Appraisers, It's time to speak up

[djd09]

Joshua Walitt, president of the National Association of Appraisers – which condemned discrimination among professional appraisers last year – says the methodology is not the problem. He says “there could be bad apples” working in the profession and that “unintentional issues can arise if we don’t follow methods and techniques.”

And even if there is bias, Walitt says it should have no influence on appraisal results given that these are based on market data.

“If we follow methods and techniques which is what we focus on in education, then what it does is it pushes aside any bias that a person could have,” Walitt says. “If there is bad behavior then we need to let the investigations go through and take care of that.”

Still, Walitt acknowledges that there is a need for more diversity in the industry. He says he is committed to expanding recruitment and supports programs such as Practical Applications of Real Estate Appraisal (PAREA) that make it easier for people to gain experience and join the industry.

he has a track record...

 

[Fernando]

Joshua Walitt, president of the National Association of Appraisers – which condemned discrimination among professional appraisers last year – says the methodology is not the problem. He says “there could be bad apples” working in the profession and that “unintentional issues can arise if we don’t follow methods and techniques.”

More like incompetent appraisers.

And even if there is bias, Walitt says it should have no influence on appraisal results given that these are based on market data.

Choosing appropriate comps most important in appraising.

“If we follow methods and techniques which is what we focus on in education, then what it does is it pushes aside any bias that a person could have,” Walitt says. “If there is bad behavior then we need to let the investigations go through and take care of that.”

Still, Walitt acknowledges that there is a need for more diversity in the industry. He says he is committed to expanding recruitment and supports programs such as Practical Applications of Real Estate Appraisal (PAREA) that make it easier for people to gain experience and join the industry.

Honorable intentions to diversify demography of appraisers and reduce obstacles. PAREA may not be perfect but is a start.

he has a track record...

He is so accomplished. I'm impress.

 

[Mark K]

Consumers are getting ripped off from every direction these days, and they're beginning to notice.

I think you've made a good case that consumers are not getting what they are paying for.

These are the people who have standing in the case; appraisers do not. They should be the ones suing but the appraisal costs get lost in the background noise when the borrower is ripped off to the tune of $5,000 to $15,000 in closing costs, many of which are bogus and are useful only to fatten up the other deadwood in the transaction.

 

[djd09]

you know what would be a good lawsuit...access to CU

 

[shrubberyvaluation]

Still, Walitt acknowledges that there is a need for more diversity in the industry.

More political BS. No one says there needs to be more diversity in the NFL or NBA.

 

[djd09]

More political BS. No one says there needs to be more diversity in the NFL or NBA.

More political BS. No one says there needs to be more diversity in the NFL or NBA.

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its never been a better time to be a paranoid conspiracy theorist...