Help, they are picking on me.......Well, I will stand on this hill and defend it. FIRST, I would like to state that many of us (I include myself) are really not as smart as we think we are. I see folks on here criticizing other folks 3,000 miles away over bedroom and GLA adjustments when we really are clueless about specific markets. One thread comes to mind about bedroom adjustments in NYC. Idiots from BFE were know-it-alls about a city where efficiency apartments rent for $2,000/month.
Appraisers who enter the profession with an appropriate education when to use a form, and how to choose an appropriate report format..........
Spud,
For the first four years of my training I never filled out a form. We didn't use forms. I was taught the appropriate techniques of appraising but it was in the form (pun intended) of narrative reports. The forms made sense to me once I started using them in that what we did narratively the forms provided check boxes. I don't think you can make a wide stroke of judgment like that considering there are many commercial appraisers who have not ever filled out a form except to get the license. Are they not trained or competent?
........As for "Licensed appraisers who have been professionals for many years," I agree with you for the most part, and certainly in principle. However, between HUD no longer finding them acceptable, and many states no longer issuing the "Licensed" category of appraisal license it would certainly create an opening for opposing counsel.....
There is a local Licensed guy who has worked this market for 20 years. I have read his work. He has done work for me. Why, because his stuff is a whole lot better than a lot of the CR stuff I have seen.
The licensed guy has been approved by the state and has proven himself credible. Your argument about license level could potentially harm you.
Do you inquire as to whether the appraiser who is on the other side of litigation is Certified General since he would have a higher license level than you and could use that to open the door for opposing counsel?
........I would love to have seen the clients face when the poster told the client, "I don't know how to report such an appraisal, but I will ask on an Internet forum" as USPAP would require. :new_all_coholic:......
I read about a lot of forms on this forum and I have no clue what most of them are. 1025, 442, 1075, 1065.......whatever they are. Operating statements, duplexes, rent surveys, blah, blah, blah. I have only filled out the 1004, GP form and Relocation forms. If I come on here and ask what is the form for an operating statement or a 2-4 unit building will I get the same responses?
I will put my operating statement up against any form and I can explain the line items such as Reserves for Replacement, market derived vacancy and collection and building utilities.
I believe a rent survey is one of the forms used........my assistant is doing one right now for an apartment complex. The competing rent survey properties each have take 1/2 page. We are using a form that I created. Because I do not know the property Ala Mode form does that make the guys at CB Richard Ellis less qualified?
I few times I have PMed folks on this forum asking about some of the jargon used here because I am not accustomed to many forms. One of those people is the Duck....since I bought up the duck...
.........Well, as you claim, once given a license or certification it should be fair for the public to assume the person really is a "Professional" in his or her field. Unfortunately, that statement and reality don't match up most of the time. I think the public would be much better off if we all made it clear that obtaining a license or certification is just the beginning, instead of the end, of striving to become a professional........
Yes, but are we not over doing it here? The question is about a form and which one is appropriate. If I ask what form to use for a 4-unit property am I automatically an idiot? Cause guess what? I don't know what form that is. Never used one. I have appraised 4-unit properties and they were done narratively.
Are we saying that the MAI at CBRE who takes on an estate appraisal for a friend and asks on this forum what form to use is not a credible and qualified appraiser?
Michigan.. I sort of disagree with your reply. GSE appraising is a specialty. Private appraisals for things like asset management and dissolution maters are also specialties. There are more important issues than what type of format the appraisal is to be reported on.
The OPs simple question as to what form to use implies that the OP has a bigger problem to solve than how to report the appraisal.
It is appraising a house. The form is different, the technique is much the same and the value conclusion should be the same.
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My assistant just gave me back her review of today's assignment. A 100-year old house with 4 acres of obsolete greenhouse improvements, a 7,200 SF pole barn on 78 acres of which 35 is tillable.
What form should I have used? :new_smile-l:
If he actually has an assignment, I would love to have seen the clients face when the poster told the client, "I don't know how to report such an appraisal, but I will ask on an Internet forum" as USPAP would require. :new_all_coholic:
