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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP and Cash Equivalency – TAA Podcast 119
Description: USPAP and Cash Equivalency? No! Surely, with all the mechanics of an appraisal there are to worry about, now there is another one!? Say it ain’t so! It would be nice simply to ignore cash equivalency (since, after all, there is math involved). But the definition of Market Value dictates otherwise. USPAP dictates otherwise [see SR1-2(c)(i-iv)]. The GSE’s sales guides, etc. dictate otherwise. It’s true – we can’t escape cash equivalency. So, we might as well get used to it, get used to understanding it, and get comfortable with calculating it. We don’t have much of a choic...