Aloft Appraiser Toolkit

[glenn walker]

That’s the only way I could see a PDC working. Let me employ, train, and supervise them and I’ll sit back in my office chair doing the actual heavy lifting.

The last thing I’d want is some random lender-assigned PDC. I want consistency, not randomness. Contrary to what some say here, you own the report regardless of who provided the data. You don’t get a pass because you failed to take reasonable steps to vet the information, and the time spent vetting the lender’s PDC information makes it economically marginal at best. I would charge more to complete a report using lender-PDC info than I would doing my own inspection info.

it's a circular firing squad.

 

[Mejappz]

View attachment 100374


Question for you on this - If this means that data from a data collector cannot be used in the appraisal, because the appraiser does not supervise the data collector, then what about all the other third party data that is commonly used in appraisals? Do you supervise and approve the folks at the tax office, whose data you use for the subject and the comps? Do you supervise and approve the agents who put data in MLS that you use for comps (and sometimes the subject)? The FEMA folks? The structural engineer whose report you used for evaluating that crack in the foundation?

If it means what you assert, how are you not already in violation?

Ah, I see you're taking the same approach Justin did on the other thread.

MLS data, FEMA maps, and similar sources absolutely support the appraisal. They’re used every day by appraisers in Florida and across the country. But here’s the distinction—they’re supporting data, not delegated appraisal functions.


Florida Statute § 475.612 doesn’t apply to the use of public or third-party reference data. It applies specifically to work that forms the basis of the appraisal report, meaning tasks that would otherwise fall under the appraiser’s own responsibility—like inspecting the property, determining condition, and collecting physical characteristics that directly influence the value.


When an appraiser relies on a third-party property data collector to complete a physical inspection—and the appraiser didn’t hire, train, or supervise that person—that becomes contributory appraisal work under Florida law, and it must be supervised and approved by the signing appraiser. County records, by contrast, are not being used to replace the appraiser’s role; they’re just part of the standard reference material appraisers have always used to cross-check or support their analysis.


Trying to blur that line is a weak argument. Reference data doesn’t trigger a statutory supervision requirement. Delegated valuation work does. That’s the line Florida draws, and until the law says otherwise, that’s the one appraisers are bound to follow.

 

[DWiley]

Florida Statute § 475.612 doesn’t apply to the use of public or third-party reference data.

LOL - You do realize that is exactly what a PDR is, right?

I do appreciate you explaining your point of view.
Have a great weekend.

 

[chad hampton]

Seems to me the intent of that law is for areas like flood maps, public records, etc. Not folks pretending to be appraisers performing appraisal related services.

The intent would seem clear.

 

[Mejappz]

LOL - You do realize that is exactly what a PDR is, right?

I do appreciate you explaining your point of view.
Have a great weekend.

It’s concerning to have a spokesperson for Freddie encouraging Florida appraisers to violate state law. By the way, this issue is currently being debated among the local chapter of the AI. So I'm not just making it up.

 

[glenn walker]

Seems like the biggest AMCs serving Florida haven't read the menu because many are listing Non GSE hybrids and products on their menus, that involve a third party.

Seems Florida State Board is not trying to stop them. So are these AMCs breaking their own Florida AMC licence Law? or have their legal departments been given the green light ? Hard to believe their attorney's don't know their own State law.

 

[John Hassler]

it's a circular firing squad.

Why? I had no problem taking responsibility for the actions of MY staff. What I don’t want is responsibility for someone ELSE’S staff without considerable compensation to double check their work.

 

[Mejappz]

Seems like the biggest AMCs serving Florida haven't read the menu because many are listing Non GSE hybrids and products on their menus, that involve a third party.

Seems Florida State Board is not trying to stop them. So are these AMCs breaking their own Florida AMC licence Law? or have their legal departments been given the green light ? Hard to believe their attorney's don't know their own State law.

Since when have laws and regulations ever prevented AMCs and lenders from doing whatever they want?

 

[glenn walker]

Why? I had no problem taking responsibility for the actions of MY staff. What I don’t want is responsibility for someone ELSE’S staff without considerable compensation to double

It's kind of a mute issue because the whole purpose of the lender is not having a licensed appraiser involved on that end of the assembly line. That model was called having runners in the Pre licence days. One old mentor had 10 field inspectors he called trainees. He took responsiblity for them. Lol

 

[Surf Cat]

Since when have laws and regulations ever prevented AMCs and lenders from doing whatever they want?

They don't......because real estate lenders, along with other related entities, contributed a significant amount to lobbying efforts in the United States with a total spending reaching over 111 million in 2024.

From what I could find..... real estate appraisal organizations spent $80,000 on lobbying and 2023. So basically, the bar tab for the above aforementioned.