Lawsuit Alleges Appraisal Institute Has Given States Fraudulent Test Results For Years

[Mejappz]

Make sense to have that conversation. But you can’t have that conversation when everyone freaks out at mention of it.

I’d love to see recertification ever 5 years, basically taking the current edition of the national licensing exam for your license level. You have to pass but you can keep taking it. Make it difficult. Eliminate all mandatory CE except USPAP. Right now CE is a compliance exercise and many of the courses provided offer no real value to BOTG appraisers. There are wonderful non-CE resources out there on YouTube and in books, and eliminating mandatory CE would incentive people to actually learn.

We are going to get to a point where traditional CE offering cannot keep up with the market. I believe the recently developed PAREA modules demonstrated how to measure a home using a laser. That’s already basically obsolete. Education is going to have to adapt and if we regulate it and mandate only approved courses then it’s going to be behind the curve. IMO

We cannot allow anyone from TAF or the Appraisal Institute to oversee this recertification process. About 20 years ago, I discussed their so-called educational offerings related. The response I received was, "Well, we're still figuring out how that's all going to work." They are 40 years behind the times.

 

[CGinMN]

I'm not opposed to starting any conversation, but that isn't what she did. She sent a letter to the AQB out of the blue.

As far as the rest of your post, the conversation would include what other similar licensed professionals are required to do. I'm not aware of any that are periodically recertified but admit that I haven't researched the subject.

Doctors and medical, CPAs, law enforcement with firearms training, pilots, I’m sure there are others.

 

[Non Sequitur]

Doctors and medical, CPAs, law enforcement with firearms training, pilots, I’m sure there are others.

Again, define recertification. I'm familiar with POST certification, they don't send you back to the academy. And I'm pretty sure not all medical doctors have to retake boards, just some specialties? Either way I'm not opposed to starting a conversation, and again starting a conversation isn't sending a letter to the AQB proposing the change without first consulting with the members you represent.

 

[CGinMN]

Recertification is basically proof of competency. A proctored exam that makes even George want brush up on the important concepts before going in. CE is not proof of anything other than you sat in a chair.

The way I see it, her suggestion was just a conversation starter because whatever conversation happened quickly ended and we haven’t heard anything since. There might be some drawbacks, yes, and I don’t think AI was proposing to do away with mandatory CE as that would not be in their interest, but whatever we have now isn’t functioning to the intent, unless the intent is money in the pockets of CE providers.

 

[CGinMN]

I think the most pressing question for residential is how to we incentive the right people staying in the field, while encouraging the others to exit, as efficiency results in an excess supply of appraisers going forward. I don’t think the GSEs are really at all concerned with this question, but for people who throw around phrases like “public trust” it should be top of mind.

 

[Mejappz]

I'm not opposed to starting any conversation, but that isn't what she did. She sent a letter to the AQB out of the blue.

As far as the rest of your post, the conversation would include what other similar licensed professionals are required to do. I'm not aware of any that are periodically recertified but admit that I haven't researched the subject.

It’s all a moneymaking scam . Even Carlton Sheets and Ton Vu would be embarrassed to be a part of it.

 

[ucbruin]

I think the most pressing question for residential is how to we incentive the right people staying in the field, while encouraging the others to exit, as efficiency results in an excess supply of appraisers going forward. I don’t think the GSEs are really at all concerned with this question, but for people who throw around phrases like “public trust” it should be top of mind.

"Public trust"....
Like "In GOD we trust"....
Are meaningless when it comes to power and money....
Just nice sounding short catch phrases that people can remember....

 

[Zoe]

I think the most pressing question for residential is how to we incentive the right people staying in the field, while encouraging the others to exit, as efficiency results in an excess supply of appraisers going forward. I don’t think the GSEs are really at all concerned with this question, but for people who throw around phrases like “public trust” it should be top of mind.

"Why" is a deep question Sir that I think you present.

Have you worked very heterogenous markets on residential? "public trust" comes into play on single family residential assignments. I can go further on whom is the client. But I will leave it at that perspective for the moment.

 

[Zoe]

I'll throw civil war in for USA. Public trust was lost............. thus civil war.

The attack on Jan 6 on the US Capitol does not compare to the civil war when public trust was lost.

Brothers were fighting against each other in the civil war.

Public trust was at the root.

 

[Zoe]

Why did the lady in charge of residential side at appraisal institute get fired?

I like her. Was it because she was a woman?...........cough.........cough. Don't think so.