We compared what you know with who you know in part 1 – in the context of diversity (or lack thereof) in the appraisal profession. In the past many appraisers entered the profession because they were born into it or married into it. A third path was to become an admin assistant (or secretary), learn […]
A Body of Knowledge committee? I was just getting acquainted with the Appraisal Institute service structure. At one of the first of many times at AI national or Board meetings, it seemed a good idea to find a committee focused on where I might be able to genuinely contribute. Upon noticing there was a Body […]
What is an “accurate” appraisal? First, we note that in Standard 1 of USPAP (Uniform Standards of Professional Appraisal Practice), accuracy is not required. What is required is that an appraisal be credible, or “worthy of belief.” Perhaps reviewers know how to judge “accuracy.” Good news. Standard 3 does say specifically that the reviewer must […]
Appraisers are taught that there are three “approaches” to value. Follow the path, and you are safe. Standards, regulations, users, and peers all expect the “process” to be followed. Follow it, and you are safe. Appraisers are also harangued to be ethical and unbiased. Just be “impartial, independent, and objective.” No problem. Problem. Appraisers are […]
Around every corner, someone wants appraiser’s to buy their technology. We get techhype – buy our wonderful . . . “Prove your adjustments.” “Bulletproof your reports.” Technology of computers and especially software. “Buy our most clever delivery product.” We started with electric typewriters and adding machines. Then calculators (like the hp12c) and fast dot-matrix printers. […]