WRE bifurcated Survey

[NortheastAppraising]

DO you include that "State Law" within the report ??
It would appear it is directed to an AMC under the State Statute for Licensing under their USPAP Board Licensure requirements ??

That’s in their engagement letter.

 

[bluechip]

As professionals who have invested years of our lives into this industry this one is a no-brainer. JUST SAY NO.

 

[chad hampton]

Agreed, but there is more than just saying no as individuals. Does your appraisal board include appraisal organizations in their meetings where they have discussing the legality of these products with respect to state law, rules, and mission statements regarding public trust? Is your board aware that while USPAP is often ambiguous, there is a very strong case to be made that these products are rarely USPAP complaint as they are currently being ordered and completed. Are you helping to inform your state legislators and assist in crafting legislation?

Cause I can assure you that revaa is doing all of those things. Only they are arguing the exact opposite viewpoint. And if decision makers don't hear the other side, the way revaa sets forth their argument, you would think it's just a given that this is what the future is and it's really not that big of a deal. When USPAP issues are brought up, their reps will just 'matter of factly' say there are no issues with USPAP. If board rules and state laws are brought up, the reps will just say the laws don't matter or are unenforceable in the first place. They will argue that they don't even understand why there is anybody even questioning having unlicensed, unsupervised, 3rd parties performing appraisal related tasks. There spokemen are very well versed in their talking points. No one is saying they are not good at what they do. Hell, I wish the appraiser members of the other side were still appraisers and were on our side. But it's tough when 1 side has paid spokemen whose job it is to go around the country arguing these things and the other side is made up of working appraisers who struggle to take 1 day off of work to even make a day trip somewhere.

Just saying no is never the only thing to do.

 

[Andrei Fin]

As professionals who have invested years of our lives into this industry this one is a no-brainer. JUST SAY NO.

Doing a hybrid appraisal at a decent fee is still better for the profession than doing a full appraisal for a lowball fee. (hybrid with decent fee being a hypothetical scenario at this point). Appraisers have no problem relying on their inept trainees to do their inspections, as long as the money is flowing in the right direction.

 

[J Grant]

Doing a hybrid appraisal at a decent fee is still better for the profession than doing a full appraisal for a lowball fee. (hybrid with decent fee being a hypothetical scenario at this point). Appraisers have no problem relying on their inept trainees to do their inspections, as long as the money is flowing in the right direction.

False/ plus ignorance about what it takes to supervise a trainee. Very few clients accept an appraisal where trainee inspects alone, the cert supervisor to accompany and sign - even if the trainee is allowed to inspect alone the supervisor is still responsible., Why do appraisers make unsupported statements like this that disparage their own profession?

A few bad supervisors do not make up the majority-, what prompted this post ?

 

[chad hampton]

The difference of course being the word "their" in their trainees. Having direct supervision over someone is critical in this process. It is not even fathomable that appraisers should be asked to take the word of any 3rd party that another 3rd party wants to send out to do the field appraisal work.

You would never think of asking another professional to take the word of some unaffiliated 3rd party and put their license on the line for someone they were not directly supervising.

 

[Andrei Fin]

A few bad supervisors do not make up the majority-, what prompted this post ?

I don't think it's widespread today but it certainly was from 2002-2007, and do you think all of those appraisers are gone now?

My point is that much of this indignation about third party inspections is really just about income. If the client offered the same fee to complete just the desktop portion, appraisers would be high-fiving and popping corks, scope of work be damned.

 

[Tawfik Ahdab]

Andrew Fin wrote

“Appraisers have no problem relying on their inept trainees to do their inspections, as long as the money is flowing in the right direction.”

That’s an absurd statement. The majority of appraisers don’t have and may never have had trainees in the first place, so the sweeping statement/generalization should at the very least have been qualified. Most appraisers rely on themselves alone and prefer to keep - and even insist upon keeping - it that way.

More offensively, that statement implies that appraisers with trainees are doing it only for the money

Every trainee is inept on the first day. The whole point of training is to reduce the level of ineptitude. As the training advances, the trainee’s reliability will increase to the point that the trainee will be ready for the next level of professional development.

Just for the record. I’d rather rely on an inept trainee at least under my supervision than some anonymous unknown quantity hired from help wanted ads. The reason for that is simple: Accountability.

 

[Andrei Fin]

Every comp you use, you rely on unaffiliated third parties (assessor's office employees, agents and their assistants) and if you ever do 2055 reports you rely on them for the subject too. Much of the appraisal process is built on the assumption that third party data is reliable. And so far, there is zero evidence that your "license is on the line" by doing a hybrid appraisal, or maybe I am not aware of it.

 

[George Hatch]

These are desktop assignments for the appraiser. As far as them being more likely to be "not USPAP compliant" I would say that the same appraisers who cut corners on one of these assignments are also cutting the same corners on their 1004s. It's the appraiser who makes the appraisal.