Can we learn from the mistakes of others?
When the average appraiser thinks about what has happened in the appraisal industry and what is on the horizon, it is so easy to limit our thinking to what has happened in our own backyards. But there are other nations who suffered their own financial crisis. Other countries have high foreclosure rates as well. Hopefully, we can learn from our own mistakes. But can we learn from the mistakes of others? Do other nations struggle with similar issues in the valuation space? How do other countries manage the appraisal process?