Workfile

[Caligirl]

Don't forget stickies, bills sent to clients, and comps not used. :new_all_coholic:

 

[chad hampton]

Just another reason USPAP should be thrown in the garbage and a 'real world' manual be written.

 

[RitaB]

Agreed.

Why do I always start biting my nails when I come to AF? How do you long term appraisers survive all the worrying about all the landmines you could step on?

 

[Randolph Kinney]

Hopefully the level of quality and work performed researching and verifying is reflected in the appraisal and choosing your clients wisely; don't accept shady "deals" or enticements.

Therefore the reasons and probabilities for complaints to the state will be minimized.

 

[PLCG]

Print everything to pdf and save it, maps (location, zoning, topo, etc) zoning, MLS, comps used or not used, assess records; save all excel, save the photos with voice recording with each photo, and on and on. The last workfile ran over 10mb! Now I worry they will get me for something I did put in the workfile. m2:

 

[Bob Ipock]

Chad,

Who would interpret the real world manual? The very same people that interpret USPAP.

The typical real estate appraiser needs to have a reasonable understanding of the Definitions, Ethics Rule, Competency Rule, Scope of Work Rule and Standards 1 & 2 (include Standard 3 if you perform reviews). That is a total of 29 pages (+ 6 more for Standard 3). Several of those pages are 50% blank.

Most appraisers have never read this material. That is apparent from questions on this forum and asked in CE classes.

USPAP ain't brain surgery. It is only as difficult and magical as one wants to make it. The Pharisees (state appraisal boards) can make it as illusive, mystical and difficult as they want to. They can also read things and claim things that are not USPAP.


If every appraiser would spend 2 hours a year reading USPAP, looking at some Statements, AO's and FAQ's we would all be better off.

 

[RitaB]

Pharisees. That's about right.

 

[Terrel L. Shields]

all other data, information, and documentation necessary to support the appraiser’s opinions and conclusions and to show compliance with this Rule and all other applicable Standards, or references to the location(s) of such other documentation.

No one can define that. no one. it is an instant gotcha. If you call them Anderson Windows, you best have a picture of the Anderson logo. If the quality of the stove is called "average" best have the model number too. The silly list can go on and on. What if I say the owner has 3 years left in a 5 year grower contract. Best have a copy of a contract right? stupid really stupid. The contracts for poultry growers is standard, one sided, simple. I don't need a copy of it. And my board says it needs to have been copied contemporaneous with the report...none of that printing off MLS listing later. none of that referencing a location either... An MLS isn't a "location"...its its magic....doesn't really exist according to some interpretations.

 

[StephHigdem]

Our little corner of the world has very few zoning maps online - we have a wall with poster sized print outs. Should I take a picture of the wall & add it to every work file? Or can we interpret work file to include office reference material?

 

[Terrel L. Shields]

Should I take a picture of the wall & add it to every work file?

technically, our state could say "yes"..