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Rental Schedules Without an Appraisal? uspap-reporting-errors-quality-appraising Dec 14, 2021

Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, we have a couple of hundred appraisers that really enjoy being able to talk with other appraisers. It’s kind of a...

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Arenā€™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...

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Acquiring E&O Insurance for Appraiser Hires uspap-reporting-errors-quality-appraising Jan 07, 2020

I recently discovered some interesting information regarding errors and omission insurance for employees. I am hoping that by sharing this information, I will be saving some of you time and money regarding the subject.

I currently have a licensed appraiser who works for my company. As his...

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Necessary Analyses for an Armā€™s-Length Transaction uspap-reporting-errors-quality-appraising Nov 26, 2019

How often do we appraisers get into the mode where we think we know it all?  Occasionally, do we need to step back and look at the way we do things, just to make sure we are not missing something?    Is what we know to be true and correct really true and correct?  I raise this...

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Are You a Statisticians or Analysts? uspap-reporting-errors-quality-appraising Nov 05, 2019

Just what is our role as appraisers?  Are we statisticians or analysts? First, either of these would apply only to what I call a “Tier III appraiser,” since statistics and analytics are not for the beginner, nor the appraiser who is not comfortable around numbers, as well as the...

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USPAP and Questions on Confidentiality uspap-reporting-errors-quality-appraising Jan 15, 2019

In the context of a real estate appraisal, especially a residential real estate appraisal for a lender thru an AMC, what is confidential?  First, look at USPAP's definition of confidential information (lines 105 - 108 in the 2018-2019 edition).  It says "[c]onfidential information [is]...

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