised a certain type of property. Would you consider yourself "competent" to appraise that property. If you had never appraised a property in a certain "geographical area". Would you be "competent" in that geographical area. Just askin'

 

[Dublin ohio]

Each property assignment is unique and I see in my head how to deal with it. Must be the artist in me.

If you can't amaze them with ability. Baffle them with BS