AQB Update On Proposed Changes To Appraiser Qualifications

[DTB]

The powers that be DO NOT want to limit entry into the field. The thrust to increase education and or training came from the educator side of the AQB and AF. The business side, the AMC and lender interests aka " The Powers That Be" are the ones who have been lobbying for removal of a degree requirement and to cut training hours.

That's all part of the show.
List the things that the powers that be have done that have had a positive impact on your career.

 

[J Grant]

They also have degree in brainwashing.
Seems very anti competitive to limit supply to degree only.
Why is it the appraisers always gets the blame for bad appraisals, some one excepted it, the same ones that write USPAP compliant assignment conditions.
All is well, people like Robert Madsen will make off with 56 million to be honest. That is the job i want.

Becuase the APPRAISERS are the only people who did the bad appraisals? Who else did them, the tooth fairy?

The fact that someone expected it is a poor excuse. Many appraisers said NO to crooked or pressured expectations, but a number said YES., sure, I'll do the comp search or push value to make it work , whatever. I take it you said yes? OR are sympathetic to those that did, since you keep arguing that appraisers are blameless for their own bad appraisals. The fact that so many others did worse on the lending side does not excuse those appraisers who participated (or do similar now).

Appraisers are typically not in a position to make off with 56 million. A financial side crook commits a deliberate, calculated act, which stinks, but they are a limited # who do, but when they do they can individually steal a great deal of money.

Contrast that to a large number of appraisers willing to bend the rules/do gray area value inflating not for a big time theft of $, but simply to be on the good side of a client and get more work. This continues today, only on a more covert level.

Bending the rules simply to get more work is incredibly stupid. You can argue against education all you want but it has never been proven to make people more stupid. And the fact that appraisal alone saw so many who did wrong simply due to weakness in dealing with client pressure, speaks for itself- and perhaps behind the effort to increase education requirement.

The AA requirement and then the 4 year degree requirement, neither were in place long enough to see if it made a difference - It would need a decade or more. Meanwhile, the field has experienced a sea change since 2008 and then 2011 with AMC involvement. They claim a shortage due to the tough entry reqs and too long training, instead of admitting the truth, it is low fees and terrible working conditions causing any real or perceived shortage. Raise fees back up to where they need to be and stop the worst practices around control and there will be no shortage , people always want to enter a well paid field and restoring fees back would allow more people to train, since they split the $ with a trainee.

 

[J Grant]

Is that most resi assignments will disappear and morph into an "inspected" AVM for $50 (to the appraiser)

Anyone that gets a degree to become (intentionally ) an appraiser is a fool who deserves their fate. What person with the smarts and financial where with all would aspire to the lowest paying rung on the real estate food chain?

A degree requirement would prevent that- if appraisers are going to do the desk top or inspection part as an either or, one would expect degree people to be in a better position to negotiate, and if they refuse the $50 to appraiser, clients would have to raise the fee. Whereas lack of degree means an influx of people to whom $50 is fine since it might be above min wage per hour. From there the fee might go down to $40 as clients pit the revolving door of new entrees against each other for the work.

 

[djd09]

Who hired the bad appraiser, who accepted the the bad appraisal, who paid the bad appraiser. oh ok. The banksters.

Don't think regulating the tail of the snake will keep the head from biting.

 

[J Grant]

Who hired the bad appraiser, who accepted the the bad appraisal, who paid the bad appraiser. oh ok. The banksters.

So What? Who said YES to the banksters? That segment of "bad" appraisers! Only the appraiser has the responsibly for that.

Don't think regulating the tail of the snake will keep the head from biting.

 

[George Hatch]

One of my kids is a supervisor at a transportation brokerage company. They hired a college grad (reportedly very bright) for an entry level position at $12/hr. Because they could.

 

[djd09]

The Big Bankster could have said no. The buck doesn't stop here.

You have no clue in the pecking order.

 

[J Grant]

The Big Bankster could have said no. The buck doesn't stop here.

You have no clue in the pecking order.

The fact that you continually blame "the big bankster", and refuse to accept the fact that an appraiser is responsible for their own decisions on the appraisal end, shows exactly what lack of ethics is. Which makes you the kind of person the profession needs to bar from entering. The fact that you don't want a degree requirement is the best defense for a degree requirement being in place. You lack the reasoning to understand what an ethical principle is, even when it is pointed out to you. .

 

[J Grant]

One of my kids is a supervisor at a transportation brokerage company. They hired a college grad (reportedly very bright) for an entry level position at $12/hr. Because they could.

So what? I bet the college grad at that entry level position won't be making $12 an hour down the road, they'll use it as an entry level to get promoted within the company or to get a better job once they have a bit of experience. Whereas the non college grad hired at $12 an hour might be stuck there .

 

[djd09]

Under JG theory of inflated appraisals, appraisers approve the loans too.

How loans have appraisers approved?

The same handful of crooks dominated my appraisal market for 10+ years. Why? That is what they wanted. It is not a degree problem, it is an unregulated moral problem.

Now JG attacks my ethics. oh ok. How many big banks do you work for?