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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP and ROVs -TAA Podcast 135
Description: When you think about USPAP and ROVs (Reconsiderations of Value), gentle and peaceful thoughts are not what come to mind. Somebody wants you to reconsider your value conclusion. That is a gentle way to say, “I think you’ve made a mistake!” But let’s face facts – we all make mistakes. And given the state of the appraisal art – with our dependence on 90-year-old protocols and techniques – that we do not make more is a surprise.
In the context of USPAP and ROVs, if a borrower initiates one, they think we have made a mistake. Maybe we did. But maybe not...