The JURISDICTIONAL EXCEPTION RULE is intended as a “saving clause” which preserves the balance of USPAP if a specific law or regulation precludes compliance with a part or parts of USPAP. In an appraisal assignment, if a law precludes you from complying with one…
In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to…
Property appraisals can be complex and challenging, to say the least. We recently asked five experienced appraisers to tell us about the most challenging appraisal assignments they’ve ever tackled. These professionals agree that difficult appraisal assignments are almost always worth taking since they broaden…
As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. So, how can you prevent these undesirable consequences? Here are several do’s…
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