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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: From Your Workfile – TAA Podcast 150
Description: USPAP does not specifically use the term, “…from your workfile…” However, you’ll find your state appraisal board does. In fact, you’ll find the board uses this phrase a lost. Given that, let’s spend some time on what the phrase means how we appraisers must comply with it.
“From your workfile” means just that. Under USPAP’s Standard 1, the appraiser has the ethical obligation to have enough materials, data, analyses, and so forth to support everything. In this instance, everything means every conclusion, statement of fact, opinion, etc. A lot of appraisers ask why this is necessary. To support e...