USPAP

AMC-Desktop Product: USPAP Compliant?

Editor’s Note: A desktop appraisal product introduced last month is the subject of concern among many Working RE readers and OREP.org members. Below is guidance issued by the North Carolina Appraisal Board. AMC-Desktop Product: USPAP Compliant? By David Brauner, Editor A new desktop product from a large, national appraisal management company (AMC) is drawing questions… Read More

From Appraising to Consulting

Editor’s Note: You’ll find Part Two of this story at WorkingRE.com (Premium Content). From Appraising to Consulting By Robert K. Bell, Jr., MAI (retired) Many appraisers can convert residential form reporting assignments to consulting assignments with some know how. Many of our appraisals should be labeled appraisal consulting reports, since they give a market value… Read More

Appraising to Consulting Part 2: Getting Started

Editor’s Note:  In Part One, Bob Bell, MAI (retired) explains how appraisers can convert residential form reporting assignments to higher-paying consulting assignments with just a little know how. “Many of our appraisals should be labeled appraisal consulting reports, since they give a market value and solve problem questions in the Highest and Best Use section… Read More

New Qualifications / USPAP Explained

New Qualifications/USPAP Explained by David Brauner, Editor If you’ve been busy making a living, perhaps you missed or forgot that important changes to appraiser qualifications and to the Uniform Standards of Professional Practice (USPAP) took effect January 1, 2008. Here is a brief overview of the changes with rational provided by John S. Brenan, Director… Read More

Who Owns Data?

Who Owns the Data? By David Brauner, Editor Here’s a riddle: what do the following have in common: copyrighting appraisals, the Intended User/Intended Use provision in USPAP, Item 21 on the Fannie Mae form, data mining and the FNC lawsuit, automated appraisals (AMVs), and perhaps, the future of appraising? Apparently, they have everything in common.… Read More

Fannie’s New Forms: Something to Talk About

Fannie’s New Forms: Something To Talk About The latest version of the new Fannie Forms are set to go into use soon. These forms for appraising single-family residential and small income-producing properties have some very disturbing and questionable requirements within the certification pages. One of the biggest concerns for appraisers is items #21. If you… Read More

Are AVMs Appraisals?

Editor’s Note: In our cover story last issue, “AVM Tango! Man or Machine?” we reported that as a result of our AVM questions, Appraisal Standards Board (ASB) Chair Greg Accetta indicated further clarification would be forthcoming. Here is a statement issued by the Appraisal Foundation in June 2007 (www.appraisalfoundation.org). Are AVMs Appraisals? Appraisal Standards Board… Read More

Risks of Changing Intended User Statements

Editor’s Note: Here is a question (and answer), concerning the proper intended user statement when the form and intended use conflict with one another. Scope of Work: Q&A by David Braun, MAI, SRA Risks of Changing Intended User Statements (Question from Howard Goheen, Phoenix Appraisal Service) “Dear David (Braun)…We’ve worked hard to get up to… Read More

AVM Tango! Man or Machine?

Editor’s Note: A recent online debate about AVMs highlights the many facets of this very important issue and underscores the wide divergence of opinion among appraisers about the place of AVMs in the lending process, and in the marketplace. The conversation was sparked by the story Copyright Appraiser Takes on AVMs. AVM Tango! Man or… Read More