National Appraiser Boycott

[djd09]

dividers like to divide...same story a different day

 

[George Hatch]

Bleeders like to bleed. The uncontrolled leakage is distressing to watch, though.

 

[J Grant]

Pull it up. My signature is #1 and I helped write it. For the 20TH time I will tell you there far too few appraisers to lobby against NAR, Big Banking and others that send money to Washington, DC on a regular basis.

Props for writing it and being out front on the petition. I am proud that it exists even though it did not accomplish its goal.

I agree that there are too few appraisers willing to lobby, but it would not matter much at this point if there were. Where has that gotten appraisr after all these years? It is not their fault; anyone who shows up deserves praise, but their opposition, the lenders and AMCs ( aligned with the GSEs), are too deep-pocketed and influential and can literally buy regulators and policy to favor their interests.

The only chance imo (outside of another market crash) is if a future lawsuit or class action suit is successful, or the newer generation of appraisers encounters the corruption and obstacles we were not able to fight successfully - but they have something we did ot -- they are social media savvy. The right person or group can get a story to go viral. A petition signed by a few thousand appraisers is invisible, whereas an expose or story or a site on social media can generate millions of clicks and followers.

 

[djd09]

yep...cheerleaders like to cheer...and sign nda's

 

[chad hampton]

Too bad we didn’t have 11,000 appraisers who belonged to their state coalition instead of 11,000 who took 30 seconds to sign their name to a piece of paper thinking it would make a difference.

But that would’ve taken some effort. Throwing your name on a piece of paper isn’t too impressive.

I stand corrected, it did make a difference, it made things worse

 

[J Grant]

Too bad we didn’t have 11,000 appraisers who belonged to their state coalition instead of 11,000 who took 30 seconds to sign their name to a piece of paper thinking it would make a difference.

But that would’ve taken some effort. Throwing your name on a piece of paper isn’t too impressive.

I stand corrected, it did make a difference, it made things worse

The petition did not make things worse. The petition was IGNORED. It existed years before the HVCC came out. The feds did not separate the appraiser from loan officers or mortgage brokers because of the petition. They separated them becaue of the big run-up of prices and the housing market crisis.

The appraisers to blame for needing separation were the over 11,000 who inflated values and did comp checks back when that was prohibited. I did a lot of forensic reviews and the inflated values were really awful and easy to spot. IDK how many of them lost their license but not enough. Blame those appraisers, because if they had said no, appraisers would have been respected for standing up to pressure instead of caving to it.

 

[J Grant]

Too bad we didn’t have 11,000 appraisers who belonged to their state coalition instead of 11,000 who took 30 seconds to sign their name to a piece of paper thinking it would make a difference.

But that would’ve taken some effort. Throwing your name on a piece of paper isn’t too impressive.

I stand corrected, it did make a difference, it made things worse

If throwing your name on a piece of paper took 30 seconds and was not a big deal, then why didn't everyone, or nearly everyone, sign it ? Was it sent to every appraiser? I assume it was.

. The fact that only 11000 signed shows it was not about the effort of signing; it was about the exposure, having your name on it. Or, maybe a lot of appraisers did not care, and/or liked that the lenders had no consequence for pressuring to hit value, because the number hitters kept very busy that way.

 

[Bob Ipock]

If throwing your name on a piece of paper took 30 seconds and was not a big deal, then why didn't everyone, or nearly everyone, sign it ? Was it sent to every appraiser? I assume it was.

. The fact that only 11000 signed shows it was not about the effort of signing; it was about the exposure, having your name on it. Or, maybe a lot of appraisers did not care, and/or liked that the lenders had no consequence for pressuring to hit value, because the number hitters kept very busy that way.

I went on a Charlotte, NC radio show, had several articles in the Charlotte Observer, attended and spoke at a FED meeting in Charlotte, spoke at the NC appraisal board several times, sent emails to all NC legislators and despite what you think......the general public could not care less, Realtors want appraisals faster and cheaper, there are far too few appraisers to sway congress and there are millions of people who believe they are underpaid. Others sent the petition to Congress and their state legislators, the AI knew all about it, every appraisal organization in America knew about it, every appraisal publication knew about it. Appraisers outside the AMC realm don't have much to say as it does not affect them. It is a total fantasy that the AMC issues are important to people with no dog in the hunt.

 

[Bob Ipock]

Here, see how this turned out for LA. https://www.ftc.gov/legal-library/b...louisiana-real-estate-appraisers-board-matter

 

[Bob Ipock]

https://www.ftc.gov/news-events/news/press-releases/2017/05/ftc-challenges-louisiana-real-estate-appraisers-board-regulations-restrict-competition