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Appraisal Foundation Q&a Forum

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Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
They are trying to define complex using banking standard definitions. ugh

And isn't that funny as complex and non-complex have nothing to do with USPAP, but have everything to do with the Truth in Lending Act and the Final AMC Rule, and Dodd Frank, which would be the purview of the cfpb, FDIC, OCC, all those other bank type regulator initials, and state boards, but not the foundation. The Foundation should stay out of that argument.

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Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
there are other q&a they should not be involved in such as fee disclosure.

:rof:

About 8 years too late.

"The appraiser accepted a less than C&R fee from an AMC in order to acquire this work."

:love:
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
it is sad. the answer to disclosure should be an appraisers decision. do they considered hiding the fee an assignment condition?
:rof::rof::rof::rof::rof:

Perhaps you should ask them that!

:rof::rof::rof:
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Appraiser Blogs

It’s Time to STOP the Foolishness

In a nut shell, my strong belief is that they need to STOP the idiotic constant parsing changes in all areas of USPAP.
NOT ONE of the proposed changes is a necessary change. NOT ONE! No wonder state regulators no longer comprehend USPAP!
If they need the extra money that selling new versions of USPAP produces, then just CHARGE US DIRECTLY!


This is an interesting read and a plea for appraisers to standup to the bureaucracy. Take the time to read the article.

The purpose of FIRREA was to preserve the public’s trust in the integrity of the appraisal process, not to promote unnecessary USPAP educational course offerings and lectures opportunities for so called USPAP “experts”. Over the years the TAF and its Boards have done the opposite. Their actions are eroding confidence! These are honorable people who have lost focus as so many boards often do.

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djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
"If revising a completed appraisal report involves a new assignment, it would be appropriate to disclose performance of the prior appraisal as a prior service. However, if the report is simply being revised due to correcting errors or providing additional clarification, disclosure of a prior service is not required because the revision is being performed as part of the original assignment."

Look at this one. It is required to disclose prior services.
 
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