About this episode

The episode discusses the importance of reconciliation and professional judgment in real estate appraisal under USPAP guidelines.

Reconciliation, Becoming, and Public Trust in Real Estate Appraisal Reconciliation under USPAP SR 1-6 is often treated as a technical step at the end of the appraisal process. In practice, it is far more than a mechanical exercise. True reconciliation is not about averaging numbers or following software defaults—it is about professional judgment under uncertainty. USPAP requires appraisers to reconcile the quality and quantity of data, as well as the relevance and applicability of the valuation approaches used. This places reconciliation at the core of appraisal ethics, not just methodology. It is the moment where the appraiser must take responsibility not only for the final value conclusion, but for the reasoning that produced it. From a philosophical perspective, reconciliation reflects what Søren Kierkegaard described as “becoming”: the transition from following procedures to standing personally behind one’s own choices. In this sense, reconciliation is an existential act. The appraiser cannot hide behind forms, templates, or algorithms. They must interpret conflicting evidence, assess uncertainty , and justify why certain data deserve greater credibility than others. This…

People in this episode

Host: Timothy Andersen

Topics covered

• Reconciliation
• Professional Judgment
• Real Estate Appraisal
• Appraisal Ethics
• Public Trust

Keywords

• USPAP
• Reconciliation
• Professional Judgment
• Real Estate Appraisal
• Appraisal Ethics
• Public Trust
• Data Quality
• Valuation Approaches

Mentioned in this episode

Organizations: USPAP

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