Regulator wins TAF CEO position

[Zoe]

Why wait? The AI and at least a couple of the other professional orgs have their own internal standards. And they offer memberships, sell classes and lobby the politicians on behalf of the the business interests of their members. None of which are part of TAF's role. You can go international and earn a RICS designation while you're at it.

The appraisal orgs you mention don't even let their members vote a rep on TAF. Invalid argument.
I am say all licensed appraisers vote 1 rep in like Non mentioned. It would be step one.

They send all licensed appraisers their credentials and resume and let the appraisers vote for who they want.

 

[Zoe]

I would have no problem with them stating what they stand for that concerns licensed appraisers along with their credentials and resume.

 

[Mejappz]

The appraisal organizations you mention don't even let their members vote a rep on TAF. Invalid argument.
I am say all licensed appraisers vote 1 rep in like Non mentioned. It would be step one.

They send all licensed appraisers their credentials and resume and let the appraisers vote for who they want.

They want it closed that way they can control who gets on what board. If you remember some time ago Pat Turner was mentioned I'm not sure if was for the Button's job but the shill's head nearly exploded. Anyway, they slandered Turner saying he was lobbying for the job. Like Queen Kelly wasn't except she's on the inside.

 

[djd09]

AI or rics...quit drinking the kool aid...buy the book take the class scam is old...ain't it

 

[George Hatch]

WRT electing members to the boards by popular vote, I believe people should think that one through.

The 15hr QE course and the 7hyr CE course have very little overlap with the Instructor's course. That's because the Instructor's course is not about the nuts and bolts and day-to-day. It's about the underlying concepts and principles involved. The "why" of the topic much moreso than the "what". It takes some experience in the business AND some teaching experience to even qualify to take the course, and even at that the cumulative pass rate was only (last I heard) a little over 50%. Meaning a lot of people who took that course never did pass it, and they all had experience with teaching appraisal topics.

If they're going to sit an appraiser-member on the ASB, that someone needs that increased level of familiarity with the material. More than just what it does/doesn't say, but also why those requirements exist and how they fit into the spectrum of appraisal practice. They need to understand how these requirements function in more than just the GSE niche or the FRT niche or the R-O-W niche or whatnot. It's more similar to knowing how to build a good appraisal report format than to merely knowing how to fill it out correctly. The practical experience is an element of that, too - you don't want 100% lawyers or academics or regulators on the ASB (in particular). Having a lawyer who also understands appraising provides an additional perspective, but having a lawyer who knows nothing about appraising could be a problem.

For sure, some of the ASB appointees have been less-than-impressive. My point is that whomever serves, its arguably better if they have some geek-level competency in addition to the practical experience it takes to connect the dots between concept and IRL application. You don't want someone on the ASB who is just going to fly by the seat of their pants and make decisions on the emotional basis because a lot of what they do is anti-lawfare in nature; and lawyers exist to argue the meaning of the word "is". Where the ASB has screwed up in the past is in not fully considering the unintended consequences of their actions - that "misleading" debacle being an obvious example and the "draft report" being another inconsistency.

 

[Francois K. Gregoire]

They want it closed that way they can control who gets on what board. If you remember some time ago Pat Turner was mentioned I'm not sure if was for the Button's job but the shill's head nearly exploded. Anyway, they slandered Turner saying he was lobbying for the job. Like Queen Kelly wasn't except she's on the inside.

Who is "they". There are NO DIRECT APPOINTMENTS to the Board of Trustees, the Appraisal Standards Board, or the Appraiser Qualifications Board. There are APPLICATIONS to the Board of Trustees, and NOMINATIONS to the Board of Trustees. APPLICATIONS are open to ANYONE. Applications for the 2025 vacancies closed March 1, 2024. Three Public Interest positions will be filled. Nominations for the THREE Partner Vacancies on the Board of Trustees were due March 1, 2024.

Individuals to fill the Public Interest and Partner Positions on the board of trustees will be nominated by the Trustee Nominating Committee at The Appraisal Foundation meetings in Indianapolis in May. It's competitive. It's not a gimme. Over 75 applications wee received for 3 Public Interest Positions. Eight nominations were received for 3 Partner Positions. Throw your hat into the ring for the 2026 vacancies in 2025.

 

[Mejappz]

Who is "they". There are NO DIRECT APPOINTMENTS to the Board of Trustees, the Appraisal Standards Board, or the Appraiser Qualifications Board. There are APPLICATIONS to the Board of Trustees, and NOMINATIONS to the Board of Trustees. APPLICATIONS are open to ANYONE. Applications for the 2025 vacancies closed March 1, 2024. Three Public Interest positions will be filled. Nominations for the THREE Partner Vacancies on the Board of Trustees were due March 1, 2024.

Individuals to fill the Public Interest and Partner Positions on the board of trustees will be nominated by the Trustee Nominating Committee at The Appraisal Foundation meetings in Indianapolis in May. It's competitive. It's not a gimme. Over 75 applications wee received for 3 Public Interest Positions. Eight nominations were received for 3 Partner Positions. Throw your hat into the ring for the 2026 vacancies in 2025.

Every single board member in TAF is personally approved by King Dave. If he doesn’t approve of them, they don’t get on the board. King Dave has already sacked several board members because they did not toe the company line.

 

[RCA]

Every single board member in TAF is personally approved by King Dave. If he doesn’t approve of them, they don’t get on the board. King Dave has already sacked several board members because they did not toe the company line.

That's the way it is in so many organizations. To just get into some kind of decision making role - you had better know who flips the switch. That switch could be very complicated involving many players and actually many switches organized with certain logic. If you can figure out how the switches work, you may get somewhere. The problem is, the BIG problem is, is that it is - if not a full time job - something too time-consuming for most competent techies or professionals who have far more interest in their profession than politics to get involved with.

If you take this route - getting into politics - you are going spend a lot time going around in circles, treading water, spinning your wheels. It is, to be clear, fun for some people who want to chatter all day long for pure enjoyment.

Such organizations, and they are very numerous, are highly unproductive, frozen in time. The Appraisal Institute comes to mind.

-- And that's why we don't have a lot of competent people in politics in many areas. Once the political game dominates, bye-bye to the competent professionals.

The only competent organizations are the ones which have learned (or rather developed a certain "organizational intelligence") to keep politics out of the core leadership - by doing a very good job of managing the public interface (focusing on competence and objectives, etc..).

The appraisal infrastructure in the US has been almost irreversibly ruined by politics. We need to let it just die a gradual death and build something new on the side, - on the West Coast - California might be good. .... A good idea would be to make it rather invisible, in the realm of advanced statistics, mathematics and technology. Avoid the terms "appraisal" and "valuation". How about the good old "Quantitative Decision Making". Yea, I kind of like that. Squeeze advanced valuation under that.

 

[RCA]

Most appraisers, maybe nearly 100%, don't know how absolutely stupid current appraisal is.

Think about it. Collateral is the value of an asset should a loan agreement go south sometime in future for example because the borrower fails agreed up on payment terms.

1. OK. So understand, the lender should want to really know how much the future minimum MV of the subject collateral is likely to be worth under various scenarios with various probabilities - so he can make a good decision on the maximum amount of the loan.

2. Let say the subject is a 15 year old $100M office building.

3. What will the MAI commercial appraisers do? Most likely they will give by far the most weight on a DCF based projected income stream going into the future a dozen or so years or more.

4. But then they will calculate the net present value to give an estimate for the current Market Value. Hmmmmm. Hmmmmm. Doesn't the lender really want the future likely value of a range of years into the future? I mean the appraiser is basing everything on a future income stream. Why is he ****ing backing it up to a present value? Does that make sense? Well only because that is just the way things are done. Yea. Brain dead.

We have to JUMP so far ahead to do things right it is pathetic.

(Yes, in far past, we didn't have the computational power to do appraisal they way it should ideally be done. But that time has long past.)

 

[Francois K. Gregoire]

Every single board member in TAF is personally approved by King Dave. If he doesn’t approve of them, they don’t get on the board. King Dave has already sacked several board members because they did not toe the company line.

Just because this is often repeated does not make it true. Parroting it here proves folks have no clue, but love to pretend.