Using MLS Photos

[TRESinc]

FAQ 175 in current USPAP.

it's 176 too, last line of the response.

 

[Meandering]

Irrelevant. I do valuation services (not acting in the role of appraiser) which involves highly complex commercial property. Thousands in a year. For six years. I've only left my uncomfortable chair and visited a subject property less than 5 times. I'm very successful at this (measured by the number of times I've convinced another appraiser to see it my way. Appraisers who live and work within a mile or less of a property.) So I understand that one doesn't have to physically inspect anything to produce credible results..

Will you please get your CG already?? I'm waiting years to see you achieve this. Where's Denis, can't he mentor you?

But that's not the point. For GSE lending the expectation, stated in their forms and selling guides, is that the appraiser is going to make an observation of the comparable properties, in person, from at least the street. I supposed they don't say something like "the appraiser must drive to the comp and take the picture instead of viewing images from a website" because it is too stupid and it hasn't occurred to them that appraisers would rationalize not living up to the expectations with such BS. You're mixing up the inspection discussion in USPAP with client/intended user specific requirements.

Not from the street. I can see my comp from my bedroom window. Don't bet I'm gonna, nor am I required to, run out there in the street. Because of the elevation difference. I have a better view from my bedroom window.

 

[Meandering]

Given the certification on the 1004, the question is irrelevant.

I forget,

Does the pre-printed certification say to ignore the pre-printed purpose??

.

 

[Ahhhh Yeahhhh]

Viewing photos of a property is just that - viewing photos. The requirement is to inspect the property, not photos of the property. The ASB issued an FAQ explaining that to people who were applying an "alternative" reality.

Nope... The AQB responded to a question regarding the pre-printed SOW on some obscure form. The person posting the question did not quote the 1004 directly, but rather quoted either some other form or his misguided interpretation of the form. The AQB's response to the question is however correct.

Furthermore, FAQ 175 is in regards to a PHYSICAL inspection of the subject. The SOW on the 1004 in regards to the comps does not say PHYSICAL, VISUAL, MICROSCOPIC OR MANUAL. It simply says inspect which leaves the door open for the appraiser to choose the method that is most appropriate.

 

[TRESinc]

Nope... The AQB responded to a question regarding the pre-printed SOW on some obscure form. The person posting the question did not quote the 1004 directly, but rather quoted either some other form or his misguided interpretation of the form. The AQB's response to the question is however correct.

Furthermore, FAQ 175 is in regards to a PHYSICAL inspection of the subject. The SOW on the 1004 in regards to the comps does not say PHYSICAL, VISUAL, MICROSCOPIC OR MANUAL. It simply says inspect which leaves the door open for the appraiser to choose the method that is most appropriate.

you need to read USPAP, FAQ 175 and 176.

 

[Meandering]

it's 176 too, last line of the response.

176. DOES INSPECTION OF SUBJECT PROPERTY MEAN A PHYSICAL INSPECTION?

We were talking about subject properties???????????

I thought we were talking about comps.


175. INSPECTION OF SUBJECT PROPERTY

Again I thought we were talking about comps.

Oh but I guess you're trying to refer to this part???



Response: No. A physical inspection of the interior of the property is not the same as a physical inspection of
photographs of the interior of the property. It would be misleading for any appraiser, including ...


So viewing from the public street has now been elevated to the level of a physical inspection???

 

[Peter LeQuire]

I've just gotten a call from Lilly Von Schtupp.

 

[Peter LeQuire]

Furthermore, FAQ 175 is in regards to a PHYSICAL inspection of the subject. The SOW on the 1004 in regards to the comps does not say PHYSICAL, VISUAL, MICROSCOPIC OR MANUAL. It simply says inspect which leaves the door open for the appraiser to choose the method that is most appropriate.

Poppycock!

 

[CANative]

O scar
C harley
D elta

 

[CANative]

Poppycock!

Balderdash!