Appraisal Institute Controversy

[Non Sequitur]

I did make a crack about people coming to conclusions about why she was fired when the facts have yet to come out, but one reason I commented on that is because "jumping to conclusions prior to the facts coming out" has practically become a full time hobby for some people.

"Facts" have never come out about the reasons the last CEO was shown the door (similar to the problems that have plagued NAR's leadership but that's only rumor since it's a "secret" too). And considering the AI won't even acknowledge there was a meeting to oust Dr. Chance there will never be any "facts" coming out.

National is being treated as a piggy bank and that ship is sinking. Dr. Chance tried to right the ship but a mutiny occurred. Don't be surprised at upcoming financial moves, one of which has already been floated: Requiring 25 hours of exclusive AI CE every cycle, and the required Business Ethics and upcoming Bias Course DO NOT count as CE. By my pinky math that's 37 hours of exclusive AI CE education and classes (reduced to 34 hours after the initial 7 hour Bias class turns into a 4 hour update). Can you hear the cash register ringing? And nothing will be modernized, still old clunky AI website offerings.

 

[djd09]

there is no jumping to conclusions....connecting dots is easy...almost every conspiracy has come true...the unethical stakeholders and their paid tongues will deny deny deny

 

[George Hatch]

"Facts" have never come out about the reasons the last CEO was shown the door (similar to the problems that have plagued NAR's leadership but that's only rumor since it's a "secret" too). And considering the AI won't even acknowledge there was a meeting to oust Dr. Chance there will never be any "facts" coming out.

National is being treated as a piggy bank and that ship is sinking. Dr. Chance tried to right the ship but a mutiny occurred. Don't be surprised at upcoming financial moves, one of which has already been floated: Requiring 25 hours of exclusive AI CE every cycle, and the required Business Ethics and upcoming Bias Course DO NOT count as CE. By my pinky math that's 37 hours of exclusive AI CE education (reduced to 34 hours after the initial 7 hour Bias class turns into a 4 hour update). Can you hear the cash register ringing? And nothing will be modernized, still old clunky AI website offerings.

Residential members have been dropping out of the AI due to dissatisfaction for many years. There's nothing new about that. Really, that's no different than people like me who never joined in the first place due to not wanting to pay or not wanting to participate or not wanting to engage with an organizational hierarchy that wasn't strictly necessary to operate as an appraiser. MOST residential and a majority of the CGs have chosen to not opt-in to AI membership. For reasons.

And sure, the firing of Cindy Chance is apparently the last straw for some folks, regardless of whatever the real reason is for that.

So I'll put it this way: if the reason people are in protest mode is because they support Dr Chance regardless of what non-AMC related actions she may/may not have committed to get fired then the actual facts of that event are literally irrelevant to them. If they support her because she's not a white male and for no other reason then thats another reason that will be impervious to whatever the explanation really is. No need to wait and see what those facts are or whether there was a legitimate reason or not. Just carry on and fight, fight, fight.

OTOH if someone is interested in what the real reason is then they might consider the merits of looking before they leap. Or not. THAT is what I was commenting on, not the mere fact that people are choosing to quit (which doesn't matter to me one way or the other). I do not advocate for or against AI participation because I literally don't care what people do on that score. I don't love the AI, I don't not-love the AI.

IMO

 

[djd09]

. I don't love the AI, I don't not-love the AI.

you do love DW...and DW is AI

 

[George Hatch]

He's an SRA member. As are other appraisers including some in this thread. So what? I don't actually recall DW ever making a comment on AI politics, do you?

 

[George Hatch]

As for me and DW sharing some of the same views about what is/isn't appraising, that goes directly back to how the one and only time we ever met in person, which was when I was teaching QE and CE courses and he was teaching the first round of the AQB Instructor's course. Our common interest was in how to teach all aspects of appraising through the lens of the underlying principles and fundamentals of the role of appraiser, which those go back at least 60 years prior the different appraisal orgs getting together to promulgate a uniform standard of practice between them.

I don't intend to apologize for "shilling" for a common appraisal standard - under any title or promulgated by any acknowledged entity - which is intended to result in appraisals meaning the same thing in Ohio that they mean in Florida or California. I believe in the app because I think that what we sell is our credibility so it's in our own best interests to have and adhere to a common standard. Even if for no other reason than compliance provides a defensible position. That's another reason I support training the state appraisal board members in USPAP so that they WON'T move the goalpost on their licensees via mistakenly conflating their personal perspectives with what USPAP actually does/doesn't require. That also goes all the way back 20+ years for me.

 

[Mike Ault]

In my local area, we got really, really pissed when the Institute started pushing the "AI Residential Database". Several SRA's resigned their membership, and most of us stopped taking their CE in protest. This was well before the ideas of GSE data aggregation and AVMs were even floated. In our nondisclosure state, we knew how valuable our appraisal data was, and didn't approve of an appraisal organization trying to monetize it and put us out of business, The AI spread the delusion at the time that it was "going to make appraisers much more productive", and even indicated that we might get some money back each time one of our properly verified comparables were used, maybe $0.25 or so. Anybody with half a brain could see the endgame, it was simply going to be a way to aggregate our data to "bypass" 9/10 of "actual appraisers" in favor of some "valuation professional" in a cubicle generating computer valuations. If I'm misstating any of the above, one of the posters on this thread was in charge of that particular project at the time, and he can please feel free to correct me.

 

[djd09]

the best part is they replaced her with an old pale face male...

 

[sputnam]

I'm not talking about the AI or Cindy Chance. I'm not asking anyone about the AI or Cindy Chance. I'm not challenging anyone's opinion of the AI or Cindy Chance. I did make a crack about people coming to conclusions about why she was fired when the facts have yet to come out, but one reason I commented on that is because "jumping to conclusions prior to the facts coming out" has practically become a full time hobby for some people.

A couple members here have repeatedly complained about the internal politics at the AI. I always stay out of those discussions because they have nothing to do with me.

Yes. It seems to be an all too common trait. Some people jump to the conclusion without waiting for all the facts. I guess I expect appraisers to be more rational.

 

[Non Sequitur]

Yes. It seems to be an all too common trait. Some people jump to the conclusion without waiting for all the facts. I guess I expect appraisers to be more rational.

OK, I'll bite. Just what "facts" do you think the AI will release considering national will not even acknowledge a meeting was called? Dr. Chance announced on LinkedIn and it took national nearly a full day before someone typed up a president's message. Heck, one would think national would have had a letter typed and sent within minutes of the secret meeting and secret vote, but I'll guess typing news releases is beneath those who call secret meetings.

A little advice for those in the AI ivory tower: Working on the future is a fool's errand when the present is burning down.