Freddie Mac vs Appraiser Bias

[CGinMN]

Are you aware of any states that have a mandatory minimum % of inspections as part of the experience requirements?

I don't see any requirements that the trainee MUST perform some minimum amount of inspections... am I missing something?

I'm not the one questioning whether states require it or not...

Oh. Guess I misinterpreted.

 

[alebrewer]

Oh. Guess I misinterpreted.

I'm absolutely sure that the requirements surrounding WHEN a trainee can inspect unsupervised is not the same thing as requiring a minimum # of inspections. It seems you're the one not sure of what the interpretations are...

 

[jay trotta]

Well, one possible answer is that we have technology available today that we didn't have in the past, no?

Yeahhh, no - there is nothing like "date of" observations.

Unless we are actually going to use the comp. actual "Sale Date", that would indicate the "condition" of property at the time of sale.....what a novel idea that would be. Just like rolling peas down an uneven floor.

 

[Tiffany Gibbons]

Are you aware of any states that have a mandatory minimum % of inspections as part of the experience requirements? I had one trainee who got her CR without ever having done one single inspection...

Yes, our state used to accept mass appraisal experience logs. Some assessors got their CRs that way back in the day.

 

[alebrewer]

Yeahhh, no - there is nothing like "date of" observations.

Unless we are actually going to use the comp. actual "Sale Date", that would indicate the "condition" of property at the time of sale.....what a novel idea that would be. Just like rolling peas down an uneven floor.

I'm with ya there... never understood why a photo taken yesterday gives the user of the report a better idea of what a comparable sale looked like a year ago...

 

[Tiffany Gibbons]

Don't mistake me for someone who cares what you think. If you enjoy playing the victim. That is fine with me. I won't begrudge you anything that makes you feel warm and fuzzy. But I have to say that someone playing the victim. When they got their CR a couple of years after licensing was enacted. In what they describe as a sexist all old white male dominated profession that was he ll bent on holding you down at all costs. Is at least a little disingenuous

I'm not a victim. They set up hurdles and I cleared them, twice. Now some of the same people are still power players and want appraisers gone after they made a good living being appraisers. You did the bare minimum to get licensed. I never said old white men. Those are your words. What held you back from getting your CR?

 

[CGinMN]

I'm absolutely sure that the requirements surrounding WHEN a trainee can inspect unsupervised is not the same thing as requiring a minimum # of inspections. It seems you're the one not sure of what the interpretations are...

I am quite sure. It seems as though you are also sure. So one of us must be wrong.

Here's South Dakota.

"A supervisory appraiser shall personally inspect a minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser credential. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser credential includes the appraisal of non-residential properties, the supervisory appraiser shall personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser. A supervisory appraiser shall personally inspect a minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser credential. If the state-registered appraiser seeking the state-certified general appraiser credential includes the appraisal of residential properties the supervisory appraiser shall personally inspect all residential subject properties up to 50 properties with the state-registered appraiser. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work, the supervisory appraiser shall continue the personal inspections until competence is demonstrated. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated. (3) Personally inspecting: (a) A minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser classification. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser classification includes the appraisal of nonresidential properties, the supervisory appraiser must personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser; or (b) A minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser classification. If the state-registered appraiser seeking the state-certified general classification includes the appraisal of residential properties the supervisory appraiser must personally inspect all residential subject properties up to 50 properties with the state-registered appraiser. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated. (3) Personally inspecting: (a) A minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser classification. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser classification includes the appraisal of nonresidential properties, the supervisory appraiser must personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser; or (b) A minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser classification. If the state-registered appraiser seeking the state-certified general classification includes the appraisal of residential properties the supervisory appraiser must personally inspect all residential subject properties up to 50 properties with the state-registered appraiser. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated. If a state-registered appraiser has more than one supervisory appraiser, all of the personal inspections of each of the supervisory appraisers may be totaled to meet the minimum personal inspections required by this subsection; S.D. Admin. R. 20:14:04:17 "

 

[alebrewer]

I am quite sure. It seems as though you are also sure. So one of us must be wrong.

Here's South Dakota.

"A supervisory appraiser shall personally inspect a minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser credential. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser credential includes the appraisal of non-residential properties, the supervisory appraiser shall personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser. A supervisory appraiser shall personally inspect a minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser credential. If the state-registered appraiser seeking the state-certified general appraiser credential includes the appraisal of residential properties the supervisory appraiser shall personally inspect all residential subject properties up to 50 properties with the state-registered appraiser. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work, the supervisory appraiser shall continue the personal inspections until competence is demonstrated. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated. (3) Personally inspecting: (a) A minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser classification. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser classification includes the appraisal of nonresidential properties, the supervisory appraiser must personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser; or (b) A minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser classification. If the state-registered appraiser seeking the state-certified general classification includes the appraisal of residential properties the supervisory appraiser must personally inspect all residential subject properties up to 50 properties with the state-registered appraiser. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated. (3) Personally inspecting: (a) A minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser classification. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser classification includes the appraisal of nonresidential properties, the supervisory appraiser must personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser; or (b) A minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser classification. If the state-registered appraiser seeking the state-certified general classification includes the appraisal of residential properties the supervisory appraiser must personally inspect all residential subject properties up to 50 properties with the state-registered appraiser. If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated. If a state-registered appraiser has more than one supervisory appraiser, all of the personal inspections of each of the supervisory appraisers may be totaled to meet the minimum personal inspections required by this subsection; S.D. Admin. R. 20:14:04:17 "

Neither of us is wrong... I said, "I'm not aware of any states that require a minimum # of inspections", and I said that requiring a trainee to be supervised on inspections is not the same thing as requiring a minimum # of inspections." Neither of which is wrong.

You've just pointed out a state that DOES have a minimum # of inspections requirement.

Therefore - both of us are correct. I love it when no one has to be wrong.

 

[TerryRohrer]

So we are perceived to be Bias. Which in IMO is Ridiculous. Why can't the 3rd party inspector be bias? Why can't there thinking be Bias? Just saying

You notice the conversation only centers on the conclusions...that appraisers, and specifically, their opinions, are biased. There is no apparent definition for biases and no means of measuring them. The debate is that it just is. Kind of like when we were all in kindergarten and the inevitable debate would break out..."Are too!"..."Are not!"..."Are too!"........

When the fox guards the hen house, unsupported conjecture can be sold as fact.

 

[DWiley]

Now some of the same people are still power players and want appraisers gone after they made a good living being appraisers.

Relying on third party data for the appraisal is not eliminating the appraisal or the appraiser. It is specifically retaining the appraiser and the appraisal as part of the process.