Online MAI demo - improving the profession?

[Stone]

I appear to have found an AI support area.....lol...most appraisers I deal with are disillusioned about all the existing large appraisal associations and feel more like they have let down their own members and the appraisal profession as a whole.

Before letting the hair on the back of your necks stand up get defensive, I am very interested in learning how the existing associations fought back to the abuses of new appraisers, how they fought the implementation of the AMCs, how they fought to keep the appraisal process unbiased and un-compromised, did they fight for the collateral based loans when credit worthiness was becoming the norm, did they create rules for the professional members to keep from investing in the AMCs and thereby protecting the independence and integrity of the appraisal profession? And who suffered the most, the lending or appraisal professions, or the consumer?

Appraisers need to speak out for adequate property inspections and full appraisals reports that protect the consumer and investor, whether they want it or not.

The appraiser was always supposed to report the accurate value of the subject property, regardless of the intended use of the report and the desires of the participants of the transaction........to report the estimated value based on market data that was defend-able and supportable. The appraisers that stood their ground for honest and competent reports and would not cave into the pressure lost work for their integrity and all the "in place" associations, foundations and state and federal regulatory departments allowed it to happen. So jump on board as they call for more members, more power and more support.

I am waiting and watching for something new that promotes integrity, honesty and competency. Only then will appraisers regain the public trust.

I have to go, so I won't be able to read all of you yelling at me. I am new here so I will await my chastising because you have discussed it all before. I will not tire of attempting to accomplish what is right for the appraisal profession, when this is over and the fat lady sings, I will be tapping my feet in rhythm because I did not tire, regardless of the outcome.

That all sounds great, though you didn't answer the question. I'm not sure what any of it has to do with education and ethics.

I'm not, and have never been, an AI member. But, I get really tired of the responses dissing education when the AI or, heaven forbid, education beyond high school is mentioned.

Since you wrote that you are new to this, I'll help out - when you make a statement, you should expect replies. That isn't "yelling".

 

[Michigan CG]

I appear to have found an AI support area.....lol...most appraisers I deal with are disillusioned about all the existing large appraisal associations and feel more like they have let down their own members and the appraisal profession as a whole.

Before letting the hair on the back of your necks stand up get defensive, I am very interested in learning how the existing associations fought back to the abuses of new appraisers, how they fought the implementation of the AMCs, how they fought to keep the appraisal process unbiased and un-compromised, did they fight for the collateral based loans when credit worthiness was becoming the norm, did they create rules for the professional members to keep from investing in the AMCs and thereby protecting the independence and integrity of the appraisal profession? And who suffered the most, the lending or appraisal professions, or the consumer?

AMC's have been around for quite some time and only recently became a disease. What would you like the professional organizations to do? How does, let's say, the AI with less than 20,000 members lobby all 50 states and congress? How does the AI fight to control a market and suggest legislation in a booming market when the banking industry has far superior funding and influence in legislatures?

The appraisers that stood their ground for honest and competent reports and would not cave into the pressure lost work for their integrity and all the "in place" associations,......

How are appraisers being forced to cave in to all the "in place" associations?

Tell us your solution. Or is it just time for the monthly AI bashing?

 

[Old Guy]

That all sounds great, though you didn't answer the question. I'm not sure what any of it has to do with education and ethics.

I'm not, and have never been, an AI member. But, I get really tired of the responses dissing education when the AI or, heaven forbid, education beyond high school is mentioned.

Since you wrote that you are new to this, I'll help out - when you make a statement, you should expect replies. That isn't "yelling".

I will answer the question more plainly. I feel it was answered in the longer statements. I was hoping for replies that echo a desire to reinstate the word professional into the lending industry and appraisal profession.

Answer:

The current national real estate crisis is a result of "professing" real estate professionals ignoring their education and ethics in their respective areas of lending, appraising, marketing and selling property.

Requiring more education will not assure ethical behavior, but professionals with ethics will seek more and better education. The ethics need to be addressed at the present time. the rest will fall into place.

I apologize, after reading my comments, it was late last night, I realized I was prepared to be defensive.

If you would like to help me with this forum, how do I keep the forum from timing out on me as I write longer replies? I had a well written explanation that disappeared when I re-logged in? Almost forgot what it feels like to be a rookie......this forum structure has reminded me.

 

[Old Guy]

AMC's have been around for quite some time and only recently became a disease. What would you like the professional organizations to do? How does, let's say, the AI with less than 20,000 members lobby all 50 states and congress? How does the AI fight to control a market and suggest legislation in a booming market when the banking industry has far superior funding and influence in legislatures?



How are appraisers being forced to cave in to all the "in place" associations?

Tell us your solution. Or is it just time for the monthly AI bashing?

I am not bashing any of the associations, there are many excellent appraisers in the national and local memberships of many associations. The solution is united "ethical" appraisers, lenders and real estate agents.

The pressure came from the originating lenders and the AMCs. That cannot be denied by anyone. My statement, the rest of the quote, went on to say that the existing associations and regulatory boards did nothing to sway the tide. The AI in particular has some of the most influential appraisers in the nation and neglected to use that influence for the profession as a whole. Their focus, and rightly so, is for their membership.

Also, the AMCs have been a major part of the real estate issues and problems since the first one emerged from the water....

They only got as powerful as they did because of the booming market, all appraisers and lenders had work and the AMCs were ignored. They started small and grew due to the silence of us all. As a Fannie Mae consultant in the early 90's I watched as Fannie Mae reps sent my work to a lender with a new AMC and it eventually became -----------. However, the lack of diligence, ethics and competency from a majority of the appraisers hired by the AMCs cannot be ignored. Appraisers played into the hands of AMCs, lenders and large banks. The lenders and AMCs had the same foucus.....profit and greed.

 

[Couch Potato]

Requiring more education will not assure ethical behavior, but professionals with ethics will seek more and better education. The ethics need to be addressed at the present time. The rest will fall into place.

I like that comment. Glad to have you here.

Don't take criticism of any post too seriously. The one guarantee in this forum is somebody disagrees with you, no matter what the topic or your position. Likewise somebody else will agree with you.

 

[Ken B]

Believe it or not, most of us are fairly busy. Long, rambling posts are generally ignored. Conciseness is highly appreciated, although I understand your desire to be understood through lengthy explanation.

If you must draft a long post, create it with your word processing software, then cut and paste to the forum.

There are cliques here with very strong opinions about pretty much every aspect of the profession. Opinions are often quite divergent and "discussion" can become fairly heated. Defensiveness is almost an expected state of mind. There are a few (very few) who generally display the highest professionalism and courtesy to most of us. Some of us are nothing more than bores. Most of us fall between the two categories with leanings one way or the other depending upon the phase of the moon or some other irrelevant reason.

If you are going to become a "regular", expect there to be a "start-up" period during which you will establish credibility here. It also helps to have a thick skin and to expect others to disagree with you for reasons you may not comprehend.

I will answer the question more plainly. I feel it was answered in the longer statements. I was hoping for replies that echo a desire to reinstate the word professional into the lending industry and appraisal profession.

Answer:

The current national real estate crisis is a result of "professing" real estate professionals ignoring their education and ethics in their respective areas of lending, appraising, marketing and selling property.

Requiring more education will not assure ethical behavior, but professionals with ethics will seek more and better education. The ethics need to be addressed at the present time. the rest will fall into place.

I apologize, after reading my comments, it was late last night, I realized I was prepared to be defensive.

If you would like to help me with this forum, how do I keep the forum from timing out on me as I write longer replies? I had a well written explanation that disappeared when I re-logged in? Almost forgot what it feels like to be a rookie......this forum structure has reminded me.

 

[JT1974]

Does anyone have anything to say about the subject of this thread, which is the ONLINE DEMO PROPOSAL?

Or is this just the latest thread to bash the Appraisal Institute?

I think there should be a weekly AI bashing thread so that people like "Old Guy" can whine and complain with like minded complainers. I'm just so sick of people hijacking threads only to repeat the same tired old crap.

If anyone has a comment or suggestion for the ONLINE DEMO PROPOSAL feel free to post here. Otherwise, go start a new thread for all of the childish complaining.

 

[PL1957]

If anyone has a comment or suggestion for the ONLINE DEMO PROPOSAL feel free to post here. Otherwise, go start a new thread for all of the childish complaining.

JT, I’m really not sure what I think of the proposal. On the one hand, I think it’s great that the AI is looking at designation requirements and is aggressively trying to figure out a way of addressing people’s concerns without diluting the overall requirements. I think having a 6-month deadline as well as an on-line mentor are both phenomenal ideas. They provide needed structure, motivation and feedback that should help people through the demo.

On the other hand, I think a significant component of professionalism is the ability to take on a difficult, arduous assignment and see it through to completion independently, without any assistance. Does the on-line demo water that down? Does it matter if it does?

 

[Ken B]

Despite the Title of the thread, it is clearly intended to be an AI bashing thread.

Does anyone have anything to say about the subject of this thread, which is the ONLINE DEMO PROPOSAL?

Or is this just the latest thread to bash the Appraisal Institute?

I think there should be a weekly AI bashing thread so that people like "Old Guy" can whine and complain with like minded complainers. I'm just so sick of people hijacking threads only to repeat the same tired old crap.

If anyone has a comment or suggestion for the ONLINE DEMO PROPOSAL feel free to post here. Otherwise, go start a new thread for all of the childish complaining.

 

[Old Guy]

Does anyone have anything to say about the subject of this thread, which is the ONLINE DEMO PROPOSAL?

Or is this just the latest thread to bash the Appraisal Institute?

old guy: As I stated I am not bashing anyone.

I think there should be a weekly AI bashing thread so that people like "Old Guy" can whine and complain with like minded complainers. I'm just so sick of people hijacking threads only to repeat the same tired old crap.

old guy: I am not whining, I am complaining about the current situations we all are facing. I did not intentionally hijack anything. Thought I would make some of my concerns and solutions known to peers in areas I do not normally reach. I believe if we are not a part of the solutions we are a part of the problems. Also, if this is the professional way we are to speak to one another, I would rather be somewhere else.

If anyone has a comment or suggestion for the ONLINE DEMO PROPOSAL feel free to post here. Otherwise, go start a new thread for all of the childish complaining.

Once I figure it out, I will probably do that. I found this one by accident and I am not sure how to surf this forum site yet. I apologize for offending you. Just like in an appraisal review. You should focus on the content of the data, not the intent of the appraiser. And by the way, if the state of this profession is tired old crap, why are you concerned with new ways to get approved into it?