Where Do You Think "geographic Competency" Begins And Ends?

[Joe Flacco]

It's not 1-2 and 1-3 makes you geo-competent.

 

[George Hatch]

If you make a SOW decision

no such competence is required by USPAP.
It is no standard at all when usurped by FHA, VA, & Fannie and their own special rules. Why bother with USPAP when it is a hollowed out shell and Fannie dictates form, function, & even competence to TAF. As the broken record I am, You cannot serve two masters. And Fannie instructions are clear but hardly "supplemental" to USPAP. They superseded them knowingly.

If you were to visualize all the requirements and expectations of any assignment performed under USPAP as looking like a pyramid, USPAP would comprise the base layer of that pyramid and all the other elements - including those emanating from the state licensing programs - would be add-on modules that are assignment-specific, meaning applicable only to some but never to all. Meaning, it is not now and never has been a choice between USPAP vs any of these user requirements. Particularly when considering the point that one of the requirements in USPAP is that the appraiser does conform to these additional expectations and requirements when present.

 

[timd354]

And it always seems to be the same Condescending people who interject, suggest and run amok calling OTHER posters kooks, idiots and/or conspiracy paranoids within the the threads.

It is what is...a good bit of what gets here on is simply just crazy and an embarrassment to the profession and a lot of the craziest stuff is posted by the same people on a regular basis and I am not going to apologize about pointing out the absurdity of some of what is posted. If that makes me condescending in your view, that's fine with me

 

[J Grant]

For those who ask the question, or who are struggling to find an answer, what do we do with this:

The market value definition references well informed or well advised buyers and sellers...how can an appraiser be less well informed about an area than the typically motivated buyers and sellers active in the area ?

 

[timd354]

Your showing paranoia.

Your dreaming. .

Such awesome statements coming from you, Eli.....just perfect

 

[George Hatch]

First off, I think it's important to go back to the fundamentals of the structure of USPAP. The COMPETENCY RULE applies to assignments in general, same as the ETHICS RULE, the RECORD KEEPING RULE, the SOWR and JE RULE.

The SRs are performance standards for specific types of assignments that outline the expectations of what it takes to competently perform those assignments. If you failed to identify an HC that was requirement for an assignment (meaning, you didn't include consideration of that situation in your analysis or deal with it appropriately) then that's a violation of the COMPETENCY RULE in general, and the performance standard of SR1-2.g in particular. You can't inadvertently violate a requirement in SR1 without violating the COMPETENCY RULE, just as you can't deliberately violate a requirement in SR1 without also violating the ETHICS RULE;.

It's not 1-2 and 1-3 makes you geo-competent.

One of the requirements in SR1-2 is 1-2.e.i
"It's location and physical, legal and economic attributes"

Location attributes goes far beyond providing a physical address, just as economic attributes goes far beyond the market rents that might be attributable to the property. So no, I wouldn't agree at all with the idea you could comply with SR1-2 without sufficient consideration of those local factors.

 

[Evincere]

It is what is...a good bit of what gets here on is simply just crazy and an embarrassment to the profession and a lot of the craziest stuff is posted by the same people on a regular basis and I am not going to apologize about pointing out the absurdity of some of what is posted. If that makes me condescending in your view, that's fine with me

And it’s always the same name calling condescending people who then complain civil intelligent discussion is denigrated and lacking, side tracked or hijacked

 

[J Grant]

URAR cert 11. I have knowledge and experience in appraising this type of property in this market area.

Since the question was asked about a regular SFR appraisal, which is largely comprised of lending /URAR work.Anything can be changed by the powers that be including the certs, but perhaps it is in there for good reason

 

[Joe Flacco]

First off, I think it's important to go back to the fundamentals of the structure of USPAP. The COMPETENCY RULE applies to assignments in general, same as the ETHICS RULE, the RECORD KEEPING RULE, the SOWR and JE RULE.

The SRs are performance standards for specific types of assignments that outline the expectations of what it takes to competently perform those assignments. If you failed to identify an HC that was requirement for an assignment (meaning, you didn't include consideration of that situation in your analysis or deal with it appropriately) then that's a violation of the COMPETENCY RULE in general, and the performance standard of SR1-2.g in particular. You can't inadvertently violate a requirement in SR1 without violating the COMPETENCY RULE, just as you can't deliberately violate a requirement in SR1 without also violating the ETHICS RULE;.



One of the requirements in SR1-2 is 1-2.e.i
"It's location and physical, legal and economic attributes"

Location attributes goes far beyond providing a physical address, just as economic attributes goes far beyond the market rents that might be attributable to the property. So no, I wouldn't agree at all with the idea you could comply with SR1-2 without sufficient consideration of those local factors.

Yeah I know. It is difficult enough for local people to comply with 1-2 let alone a desk monkey across the country.

Fact is, many if not most people in general are not very skilled at analysis. Rolling back the qualifying standards does not help to improve that situation for the future. Just because some of the people here may excel at analysis does not mean that the thousands of appraisers are the same or have the same potential.

 

[Meandering]

Oh come on J,

they get around that by writing their own forms.

Dang it,

Do you expect them to pay those fees in the COW states forever???

Heck, they could be sending out state wide appraisal assignments now, but they are not.

Or maybe it's just the competency of fee appraisers that's in question and the desktop employees are the unicorns on their rainbow.

.