Certified Property Valuator

[Mike Phillips]

I don't know whether this should be of real concern to Florida appraisers or not at this point but I've seen posts in other forums that indicate we need to keep an eye on it.

Here is one comment:

"An article in the News-Press (no link available) said a Realtor earned the "Certified Property Valuator" designation from the National Association of Broker Price Opinion Professionals, qualifying him to provide professional real estate appraisal services. and...is only the second person in Lee County and 20th in the state of Florida to earn this new designation. As a CPV, is trained to accurately value residential properties for banks and lenders, and to perform interior and exterior home inspections for the properties he values.

Regarding the above, it is the "qualifying him to provide professional REAL ESTATE APPRAISAL SERVICES (emphasis mine). and...is only the second person in Lee County and 20th in the state of Florida to earn this new designation." part that bothers me.

Check THIS out.

http://www.nabpop.com/Public.htm

MP

 

[Joyce Potts]

The writing is on the wall, my friends.

 

[Michael Tipton]

Frank has stated in the past that Florida realtors are permitted to complete appraisals with limitations. I believe he had an article published in the Orlando area realtor newsletter.

When I attempted to enter the appraisal profession in the early 80's, appraiser were required to hold either a broker or salesman license.

Visit the link below for Lee County service providers.

http://www.members-nabpop.com/displaycommon.cfm?an=1&subarticlenbr=38

 

[Michael Tipton]

This is a link to an earlier post regarding Realtors completing appraisals in the Orlando market.

http://appraisersforum.com/general-...121012-article-realtors-doing-appraisals.html

 

[Michael Tipton]

How would they sign?

2) This section does not preclude a Florida licensed real estate broker, sales associate, or broker associate who is not a Florida certified or licensed real estate appraiser from providing valuation services for compensation. Such persons may continue to provide valuation services for compensation so long as they do not represent themselves as certified, licensed, or registered under this part.
(3) This section does not apply to a real estate broker or sales associate who, in the ordinary course of business, performs a comparative market analysis, gives a price opinion, or gives an opinion of the value of real estate. However, in no event may this comparative market analysis, price opinion, or opinion of value of real estate be referred to or construed as an appraisal.

http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=Ch0475/SEC612.HTM&Title=->2006->Ch0475->Section%20612#0475.612

 

[Mike Phillips]

Mike T.-

Thanks for the links.

It is the "limitations" that we need to be concerned about.

It is the consistent endless working of the "gray" areas that bothers me. Like reading in a DBPR newsletter about the importance of appraisers maintaining sole control of their digital signature (serious business to me) then reading a post by a Florida appraiser who states he interviewed with an appraisal firm and that providing his digital signature and the password to apply the signature was a condition for hire.

Speaking of requirements to practice, there used to be some meaningful requirements that one must have met to be eligible to do FHA work; now to be on the FHA roster. Have you noticed the way FHA has dumbed down the requirements since the roster was established? In the FHA forum you have an appraiser asking how to answer Question 6 - how do you verify a comparable sale? He said he knows how - he just can't explain it. He is a Licensed Appraiser.

The ASB provides us with guidance about what constitutes an appraisal. It gives us some guidance about the "comp search" thing. I'm using the term loosely here - there is no such thing. What the ASB doesn't do is provide any guidance on what to do when an appraiser receives an "illegal" order. Is it necessary to require the client to correct and resend the order, or is just making a note in the file that the appraiser has NOT agreed to a predetermined value necessary? Or can we just ignore the order and proceed with the assignment? I guess the answer is out in the breeze somewhere.

MP

 

[Rick Kulman]

One form of limitation is to preclude a firm from doing an appraisal on a property while another part of the firm is performing a brokerage related function, etc.

Attached is the NJ mixed practice rule which when adopted caused a stir; not from the residential firms, but from the commercial firms C&W and CBRE.

Rick