Start Date
12-12-2024 9:15 AM
End Date
12-12-2024 10:15 AM
Description
Have you ever watched an appraiser struggle to prove that his report meets published professional standards? Ever had trouble pinning down the opposing expert’s report deficiencies? Every case needs a USPAP expert. If you are the de facto appraisal reviewer for your litigation team, the best candidate for the post might be you. This presentation will demystify USPAP and give you solid tools for communicating with your expert. You will learn the thirteen most important pages in USPAP, and the two essential words that apply to every written appraisal report. USPAP contemplates input from the client, so I’ll suggest some important jurisdictional and legal questions that your expert should discuss with you before they start work. We’ll also cover USPAP scope of work and record-keeping rules, so that you can convey your assignment expectations with greater clarity. To wrap up, I will point you to a USPAP review checklist to help you and your expert make sure that the bases have been covered. If you teach your expert these litigation-specific USPAP concepts, you will be more likely to get a USPAP-compliant appraisal report, and experience better outcomes during discovery, deposition, and cross examination.
Recommended Citation
Wilson, Shawn MAI, "What you must teach your expert about USPAP" (2024). IAAO Annual Legal Seminar. 2.
https://researchexchange.iaao.org/legal/legal24/sessions/2
What you must teach your expert about USPAP
Have you ever watched an appraiser struggle to prove that his report meets published professional standards? Ever had trouble pinning down the opposing expert’s report deficiencies? Every case needs a USPAP expert. If you are the de facto appraisal reviewer for your litigation team, the best candidate for the post might be you. This presentation will demystify USPAP and give you solid tools for communicating with your expert. You will learn the thirteen most important pages in USPAP, and the two essential words that apply to every written appraisal report. USPAP contemplates input from the client, so I’ll suggest some important jurisdictional and legal questions that your expert should discuss with you before they start work. We’ll also cover USPAP scope of work and record-keeping rules, so that you can convey your assignment expectations with greater clarity. To wrap up, I will point you to a USPAP review checklist to help you and your expert make sure that the bases have been covered. If you teach your expert these litigation-specific USPAP concepts, you will be more likely to get a USPAP-compliant appraisal report, and experience better outcomes during discovery, deposition, and cross examination.