My husband told me that the auditor he had to have his house appraised. He had a $15,000 home that he had never lived in. He had a large family and he never did anything in his life to earn a living until he and his wife started their own business. The appraiser told him that the home was worth between $13,000 and $13,500. He asked to see the appraisal. The appraiser said it was $12,000.
For all the “CPA” buzz, there’s a whole lot that is not CPA in the real world. CPA = Conventional Practice Appraiser. A real estate appraiser is a person who uses a real estate appraisal system to estimate a home’s value. They’ll often use multiple appraisal methods to reach that value.
A CPA appraisal is an appraisal that uses a standardized appraisal process to determine a property’s value in a prescribed way. For example, a CPA appraisal system will use the same standard appraisal method to determine a home’s value if the home is owned by someone who is either an appraiser or a broker. A CPA appraisal system is typically used by real estate brokers who work for a CPA firm.
For many appraisers, it’s not about the CPA, but rather the appraisals they use. For example, a CPA may use one appraisal method while a homebuilder would use a different one.
The reason I’m saying this is because I hear CPA is a word that is often thrown around in relation to appraisers. I know I am guilty of it myself, but don’t take it to mean I’m a bad appraiser, or anything like that. Its just the way its usually used.
Yes, a CPA can issue an adverse opinion, or an opinion that is not favorable, if a client is using a system that is not commonly used by CPA firms. I have seen this happen with clients who have a CPA firm but still use a different method of appraising.
Yes, I know CPA is a word that should probably be banned from the dictionary. I know I should just stop saying it, but its been with me a long time and I have no idea why. If you have a CPA firm, and you use a different method of appraising, then that means you shouldn’t use that method of appraising.
I have no idea why. At least I don’t think I have a CPA firm.
The key to getting the most out of your own company is to find a trusted company that you can trust. Even if it’s a client, your own company may not be the best way to get the most out of their own company. The key is to find a trusted company that you can trust and have it working with you. This way, you will be able to get in touch with them in a timely and effective manner.
If you are an appraiser, or do any type of business, then you have a responsibility to your clients. If you fail to do this then you will be at risk for the failure of your clients. It’s the same with appraisers. If you don’t do this then you may find that your client does not have the best interest in mind. It also means you need to be more proactive when trying to get your clients to think about what they want.