Ain’t No Way to Run a Railroad
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Appraisers get frustrated with the constant changes and revisions every two years…
Folks, attached is the 1st Exposure Draft of changes to the NEXT “bible” of our industry. Read this over and then send in your comments per the instructions.
With this draft, the ASB is desiring to simplify much of the document to make it easier to read and understand. There are numerous proposed edits you’ll see when you read it. They explain their rationale for the changes. This is appreciated.
I’m also glad to see they have added to the Definitions the words “State” and “Summarize” which have not been easily understood, and either have not been explained or were buried somewhere within previous versions of USPAP.
While I tend to read USPAP for fun, but not so much profit, I and lots of other appraisers get frustrated with the constant changes and revisions every two years. This is partly due to the new members who rotate onto the Appraisal Standards Board regularly. Apparently the modus operandi is to give them something to do, and make them feel important, while they serve on that panel for several years.
But to be honest, it’s frustrating to have to sit through the update classes every two years, just because the previous version “ain’t good enough”, or so it seems.
Plus, it makes really teaching USPAP contextually to the huddled masses more difficult. Instead of learning this document deeply, we are forced to concentrate on the changes. Frankly, there is a huge disrespect and lack of understanding for this document among appraisers, even though appraisers are required to comply with everything in it. This “ain’t no way to run a railroad”, in my humble opinion.
USPAP should be kept in place for at least 4 years so it can properly season, and appraisers can get used to it, before new revisions are made.