February 2019 Newsletter

[Brian Weaver]

Things have changed. Hopefully I'll be able to post more of these.

https://www.idfpr.com/Forms/DRE/RENews/IDFPR Monthly Newsletter - February 2019.pdf

 

[Michigan CG]

Glad things changed so you could post these again.

 

[form1025]

Things have changed. Hopefully I'll be able to post more of these.

https://www.idfpr.com/Forms/DRE/RENews/IDFPR Monthly Newsletter - February 2019.pdf

Things have changed. Hopefully I'll be able to post more of these.

https://www.idfpr.com/Forms/DRE/RENews/IDFPR Monthly Newsletter - February 2019.pdf

I'm assuming it is a positive change, perhaps linked to Lee's posts.

 

[JTip]

As always, a great publication. Other state boards should set their bar this high and keep their appraisers informed.

Thanks for sharing.

 

[apt20]

Glad these are back. Thank you!

 

[sandpiperapp]

I am in New York and I am glad these newsletters are back!!!

 

[BRCJR]

Thanks from Virginia, as well!

 

[Evincere]

Thanks for posting. There’s a Great article on Hybrids

 

[Brian Weaver]

Thanks for posting. There’s a Great article on Hybrids

Yes. It was a positive, post-election change. I was previously stopped from publishing these by management who wanted to produce their own. It took them 18 months to publish one newsletter that was absolutely worthless. This one was started the day after this person left and was completed as I was home with bronchitis. The whole point of these is to help our licensees understand where we're coming from on a variety of issues. The hybrid article stemmed from a great deal of misinformation that was out there. People thought we were banning them...which we are not...just cautioning appraisers on the obvious liability.

What I cannot understand is the fact that a client would rather not pay for the appraiser to go to the property...but pay someone else. Why?

It makes no sense.

 

[Terrel L. Shields]

This is the gist of my belly ache from day one. If I have to vet the inspector, the pay me in advance for that, then we talk scope and fee.

It is the appraiser who must determine just how reliable third party information is before committing to it. Not the client. When should an appraiser determine, as required by USPAP, that a third party inspection was adequate or not? Before the assignment? During the assignment? After the assignment? If it’s before the assignment then the appraiser wouldn’t rely on it at all. How would an appraiser find out during the assignment?​