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A Government Appraisr Selection Agency is necessary

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Mystery man3

Junior Member
Joined
Jul 26, 2005
Professional Status
Certified Residential Appraiser
A Government Appraiser Selection Agency is necessary

What we need is a government agency like what the Veterans Affairs Department has for selecting appraisers. If appraisers are not selected at random there will always be some influence being placed on the appraiser. The government agency should determine the fixed fee and pick the appraiser.

AMC's won't work because they can be influenced by lender pressure just as easy as an appraiser. Even if the AMC's are not allowed to discuss value with an appraiser what stops them from picking the appraiser that "seems" to bring the appraisal at a higher value in order to please their lender client.

Some may call a government selection agency socialism but just to inform you the U.S. Government is already heavily involved the mortgage industry. The government buys bad loans in order to insure the survival of the big banks so the economy does not collapse. Since the banks know that they are "too big to fail" and the government will bail them out they will continue to want risky loans to maximize profits. The government intervention rewards risky loans. Which is why the free market just doesn't work for appraiser selection.

Jeffrey Baird B.A. Economics
 
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Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
I'll quit appraising the day VA selection takes over. Too much of a good ole'
boy network.
 

Mystery man3

Junior Member
Joined
Jul 26, 2005
Professional Status
Certified Residential Appraiser
As opposed to the "right value" appraiser network.
 

woodyva

Sophomore Member
Joined
Jun 6, 2008
Professional Status
Certified Residential Appraiser
State
Virginia
While working with George Dodd on the IVPI he and others had come up with a selection process similar to VA. I agree that free market i sthe right way to do things, but there is an obvious issue with the quality of many of the appraisers out there. George et al actually had stumbled onto something along the lines of qualifying appraisers based on exams, beyond basic licensing, and also previous work history. Licensed appraisers only being allowed for assignments up to certain levels, and Certified RA being allowed a broader range of assignment types. Weighting fro desiginations and more. It may well be a good solution, but painful for many.
 

chad hampton

Senior Member
Joined
Nov 10, 2006
Professional Status
Certified Residential Appraiser
State
North Carolina
that would be a disaster. all that needs to happen is have MB's regulated. If they are caught pressuring an appraiser - they lose their license. Simple solution.

or we can just put all appraisers on a random list and I can wait for my name to be called. Hope my family doesn't go hungry waiting for me to do an apraisal.
 

rcsone

Senior Member
Joined
May 26, 2007
Professional Status
Certified Residential Appraiser
State
Oklahoma
......took 12 years for me to get on the VA Panel and I am a good ol' boy by temperament, size, education, manners and outlook.........When Paneled, they told us we had two responsibilites: 1) tell them what is there and 2) take care of the soldier. They have been informed, attentive and supportive. And I assure you this ol' boy suffers little from the acts or opinions of others in undeserved disregard. My Father landed at Normandy in the second wave. He did not go in on the first wave due to concerns that ALL the senior NCO's would get killed or wounded. He walked from France through Belgium into Germany the winter of '44...........So the VA work is more than a 'trick" or deal or assignment to me perpetually.......best to all..............rs
 

woodyva

Sophomore Member
Joined
Jun 6, 2008
Professional Status
Certified Residential Appraiser
State
Virginia
I think the profession is in need of a "purging" in that all the skippies and yahoos who got in the business need to get the heck out.

If you are truly a good appraiser that does good work, you wil be fine either way.
 

Mystery man3

Junior Member
Joined
Jul 26, 2005
Professional Status
Certified Residential Appraiser
Alternate solution

In the appraiser profession currently honesty is punished and dishonesty is rewarded.

Reverse Darwinism: Its the survival of the most dishonest.

Just my opinion.

The other solution I see is to make the loss to the appraiser substantial for cheating. The license is too easy to get right now and too many retards have it.

The consequences to the appraiser for cheating have to be much greater such as a large bond that appraisers lose if they are caught cheating. If dishonest appraiser had a $50,000 bond of his own money that he would lose if he was caught being dishonest I bet you he would think twice. Probably would do the trick.
 

rcsone

Senior Member
Joined
May 26, 2007
Professional Status
Certified Residential Appraiser
State
Oklahoma
......the bonding companies would only pay once and there would be no succeeding bonding availablity which would put the "performers" out permanently......this is in the bill which will probably pass Congess next Tuesday morning, June 24th.....rs
 

Mystery man3

Junior Member
Joined
Jul 26, 2005
Professional Status
Certified Residential Appraiser
......the bonding companies would only pay once and there would be no succeeding bonding availablity which would put the "performers" out permanently......this is in the bill which will probably pass Congess next Tuesday morning, June 24th.....rs



Can you explain this don't get what your trying to say.
 
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