Standards are in everything we do – from our job duties, to the cars we drive, and into how our homes are built. Appraisers all follow the same USPAP compliance standards when appraising a home, but sometimes these standards aren’t always so black and white – there can be ten different ways that one appraiser does things while another may …
Read More »A Dentist, a Surgeon and a Head Chef
It has been noted that appraisers often wear multiple “hats” to maintain a successfully running business. But is this the best use of their time to benefit them, their employer, or customer? There are many tasks that business owners can delegate to others. Appraisers should take a lesson from some other common professions on how their skills are best being …
Read More »What’s Your Number?
The pioneers in our business—developers and early practitioners of the dark-art/science of valuation theory—intended for our discipline to be recognized as one of the professions, like law or accounting. Frederick Babcock, who is considered the pioneer of appraisal theory, wrote this in his book, The Appraisal of Real Estate, published in 1924: The appraising of real estate is a business …
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