The Appraisal Cast

Stereotyping. Discrimination. Fair Housing. In part nine of our current series called Promoting Public Trust, we discuss these ideas, and how they relate to real estate appraisals. We'll consider what an appraiser can and cannot say (or write), and why that matters to you – the homeowner.

Show Notes: https://riverfrontappraisals.com/promoting-public-trust-part-9-fair-housing/

In this podcast – which is part eight of our Promoting Public Trust series – we'll be looking at the topic of readdressing an appraisal report. Readdressing, or transferring a report, may be one of the most often-made requests our office gets, and usually, lenders and homeowners aren't even aware they're asking us to violate USPAP. So, if you're a lender – this is a must-listen! And, if you're a homeowner or Realtor, this will possibly happen to you at some point in your life, so grab some coffee and listen on!

Show Notes: https://riverfrontappraisals.com/promoting-public-trust-part-8-readdressing-transferring-a-report/

In this podcast, which is part 7 of our 12-part series on Promoting Public Trust, we'll look at a few areas within USPAP that deal with an appraiser's conduct. If you've recently received an appraisal and read the entire thing, you probably have a few questions! This podcast will clear up a few of those questions, and help you understand some of the things appraisers are required to do (or must not do!).

Show Notes: https://riverfrontappraisals.com/promoting-public-trust-part-7-appraiser-conduct/

So what is bias from an appraiser's perspective? Again, according to USPAP, bias is "a preference or inclination that precludes an appraiser's impartiality, independence, or objectivity in an assignment. I've written about this many times in the past. An appraiser must always be impartial, independent and objective. Unbiased. The second we show bias, we throw all those characteristics – what makes appraisers unique and extremely important in the real estate valuation world – out the window.

Show Notes: https://riverfrontappraisals.com/promoting-public-trust-part-6-the-appraiser-and-bias/

Our last podcast served as an introduction to the topic of Confidentiality. In case you missed it, click *here*. In this post, we're going to get very practical and answer some frequently asked questions about how USPAP and Confidentiality work together in the appraisal process.

Show notes: https://riverfrontappraisals.com/promoting-public-trust-part-4-confidentiality-part-2/

Part four in our 12-part series on Promoting Public Trust, we introduce the topic of confidentiality. This very important part of the appraisal process affects homeowners, lenders, and every user of appraisals differently. And as it's part of our Ethics Rule of USPAP, it's extremely important to everyone! Listen to see how it affects you.

Show Notes: https://riverfrontappraisals.com/promoting-public-trust-part-4-confidentiality/

Without a doubt, one of the most important factors (and one of the very first) an appraiser must consider when appraising any property is its "highest and best use". In this blog post, which is part three in our 12-part series on Promoting Public Trust, we will just scratch the surface on this topic. When you're finished listening, you will have the tools you need to understand the basic concepts of this integral part of the appraisal process.

Show notes: https://riverfrontappraisals.com/promoting-public-trust-part-3-highest-and-best-use/

Hypothetical Conditions and Extraordinary Assumptions. All of this sounds like a bunch of weird appraisal-ese. Language no one else would ever use, or ever care to know about. So why write about it? Well, in fact, many appraisals use this language, and you need to know what it means!

Show Notes:

https://riverfrontappraisals.com/promoting-public-trust-part-2-hypothetical-conditions-and-extraordinary-assumptions/

This is part one of a 12-part blog and podcast series on the appraiser's professional standards of practice, called USPAP. It's our code of ethics. Our list of rules and regulations.

When I took the update class in 2020, I got to thinking about that phrase to promote and maintain a high level of public trust. And I just began wondering…does the public trust us? If so, is it because of USPAP? Or does the public not trust us; and if not, why not? We have this enormous document that was created for the promotion and maintenance of the public's trust in us. Is it working?

Thus this series was born.

Show notes: https://riverfrontappraisals.com/promoting-public-trust-part-1-what-is-uspap/

Many homes are purchased with FHA financing, and unless you're buying a brand new home, there's likely some cosmetic issues that need to be fixed…sometime. What does FHA say about these minor issues, commonly referred to as deferred maintenance? Listen to this podcast and find out!

Mortgage e letter 2005 - ml-48 link:

https://www.hud.gov/sites/documents/DOC_12628.PDF