Uad

[Doug Wegener]

Under view some of the choices are "City Street" and another "Residential"?

Huh. Usually a house with a city street view also has a view of the house across the street. Do they really expect both choices to be marked?

The form needs some redesigning.

 

[residentialguy]

One of many. Let's throw out UAD.

Do I hear a second?

 

[J Grant]

Put in "other", then you can type in a word of choice.

Cumbersome and annoying.

 

[Lost Cause]

One of many. Let's throw out UAD.

Do I hear a second?

You've got it.

Why the heII are we writing reports in code, anyway? As far as I am concerned the UAD requirement violates USPAP. The Uniform Standards require that appraisals be reported in a manner that can be understood. It's clear the GSEs have the same kind of respect for USPAP that we see from Chase Bank.

 

[Jo Ann Meyer Stratton]

I use the "other" in almost every one of my reports. Since my comparables can range from next door to 35 miles from the subject it could be any thing; mountains many times, some times desert or farmland, etc, panoramic, etc, etc. Same with location, designers of form were thinking of tract subdivisons so cul de sac, corner, etc, etc was what they had in mind. Again because of distances I type in the name of the city or village or area, not the location within the subdivision. In my area the location within the subdivision has no affect on the market.

 

[Rich Heyn]

USPAP requires that assignment results be communicated in a manner that is meaningful and not misleading to intended users. If the client, typically the only intended user in UAD assignments, is requesting a report written in the language of the UAD, it seems safe to assume that the client can understand the reporting conventions.

 

[Tom Woolford]

I just had one yesterday that had an amazing view of a Nursing home, though the subdivision was all residential except for that. Obviously I used Other and described.

 

[residentialguy]

USPAP requires that assignment results be communicated in a manner that is meaningful and not misleading to intended users. If the client, typically the only intended user in UAD assignments, is requesting a report written in the language of the UAD, it seems safe to assume that the client can understand the reporting conventions.

LOL...yeah, that's why they want the UAD abbreviations explained sheets included.


And please, never associate UAD with "meaningful and not misleading"

 

[Sid Holderly]

The UAD'ers were not country folk or know what a small town is. A corn field of 600 acres is not locally considered pastoral and most small towns in rural areas are fully within earshot of railroads or major road intersections. Sometimes the highest price sales are next to the railroad or highway. One gets tired of explaining to a desk person in a building of 10,000 people what normal rural density is.

 

[Tejus]

USPAP requires that assignment results be communicated in a manner that is meaningful and not misleading to intended users. If the client, typically the only intended user in UAD assignments, is requesting a report written in the language of the UAD, it seems safe to assume that the client can understand the reporting conventions.

Then why are many clients requiring pages and pages of UAD definitions to be included in the report?

I refuse to include the UAD definitions in my reports for the reasons identified above and the UAD definitions are available from the UAD authors. The UAD definitions clutter the reports, bloat the report and open the Appraiser to liability due to the lack of definitions for everything else in the report.

This is another example of a GSE decision which lacks common sense.