National Appraisal Industry Leadership Remains Wildly Incompetent So The Solution Is Local

[Mejappz]

Jonathan Miller trashes the incompetent and corrupt Appraisal Leadership. Good work JM. ​

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National Appraisal Industry Leadership Remains Wildly Incompetent So The Solution Is Local​

Two key entities represent the appraisal industry and both are self-dealing and have shown disdain for residential appraisers for at least two decades. I only bring this up because local appraisal groups should not wait for national organizations to take charge. They have a track record of not being responsive to new challenges in the industry, especially for residential appraisers. A local response to this MLS data challenge is needed.

The Appraisal Foundation is a non-profit that manages the language of appraisal licensing and certification created by Congress. They are quite incompetent but excel as experts in bureaucratic self-preservation and making appraisers jump through unnecessary hoops as if they are rocket scientists. Their effort to preserve their self-dealing was reflected in their former president’s actual lies in front of the Appraisal Subcommittee in Washington DC. LOL! I’ve written about this in the past. The appraisal industry doesn’t trust them.

The Appraisal Institute is the industry’s largest trade group and is patently corrupt, self-dealing, politically charged, and incompetent. I had hope for the future until they got rid of its recent superstar CEO Cindy Chance because she was exposing their bad behavior and dared to focus on the needs of its appraiser membership (where is the Illinois federal prosecutor’s office when we need them?). After eight years of exposing the self-dealing of the Appraisal Institute, I had already stopped my weekly blogging on Appraiserville last summer to focus on my new format here on Housing Notes and spend more time on my startup. But today I found out that a RAC Appraiser (I used to be the national president of RAC) whose identity is unknown to me, was summoned to AI Headquarters in Chicago to sit before their ethics committee (a deep analysis of their vindictive hypocrisy will be shown the light in a future post). The RAC/AI member’s transgression? The ethics board is accusing this member of feeding me (Jonathan Miller) information that helped topple the former JA administration. Well, the “ethics” panel needs to call forward hundreds of AI members and the majority of the BOD if they want to be thorough. This bad behavior is enough motivation to reopen my other blog Appraiserville. I will be paying close attention to their actions in the coming weeks and months. When will AI ever decide to serve the needs of its membership? AI members don’t trust their leadership but are scared to speak out because of a pattern of personal retribution. Hence, the local strategy for appraisers and MLS systems to solve the new data problem.

Final Thoughts​

In the aftermath of the NAR settlement, the MLS industry has been told that NAR wants them to “figure it out” on their own. The appraisal industry has the potential to get the MLS industry to standardize some additional fields needed to better understand the consideration paid for a home and be able to make adjustments to a competing home. The national appraisal industry has been unable to show leadership over recent decades because of all its self-dealing and other bad behavior. Bad behavior is easily given oxygen because appraisers are generally an industry of “lone wolves” barely able to have a voice in the national conversation.

With the pivot in how commissions are paid post-NAR settlement, the appraisal industry now has the opportunity to speak up about the specific fields they will need from the MLS industry to fairly value the housing market. It’s really up to local appraiser groups to connect and advise the MLS systems they rely on. Take action now.

https://housingnotes.com/MLS-systems-need-clear-cooperation-from-appraisers/