Tag Archives: USPAP

It’s Just Responsible Journalism

The local television station WWBT, NBC 12 in the Richmond market is airing a story on Thursday February 22 during the 6:00 News Broadcast about racial bias in real estate appraisals.  We know this is not a new topic and previous stories that have aired have been extremely one sided and not from the appraiser’s… Read More »

Could it be True?

  At the recent Virginia Appraisal Board Meeting on Wednesday June 28th,  a discussion occurred about Appraisal Management Companies prohibiting appraisers from including their invoices with the appraisal report.  The overall consensus of the Board Members was this practice could be a violation of Virginia Appraisal Management Company Statute § 54.1-2022 B.  “B. The appraisal… Read More »

Have a Seat Please

              “If you don’t have a seat at the table, you are on the menu.”     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? Well maybe… The Appraisal Foundation has… Read More »

The Appraiser’s Conundrum

The Appraisal Foundation has issued an exposure draft for Advisory Opinion 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. Unlike other exposure drafts, the text of the advisory opinion has been rewritten. The traditional strike through of word or phrase changes is nonexistent.… Read More »

Pause- Take Action Now!

This is a call to action!  Comments on the proposed changes to the 2022-23 USPAP are needed The proposed changes to the reporting requirement of Standard 2 may impact the profession negatively and confuse the public on who we are and what we do. We ask that each and every one of you pause for… Read More »

Hybrids and the State Appraisal Board

Some are for and some are opposed. It is a business decision on which types of assignments you choose to accept.  If you choose to complete a hybrid or bifurcated appraisal, you need to pay attention and ask yourself a few questions.  Is the fee I am receiving for completing this assignment reasonable for the … Read More »

USPAP Class Registration Extended

VaCAP has extended the registration for our USPAP Classes in February until 6:00 PM Sunday January 26th Lunch is provided by VaCAP in Virginia Beach  and First Bank is providing lunch in Abingdon We can not guarantee you seat if you miss the deadline, so register now.  This is an AQB approved required course taught… Read More »

Breaking News: Warning to Appraisers

Your Personal Information is Being Sent to Multiple Unknown Companies by Amrock! VaCAP has learned this morning Amrock, a nationwide appraisal management company, has sent the personal and financial information of their appraisal panel to a third party to issue 1099’s. Sadly, this company in turn has sent your personal and financial information to another… Read More »