Tim Andersen, The Appraiser's Advocate Podcast

When you think about USPAP and ROVs (Reconsiderations of Value), gentle and peaceful thoughts are not what come to mind. Somebody wants you to reconsider your value conclusion. That is a gentle way to say, "I think you've made a mistake!" But let's face facts - we all make mistakes. And given the state of the appraisal art - with our dependence on 90-year-old protocols and techniqu

There's a lot of crap on the Internet about civilization's pending collapse. There is even stuff on the Internet about USPAP and Sasquatch. But there is nothing on the Internet about USPAP and Hot Sauce. So, I figured I'd add to the Internet's mindless clutter and post about Hot Sauce, USPAP, their relationship, and the demise of western civilization. But the only problem is that t

WOW! "USPAP, Sasquatch, NAR, and Comparable Sales" is one helluva name for a podcast! That's true, thank you. But given that the ramifications of the Sitzer-Burnett are obvious but still unknown, invoked Sasquatch. And the fact cash equivalency adjustments to comparable sales may become more prevalent than in times past brought all of those concepts together into one big, yet unans

USPAP, analysis, and synthesis are terms we do not hear all that often. That's a shame, too. This is because, according to USPAP, a credible appraisal and a non-misleading report are the results of analysis and synthesis. Yes, Standard One is the appraisal development standard. And Standard Two is the appraisal reporting standard. But we know this, so what is so special about analy

Preview, Foreshadow, Predict. In the context of a real estate appraisal, what do these mean? Some time ago, I did a podcast on writing the appraisal backwards. I never meant this to confuse anybody with this. What I meant was to impart wisdom. It is wise not to open the reporting form on your computer the instant the appraisal order arrives. Rather, once it arrives, do the appraisa

Topics such as USPAP and relevant adjustments can bring out the very worst in appraisers, because of the arguments this topic causes. This is simply because the science of relevant adjustments is taught only superficially in appraisal school. Yet we teach it is art, or we do not teach at all. This podcast is about understanding when adjustments are necessary. Then its about underst

In this podcast, we cover three topics, all of which are a function of USPAP and certainty. The first topic is "When is an Adjustment Correct?" Second is "What are the Ethics of Using Artificial Intelligence (AI) in a Real Estate Appraisal and Report?" Finally, we'll consider the real source of appraisal fees - the appraiser. That should get some folks upset! But that's OK! One of

When it comes to USPAP and a verification model, where is that model? USPAP makes it clear we have to verify the sales data, etc. But USPAP is strangely silent on what to verify means. It is equally mute on how to accomplish the verification it demands. So, is there a reason for this lack of communication on USPAP's part? Or, is there some method to the ASB's madness? To both quest

Wait a minute! You say USPAP and neighborhood analysis don't go together? In one sense, you're right. USPAP does not use the word neighborhood in Standard 1 or 2. For reasons unknown, the GSEs continue to use the word neighborhood, even though, in a certain context, it could have racist overtones. Seems a little hypocritical to me. But the GSEs have not asked me to function as thei

Take advantage of USPAP and Extraordinary Assumptions! Their proper use can provide you with a number of advantages! On the other hand, their improper use can earn you the opportunity to spend a less-than-pleasant afternoon with your state appraisal board! How so? Read on, then listen to the podcast! To listen to the podcast is why you're here, right? USPAP and Extraordinary Assum