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

[djd09]

But since you're going to continue with this stupid argument independent of the facts about IAC membership anyway I will direct your attention to the point that the ASB published a AO on appraiser's usage of AVMs many years ago. Long before Zillow or Trulia came along. AO-18 dates back to 1998. That's how far back the ASB committed to the point that an appraiser using or operating an AVM will be engaged in appraisal practice under certain circumstances, at which point the entire front half of USPAP is applicable to their actions.

exactly...rules for thee and not for zillow

 

[djd09]

sometimes i wonder what the pay is for being the head cheerleader for 15th st...

 

[George Hatch]

Actually the rules could end up applying to the conduct of an employee of Zillow if they are acting as appraisers on a particular property and they are operating and tweaking the modeling. USPAP applicability isn't limited to an appraiser's conduct when providing an appraisal. It never has been.

If you were taking a test on this issue you would flunk it due to your lack of understanding the material.

 

[djd09]

you only need to comply with USPAP by law or agreement with the client...so show me the law that requires an appraiser to comply with USPAP when using zillow...are that clueless

 

[George Hatch]

Here's one:


Notice that the reference is to the entirety of USPAP, which covers appraisal practice, not just appraisals and appraisal reviews. Secondly, USPAP applies to the conduct of individuals, not companies; so that will include individual employees and contractors when working for the company and will apply to whatever portion (if any) of their work falls under the definition of appraisal practice.

In principle, an appraiser developing an appraisal report form or writing or promulgating an appraisal policy for a lender that appraisers will be using or writing/teaching appraisal courses are engaged in appraisal practice. Even though though none of those actions amount to performing an appraisal assignment. Their conduct is still subject to the front half of USPAP . Now a state may choose to not enforce USPAP for anything other than appraisals and appraisal reviews or not enforce USPAP for certain assignments, but that's a function of the govt's discretion. Not a function of the ASB or the AQB. Congress could declare USPAP null and void tomorrow and it still wouldn't affect how the ASB defines "appraiser" and "appraisal" and "appraisal practice" and "valuation service".

 

[djd09]

Here's one:
View attachment 88219

Notice that the reference is to the entirety of USPAP, which covers appraisal practice, not just appraisals and appraisal reviews. Secondly, USPAP applies to the conduct of individuals, not companies; so that will include individual employees and contractors when working for the company.

In principle, an appraiser developing an appraisal report form or writing or promulgating an appraisal policy for a lender that appraisers will be using is engaged in appraisal practice and their conduct is subject to the front half of USPAP when doing so. Now the state may choose to not enforce USPAP for anything other than appraisals and appraisal reviews or not enforce USPAP for certain assignments, but that's a govt function which has nothing to do with what TAF is doing with appraisal standards. Congress could declare USPAP null and void tomorrow and it still wouldn't affect how the ASB defines "appraiser" and "appraisal" and "appraisal practice" and "valuation service".

yeah so...zillow don't...and just get a license outside of calicommiefornia

 

[djd09]

so are you saying zillow has no licensed appraisers working for them, ironic?....because obviously they are not complying with USPAP

 

[djd09]

Here's one:
View attachment 88219

Notice that the reference is to the entirety of USPAP, which covers appraisal practice, not just appraisals and appraisal reviews. Secondly, USPAP applies to the conduct of individuals, not companies; so that will include individual employees and contractors when working for the company and will apply to whatever portion (if any) of their work falls under the definition of appraisal practice.

In principle, an appraiser developing an appraisal report form or writing or promulgating an appraisal policy for a lender that appraisers will be using or writing/teaching appraisal courses are engaged in appraisal practice. Even though though none of those actions amount to performing an appraisal assignment. Their conduct is still subject to the front half of USPAP . Now a state may choose to not enforce USPAP for anything other than appraisals and appraisal reviews or not enforce USPAP for certain assignments, but that's a function of the govt's discretion. Not a function of the ASB or the AQB. Congress could declare USPAP null and void tomorrow and it still wouldn't affect how the ASB defines "appraiser" and "appraisal" and "appraisal practice" and "valuation service".

so really all they have to do is hire some scum bag mortgage broker to estimate value...and no rules for me but there they are at TAF what a dum dum

 

[djd09]

so in conclusion zillow hates independent appraisers...just like all the other unethical stakeholders that have infiltrated TAF

 

[George Hatch]

so are you saying zillow has no licensed appraisers working for them, ironic?....because obviously they are not complying with USPAP

I have no idea whether they do/don't, or whether they are considering doing so later on. I'm just saying that the company is engaged in providing a valuation service and as such is technically qualified to participate on the IAC under the criteria that TAF previously established many years ago.

The operative question here isn't even about what Zillow is/isn't. It's whether or not there is any legitimate reason for TAF to solicit input from any parties other than appraisers, which that seems to be the question that is driving all these allegations of systemic corruption.

Should TAF operate in isolation of any and all other external input and opinions, including from govt, the accounting or legal or brokerage professions, or from any/all other sectors of commerce? It's a question which has a parallel in every appraisal assignment: does the SOW require the appraiser to take under consideration the legitimate expectations of the user? Because the only way to identify those expectations is for the appraiser to ask or solicit or otherwise accept that information prior to forming their own SOW decision.

The practice you seem to want to advocate is for the appraisers to totally ignore their user's appraisal policies and expectations and to instead arbitrarily dictate to the user what kinds of questions they can ask or what form of SR1/SR2 they can use. And for the ASB to do the same. Just like Seinfeld's "soup nacho" character - he's only selling one soup and that's all you can buy; take it or get out.

so in conclusion zillow hates independent appraisers...just like all the other unethical stakeholders that have infiltrated TAF

That's quite the intellectual leap you've got going there. What makes you think they hate appraisers? What makes you think they have no curiosity or interest in what appraisers do? Because they sell AVMs instead of appraisals?

Besides, if TAF is actively soliciting input from anyone/everyone then how does it amount to an infiltration when Zillow or a lender or any other party takes them up on the invite? As an appraiser, you get your say, too. What's the problem?