Abolish TAF?

[Terrel L. Shields]

Of course it would be something whether it was appraisal-competent or not.

As if what we have is? And AI was the tail wagging the dog? So, if professional licensed appraisers have a 2 page code of ethics they adhere to, why isn't it 100 plus pages long? Ditto Plumbers, electricians, geologists, and most other licensed professionals? And many such codes are created and administered by a state body, not a national code of conduct. And what code does AVMs have to abide by? AMCs? Banks? And we have surrendered our lives to ANSI and other groups who sell us our own ethics and procedures "bibles"...

 

[djd09]

abolish the FAQ, ao, and the advisory committees

 

[Carnivore]

abolish the FAQ, ao, and the advisory committees

WOW the residential side of the house would collapse. but then again getting licensed would be much much harder

 

[George Hatch]

As if what we have is? And AI was the tail wagging the dog? So, if professional licensed appraisers have a 2 page code of ethics they adhere to, why isn't it 100 plus pages long? Ditto Plumbers, electricians, geologists, and most other licensed professionals? And many such codes are created and administered by a state body, not a national code of conduct. And what code does AVMs have to abide by? AMCs? Banks? And we have surrendered our lives to ANSI and other groups who sell us our own ethics and procedures "bibles"...

First of all, the operative portions of USPAP upon which the states regulate real property appraisals end on pg 38 which includes 4 pages of title/summary of changes, and 2 more pages which are blank. The FAQs and AOs and personal opinions of the board members are not enforceable under the state rules/regs. So it's not 100 pages, it's 32 pages and several of those only have a few lines of text.

Secondly, everyone knows the lawyers - who will be defending the licensees if/when accused - those lawyers exist to argue the meaning of "is". So yeah, it takes a bit of elaboration and explanation to slow their roll. Can't help that. Your 2-pg version would be wholly unenforceable for both the accusers and (more importantly) for the accused. As in, the appraisers would be unable to identify a defensible position, both with their own clients and with the govt.
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Regardless, whatever complaints anyone has about the content will remain regardless of what compilation of standards comes next and regardless of it's origins and it's manner of enforcement. If you think otherwise then you're not paying attention to what the appraisers are actually complaining about.

If USPAP was retired tomorrow the cast of characters will remain the same. Exactly the same strengths and weaknesses, the same willingness to either comply or not comply, and the same opposition to any enforceable benchmarks beyond their own personal discretion.

 

[djd09]

what is frankie g position...since i cant vote him out...abolish it

 

[George Hatch]

Board of Trustees. Join it and receive the same voting power as any other individual member.

Do it. Do it now.

 

[TerryRohrer]

I think a lot of appraisers got used to not putting market condition adjustments because for two decades, no lender would accept them.

That is flat-out false, and a cop-out. I have considered and very often made market conditions adjustments in residential, vacant lot, ag, and commercial appraisals for over 35 years and maybe twice was questioned about them. I have never gotten a reaction that suggests a lender would not accept them. That is a myth perpetrated by appraisers to defend their practice of not making market conditions adjustments, whether or not they were warranted. Most don't even bother to look. I had an appraiser tell me, after 15 years certified, that he doesn't make them because he doesn't know how to determine them. That is much more likely than anything lenders said or did.

 

[TerryRohrer]

To me, most "time adjustments" are based upon inadequate data. The fact 2 properties sold for different prices on different dates is not an indication of the necessity for a "time adjustment" (market conditions.) The motivations of buyers and sellers is far more important. Most changes in price are related to the scale of the period in question. We can determine the change in prices over a year or five years far better than 10 days or even a month to month change. Real estate is an inefficient market and as such is not a smooth linear scale. It has a margin of error (actually just a variable deviation dependent upon supply, demand, financing, and the negotiating skills and urgency of buyers and sellers. It is not a uniform efficient market like wheat or gold where prices are readily discoverable in open trading.

Those are all excuses. One pair doesn't support a market conditions adjustment, just lik one sale doesn't make a market. No one is demanding perfection regardless of data quality or quantity. They are demanding that the appraiser justify their opinions. How can you be defending appraiser who, during covid, when 2% per month were easy to demonstrate and support, were reporting stable market conditions?

 

[chad hampton]

How do I join the board of trustees? Just sign up and declare myself a board member?

 

[djd09]

How do I join the board of trustees? Just sign up and declare myself a board member?

no...first you need to learn the secret handshake...and then sign the nda