NC Appraisal Board Appraiser Report Feb 2024

[Terrel L. Shields]

All of those remedies could be legislated into existence at the state level.

But will it in the face of opposition from the board?

 

[Dublin ohio]

But will it in the face of opposition from the board?

Our board would have minimal say. It would be commission members completely independent of the board that would have input.

 

[George Hatch]

But will it in the face of opposition from the board?

Whether it is or isn't is a State matter. Between people, including state workers.

 

[Terrel L. Shields]

Our board would have minimal say.

Our board is the authority here. In OK, the board is run by the State Insurance Commission. Different ball game but if you go to change the governance of the board either way, you have to overcome the resistance of an elected official. Not gonna happen.

 

[NC Appraising]

Our board would have minimal say. It would be commission members completely independent of the board that would have input.

 

[George Hatch]

Our board is the authority here. In OK, the board is run by the State Insurance Commission. Different ball game but if you go to change the governance of the board either way, you have to overcome the resistance of an elected official. Not gonna happen.

States' Rights = States Responsibility.

 

[sputnam]

Also, I have a question. Does USPAP even require an adjustment be made to a comparable? Does USPAP require 3 comps or more? Couldn't you simply rank sales and then assess which sale is the most similar? Isn't that a traditional appraisal method?

There are two answers. 1-USPAP does not say that you have to make adjustments or use a certain number of comparables. And yes, qualitative analysis is a recognized method. 2- The Client requires both and therefore, if you accept the assignment, you have to do it.

 

[chad hampton]

Did they sanction any AMC‘s this quarter or just a bunch of appraisers?

 

[Terrel L. Shields]

e Client requires both and therefore, if you accept the assignment, you have to do it.

Where does a "client" REQUIRE an adjustment? If true, how many? Must all comps be adjusted? What is the minimum number of adjustments? At what point does a sale not require an adjustment?

I recall years ago when the same builder built all the houses to the same spec (some left-handed to the others) same SF and built them in the same year. 5 years later I appraised one and made zero adjustments because the three sales were within $1,000 of each other. These were cheap FHA funded houses - 1 carport, brick veneer, 3 bed, 1 bath, open kitchen-living area about 1,000 SF. Should I have done more?

 

[John Hassler]

To the OP, you’re not getting the training you deserve in this environment. Please turn in this supervisor to the state. Having dealt with dozens of cases like this, these are some of the easiest to investigate since it all on the “papers”. The action taken by the state is generally severe for the appraiser as it should be.

Edit: I see that I replied to the wrong OP. The above was in reference to appraisers who falsely certify they inspected the subject when they did not.