• Welcome to AppraisersForum.com, the premier online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Significant Appraisal Assistance (1004p)

Status
Not open for further replies.
Michigan CG said:
The GLA for all the comps was obtained through assessor records. The GLA of the subject property was obtained from an inspection ordered by my client.
Click to expand...

A clear way to explain it.

Have you ever done an appraisal where someone else ,( a person you did not choose, supervise or interact with), did the interior and exterior inspection/measured ?
 
Ironically I just got an e-mail for CE to become a Home Measuring Specialist. https://appraiserelearning.com/prod...-15574809&mc_cid=8118161e4e&mc_eid=454259b44c

What is it?

The Home Measurement Specialist programs are visual online classes for real estate agents or appraisers who are looking for specialized training in measuring and understanding the influence of residential square footage. Students leaving this program will be positioned to increase their profitability, enhance their level of client service, and confidently expand their business in a market where “precision” and “quality” are being elevated to new levels.
 
Terrel L. Shields said:
They cannot change the obvious but have to make some change every other year...the very pinnacle of bureaucracy at work...The huge changes made in 1994 seem to be unravelling slowly and we are almost back to 1992... insanity.
Click to expand...

This will be a different kind of "insanity"...the bureaucracies might want to take heed from the failed Boeing algorithms and self driving cars that are crashing- handing more and more of human judgement over to software and big data/algorithms begets its own distortions that will soon play out in real time in housing markets as fewer human judgement are made in the valuation and lending process and more is automated (or the human rushed and rubber stamping, which is a desktop "appraiser" pumping out 3 a day and not going into the field) .The potential for fraud is enormous, aside from hackers or fake online lenders who spring up to make a bunch of fraudulent "digital mortgages" refinances or HELOC's and then disappear , to distorted values, the distortions growing .as fewer appraisers with field experience remain on res lending side..

OPendoor and some online platforms aka similar to Zillow are now buying and selling direct, not just advertising for RE agents...the sites offer r "free" valuations...their own AVM;s will valuate a house, the parties rely on it and buy and sell based on it...
 
Mr Rex said:
Ironically I just got an e-mail for CE to become a Home Measuring Specialist. https://appraiserelearning.com/prod...-15574809&mc_cid=8118161e4e&mc_eid=454259b44c

What is it?

The Home Measurement Specialist programs are visual online classes for real estate agents or appraisers who are looking for specialized training in measuring and understanding the influence of residential square footage. Students leaving this program will be positioned to increase their profitability, enhance their level of client service, and confidently expand their business in a market where “precision” and “quality” are being elevated to new levels.
Click to expand...

You are all for the new world order of non appraisers inspecting so here it is!
 
J Grant said:
You are all for the new world order of non appraisers inspecting so here it is!
Click to expand...

I certainly am not for a move to the 1004P model, but I understand that just because you don't like something means that you ignore the reality or come up with some sideways mis-interpretation of existing rules and regulations.
 
Last edited:
Seems it will soon take a "village" to appraise...will it be village idiots ..perhaps in terms of market and field experience, but far from idiots since they are "innovating" to insert themselves into the appraisal and take a piece of the $.

The village will be the inspector to go onsite, a software company to do analytics, a management company to do admin and a RE agent to send the ROV of "comps" to consider. when a value does not make everyone happy. What small remnant of fee or input will remain for the the one member of this "village" ( the appraiser,) who signs and is responsible for the report....
 
Last edited:
At the present time USPAP neither requires nor prohibits the disclosure of the name of a non-appraiser inspector or the source of the inspection data. However, the ASB is examining whether USPAP should include such a requirement. The practice of using non-appraisers to perform an inspection is one example of an issue that the ASB will consider because USPAP is a “living document” that takes into account changes in the marketplace.The USPAP Q&A is posted on The Appraisal Foundation website(www.appraisalfoundation.org). The ASB compiles the USPAP Q&A into the USPAP Frequently Asked Questions (USPAP FAQ) for publication with each edition of USPAP. In addition to incorporating the most recent questions and responses issued by the ASB, the USPAP FAQ is reviewed and updated to ensure that it represents the most recent guidance from the ASB. The USPAP Frequently Asked Questions can be purchased (along with USPAP and USPAP Advisory Opinions) by visiting the “Foundation Store” page on The Appraisal Foundation website.For further information regarding USPAP Q&A, please contact:John S. Brenan, Director of Appraisal Issues The Appraisal Foundation 1155 15th Street, NW, Suite 1111 Washington, DC 20005 (202) 624-3044(202) 347-7727 faxjohn@appraisalfoundation.org


It says the above on page three.
 
lawyers love the phrase 'misrepresentation of material facts'.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com
Back
Top