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Why You Should Ask For An Extension uspap-reporting-errors-quality-appraising Jun 05, 2025

Have you ever received one of those letters that makes your heart drop? The ones that seem to carry more weight than your usual revision requests or complaints? I recently had one of those moments. At first, I thought it was just another revision request, but as I read between the lines, it became c...

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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 virtual coffe...

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Aren’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 appraisal fee?

Recently I had an a...

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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 employer,...

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Necessary Analyses for an Arm’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 issue relative to the ...

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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 ways numbers can int...

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