{Author’s note: Thank you to the Houston Chapter of the Appraisal Institute for the opportunity to present this timely topic. Recovery after a major catastrophe is a marathon, not a sprint. We have been affected hurricanes, floods, and now, wild fires up and down the California coast. Appraisers can help. Please consider offering your time […]
The last economic meltdown happened because something wasn’t working. Appraisers can take two attitudes: 1) They are just reporters of “expected selling prices”; 2) They are just following standards. Is it the lenders and underwriters who determine risk, or is it appraisers? So appraisers can say they only do as they are told. Is […]
Presumably, “public trust” is the foundational test. Have our institutions, rules, regulations, standards, and social expectations failed us? The purpose of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. Preamble 2018-2019 Our mission is to foster […]