You’re on the Menu
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Would it be misleading to disclose you performed a personal inspection of a property done with significant appraisal assistance in which you relied on supported demographics?
The Appraisal Foundation has issued a discussion draft to answer this question and others similar to it and wants your opinion. Now we understand that some of you will comment about what’s the point and some will state they don’t have time to participate; others will simply ignore it all together.
Someone once said “If you don’t have a seat at the table, you are on the menu.” This could not be more accurate. The Appraisal Foundation has invited you to the table. The discussions on this topic will determine what if any changes will be made to the 2023 USPAP. VaCAP encourages everyone to take a few minutes and read what the issues are and then give them some serious thought on what if anything should change.
The Virginia Real Estate Appraiser Board Meeting is scheduled for June 1st at 10:00 AM. See the meeting details and agenda in Townhall.