The word "Average" in the improvements section - possible bias?

[Dale Floyd]

The ERC needs to be properly trained that "Average" shouldn't be an option either I suppose.

 

[Fernando]

maybe i'll just do a line a post instead.
i've gotten lazy with the capital letters. fast typer, but faster ignoring those caps. with me it's productivity. maybe not useful, but saying it faster.

It's very distracting in conveying your message. You have to do better.

i know you were a regression major in college.
hard to understand philosophical appraisal thoughts being a math major, it's a different side of the brain. but have no fear king, just let the masses mumble on.

I was taking math class pass linear algebra in college and doing well til I realized my major wasn't math.
I wanted to make money and so I got into finance and real estate.

 

[J Grant]

In the Guide it is listed only as a subjective term, not as a code word.

Imo, this distorts the intent of USPAP, which says the appraiser must act in an objective and nonbiased manner.

USPAP does not say anything about the appraiser not using so-called "subjective " words in an appraisal.

Calling good or average, etc, subjective is incorrect. These are commonly understood words that market participants use and are understood by users, clients, and readers. The only time it would be a problem is if, like anything else in an appraisal, it is used in a misleading or inappropriate manner, such as "good" used to describe a property with leaks and deferred maintenance.

The sales comparison approach, which is the basis for most SFR appraisals, is a COMPARISON, so how can one make comparisons among properties or market areas without using comparative terms?
I understand we can use these words good avg etc, if we provide a context, but what kind of context statement is necessary?

 

[J Grant]

An appraiser applying their knowledge, expertise, and data analysis to comment or rank is not the same as being "subjective"

 

[Fernando]

Real good appraisers have no problem using average and good and not making it sound subjective.
Not everyone can be a real good appraiser and some need a step by step guidebook in doing and writing an objective report.

 

[DWiley]

USPAP does not say anything about the appraiser not using so-called "subjective " words in an appraisal.

 

[RCA]

View attachment 89709

Reminds me of this video:

 

[J Grant]

View attachment 89709

Thanks for posting the exact verbiage,
however, it does not say anything about the appraiser not using so called subjective words in the appraisal ( these words were labeled recently by the GSE's as subjective; IMO, they are comparative words)

 

[Fernando]

Most of the No No words labled by GSEs, I don't use. So no big deal and rather common sense not to use it.
I can see some having a problem for those who use coded words.

 

[J Grant]

Most of the No No words labled by GSEs, I don't use. So no big deal and rather common sense not to use it.
I can see some having a problem for those who use coded words.

It makes sense for them to list code/bias words - but not to label simple comparison terms like good or average subjective.