Faster we understand! But what is “better”? Faster is one of the ways we can make more money. Faster can be personally satisfying — if I can deliver a good or better product by being more efficient. Efficiency comes through good systems, and personal competency. Aha! So better can involve better systems, and more knowledge. […]
Cognitive dissonance is the mental stress we feel when we’re confronted with conflicting beliefs and requirements. How could this possibly be a USPAP issue? USPAP, (Uniform Standards of Professional Appraisal Practice) may cause psychological dissonance in appraisers – because the review standards and practice standards have different requirements! For the appraiser, Standard 1-2(h) requires results to […]
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 […]
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 […]
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 […]
Are You Worthy of Belief? Is your work “believable”? Standards require work to be “credible.” My curiosity got me this time. I researched “get people to believe you.” As you might guess, what I found is unsettling. First of all, one of the pieces of advice was to actually tell the truth! Imagine. Also, back […]