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

[George Hatch]

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.

Liability? Seriously? Are you that paranoid about getting sued for the level of diligence you use? How can that be?

I wonder if you've ever even completed an eval assignment?

And BTW, USPAP operates off the actions of the individual and the expectations of the users. Not on the labels people try to use to obscure the significance of their actions. Now it's true that your regulator might not *enforce* appraisal standards for certain assignments, but that doesn't make any difference as to whether the actions performed actually comply with our minimum standards.

Speaking of which, haven't you been complaining non-stop about the states not adequately enforcing appraisal standards on appraisers when doing GSE appraisals?

 

[Dublin ohio]

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

More than you might think. My comment about your interpretation had more to do with the second half of your post. Not what it takes to become a CG. Which I realize is not easy. Just wasn't something I really wasn't interested in. I have taken commercial classes just to increase my overall knowledge. I appreciate you defense concerning FHA. But my FHA approval was pulled out from under me.

 

[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.

I forgot to tell you if you need the certifications for the Tennessee evals shoot me a PM and I will try and find it for you.

 

[Tiffany Gibbons]

The big boys (and I do mean boys) have commercial/industrial all covered here, fake branch offices and all. There is no point to me doing any of that anymore. I'm happy just doing my VA appraisals for as long as that holds out. I hated to give those up the last time Fannie and Freddie and their cohorts ran their scams on the taxpayers. I could see it coming 2 years away and went into assessment. No one cared then, no one cares now. Even now, in my area (outside Nashville) the developers and builders are building entire subdivisions to be rented at $2500 per month for little starter homes 1500 sf. After they have more than quadrupled their investment in 3-5 years, they will sell those houses to first time "disadvantaged" buyers and get a write off for doing it. This was told to me from one of the builder contactors on site this past week. These homes all are 4BR, 2 Bath homes that remind me of Habitat for Humanity Homes. They have 2 car garages, which is the only difference from when years ago.

 

[djd09]

Yes, my old supervisor is a Chief Review Appraiser at a big bank based in AR. He told me I should start doing commercial evaluations. Well, if my CG is not needed, why did I go through all that training and education?

why...buy the book and take the class snake oil sales men

 

[djd09]

an appraiser only needs to comply with USPAP if by agreement or law...the standards have become so corrupt by 15th st they aren't even worth the paper they are written on...right, DW?

 

[George Hatch]

The big boys (and I do mean boys) have commercial/industrial all covered here, fake branch offices and all. There is no point to me doing any of that anymore. I'm happy just doing my VA appraisals for as long as that holds out. I hated to give those up the last time Fannie and Freddie and their cohorts ran their scams on the taxpayers. I could see it coming 2 years away and went into assessment. No one cared then, no one cares now. Even now, in my area (outside Nashville) the developers and builders are building entire subdivisions to be rented at $2500 per month for little starter homes 1500 sf. After they have more than quadrupled their investment in 3-5 years, they will sell those houses to first time "disadvantaged" buyers and get a write off for doing it. This was told to me from one of the builder contactors on site this past week. These homes all are 4BR, 2 Bath homes that remind me of Habitat for Humanity Homes. They have 2 car garages, which is the only difference from when years ago.

I work in Southern Calif. The sheer size/population in this region has enabled me to specialize in a way that would not be possible outside of a major MSA. And it has enabled me to thrive outside of the Appraisal Institute scene. I could not expect to do similarly in very many locales in the nation. I probably would have had to join the AI.

 

[Tiffany Gibbons]

I work in Southern Calif. The sheer size/population in this region has enabled me to specialize in a way that would not be possible outside of a major MSA. And it has enabled me to thrive outside of the Appraisal Institute scene. I could not expect to do similarly in very many locales in the nation.

Oh, I can imagine, not long ago Glenn Walker was bragging there was a CG in CA doing one page commercial evaluations and making big $ because that's what his AMC clients wanted. Guess you got your salient facts page into a paragraph or do you wanna post one (information redacted, of course) to show us all the difference? Put up or shut up. Lightbox? Enlighten us lessor appraiser beings, please. Help a sista out!

 

[George Hatch]

an appraiser only needs to comply with USPAP if by agreement or law...the standards have become so corrupt by 15th st they aren't even worth the paper they are written on...right, DW?

Which standards of professional practice do you object to? Which ones do you think are corrupt or immoral?

 

[djd09]

USPAP is so bad...that when DW waives appraisals via ACE and the scum bag mortgage brokers estimated value...they do not use it