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Who Are My Peers?

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Eli

Elite Member
Joined
May 12, 2007
Professional Status
Certified General Appraiser
State
Tennessee
What qualifications or credentials do they need in my market? I know they need a license but is that it? Can they have a license and have no appraisal experience in my market in years or ever? Can they have a license in China and be my peer? In my coverage area like a State or County or City?
 
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J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Do you mean who are your peers, or who is your competition for assignments? USPAP defines peers as below. That's the standard I use for peers...appraisers with an equivalent level of knowledge, experience ethics. As to appraisers you are competing with for assignments, clients are not bound by USPAP, we are. Clients who choose fast, cheap, and or number hitters may not be choosing those appraises we consider peers for similar type of assignments.

An Appraiser’s Peers 29 USPAP defines Appraiser’s Peers as: other appraisers who have expertise and competency in a similar type of assignment
.
 
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bnmappraisal

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
Can they have a license and have no appraisal experience in my market in years or ever?
This is a somewhat loaded question because (as always) "it depends"

In doing review work, I could review your RES report for a client, even though I've never been to TN if the SOW was to determine if the report met USPAP. In this case, I think I'd be a peer (Cert Res appraiser) who has expertise and competency in RES properties.

But a field review with opinion of market value of said RES report? I would NOT be considered a peer due to competency (I've never been to TN and don't know the market!)
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
555b17b8e677f98b774b586be06356c6.jpg
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
What qualifications or credentials do they need in my market? I know they need a license but is that it? Can they have a license and have no appraisal experience in my market in years or ever? Can they have a license in China and be my peer? In my coverage area like a State or County or City?


:sleeping:

USPAP
DEFINITIONS

APPRAISER’S PEERS: other appraisers who have expertise and competency in a similar type of assignment.

:popcorn:
 

miktay

Senior Member
Joined
Jul 3, 2007
Professional Status
Certified Residential Appraiser
State
Texas
Wish I was sitting on a pier right now....
 

residentialguy

Elite Member
Joined
Mar 24, 2009
Professional Status
Certified Residential Appraiser
State
Minnesota
TYPICAL RESPONSE WHEN QUESTIONING FNMA
Wheel.JPG
 
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