The New USPAP

[George Hatch]

The 10th Amendment acknowledges the rights of the states to enact and enforce their own laws, so long as not in conflict with federal law. This happened a long time ago.

 

[djd09]

based on the commie theory of law making...Xi, putin, madoff, or bankman could write standards that are incorporated by reference

 

[djd09]

The 10th Amendment acknowledges the rights of the states to enact and enforce their own laws, so long as not in conflict with federal law. This happened a long time ago.

Amendment Ten to the Constitution was ratified on December 15, 1791. It makes clear that any powers that are not specifically given to the federal government, nor withheld from the states, are reserved to those respective states, or to the people at large.

just making up your own facts...nothing new

 

[Surf Cat]

I copied this quote from another appraisal website a few years back. I believe it fits here.

Just hypothetically speaking, what if the public trust has been eroded beyond repair by distributors, and continuing to alter the appraisers specific rules has become meaningless? Where is the continually evolving rules for management companies and other appraisal order distributors? Where is the ethical requirements for these people whom likely already outnumber appraisers? The end draws near.

 

[Fernando]

If you can't amaze them with ability. Baffle them with BS

Are you talking about Trump?

 

[Fernando]

Appraisal Foundation: Appraisers must take course on bias​

Group, which enforces standards for appraisers, also extended the current version of USPAP through 2022


March 3, 2021, 2:19 pm By Tim Glaze


Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it will still be requiring all appraisers to take a seven-hour course focused on fair housing laws and bias.

Although this is common practice every two years, this year’s exam is critical, as a series of well-publicized instances have come to light where white appraisers were accused of valuing homes for minorities at lower values than whites in the same neighborhood.
The new seven-hour course will be released later this year and will focus on “timely appraisal topics,” as well as giving test takers resource materials to better answer questions that may come up during an appointment.

“Specifically, the first half of the course will focus on guidance and discussion on how USPAP addresses issues related to fair housing laws and bias,” said Lisa Desmarais, vice president of appraisal issues at the Appraisal Foundation. “This part of the course will concentrate on how to avoid both bias and the perception of bias in appraisals.”
The second half of the course will include test exercises consisting of “case studies” with several questions each. The answers to these questions will be supplied to the test taker, but they will have to figure out where those answers can be found within the book on standards, called the Uniform Standards of Professional Appraisal Practice (USPAP).

The case studies were developed using data collected by the Appraisal Foundation of all the USPAP-related questions received. The most common questions and issues were then chosen as topics for the test.

“In this way, we are directly reacting to appraisers needs to maintain and enhance public trust, as well as be a valuable and useful resource for appraisers with relevant and timely course materials,” Desmarais said. “Essentially, we are concentrating on helping appraisers master USPAP, so they can more easily apply these tools in their day-to-day appraisal practice.”

In concert with the required seven-hour course, the Appraisal Standards Board announced that it will extend the current edition of the USPAP through Dec. 31, 2022.
In a statement, the Appraisal Foundation’s Appraisal Standards Board Chair Wayne Miller said “pressing issues” have arisen in appraisals over the past year, ranging from concerns about fair housing matters to how to conduct a socially distanced property inspection in the midst of COVID-19.

“USPAP is a maturing document, and it can take longer to study the complex issues facing our profession and how they will impact our standards,” Miller said. “We believe all of these are all critical issues and deserve thoughtful consideration before we issue guidance.”

Added Desmarais: “The current environment demonstrated the need to re-focus on this very relevant and important topic.”

Appraisals were already a hot-button topic in the housing industry with the onset of COVID-19, as many prospective homebuyers and sellers transitioned to online portals and companies that offered virtual appointments. This led to an uptick in hybrid appraisals, and with it, some concern from the appraisal industry on the future of their jobs.
Considered the quality control standards for property appraisers, USPAP was adopted in 1987 by a joint group of U.S. and Canadian appraisal organizations – the same groups that eventually created the Appraisal Foundation. Soon after, the Appraisal Foundation took control of USPAP.

All U.S. states and territories require appraisal licensure for valuation work on federally regulated institutions, and 35 of those states and territories require appraisal licensure for all valuation work performed.

Appraisal Foundation: Appraisers must take course on bias

The newest edition of USPAP will include a required seven-hour course for all appraisers, focusing on valuation bias in the field.

www.housingwire.com

buy the book...take the class...snake oil saleswomen

The course should also teach appraisers not to appear racist in their demeanor, speech, and behavior. Should be obvious but some appraisers have attitudes (as you can see in AF).
Some appraisers don't know how to interact with owners/occupants and thus upsetting them.

 

[George Hatch]

Amendment Ten to the Constitution was ratified on December 15, 1791. It makes clear that any powers that are not specifically given to the federal government, nor withheld from the states, are reserved to those respective states, or to the people at large.

just making up your own facts...nothing new

LOL - made you look it up.

No fabrication necessary. The 10th is part of the original Bill of Rights, and explicitly enumerates the limits of the federal government insofar as the rights of the states to enact and enforce their own laws.

Either your state has the right to enact such laws or it doesn't.

 

[djd09]

LOL - made you look it up.

No fabrication necessary. The 10th is part of the original Bill of Rights, and explicitly enumerates the limits of the federal government insofar as the rights of the states to enact and enforce their own laws.

Either your state has the right to enact such laws or it doesn't.

what are the powers of the federal gov...tax? declare war? and bailout the banksters

 

[George Hatch]

Regardless, if U-B-mad about what your state board is doing then that's where lie your complaints.

 

[djd09]

when and what standard 'update' has made the appraiser more independent, impartial, or objective???

the shills will never quote that one...where is DW