Homogeneous banned from the appraisal lexicon

[Fernando]

What a ridiculous standard. Agents don't do what we do.

Agents were "taught" not to use secret words. We have a long way to go.

 

[TerryRohrer]

A high value results in the buyer's equity position being less than if they had bought with a low value.

And appreciation will accrue to the actual value, whatever it is, so purchasing at a price below market will generate a higher ROI than compared to market value while purchasing at a higher price will generate a lower ROI.

 

[Fernando]

[shrugs] Don't cost nothing. Nobody is going to bleed out over having to comply with this one. We have other terms we can use to describe the physical composition of the property uses in a neighborhood.

For those who still living in their bubble, it's been called out. Just use another more objective more descriptive term.

 

[shrubberyvaluation]

Try not to use words with more than six letter - as lender may have a hard time with it.

The English language has these words that are intended to be descriptive. No word is "illegal." That's why we have a First Amendment. Wokism simply is trying to abolish the Bill of Rights by destroying the meaning of words.

People have to remember we are writing reports so our intended users can understand it.

 

[Mejappz]

Try not to use words with more than six letter - as lender may have a hard time with it.

The English language has these words that are intended to be descriptive. No word is "illegal." That's why we have a First Amendment. Wokism simply is trying to abolish the Bill of Rights by destroying the meaning of words.

Precisely!

 

[glenn walker]

Before licensing, it was difficult to become an appraiser because clients/lenders had to be confident in one's skill.
With licensing, ANYONE can easily can call themselves an appraiser. Over 20 years ago, my cousin surprised me when he said he got the Trainee license. He moved to Texas and I don't think he's an appraiser anymore.

Thats BS I got my Brokers License in 1984 and belonged to MLS when most appraisers did not and the State of CA gave me 1,000 free hours towards my credits to take the appraisal license test becuase many of us had looked at hundreds of properties and new many facets of valuation. In fact I also did appraisals as appraisers did not have licenses back in those days.

 

[George Hatch]

People have to remember we are writing reports so our intended users can understand it.

Not only do the readers need to understand it, but they also need to be able use it without subjecting themselves to legal liability later on. It's not all about us as appraisers.

 

[glenn walker]

The most dangerious word in the history of the english language is "Woke"

 

[Terrel L. Shields]

Before licensing, it was difficult to become an appraiser because clients/lenders had to be confident in one's skill.

Actually, every broker in town was an "appraiser" - maybe a few were AI - or the old AIREA - but some were ASFMRA, some were NAMA, etc. They took a couple of courses and had some sort of designation. But only a few attempted to market their appraisal value since most work was limited. Banks didn't use them except for secondary market and VA, and exceptional properties they did not feel comfortable valuing themselves. Only FIRREA created a demand for full-time appraisers. The hard part of finding anyone who needed an appraisal. Even after licensing, we had the 3 referee system for estates where "three knowledgeable people" were the team who developed an appraisal value. Under certain foreclosures it is still the law in Oklahoma. It takes 3 people chosen by the sheriff to value a property. But licensing changed that. That's went 2 of our brokers became full time appraisers. Yeah, the rest of us had to train. We had to find mentors. We had to take far more classes and follow more stringent guidelines. When I house was built, the construction appraisal was 4 pages long. Transmittal letter, Green form, map, and comp pages. The second appraisal was after licensing, and was about 12 pages long.

No. It was not easy to become an appraiser.

 

[jay trotta]

"Word salad" is now and will forever be Politically Driven,.
Similar to "accountability" Etc. that has no meaning for Politicians, just everybody else.

Who is the deciding factor of how you write a report? Is that IRS compliant as an Employee??