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Appraising for banks

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Of course, I maintain my USPAP and integrity as I perform them,

I would avoid doing that like the plague.

An appraiser trainee doing a BPO and conforming to USPAP doesn't sound like a BPO; it sounds like an appraisal.

If I were to do a BPO, I would follow NAR's recommended format, or something similar, and sign off with my salesperson's license. USPAP nor my appraiser's license would be mentioned. I'd also recommend checking the state's laws regarding the matter; each state is different.
 
I did not say I perform them as an appraiser

I specifically stated I use my integrity. Not my true to the heart and die to the wool appraisal efforts. Perhaps your input is required.

The BPO is what it presents itself. By implementing USPAP, I avoid the "questionable" implications of a real estate agent slant, however, the numbers I present are prepared with the strict adherence to federal, state and local laws, procedures and professional ethics. I am unable to present my findings as a CGA, however, I am qualified to render the same opinion as a broker in these circumstances. The end result is the client will receive an object statement of value that can be attested and supported.

I live on logic, principle, integrity and professionalism. My license enables me to pursue the opportunity.
 
I believe the folllowing portins from an article speaks directly to the issue:
Education for future real estate appraisers is a complex issue. There are certain immediate educational needs that probably are best administered by the appraisal organizations. The weakness in this is that relatively few appraisers will take advantage of these opportunities. Long-range needs will require a cooperative effort between national appraisal groups and universities. The four weak links in developing a comprehensive university curriculum for future real estate analysts are the lack of clarity in the services appraiser-analysts should provide their clients, a continuing narrow view of the field of real estate appraising, the questionable legitimacy of real estate appraising in higher education as a separate field of study, and the extremely wide range of expertise among real estate appraisers - from grossly incompetent persons to highly respected appraiser-analysts. State licensing laws sometimes are regarded as the answer to upgrading the appraisal field. There is little reason for optimism about this prospect since the tendency is to treat licensing merely as a business tax, designed to give credence to mediocrity by way of standards set at the lowest level, with virtually anyone capable of reading, writing, or passing a rudimentary examination becoming eligible for licensing. [James H. Boykin, MAI, PhD, July 1985, Appraisal Journal]


George K. Cox, MAI, SRA
KNOB CREEK FARM
 
Man, you guys are SHARP.

Since you experienced Pros are not helping on the mentoring side, I have to understand and do BPOs to survive. Of course, I maintain my USPAP and integrity as I perform them, but the aloof, holier than thou perspective of established appraisers is not helping trainees.

You old schoolers have to change your mental perspective...QUICKLY

Not sure EXACTLY what you are referring to here. I guess I'm an old schooler, but I have also trained someone to replace me when I die.:rof:
Beyond that, what do I have to change? Do I need to accept 1004 orders for $87 to be "new school"? I have never been accused of being aloof...:sad: :flowers:
 
$87 bucks for an appraisal would not even cover my daily bar tab.
 
Perhaps you individually, but not you collectively

Not sure EXACTLY what you are referring to here. I guess I'm an old schooler, but I have also trained someone to replace me when I die.:rof:
Beyond that, what do I have to change? Do I need to accept 1004 orders for $87 to be "new school"? I have never been accused of being aloof...:sad: :flowers:

Dude, you've trained "someone". Good. A plumber trained his son. A carpenter trained his daughter. An HVAC pro trained his cousin and neighbor's child.

Note the "Key Point" below before you...uh...start "female dog" ing

Did you do so with the unrelenting self serving "holier than thou" attidude of you "old schoolers" presented - now get this - not only on this forum but in the industry in general?

You can rest on your "individual" laurels and resign to the fact that you have trained "someone". Great for you...individually. Likewise, I appreciate your instruction for the benefactors of your guidance. No objection, seriously.

There are several points that I sought in this forum that have gone unfulfilled as a source of wisdon. Similarly, I find commentary damaging to the future of this profession that may enhance to the conumdrum of professional challenges we face from detractors and competitors.

Oh, it is great to sit on high and pass judgement to the unworthy underlings that the may be so submissive to seek my instruction. For they may be the great unwashed and my association with them on the macro level doth not benefit me more for my own self serving interest than my actions may benefit the collective survival of the profession.

Be that it may the competition and change comes. Let us who sit on high judge change as unworthy and not move from our staid laurels and refute those who seek knowledge. After all, YOU are not required to offer knowledge to the collective; it is far more comfortable to critique the competition rather than proactively challenge their approach.

It is peculiar how a profession takes pride in gaining clients (banks, lenders, Loan Officers) then complain about the respective treatment. It's like choosing the best bookie, pimp or politician. But, what the heck, I get some money to wet my beak. I just won't do a BPO. I got standards, see!

Let me collect my comfort fee and be damned those who try to follow me
(Haiku)

With the attitudes posted, our profession will become the former Big Three automakers. You "experienced" appraisers sound more like the GM, Ford and Chrysler in the '70s. You present yourselves as critics of the rice burning Hondas and Toyotas.

Only to change as the market has forced. We don't have 25 years to retool our mindset.

Key point:

The industry is under a challenge. Not a direct assualt, but a challenge. The challenge requires your active participation to change your mindset on your protection. Collectively.

As a former accountant, I've witnessed the challenge to the accounting profession presented by software companies. The response? Accountants became active in the process and change the mindset and goals of the software companies. Now, one cannot attain an accounting (entry level, mid management or executive) position with a strong unchallenging and undeniable level of IT knowledge.

Price and fees follows demonstrated knowledge.

By the way, what happened to the Matador and Gremlin? Yeah, consumed by Chrysler - Lee Iacoca took the money and made the K-car. Where are the K-cars now? Used for artificial reefs and recycled products from China and demolition derbies. Hmmm.

Let's make an active effort to present our professions' status as worthy.
 
By implementing USPAP, I avoid the "questionable" implications of a real estate agent slant,

The reason why you're avoiding "questionable" implications is that your acting as an appraiser, not a real estate agent. You're doing this by acting in a manner that real estate agents do not and using USPAP as your guide. A BPO is a BPO, and an appraisal is an appraisal. I would avoid preparing a BPO as an appraisal and then calling it a BPO.

however, the numbers I present are prepared with the strict adherence to federal, state and local laws, procedures and professional ethics.

Which set of laws and ethics? Those for appraisers or those for real estate agents? When acting as a real estate salesperson/broker, there is a specific set of rules and ethics for that person. Once the rules and ethics for an appraiser is brought in, the person opens themself to additional liability.
 
Now we're getting to a reasonable viewpoint

Which set of laws and ethics? Those for appraisers or those for real estate agents? When acting as a real estate salesperson/broker, there is a specific set of rules and ethics for that person. Once the rules and ethics for an appraiser is brought in, the person opens themself to additional liability.

I sincerely thank you for this perspective. The introduction of the differing sets of rules for appraisers determining a value and real estate agents determining a value are presented as mutually exclusive in your review.

The argument of separate definitions of value based upon a professional license title seems dichotomous. Based upon the perspective you introduced, the rules and ethics pertaining to real estate valuations distinguished between appraisers and real estate agents conflict.

If they conflict, then the concept of a BPO in its format should be considered illegal or unethical. In Georgia, the Georgia Real Estate Board governs both real estate agents and appraisers. For the state to sanction an act which gives one set of professionals an economic advantage which conflicts with another set of professionals in terms of utility of professional licensure, presents an potential for conflict.

I strongly appreciate your review. I am going to open a new thread for appraisers to review. In addition, I am going to present this to my state government for discussion.

All gripes aside - as I stated before, this forum has a few strong positive participants. Recalcitrant and negative detractors take away from the beauty of this forum and the profession.
 
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