Blog

Can Appraiser B Update Appraiser Aโ€™s Appraisal? inspections-reports-values-photography-appraising Sep 08, 2020

Can an appraiser complete a 1004D form (an Appraisal Update and/or Completion Report [Form 1004D]) if s/he did not do the original appraisal?  A lot of appraisers ask this question.  At first glance, you’d think the answer was “NO!”.  How can appraiser-B update an...

Continue Reading...
The Tier V Position Must Function at 30,000 Feet inspections-reports-values-photography-appraising Aug 25, 2020

You have heard me talk (a lot!) about Tier I, Tier II, Tier III, and Tier IV appraisal office  skills. Now we're going to talk about Tier V office skills, which are a vision over the first three. 

The person who occupies Tier I or Tier II basically has no appraisal skills because, at...

Continue Reading...
Arenโ€™t Appraisers Supposed to be Independent? uspap-reporting-errors-quality-appraising Aug 18, 2020

When was the last time you brought in somebody from outside your firm to help you solve an appraisal problem?  Is that a step you should take?  Aren’t appraisers supposed to be independent?  Aren’t outside consultants and advisors expensive relative to the typical...

Continue Reading...
To Pay or Not To Pay, That is the Question amc-alternative-agents-appraising Aug 11, 2020

Should appraisers pay to be on an AMC’s approved appraiser list?  Is this one way to get new clients?  If an AMC solicited you, would you check it out?  Now, I work for some AMCs that, frankly, you might not choose to work for.  That’s fine.  It’s a...

Continue Reading...
THIS ONE NEEDS A RED TOE-TAG trainees-employees-mentors-appraising Aug 04, 2020

You never know what is going to happen in your appraisal office.  There are just too many variables to be able to cover all of them all the time.  So let’s look at the word triage.  All it means is “the act of dividing into three.” In medicine, it means the...

Continue Reading...
Virtual Appraisal Assistant Synergy trainees-employees-mentors-appraising Jul 28, 2020

I sometimes am criticized for hiring assistants outside of the United States. More specifically, I am criticized for paying my virtual assistants outside the United States 3-6 dollars an hour. I think there is an idea that I am exploiting them and treating them unfairly; when in reality, we are...

Continue Reading...