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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP, SR1-6, and Reconciliation: TAA Podcast 154
Description: USPAP, SR1-6, and Reconciliation are central to producing a credible opinion of value in any real estate appraisal report. The 2024 Uniform Standards of Professional Appraisal Practice (USPAP) emphasizes that reconciliation is not just a procedural formality—it is an essential component of value development. According to USPAP’s Standard Rule 1-6(a), appraisers must reconcile the quality and quantity of the data analyzed within each valuation approach. This rule underscores the importance of critical thinking and professional judgment in ensuring the appraisal is not merely mechanical, but rooted in logic, accuracy, and market relevance.
USPAP, SR1-6...