Well, the appraiser has only been licensed/certified for 20 years, so they really should not be accountable for what they may not have known or understood. Someone else should be subject to this disciplinary action as the state did not establish whether the appraiser was were ignorant or indolent. After all, the subject sold for $170,000 on 2/1/23, and their opinion of value as of 9/21/23 was $419,000, and subsequently increased to $479,000. Who, after only 20 years of practice, could be expected to understand that someone in the food chain might question their report? I think we should revolt and support this poor appraiser, who may simply not have known that their mentor and/or CE were inadequate.
In other draconian measures taken by this mean old board (they noted that this and another appraisal were completed for Rocket Mortgage), they noted that one appraiser didn't have a copy of the first appraisal report he completed of 5 with the same effective date (including one three years later, 10 days after the complaint was filed); and they criticized another appraiser for relying on Titan Analytics because they couldn't determine if the comparable sales included in the report were in the Titan Analytics data. How can they be so cruel as to hold an appraiser with only 8 years of experience accountable for not keeping a report they completed less than three years earlier? By my count, they would only have had 43 hours of ASC/AQB mandated training by that point, so it must be TAF or the AQB's fault that it didn't occur to them that 3 years is less than 5 years.
