Tim Schneider
Member
- Joined
- Feb 8, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
Here is a link to a finding by the WI board last month:
http://drl.wi.gov/dept/decisions/docs/20071115Loehrke.htm
Some things I found interesting in the finding:
- The state reviewer questions why the appraiser did not include personal property in the value opinion
- The reviewer admits the "fee simple" vs. "leased fee" debate for rental properties is not a USPAP requirement, but a "best practice"
- Despite the problems they found with the appraisers reports, they decided not to order any remeidial education or license limitations
- They named the reviewer, something I have not seen before
http://drl.wi.gov/dept/decisions/docs/20071115Loehrke.htm
Some things I found interesting in the finding:
- The state reviewer questions why the appraiser did not include personal property in the value opinion
- The reviewer admits the "fee simple" vs. "leased fee" debate for rental properties is not a USPAP requirement, but a "best practice"
- Despite the problems they found with the appraisers reports, they decided not to order any remeidial education or license limitations
- They named the reviewer, something I have not seen before