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The Appraiser Coach Podcast

Listen while you drive to and from appraisal inspections as Dustin Harris, The Appraiser Coach, gives you helpful tips, tricks, ideas, and principles which will make you a better appraisal business owner. Dustin has been a successful real estate appraiser for many years. As the Appraiser Coach, he has made it his life’s mission to teach other appraisers across the country to also succeed and thrive as real estate appraisal business owners. Join Dustin each week as he keeps you informed with the latest in the appraisal profession, interviews movers and shakers, talks to your peers about what is important to them, and shares with you his secrets to incredible success.

Aug 19, 2015

Geographical competency.  Does it exist?  What is it?  Are we going the wrong direction with it's implementation?  

J Lang
eight and a half years ago

You are exactly right, the appraiser must obtain (seek-out) adequate market knowledge & data to properly complete the assignment. In some respects we need to update our knowledge of the market even with the immediate area of our office, as it's a constant learning/updating process in all areas that we perform assignments. Mileage is not the determining factor.

Richard Bronstein
eight and a half years ago

Reviewer's should be required to have geographical competency.

eight and a half years ago

GC was a campaign started by NAR due to the downward value spiral post 2008. Soon after the LO's, then AMC's adopted as well.

GC as defined by NAR and AMCs is restraint of trade-period.

If you are a rural appraiser this destroys your ability to make a living. One can be boycotted, mess up on a silly mistake, etc.

Like GC AMCs, have interpreted Dodd Frank to meet their business needs. AMC's are not GC and they act illegally and that's the problem.