Contest:
I've found several likely USPAP violations on the example appraisal submitted by Mr. Wiley. I'll give you one to get started: Sale No. 3 adjustment for financial concessions. The report does not state what those concessions were, how it impacted the sales price, nor how the adjustment was developed. Kind of misleading isn't it.
Can anybody find the others? Should these errors be addressed at the VA Board Meeting? It certainly speaks to the credibility issue of "I was the chairman of ASB and I know everything about USPAP" argument. Should the report be sent to TN Appraisal Board and/or the professional organizations?
Or can the claim be made it was only for educational purposes and an appraisal report doesn't need to be USPAP compliant when it's just made up, even though its been submitted to a State Appraisal Board?