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appraiser elearning : discussion on Bifurcations & Hybrids

Evincere

Elite Member
Joined
Dec 30, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Regardless, how is the appraiser not held responsible for appraisal results, even if appraiser is not responsible for the inspection portion - as the inspection portion provided the info results will be based on?
exactly. Appraisers own the int/ext 2055 report results. But were well aware of the risk and subsequent liability and willing to take it on going in. Trusting and relying on their own judgment They made a fully informed decision based upon the data “they” collected with or without an inspection.

the hybrid is inherently different in this regard
 

chad hampton

Senior Member
Joined
Nov 10, 2006
Professional Status
Certified Residential Appraiser
State
North Carolina
Whoever made the claim that the appraiser is not responsible for the field inspectors work? If somebody made a claim, they lied to you.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
As this is pointless, djd. We don't know what it will look like, so we don't know what protection(s) we should, or shouldn't, have. It is ok to be prepared for different potential scenarios, but I don't see any benefit of throwing out all kinds of doomsday scenarios when we have no idea what will happen. North Korea COULD bomb Los Angeles on Christmas day, so does everyone living in LA go ahead and prepare for that?
The USA devotes massive resources and trillions in defense spending to deter that scenario...just saying
 

djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
This 'data' collected by an unknown third parties is the basis of the appraisal. Failure to understand that "factual" data can be wrong is a concept not understood (in denial) by the controlling fractions.

The appraiser is responsible for a Credible report. Assuming away wrong data does not change this requirement.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Whoever made the claim that the appraiser is not responsible for the field inspectors work? If somebody made a claim, they lied to you.
I dont' think anyone lied about the technically of segment of inspection as an inspection, ..yet at same time they are not truthful in that they neglect the obvious - the appraiser will rely on the field inspectors work and since that work will in part determine the value, it does not absolve appraiser responsibly for incorporation it into appraisal results
 

alebrewer

Member
Gold Supporting Member
Joined
Mar 11, 2008
Professional Status
Certified Residential Appraiser
State
Texas
The USA devotes massive resources and trillions in defense spending to deter that scenario...just saying
they better pack up just in case...
 

djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
they better pack up just in case...
one doesn't need to be highly intelligent to know the results of two trains on the same track that are going to collide.
 

alebrewer

Member
Gold Supporting Member
Joined
Mar 11, 2008
Professional Status
Certified Residential Appraiser
State
Texas
one doesn't need to be highly intelligent to know the results of two trains on the same track that are going to collide.
Maybe not, but it would take some intelligence to know to jump off the train before they collided...
 

Evincere

Elite Member
Joined
Dec 30, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Beyond crazy. For decades appraisers have inserted "I'm not a home inspector and/or this isn't a home inspection" into their appraisal reports, now all of a sudden collecting data by measuring and taking photos is a home inspection.
^ correct. The extent of “inspection“ is/should always be clearly stated. nevertheless, via experience, red flags with the potential problems such as foundation, electrical, roof would be reported and an “inspection” by a professional more qualified in that field would be called for.

Would/should these “data collectors“ observations upon which the appraisers opinion of MV be be relied upon to do the same? Is this your belief?
 
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