Posts Tagged: USPAP

Valuation Management Group Discusses Hypothetical Conditions in an Appraisal Report

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Valuation Management Group, as an appraisal management services company, deals with many unique appraisal issues and methodologies. As our quality assurance appraisal reviewers notice areas of interest, we strive to share the industry information with our clients and appraisers to keep everyone informed. The Uniform Standards of Professional Appraisal Practice (USPAP) states in Standards Rule… Read more »

Extraordinary Assumptions in an Appraisal Report by Valuation Management Group

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Valuation Management Group serves as an appraisal management services company dealing with many unique appraisal issues and methodologies. As our quality assurance appraisal reviewers notice areas of interest, we strive to share these points of interest with our clients and appraisers to keep everyone informed. The Uniform Standards of Professional Appraisal Practice (USPAP) state in… Read more »

Valuation Management Group Discusses the Proposed Changes for the 2018-19 Edition of USPAP

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The Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. The Appraisal Standards Board (ASB) develops, interprets and amends the USPAP and, as such, is currently considering changes… Read more »

USPAP Reporting Options Discussion by Valuation Management Group, an Appraisal Management Company

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Valuation Management Group understands that financial institutions sometime struggle with the question, “Would a restricted appraisal report be sufficient for the potential loan?” As a part of our appraisal management services, VMG strives to give guidance on appraisal issues, concerns, or questions. The 2016-2017 Uniform Standards of Professional Appraisal Practice is effective January 1, 2016… Read more »

Appraisal Review – Competency and Proficiency

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The Uniform Standards of Professional Appraisal Practice (USPAP) defines appraisal review as “the act or process of developing and communicating an opinion about the quality of another appraiser’s work that was performed as part of an appraisal or appraisal review assignment.” Dave Maul, MAI, a Commercial Quality Assurance Reviewer at Valuation Management Group, recently attended… Read more »

SBA’s Revised Policies for Special Purpose Properties

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May 1, 2015 was the effective date of the U.S. Small Business Administration’s revised appraisal policies involving special-purpose properties that typically include a component of value attributable to going concern or intangible business value. The SBA removed requirements for appraisers to have business valuation credentials (prior version required the ASA designation). While we at Valuation… Read more »

USPAP Issues and Concerns – PART IV

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The 2014 USPAP Q&A publication had another interesting question that was posed to The Appraisal Foundation’s Appraisal Standards Board: Question: I have received inquiries from various companies regarding appraisals I have completed for others. Typically, I receive a letter that includes the address of a property I previously appraised, along with the effective date of… Read more »

USPAP Issues and Concerns – PART III

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Continuing with insights from The Appraisal Foundation’s Appraisal Standards Board USPAP Q&A publications this year, another query made and addressed in the October 28, 2014 publication is regarding use of certain terminology, specifically “USPAP Certified Appraisers” and “USPAP Certified Appraisals.” The following question, posed by an appraiser, and The Appraisal Foundation’s Appraisal Standards Board answer:… Read more »

USPAP Issues and Concerns – PART II

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  This week, as promised, we continue to share insights on some common and important issues for VMG clients and vendors from The Appraisal Foundation Board Q&A newsletter. This time the topic tackles the hot button of appraised value versus contract price. The Appraisal Foundation’s October 28, 2014 publication shared the following question posed by an… Read more »

USPAP Issues and Concerns – PART I

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The Appraisal Foundation Appraisal Standards Board periodically publishes a Q&A newsletter on USPAP issues and concerns voiced by appraisers. We always find them interesting and, many times, scenarios are presented that may have not been encountered or thought of as an issue. In the Appraisal Foundation’s October 28, 2014 publication, three questions were posed, and answered, by… Read more »