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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP, Facts, and Opinions
Description: When it comes to USPAP, facts, and opinions, there is a lot of confusion out there. This podcast helps to unravel the facts from the opinions, the truth from the hype. It follows, then, this podcast points some of these out, right?
Some appraisers think that with USPAP, there is confusion over what is a fact and what is an opinion. As a result of this confusion, the appraiser’s facts are often wrong, so the appraiser’s opinions lack credibility. USPAP defines an appraisal as “…the act or process or developing an opinion of value…”, but it does not defin...