At its public meeting on February 19, 2021, the Appraisal Standards Board of The Appraisal Foundation voted to extend the expiration date of the 2020-2021 USPAP publication by one year. Instead of expiring on December 31, 2021, the current USPAP will remain in effect…
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…
As a real estate appraiser, how do you know if you can credibly perform appraisal reviews? USPAP provides the review appraiser with plenty of flexibility, all grounded in ethics and competence. Competence comes with knowledge and experience, but it also requires you to possess…
There are no simple and easy ways to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients.…
On March 18th, The Appraisal Foundation (the Foundation), the Association of Appraisal Regulatory Officials (AARO) and the Appraisal Subcommittee (ASC) issued a joint message for appraisers and regulators regarding COVID-19. The Foundation has created a page on its website titled “Coronavirus and Appraisers: Your…
So, you’re contemplating a career switch to commercial real estate appraising? What goes into the process and what skills are necessary to make that transition smooth? The following is my attempt (and I use attempt very loosely because there a myriad of things that…
It’s no secret that the general public does not have a thorough understanding of the appraisal profession, even though the work of appraisers has a profound effect on people’s lives. At McKissock, we not only want to be a go-to resource for appraisers, but…
Appraisal reviews serve many important purposes. Sometimes the appraisal review process is more time consuming and requires research and analysis well beyond the original assignment, while other times the process is smooth with no problems. One of the difficulties that reviewers face in appraisal…
The 2020-21 USPAP publication will be available within the next several weeks, and so will the 2020-21 7-hour National USPAP Update Course. Not everyone purchases the USPAP publication or takes an update course right away, so here is a quick overview of the most…
New construction is treated a little differently by lenders, FHA, and the GSEs. As you appraise these properties, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that…
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