An Attorney’s Guide to Appraisal Practice
USPAP is the national standard for appraisal practice authorized by Congress. Learn what USPAP covers, why it matters, and how Edge Realty Advisors applies these standards in nationwide litigation and consulting assignments.
What an Appraisal Expert Looks for in a Technical Review for Litigation Time to Read: 5 MinutesTechnical Level: Moderate Attorneys often focus on the number at the bottom of an appraisal: the opinion of value. But that number alone doesn’t establish whether the work is credible, supportable, or logically developed. Credibility of a value conclusion
Continue Reading “What an Appraisal Expert Looks for in a Technical Review for Litigation”
What an Appraisal Expert Looks for When Communication Breaks Down Time to Read: 4 MinutesTechnical Level: Moderate In litigation, an appraisal expert’s opinion of value is only part of the picture. Just as critical is how that opinion is developed, and how it is reported. Even when the methodology is sound, a poorly framed or
Continue Reading “What an Appraisal Expert Looks for When Communication Breaks Down”
What an Appraisal Expert Knows: Development vs. Reporting and Why the Distinction Matters Time to Read: 3 MinutesTechnical Level: Moderate In litigation, attorneys often evaluate an appraisal based on the report, but the report is only the final step in a longer process. It does not create credibility; it reflects the appraiser’s ability to communicate
FRE 702 and USPAP: Meeting Both Standards for Admissible Appraisal Testimony Time to Read: 3 MinutesTechnical Level: Moderate How USPAP and legal standards define credible valuation testimony Rule 702 of the Federal Rules of Evidence (FRE 702) governs expert testimony in federal court. Its most recent significant amendment for expert witnesses took effect on December
Continue Reading “FRE 702 and USPAP: Meeting Both Standards for Admissible Appraisal Testimony”
Appraisal Experts Aren’t Advocates: What That Means for Legal Strategy Time to Read: 4 MinutesTechnical Level: Moderate Appraisal experts follow strict ethical rules, not just technical ones, that differ fundamentally from the duties of legal counsel. Attorneys and appraisers approach litigation from fundamentally different roles, but both operate under professional standards that emphasize independence, ethics,
Continue Reading “Appraisal Experts Aren’t Advocates: What That Means for Legal Strategy”
Understanding Value Differences: Execution Time to Read: 4 MinutesTechnical Level: Moderate In appraisal practice, qualifications alone aren’t enough. Two appraisers can have similar experience and credentials and even define the same assignment scope. However, they still may arrive at very different conclusions. Why? Because credibility is not just what they know, but how work is
Continue Reading “Understanding Value Differences from an Appraisal Expert: Execution”
Understanding Value Differences: Competency Time to Read: 4 MinutesTechnical Level: Moderate Why it’s not art, not pure science, and not guesswork Appraisal is often described as “part art, part science” — especially when two experts come to different conclusions. But that phrase oversimplifies what appraisers actually do and why they sometimes disagree. Appraisal is neither
Continue Reading “Understanding Value Differences from an Appraisal Expert: Competency”
Understanding Value Differences: Scope Time to Read: 4 MinutesTechnical Level: Moderate As appraisal experts, one of the most common questions we are often asked in litigation is why two (or more) appraisals differ in value conclusions. This article explores how Scope, or more specifically identifying the appraisal problem as part of the Scope, may affect
Continue Reading “Understanding Value Differences from an Appraisal Expert: Scope”
Appraisal Review and Consulting Services for Litigation and Complex Matters With over a decade each of experience in litigation-related valuation work, Nicholas D. Pilz, MAI, SRA, AI-RRS and Ira Bellinkoff, MAI, CCIM bring deep expertise to attorneys, agencies, and institutions navigating complex real estate disputes, regulatory matters, and high-stakes transactions. We don’t just offer opinions.
Continue Reading “Appraisal Review and Consulting Services for Litigation and Complex Matters”
