Regulator wins TAF CEO position

[djd09]

Appraiserville​

Lyin’ Dave (“LD”) Calls Me A Liar While Lying​

Before I start, I wanted to give a personal shout-out to Dave and Kelly, who will read this newsletter for damage control. For the uninitiated, The Appraisal Foundation (TAF) has been run by Dave Bunton, the only leader of the organization since its inception, and assisted by his hand-picked replacement, Kelly Davids who essentially runs it now. As a reminder, TAF is the organization that wrote the bat-**** crazy letter, the chicken**** letter and is the subject of an active investigation by HUD on whether USPAP promotes a lack of diversity in the appraisal profession (400th out of 400 occupations, according to BLS in 2021).


In the fourth public hearing on appraisal bias on Tuesday, February 13th, Chicago residential appraiser Maureen Sweeney kicked @$$. She hammered the AMC model and the lack of transparency on the cost of appraisal vs AMC’s, which are lumped together in settlement statements as “Appraisal Fee.”


And the three+ decade president of The Appraisal Foundation Dave Bunton was grilled about his succession plans by several individuals on the Appraisal Subcommittee since he had already announced retirement. Their concern was primarily because TAF policy is the crucial reason the appraisal industry is so bad at diversity and is losing the public trust.


NEWSFLASH: Dave Bunton called me a liar in a public meeting this week as he lied about his replacement process when he retires. I’m impressed he had the nerve to slander me after what Fortune Magazine recently said about me (I’ve been waiting for the right moment to humblebrag this..ha).




Dave was bobbing and weaving to the series of questions thrown at him from ASC, begging off with the tired answer, I’m “not involved” in the process. That response is a lie. Even though he ironically called me a liar in this public hearing and said that I have a problem with the truth, everyone in the D.C. appraisal world knows TAF is a monarchy, and he is the king. Every board member in TAF is ultimately personally approved by Dave. I’ve had personal experience with this. Sadly, many people in the industry are more than qualified than some of the people he recycles to maintain absolute control over all boards at TAF (more on that further down).


I now dub Dave Bunton “Lyin’ Dave” (or “LD” when the mood strikes) in perpetuity and will think of “Lyin’ Eyes” everytime I write it.


For years, the TAF rumor mill has maintained that LD selected his long-time deputy, Kelly, to take over when he retires. The ASC board members at the hearing peppered him with his successor plans because they didn’t want a continuation of the status quo such as the extreme lack of diversity in the appraisal profession TAF fosters. All his bobbing and weaving to the ASC questions at the hearing made this fact more than evident as he gave non-answers on the topic of succession. It was such an embarrassing performance that I felt sorry that LD didn’t know better. One may ask why he cares about his successor so much, so it sure sounds like he has a financial incentive. I can only assume that he has a consulting deal with TAF post-retirement, so he keeps his toe in the pool of the appraisal industry for personal relevancy and draws a nice fee for doing nothing simultaneously. After all, he makes over $500,000 a year for managing a 13-person entity (excellent work if you can get it). Remember that TAF has no real “oversight,” technically as they figured out a work around to avoid taking ASC grants which were designed to provide ASC with oversight powers.


Let’s review some hard-working appraisers’ feedback on LD’s (not sworn under oath) testimony at the Tuesday hearing. Appraisers across the U.S. shared with their reactions to LD’s performance. Here are some examples.

Post-Super Bowl Housing Market Taylored For Swifter Conditions - Housing Notes

Hello to my Housing Notes subscribers... ...lots of fresh housing market information and good reads awaiting discovery by you... Jonathan Miller

housingnotes.com

look bro...we made it on J. Miller's blog

i wrote that one...

 

[Non Sequitur]

Maybe someday TAF will be headed by somebody who's actually written an appraisal report.

Never going to happen, the bureaucracy is in place and isn't going anywhere.

 

[Mejappz]

Appraiserville​

Lyin’ Dave (“LD”) Calls Me A Liar While Lying​

Before I start, I wanted to give a personal shout-out to Dave and Kelly, who will read this newsletter for damage control. For the uninitiated, The Appraisal Foundation (TAF) has been run by Dave Bunton, the only leader of the organization since its inception, and assisted by his hand-picked replacement, Kelly Davids who essentially runs it now. As a reminder, TAF is the organization that wrote the bat-**** crazy letter, the chicken**** letter and is the subject of an active investigation by HUD on whether USPAP promotes a lack of diversity in the appraisal profession (400th out of 400 occupations, according to BLS in 2021).


In the fourth public hearing on appraisal bias on Tuesday, February 13th, Chicago residential appraiser Maureen Sweeney kicked @$$. She hammered the AMC model and the lack of transparency on the cost of appraisal vs AMC’s, which are lumped together in settlement statements as “Appraisal Fee.”


And the three+ decade president of The Appraisal Foundation Dave Bunton was grilled about his succession plans by several individuals on the Appraisal Subcommittee since he had already announced retirement. Their concern was primarily because TAF policy is the crucial reason the appraisal industry is so bad at diversity and is losing the public trust.


NEWSFLASH: Dave Bunton called me a liar in a public meeting this week as he lied about his replacement process when he retires. I’m impressed he had the nerve to slander me after what Fortune Magazine recently said about me (I’ve been waiting for the right moment to humblebrag this..ha).




Dave was bobbing and weaving to the series of questions thrown at him from ASC, begging off with the tired answer, I’m “not involved” in the process. That response is a lie. Even though he ironically called me a liar in this public hearing and said that I have a problem with the truth, everyone in the D.C. appraisal world knows TAF is a monarchy, and he is the king. Every board member in TAF is ultimately personally approved by Dave. I’ve had personal experience with this. Sadly, many people in the industry are more than qualified than some of the people he recycles to maintain absolute control over all boards at TAF (more on that further down).


I now dub Dave Bunton “Lyin’ Dave” (or “LD” when the mood strikes) in perpetuity and will think of “Lyin’ Eyes” everytime I write it.


For years, the TAF rumor mill has maintained that LD selected his long-time deputy, Kelly, to take over when he retires. The ASC board members at the hearing peppered him with his successor plans because they didn’t want a continuation of the status quo such as the extreme lack of diversity in the appraisal profession TAF fosters. All his bobbing and weaving to the ASC questions at the hearing made this fact more than evident as he gave non-answers on the topic of succession. It was such an embarrassing performance that I felt sorry that LD didn’t know better. One may ask why he cares about his successor so much, so it sure sounds like he has a financial incentive. I can only assume that he has a consulting deal with TAF post-retirement, so he keeps his toe in the pool of the appraisal industry for personal relevancy and draws a nice fee for doing nothing simultaneously. After all, he makes over $500,000 a year for managing a 13-person entity (excellent work if you can get it). Remember that TAF has no real “oversight,” technically as they figured out a work around to avoid taking ASC grants which were designed to provide ASC with oversight powers.


Let’s review some hard-working appraisers’ feedback on LD’s (not sworn under oath) testimony at the Tuesday hearing. Appraisers across the U.S. shared with their reactions to LD’s performance. Here are some examples.

Post-Super Bowl Housing Market Taylored For Swifter Conditions - Housing Notes

Hello to my Housing Notes subscribers... ...lots of fresh housing market information and good reads awaiting discovery by you... Jonathan Miller

housingnotes.com

look bro...we made it on J. Miller's blog

Like I told you: The truth is like a lion; you don’t have to defend it. Let it loose; it will defend itself.”​

Get ready the shills are meeting with their new boss Queen Davids I and taking orders. Damage control and how best to slander practicing appraisers is on the to-do list.

 

[Terrel L. Shields]

Maybe someday TAF will be headed by somebody who's actually written an appraisal report.

Nada chance...

 

[Dublin ohio]

Never going to happen, the bureaucracy is in place and isn't going anywhere.

By the time any appraiser that could get into the position to be considered. They would have to be fully entrenched in the bureaucracy and accompanying politics involved.

 

[djd09]

Like I told you: The truth is like a lion; you don’t have to defend it. Let it loose; it will defend itself.”​

Get ready the shills are meeting with their new boss Queen Davids I and taking orders. Damage control and how best to slander practicing appraisers is on the to-do list.

look...the appraisers have unconscious bias

 

[Mejappz]

From the TAF Facebook page.

 

[djd09]

 

[Mejappz]

Why is the Queen dressed like a man?

 

[Terrel L. Shields]

.the appraisers have unconscious bias

Yes, you are biased because we told you so and since you do not believe it, we will now shove it down your throat with a forced bias class to brainwash you into believing we are right. Conform or we destroy you.