Tag Archives: USPAP

Fannie Mae and a New, Fifth Test for Highest and Best Use

Fannie Mae seems to have a problem with excess land. Perhaps more accurately, Fannie Mae seems to have a problem with appraisals that involve excess land, and the appraiser’s characterization of Highest and Best Use. Before we proceed with this discussion, let’s make sure everybody is on the same page by defining two terms: “surplus” land versus “excess” land. Surplus …

Read More »

8 Common Violations Made by Appraisers

This is a reprint from the McKissock Learning Blog and can be found here. When it comes to appraisal violations, certain minor violations are very common. In this article, I outline several examples of less serious breaches of development Standard 1 and reporting Standard 2 — and a few other types of violations, too. I have compiled these based on many …

Read More »