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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP - It Ain't Binary!
Description: “USPAP – It Ain’t Binary” is a phrase you’ve never heard before. Why? Well, it is not binary. Seldom in real estate appraisal is anything purely a one (-1-) or a zero (-0-). We have choices to make. There are ambiguities to unravel. What happens when we get conflicting data from the listing broker and the selling broker? County data say the subject has 3,327 square feet. But our ANSI measurements shows 3,402 square feet. A plumbing contractor says it will cost $5,823 to repair the damage from the flood in the bathroom. But a general contractor says a minimum of $9,000 to...