© Southeast Appraisal Resource Associates, Inc. 2019
APPRAISAL VALUATION APPLICATION TRAINING
Southeast Appraisal
Assuming that appraisers / valuers are acting professionally the writer sees the two most significant
problems within our industry as:
1.
Lack of multi-discipline training
2.
Lack of application training
Yes, I am on a crusade to enhance our current lack of multi-disciplinary training. However, this essay
treats the latter, being the egregious misapplication of appraisal methodology and/or value concepts to
an appraisal / valuation problem. Yes, USPAP has taken us deeper into professionalism by requiring
enhanced statements relating to the appraisal problem, scope of service, intended use and user,
reporting, and so on.
But we need to go further. Even professionals, acting as they believe they should, too often err in their
solving of the appraisal problem by applying the incorrect value concept and/or the wrong level
(accuracy requirement and reporting) to the assignment.
Cure: We need cross-discipline appraisal / valuation training. And before or after, or currently with cross-
discipline training, we need appraisal / valuation cross-discipline application training.
Areas to cover would be:
1.
Insurance
2.
Eminent domain
3.
Purchase price allocations
4.
Cost segregation
5.
Fair value accounting
6.
Transfer pricing
7.
And so on
It’s time for us to get going on this.