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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP and Adjustments – TAA Podcast 116
Description: USPAP and adjustments. Are they facts or just your opinion? USPAP does not use the word adjust or adjustments in Standard One, the appraisal development standard, nor Standard Two, the appraisal reporting standard.  Further, USPAP does not require appraisers to make them to anything at any time.  They are a function of what the GSE’s want from an appraisal report.
So, when it comes to USPAP and adjustments, are those adjustments facts or just opinions? There are appraisers who advocate they are opinions. Why? Because there are no standard protocols to derive an adjustment. There are numerous wa...