Appraisal Institute suspended from The Appraisal Foundation

[Ken B]

Hmmm. Prior to the separation from NAR, the AIREA had tremendous lobbying power through the NAR. Shortly after the separation, the issue of de-mimimus levels for appraisals was changed to $250,000 for residential (from $50,000 I think). Lacking virtually ANY lobbying power, the AIREA had no ability to influence this decision. It is theorized that with the NAR, this De-Minimus level would have never changed.

Prior to separation a good 40% of my (and I suppose many appraiser's) residential volume was for home equity loans. It was great work. Up until the recent market downturn, virtually no bank or lending institution procured appraisals for second mortgages or HELOCKS under $250,000.

Even recently the AI discussed becoming affiliated again with the NAR. Were we today still affiliated, I doubt the NAR would have an appraisal designation (which is held by more than all AI members combined!!! - Dues paying NAR Appraiser members!!!) Also, I doubt there would be so much push today by the NAR to allow brokers to provide BPO's in lieu of appraisals. They are simply looking out for their own.

So it is you, sir, you I believe has erred, unless you can convince me why we are BETTER off today separated from the NAR???

There are so many holes in this post I don't know where to begin.

Let's start with the assertion that if AI and NAR were affiliated, NAR would not be pushing BPOs. Really? You really think that? You say that right after making a comment that there are more NAR-designated appraisers than AI members at any level? Really?

Let's put a twist on a worn out argument - name ONE thing of value that NAR does for those with NAR appraisal designations that they don't do for anyone who simply joins NAR so that they can get MLS access. ONE thing...ONE simple thing.

 

[Mr Rex]

The NAR "embraces" appraisers like lepers. A new definition of arms length.

 

[Ken B]

Next hole: The $250,000 deMinimus is for federally-related transactions. The only FRTs most residential appraisers perform are for credit unions. The GSEs are NOT subject to the deMinimus. The fact is that FIRREA specifically exempts the GSEs from ANY appraisal requirement. FIRREA specifically exempts the GSEs from ANY appraisal requirement.

 

[Joyce Potts]

[Runs for popcorn and vino]

 

[Pittsburgh Pete]

[Runs for popcorn and vino]

What goes best with popcorn--red or white--a chardonary, a pinot grigio, a merlot....?

 

[Joyce Potts]

What goes best with popcorn--red or white--a chardonary, a pinot grigio, a merlot....?

Yes. :new_all_coholic:

 

[moh malekpour]

I am not AI member or associate or affiliate but I think AI is the largest professional appraisal organization at present time. I think AI and TAF have developed a kind of rivalry between themselves. When legislators need information and feedback about appraisal and appraisers, who do they call? They call AI and AI goes there without any hesitation. May be TAF thinks that legislators should call them first or call both of them. This is just my personal feeling from reading letters that went back and forth between the two. TAF ,of course, is superior to AI and can suspend it but AI cannot suspend TAF.

 

[Gregory Beck]

Wrong

If students can take an on-line course from TAF, why would they ever need to sit in a classroom? And if there is no one to sit in a classroom...FL doesn't recognize online USPAP courses. I suspect every USPAP instructor will be clamoring to teach in FL now.

Yes they do accept USPAP online courses

 

[Mike Kennedy]

I haven't been on the forum since last Friday, and I do not see any discussion on the fact that the Appraisal Institute was SUSPENDED from the Appraisal Foundation. This is huge news for US dues paying AI members. We no longer have any benefits of being Foundation members (cheap USPAP materials for one), and stand to loose the clout of the Foundation. First the Appraisal Institute (AIREA) ****es off the NAR and dissociates itself with the NAR, the single biggest mistake EVER, but now we may loose our Foundation clout and lobbying power as well.

I think this is a members only secret (at least that is what the AI president wanted in his email to me), but is is common knowledge. It seems to me that Mr. Sellers (AI president) has gotten a little too big for his britches from what I have read. Here is a news story that explains:

http://appraisalinsight.blogs.realt...undation-in-dispute-with-appraisal-insitiute/

You can link to the "****ing match" letters between Sellers and the Foundation from within the article.

We are lucky we did not get expelled from the foundation, and it sounds like we still may???

July 15 http://appraisersforum.com/showthread.php?p=2008579

 

[Ken B]

Yes they do accept USPAP online courses

Then even FL must finally be getting with the program.