Hot Topics in Real Estate Appraisal: Heavy Demand, Industry Changes, and the Question of Bias
Tim Andersen shares thoughts on some of the biggest issues facing the appraisal industry this fall.
Entries by Tim Andersen
The Client Accommodation Trap
Appraisers try to accommodate their client’s interests. There is nothing wrong with this per se. Appraisers commonly write, “at the client’s instruction…” or “per the client’s request…”, then the appraiser describes what the client instructed or what the client requested, as well as what the appraiser did to comply with the instruction or request. This […]
USPAP Compliance and Desktop Appraisals
Many appraisers are worried that a so-called desktop appraisal will not be USPAP compliant if a third party to inspects and/or photographs the subject property. USPAP does not make an issue of who inspects the property, nor who photographs it. USPAP does not require the appraiser to inspect the subject property. Nor does USPAP require […]