Is Appraisal belief based? USPAP says our work should be credible: “worthy of belief.” That’s the test. What/who tests worthiness? In the Scope of Work Rule, it is “client expectations” and “peer’s actions.” In the section on “acceptability,” it goes even further, stating that an appraiser must do what “would appear relevant to the client.” […]
Can personal opinion be objective? The definition of “Appraiser” in USPAP requires “one who is expected to be competent, independent, impartial, and objective.” Clearly, the definition requires delving into the mind of clients, users, and perhaps the public. Can this be true? Perhaps we can look elsewhere in USPAP for help. The definition goes on […]
This is Part Four in a series on Hybrid Appraisal. Be sure to read Part One, Part Two and Part Three. The term “hybrid appraisal” (as it’s currently used), means that the appraiser sits at a desk, while someone else (not an appraiser) looks at the property. It appears that the non-appraiser may or may […]
Well, of course – appraisal is not based on our subjective beliefs. It is based on support! Support your opinions and conclusions! Support your results “by relevant evidence and logic.” Form your opinion, then support it . . . These words have always bothered me. A scientist does not form an opinion, then figure out […]
We are taught that our work must have believability: as per USPAP, credible means “worthy of belief”. Let’s look here at the difference between credibility and reliability. It must be important. It’s used in the actual standards (integrity and performance) part at least 59 times. If you include the whole USPAP 2018-2019 book, it is […]
New Year’s resolutions are certainly good, even great wonder and intent. I have made a few. I don’t remember any ever working out. But some things did work out. I ask: What was the difference? The difference is between January 3rd and December 28th. Generally, I had resolved to make some resolutions right away, on […]
If your work is reliable, it’s credible. If it’s credible it may not be reliable. USPAP (Uniform Standards of Professional Appraisal Practice) defines credible as “worthy of belief.” So how does one strive to be worthy? Well the automatic answers are . . . automatic: 1) have education/training; 2) have experience; 3) have integrity. Let’s […]
Credible— USPAP (Uniform Standards of Professional Appraisal Practice) says an appraisal must be credible. The word ‘credible’ is used some 82 times in the Standards themselves (although used repetitively in the same context using identical words most of those times). Then an additional some 103 times in the Advisory Opinions, mostly re-quoting the first 82 […]
An appraiser must be worthy. You must be believable. Your work must be credible. That’s what it says in USPAP (Uniform Standards of Professional Appraisal Practice). Note that the source is the Appraisal Foundation—declared therein to be “the nation’s foremost authority on the valuation profession.” It uses the word “credible” 82 times in the Standards […]
Last Year’s “holiday” blog on gratitude was very popular and is linked here. The post speaks on the importance of appreciation for a happy life. The list (in the post) is intended as a practical application of brain science. But does an attitude of gratitude make you money? This question caused me to rethink the […]
[This is Part 3 of a series on Appraisal Modernization] “Appraisal modernization” is a crisp way to describe needed change. But what is really needed? To consider this question, in part 3, we must look at underlying motive. If we only look at the surface solution stuff, like “hybrid appraisals” we may be distracted from […]
Believe or don’t believe. Is there a parallel between appraisals and how people respond to pandemic warnings? Appraisal reviewers decide whether an appraisal is “worthy of belief” (“credible”) or not. Similarly, people decide whether to believe in the need for public health orders. Steven Dinkin (president of the National Conflict Resolution Center) recently had some […]
Truth can be hard to swallow! I find their ‘truth’ not credible. Not believable. Why? Well, for one thing. One important thing. That belief conflicts with MY belief. Clearly, my beliefs are better than theirs! Anybody can see that. At least they should see that. How can they be so stupid? Brad Cable just sent […]
To regulate or improve something, you first measure it. The word credible appears in the most recent version of USPAP (©1999) some 276 times. The Uniform Standards of Professional Appraisal Practice as published from time to time by the Appraisal Foundation. The word credibility is used an additional 39 times, specifically as a measure of […]