Exclusion from a panel

[Dublin ohio]

As if that will accomplish anything but if they want to, go for it -

You will see the wagons circled so fast it will make your head spin

 

[Mike Ault]

You will see the wagons circled so fast it will make your head spin

Then follow through…

AI Overview

To report a violation of appraisal independence rules or standards, you can contact the Appraisal Complaint National Hotline at 800-622-9239 to get help directing your complaint to the appropriate state or federal agency. The hotline can help you understand the nature of your complaint and find the right agency for further action, ensuring the independence and integrity of the appraisal process.

 

[Fernando]

When I first started out, USPAP made me believe that I as the appraiser is always right.
I would have values sometimes below contract price and Realtors would get upset.
This would be a problem when Realtors believe the market is increasing faster than past comp data show.
And the market did go up later on but at that effective date I couldn't justify the purchase price.

The point is you must have upset many Realtors especially the big shots who give lot of business to the client.
When I was young, there was this one Realtor who didn't like me because my values were lower than his purchases.
He thought I was bias against him. I don't know. When I see his agent's name, I would think he's an aggressive agent putting high offers to win listing bids.
I heard he didn't want my client to use me as an appraiser. And when I saw his name on the order, I would decline the order. Better not to get involve with him.
Anyway, he became a "successful" Realtor in town and I believed he ran for office.

Being an appraiser is running a business and you have to make business decisions in your best interest.
Sometimes life isn't fair.

 

[Mike Ault]

Being an appraiser is running a business and you have to make business decisions in your best interest.
Sometimes life isn't fair.

The best business decision you can make is to never compromise your professional ethics and don't do business with those who insist that you do.

 

[Fernando]

The best business decision you can make is to never compromise your professional ethics and don't do business with those who insist that you do.

Yes, you make best business decision and protect yourself.
USPAP threw us under the bus and continue to do so.
USPAP hasn't changed for few years and we still have to take that same terrible course.

 

[Mike Ault]

Yes, you make best business decision and protect yourself.
USPAP threw us under the bus and continue to do so.
USPAP hasn't changed for few years and we still have to take that same terrible course.

USPAP protects appraisers by setting professional standards which limits our liability to clients with unreasonable expectations. Comply with the standards and protect yourself. Learn it, live it, love it.…

 

[Linda B.]

Thank you all so much for your wisdom. This is a tough business right now. I have prepared a rebuttal to their very vague claims "better comps, better market trending (I provide at least three data sources for market trending and do a market trend chart), and no support for adjustments (I do so much analytics for adjustments, I started putting it all in an attachement at the end of my report and I dont think they are seeing the attachment - even though I put in bold and underlined that the analytics are in the attachment) - so I do feel like I have a leg to stand on. Again, I appreciate your feedback. Regarding regression, sometimes it works and sometimes it gives you garbage. I am not a fan of Solomon - as I have never seen good data from them. Other ideas?

 

[Fernando]

USPAP protects appraisers by setting professional standards which limits our liability to clients with unreasonable expectations. Comply with the standards and protect yourself. Learn it, live it, love it.…

Mike, I have to admit that you do have a point.
When I did my standalone Rent Survey, I didn't think it was an appraisal.
Seemed like a simple rent survey and give it to the client.
When I put the USPAP page, I realized that the statements did protect me in letting the reader know of their expectations from me.
USPAP doesn't specifically tell me how to come up with a value but it helps in limiting my liability.

 

[Dublin ohio]

Mike, I have to admit that you do have a point.
When I did my standalone Rent Survey, I didn't think it was an appraisal.
Seemed like a simple rent survey and give it to the client.
When I put the USPAP page, I realized that the statements did protect me in letting the reader know of their expectations from me.
USPAP doesn't specifically tell me how to come up with a value but it helps in limiting my liability.

A rent survey by itself is not an appraisal. Providing a rent survey with an opinion of market rent is.

 

[Fernando]

A rent survey by itself is not an appraisal. Providing a rent survey with an opinion of market rent is.

USPAP should make that clear.
As I recall, USPAP never mentioned market rent.