Understanding HC's and EA's

[Renee Healion]

And yet every appraiser has to take a USPAP update class. HC and EA are prominent in USPAP. Even assuming mediocre pre-licensing education, how does one escape an exposure every two years without getting this squared away? Maybe seven hours do not need to be spent on the tweaking that has occurred in the last two years but some of it on the basics.

 

[alebrewer]

And yet every appraiser has to take a USPAP update class. HC and EA are prominent in USPAP. Even assuming mediocre pre-licensing education, how does one escape an exposure every two years without getting this squared away? Maybe seven hours do not need to be spent on the tweaking that has occurred in the last two years but some of it on the basics.

I'm not sure I'd say 'prominent' - at least as regards the 7 hour course. Haven't taught the 'new' course yet, but as I recall, most of the time is delegated to case studies and USPAP updates.

 

[Renee Healion]

Yes, it is not the mission of an update to secure the basics. Just thought it would be a service and well-positioned as it is so frequent and mandatory.

 

[alebrewer]

Yes, it is not the mission of an update to secure the basics. Just thought it would be a service and well-positioned as it is so frequent and mandatory.

agreed - unfortunately, they don't allow much deviation from the agenda. That's not to say that some bit of extra time could be devoted - and I believe the time would be well spent.

 

[CANative]

And yet every appraiser has to take a USPAP update class. HC and EA are prominent in USPAP. Even assuming mediocre pre-licensing education, how does one escape an exposure every two years without getting this squared away? Maybe seven hours do not need to be spent on the tweaking that has occurred in the last two years but some of it on the basics.

USPAP has lots of definitions and basic rules for the use of EA's and HC's but does not contain a lot of examples and scenarios. The few samples they do present are not particularly relevant to the everyday house appraiser. I think it is the practical application and lender intended uses that get many appraisers so confused about this issue.

I sort of fixed it for myself by reading all the time. But I don't have a life, so...

 

[ZZGAMAZZ]

Just the amount of interaction on this thread should be sufficient to induce agreement with the OP that classess on the topic(s) would be VERY helpful for a LOT of appraisers.

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More valuable advice in this thread than 100 CE classes IMNSHO:

All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.
All work and no play make ZZGAMAZZ a dull boy.

"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."
"This is the value if the property is brought into compliance with the lender's underwriting criteria."

Amen.

 

[ZZGAMAZZ]

USPAP has lots of definitions and basic rules for the use of EA's and HC's but does not contain a lot of examples and scenarios. The few samples they do present are not particularly relevant to the everyday house appraiser. I think it is the practical application and lender intended uses that get many appraisers so confused about this issue.

I sort of fixed it for myself by reading all the time. But I don't have a life, so...

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I am ZZGAMAZZ otherwise [proudly] known as "the everyday house appraiser."

 

[CANative]

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I am ZZGAMAZZ otherwise [proudly] known as "the everyday house appraiser."

Me too. Well, except for the ZZGAMAZZ part.

 

[George Hatch]

Ain't none of us born knowing how to do this gig. It's 100% learned material.

One of the benefits of personal interaction is that we can find multiple ways to explain or demonstrate the same thing. If one approach or explanation doesn't work then we can just move on to another one that will work. I can ask if something makes sense of if everyone is with me so far or if anyone has any questions. A canned text or course doesn't have the flexibility.

I know I keep saying this, but there are certain things we do as appraisers that are difficult to explain to someone outside of the context of the common experience. Meanwhile, we teach the QE courses to the raw recruit who doesn't have those common experiences with IRL examples, so that's why so many of these things might appear arbitrary to them until they come back later and put some thought into why they're doing what they're doing. .

 

[ZZGAMAZZ]

USPAP has lots of definitions and basic rules for the use of EA's and HC's but does not contain a lot of examples and scenarios. The few samples they do present are not particularly relevant to the everyday house appraiser. I think it is the practical application and lender intended uses that get many appraisers so confused about this issue.

I sort of fixed it for myself by reading all the time. But I don't have a life, so...

------------------

As a take-away from the Dos Equis TV commercial about "The World's Most Interesting Man," I am "The World's Most Boring Man." Missed Super Bowl while typing

Ain't none of us born knowing how to do this gig. It's 100% learned material.

One of the benefits of personal interaction is that we can find multiple ways to explain or demonstrate the same thing. If one approach or explanation doesn't work then we can just move on to another one that will work. I can ask if something makes sense of if everyone is with me so far or if anyone has any questions. A canned text or course doesn't have the flexibility.

I know I keep saying this, but there are certain things we do as appraisers that are difficult to explain to someone outside of the context of the common experience. Meanwhile, we teach the QE courses to the raw recruit who doesn't have those common experiences with IRL examples, so that's why so many of these things might appear arbitrary to them until they come back later and put some thought into why they're doing what they're doing. .

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I don't want to wear out my welcome here, however . . . I finally think I got the total implications of the HC, including the impact on effective-date valuation. HOWEVER, I don't understand the implications of CB4, like why would an appraiser want to call for an inspection by a competent tradesperson if the appraiser doesn't think it is needed . . . or is it saying that the appraiser isn't sure whether the observed issue is a problem, because if that's the case I do, indeed, understand the verbiage and the intent. If so, does the scenario exist that theh DEU obtains the advice of a professional with specific expertise, who indicates that a problem does not exist, with the results being provided to the appraiser to clear the CB4, or is it ALWAYS cleared between the tradesperson and underwriting?