Hybrid Appraisals

[George Hatch]

But we are told PDC has nothing to do with appraising by FNMA, and AI says its appraisal experience.

The AI has an opinion. Just like everyone else.

 

[TerryRohrer]

"properly supervised trainee" includes 2 separate differences from an untrained PDC.

Who do you suppose will be monitoring those differences?

 

[George Hatch]

If you're referring to the State appraisal board, their jurisdiction over what and whom is spelled out in the state law, right?

Mejappz just posted a section in FL law that refers to "valuation services" that term having its own definition in that section of law. Maybe some atty can figure out how to pin that regulatory definition on the process of property data collection.


Meanwhile, the types of data they're collecting are explicitly excluded from the definition of "ASSIGNMENT RESULTS" as that term is used in the Confidentiality section of the ETHICS RULE. Note that "assignment results" includes opinions and conclusions from (the USPAP version of) "valuation services". This clarification first showed up in the 2016 edition so it's been around for a while by now.

 

[Non Sequitur]

What is lost in all of this is that the journey matters. Only thinking about the destination ignores what a good field appraiser learns by taking the journey, and those lessons can't be duplicated by reading PDC reports.