ACE

[Mejappz]

If the GSEs continue down this path you could have UHC CEO type situation.

 

[djd09]

nobody cares about the USPAP junk...especially the largest appraisal firm in world...the gse's

 

[George Hatch]

It was written in black-and-white in several versions. I have no idea if it’s in the latest version because I no longer pay attention to it.

Are you claiming that this is the first time you heard the phrase “relevant property characteristics as they pertain to value?”

By the time you claim to have seen it in black and white in any of these relevant documents you're either uninformed. Or lying. Pick one.

The "relevant property characteristics " isn't the untruth to which I'm referring and you know it. I'm referring to the first half of your fallacious claim.

"I remember 20 years of USPAP classes where they said certified appraisers are the only people trained to do field appraisal work as they are uniquely qualified to understand property characteristics that pertain to value."​

 

[Mejappz]

Be careful you may be condemned by some of the shills on the forum for promoting the Hampsters channel.

 

[chad hampton]

Of course, this isn't a new thing. When you have a few dozen people who all run in the same circles and go between the GSE's, to running AMC, to sitting on the TAF board, then off to regulatory agencies, then back again - when one wants something, they go to their friends to make it happen.

You and I both know that was a core statement in USPAP as to who was permitted to perform appraisal level inspections for appraisal purposes. But when the folks you do bidding for can't make enough money playing by the rules, they don't change their business, they change the rules.

Honestly, stop defending it.

 

[djd09]

if USPAP does not even require an inspection...then why the new definition.

 

[George Hatch]

Of course, this isn't a new thing. When you have a few dozen people who all run in the same circles and go between the GSE's, to running AMC, to sitting on the TAF board, then off to regulatory agencies, then back again - when one wants something, they go to their friends to make it happen.

You and I both know that was a core statement in USPAP as to who was permitted to perform appraisal level inspections for appraisal purposes. But when the folks you do bidding for can't make enough money playing by the rules, they don't change their business, they change the rules.

Honestly, stop defending it.

That's 100% untrue. The reason you can't find the reference in USPAP is because it has never existed. I have seen every edition TAF has published and I was teaching that course before you ever took your first Appraisal 101 course down at the mall.

USPAP is aimed at all appraisal practice, not just the narrow niche of SFR appraisals for the GSEs and related. In terms of the profession as a whole 100% of all inspection requirements, if any, for appraisal assignments are user-driven. Just the fact that the GSEs themselves are using different inspection protocols for different types of assignments demonstrates that much. That girl-math you are attempting to run here is internally inconsistent.

If a user requires it *of the appraiser* then that becomes part of the appraiser's assignment and SOW decision. And of course, there are always disclosure requirements WRT who did what.

 

[djd09]

Of course, this isn't a new thing. When you have a few dozen people who all run in the same circles and go between the GSE's, to running AMC, to sitting on the TAF board, then off to regulatory agencies, then back again - when one wants something, they go to their friends to make it happen.

You and I both know that was a core statement in USPAP as to who was permitted to perform appraisal level inspections for appraisal purposes. But when the folks you do bidding for can't make enough money playing by the rules, they don't change their business, they change the rules.

Honestly, stop defending it.

some are just trolls. and some are paid shills

 

[Surf Cat]

If the GSEs continue down this path you could have UHC CEO type situation.

Pyramid Dude, I was thinking the same thing reading that thread.

I mean.....it's easy to imagine some AMC monkey getting off the phone, laughing and high fiving their buddy in the next door cubical that they just bilked a desperate appraiser out of 60% of the fee.....Then BAM! the door's kicked in and standing in the doorway is a gun toting appraiser that just lost their house, the wife bailed and took the kids.......it's not that far of a stretch to think it couldn't happen.

 

[George Hatch]

if USPAP does not even require an inspection...then why the new definition.

The definition for personal inspection is simply a definition. USPAP obviously acknowledges that some assignments require such - when a user requires it then USPAP requires the appraiser to meet that expectation, same as all the other expectations.

Here's the extent to which SR1 addresses the identification of the property characteristics.