AQB's latest dumbing down by 'Stakeholders' Dropping the College Degree Requirement

[cejack]

George Mann has made some good points that federal preemption is arguable and possibly a valid defense with regards to any federally related transaction evaluation by a non-licensed person in a state that insists that an evaluation is an appraisal and must be prepared by a licensed appraiser.

The question only becomes if you want to test your luck with that argument and become the "test case" in court if it goes that far if your state regulators don't agree and insist one must be an appraiser to complete evaluations. As far as I'm aware - no one has litigated and settled the non-licensed personnel evaluation issue in court in a state that insists they must be licensed as an appraiser. I

f I'm wrong and somebody on this forum knows something that I don't - please enlighten everyone.

 

[Tiffany Gibbons]

I choose to do it - in part - because it doesn't cost me anything to do it. Same amount of time, same amount of effort. The pay for them is usually less, but then again I never chase fees.

As for the ""even though the client ordered an evaluation" I've never once had a problem with adding the word "evaluation" to the report. Not once.

I do find it kinda weird that AFAICT it mostly seems to be AI members who think there's some significant distinction to be made. But every time I ask what the big difference is all I get is crickets. Can you articulate what you think the big difference is?

Oh, this explains so much! Of course this is what you're doing, lol. Because you didn't have to go through experience logs, 2 years supervision, all the classes, interviews at the State Board, etc., fully qualified the minute you made 75 on an exam that is much more difficult and passing score is 83, not 75 like back in the day. Never chase fees my ***. You are chasing them downward, just like "donkeys" that work for AMCs. And it may not "cost" you anything, but it is costing the appraisal profession, even those who can afford to lose.

 

[Dublin ohio]

Oh, this explains so much! Of course this is what you're doing, lol. Because you didn't have to go through experience logs, 2 years supervision, all the classes, interviews at the State Board, etc., fully qualified the minute you made 75 on an exam that is much more difficult and passing score is 83, not 75 like back in the day. Never chase fees my ***. You are chasing them downward, just like "donkeys" that work for AMCs. And it may not "cost" you anything, but it is costing the appraisal profession, even those who can afford to lose.

Now that is a hilarious interpretation at the least. Amusing at the most

 

[George Hatch]

Okay, why would I want to do them? I used to do commercial narratives for local lenders (usually, they wanted an approach to value omitted, where it wasn't relevant anyway) in the limited, restricted format. It was just as much work, and this was before I moved to area with Costar having the monopoly on commercial data. It was all to do with getting a lower fee then. What's it about now?

My point is that there is no substantive difference between an eval and an appraisal that's being performed to the same user expectations. Even if some appraisers think there is.

 

[ucbruin]

We 65+ yo did have it easier that 1st year of licensing....
A fee shop owner, with connections to the powers that be, said to a few of us....
And I paraphrase....
This 1st test will be the easiest because they don't want to fail too many appraisers....

 

[Tiffany Gibbons]

Now that is a hilarious interpretation at the least. Amusing at the most

And here I have defended you Licensed Residential Appraisers being discriminated against by FHA, what would you know about earning a CG at all?

 

[Mejappz]

Oh, this explains so much! Of course this is what you're doing, lol. Because you didn't have to go through experience logs, 2 years supervision, all the classes, interviews at the State Board, etc., fully qualified the minute you made 75 on an exam that is much more difficult and passing score is 83, not 75 like back in the day. Never chase fees my ***. You are chasing them downward, just like "donkeys" that work for AMCs. And it may not "cost" you anything, but it is costing the appraisal profession, even those who can afford to lose.

There are significant differences between an Eval and an appraisal. I have posted a long list in other threads. If anyone would like to see what they are they can use the search function. The biggest of course is liability.

 

[Tiffany Gibbons]

There are significant differences between an Eval and an appraiser. I have posted a long list in other threads. If anyone would like to see what they are they can use the search function. The biggest of course is liability.

The last time I did an "evaluation" was on the Freddie Mac 704 form when I was a trainee and it said in several places (typed in) that THIS IS NOT AN APPRAISAL. I think the last one was in 1991, because it would not count toward my hours to get an appraisal certification.

 

[George Hatch]

Oh, this explains so much! Of course this is what you're doing, lol. Because you didn't have to go through experience logs, 2 years supervision, all the classes, interviews at the State Board, etc., fully qualified the minute you made 75 on an exam that is much more difficult and passing score is 83, not 75 like back in the day. Never chase fees my ***. You are chasing them downward, just like "donkeys" that work for AMCs. And it may not "cost" you anything, but it is costing the appraisal profession, even those who can afford to lose.

Suit yourself. I've been doing CG work on this basis for 30+ years without a peep from my state regulator, which is much more technically proficient at what is/isn't USPAP than most of the other states. I am not paranoid about what passes for "meaningful/not misleading to intended users", in part because I know what I'm talking about WRT appraisal standards.

As for fees, I lose a couple bids for assignments every month due to not being the lowest bid so I'm not sure why you're levying that accusation at me. Hopefully it's not because you think there's only one acceptable SOW/format for commercial appraisals.

 

[Mejappz]

The last time I did an "evaluation" was on the Freddie Mac 704 form when I was a trainee and it said in several places (typed in) that THIS IS NOT AN APPRAISAL. I think the last one was in 1991, because it would not count toward my hours to get an appraisal certification.

Right most of the evals have THIS IS NOT AN APPRAISAL on almost every page.