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Advisory Opinion 31 And Appraiser Networking

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RCA

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Certified General Appraiser
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Have I ever heard anything about networking among appraisers? Not that I can recall. Strange. AO 31 addresses this.

What I mean, is where someone gets an appraisal order and splits it up among various independent appraisers to complete. An agreement is made among the appraisers to collaborate JUST on that one appraisal. So, we have a guy go out and do a good inspection, REALLY GOOD, photos, measurements all top notch. Then the remaining work is divvied up among appraisers particularly good at certain aspects, e.g. regression analysis, demographics, reporting writing, final review.

1. The appraiser getting the order states the fee and what work he is going to do and what he has already assigned.
2. He asks if anyone else in the network wants to do any of the remaining tasks they are particularly good at and what they are willing to do them for. He can provide an estimate and an agreement can be hammered out.
3. If there are no takers, he gets stuck with the work.

The purpose of this is to produce top-notch appraisals and develop a reputation. Also, appraisers teach each other how to improve their skills.

GitHub can be used as the central workfile. A project repository is created for each assignment and shared among the appraisers involved. Only they get access to the repository - but each has access to everything in the repository.

Now, a parallel, is, for example, research. If you've ever read scientific journals you often see a number of authors, very often half a dozen or more. Kind of the same thing.

This is all very possible.

Per AO-31, not all appraisers have to sign the report, but they all have to keep workfiles, and that could be done through GitHub Enterprise. Each user would have to pay $21/month. There would have to be an admin to set up the individual user access to each project repository.

You want to keep this stuff out of the hands of the AMCs and GSEs. It will be valuable intellectual property. Keep it in the hands of the authors. Also -- avoid companies like Alamode ... who will try their best to take ownership and sell the information.

Template contracts could be devised for such "team projects" by some attorney ...

I think this approach is going to be necessary. Good appraisals take a lot of work, and clients want things done fast.

And this approach is definitely not for < $700 appraisals.
 
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Nothing about non-licensed appraisers doing the work?
 
Bert,

This is not a new concept, other than GitHub. But it is something that residential appraisers just don't get to experience. Phones, email, and coffee meetings still work for the sharing and communicating. That and client issues may forbid the use of email and other web based products, so, hard copies are conveyed among appraisers.

.

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