Discussion in 'General Appraisal Discussion' started by Frederick R. Ruffell, Oct 23, 2009.
You can't be serious. :rof: :rof:
We asked for infomation and the forms they sent clearly stated they are BPOs. In Oregon it is illegal for an appraisal to do a BPO-we will not touch them, but I do wonder why the state allows realtors to do appraisals?
Yup, my thoughts exactly! I would still like to post these documents for examination by some of our USPAP experts here for a definitive answer. And to perhaps "expose" this type of B.S. that is cutting into our livelihood and reputation. You gotta think these guys are selling this product as having the stamp of approval by an appraiser.
All of those politicians and legislators out there, state and federal, that are so hot to regulate.....regulate this! Any product used to value real estate should only be in the hands of appraisers. I'm not going to list the myriad reasons why. We all know enough of them by heart. There are many states that have done the right thing. Come on California.....get with it!.
Here is the study guide they send out.
Edited nevermind the file is too big
Very clearly appraisal
I don't care about the flexibility resulting from the SoW rule, this is utter crap.
Anyone who is fooled into working with these clowns is an idjit.
As a general rule of them, anytime someone tries to come up with creative names for an appraisal I see red flags waving.
WHO are the people / "appraisers" (?) that came up with and are pushing this crap? Here is what I found:
Not appraisers and obviously clueless about appraisals.
From Clear Capital's website:
In my opinion those are scary, scary words.