The New USPAP

[Dublin ohio]

It's there in USPAP. You see, you have difficult time finding the reference.

Can't find what's not there

If Fernando has hard time reading it, many other appraisers have same problem

So a personal problem for more appraisers

 

[Dublin ohio]

Most of it doesn't apply to us working for lenders.

So why worry about it. 3 Standards apply to real estate appraisals. 2 if you don't do reviews. Try reading what it says. Instead of what you feelz it says or want it to say

 

[Fernando]

So why worry about it. 3 Standards apply to real estate appraisals. 2 if you don't do reviews. Try reading what it says. Instead of what you feelz it says or want it to say

The 3 Standards applied to real estate appraisals should be combined in fewer pages so many appraisers can have better understanding instead of flipping through so many pages. Gives me a eye and head pain searching.

 

[Dublin ohio]

The 3 Standards applied to real estate appraisals should be combined in fewer pages so many appraisers can have better understanding instead of flipping through so many pages. Gives me a eye and head pain searching.

Some people are just slower readers than others. Just how it is

 

[Charles West]

Some people are just slower readers than others. Just how it is

It's that MBA thing.

 

[Fernando]

Some people are just slower readers than others. Just how it is

I took speed reading class in High School. Didn't really help.

 

[Fernando]

It's that MBA thing.

When USPAP first came out, it was harder than MBA thing. Just when you think you understand it, then it changes in few years.
And I say what I learned in past was wasted.

 

[Dublin ohio]

I took speed reading class in High School. Didn't really help.

Obviously

 

[Fernando]

It's that MBA thing.

USPAP made it too legalese and later Comments and Advisories for interpretation. That's not right.
I take that back. Legalese is more precise in its language with terms clearly defined.

 

[George Hatch]

If an appraiser testifies in court that they could not confirm a sale with the buyer and seller because they could not find them, but the opposing attorney's appraiser, did, in fact, track down a buyer or seller just because they happened to know them personally, and obtain information that the other appraiser said they could not get "in the normal course of business"....do you think the judge isn't going to weigh one over the other? And if it was a critical error - say the first appraiser assumed the interior condition was average - but the latter appraiser found out the place was trashed - do you think the first appraiser's lawyer has a case to send to the board?

And will the board say they didn't do their due diligence (try harder next time)? Or will they say they should have withdrawn from the assignment (competence)? Or will the board give them a 'bye' on the issue (we accept that you could not find the info out)?

Why are you constantly in search of the arcane exception to the rule, and what argument are you trying to make? Why would you even assume an outside sale would alter an outcome in an appraisal or a legal proceeding?

Appeals courts exist because the lower courts sometimes make an error. Does that mean we should be considering retiring either the law itself or the lower courts because one of them might read it incorrectly?

I've never gotten into trouble even once for anything I did in an appraisal and I routinely work on appraisal problems which are far more complicated or scarce on data than most SFR appraisers are ever going to run into. The key to staying out of trouble in this business is dirt simple - don't tell lies in your reports, don't try to advocate for anyone's interests and don't rely on generic boilerplate that doesn't apply to your appraisal problem.