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

[djd09]

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!

600 AO's and FAQ's latter...it is clear as mud...hee haw hee haw

 

[Tiffany Gibbons]

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.

Well, you definitely have more than 5 years experience. Taking another 50 hours of education (20 of which is electives), you gotta have 28 for CE anyway, no college degree required, just pass the CR (it was easy, compared to the CG, just so you know). It did have Income GRM questions but you seem to know your way around that, so how exactly was FHA approval "ripped away from you". Just quit mucking around and get your CR! Don't continue to be one of the 7188 LR's. JOIN US, lol. Seriously, Why not? It's not your fault your supervisor didn't require you to get Certified. It's all online now!

 

[Charles West]

Same here.....started out with a slick talking, shortcutting, shyster. Even as a wet behind the ears, newbie.... I knew enough to bail....

Me too! The chief sent me out with this weirdo to do an inspection in the Granite Bay area. This same idiot started berating me on the way back to the office for being along for the ride as a trainee because he wanted to make time with the good-looking client. A true first day on the job story.

 

[George Hatch]

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!

First off, I have never used TAFs Restricted Use form or anything close to it for an eval. But back in the day TAF did publish a USPAP Compliant form for commercial/industrial assignments and I probably used that sucker 1000 times before replacing it with my own derivative.

For evals, I always do those as 2-2a reports, not 2-2b reports, so I always add more content. After all, the list of requirements for eval reports contains 95% of everything an SR2-2a appraisal requires. I only posted TAFs form to illustrate how little of the report is attributable to USPAP itself vs the remainder being attributable to user-driven requirements. My point being it's mostly the user requirements which add more content, not USPAP.

Some years back, BofA put out a couple versions of a 2-pg format (on letter size) for commercial properties which actually included a little room to summarize property attributes and comps analyses. I never used that one, either; but I could see how it could be used in compliance with their own in-house requirements and USPAP.

Lemme see if I can post a couple screen grabs





They had another version that only included the Income Approach. My point being that this is what some of the appraisal dept VPs at BofA thought was sufficient for their usage on certain deals back in the 2007 time frame. Not how I would do it, but this is what they were thinking.

 

[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. I probably would have had to join the AI.

No! Do not join the AI, trust me on this.

 

[djd09]

dependent on the unethical stakeholders user abusers instructions? aren't they the ones we are supposed to keep in check do you work for chase, class, or coester?

 

[George Hatch]

What do the GSE underwriting policies have to do with the topic of appraisal standards? Nothing, that's what. You might as well be complaining about USPAP because Freddie's offices have carpeting instead of tile flooring. (or tile flooring instead of carpeting).

 

[Dublin ohio]

so how exactly was FHA approval "ripped away from you".

I was on the FHA roster for 8 years when they changed the requirements. At the time they announced the change. I would have had 8 months to get a degree. Why would my supervisor require me to get a CR 30 years ago. Million dollar properties were as rare as hens teeth. Still not a major part of my area. Also why would I upgrade now at age 70. BTW Ohio only requires 14 hrs of CE per year.

 

[George Hatch]

A lot of SLs got caught up by the "CR Only" policies. It's similar to how all or almost all the lenders rejected the "did not inspect" supervisor signatures for trainees. Not out of any necessity, but solely because it didn't cost them anything to require more. Big mistake, IMO.

 

[djd09]

do you let chase, class, or coester decide your sow....