Senate Passes Housing Bill--Does it have the Dodd Bond?

[Michael Tipton]

Anybody see if the provision for physical inspection of property stayed in?
This might save Christmas once the refi's start flowing in.

Isn't that a current FHA appraisal requirement per appendix d? I don't see anything changing the existing FHA requirement.

 

[c w d]

Please expand on that. Sincerely. I don't have a clue regarding what you are saying.

I have not read the bill, only what has been posted here. But, if the bill states that one must be state certified or certified by a national organization then what exactly does that mean?

From the looks of it there appears to be accommodations for someone that is not state certified but certified by a national organization. Are we seeing the ground work for another type of appraiser certification? I don't know. But how does such a provision be included into a bill when there are, to my knowledge, no such certifications by national organizations. The national organizations such as the AI only have designations that are contributory to state certification not independent from them. By using the word OR the bill recognizes the independence of certifications from national organizations. If the bill had used AND instead of OR then the bill would have required additional qualifications. But, in this respect, it does not.

So, if one can be certified by a national organization does this allow that appraiser to practice in any state? This certified appraiser is not licensed in a particular state. Therefore he/she is not bound by state law, at least on the surface. Who is responsible for disciplinary actions against such an appraiser? I doubt it's going to be the state since they will not have jurisdiction over an appraiser who is not licensed in their state aside from criminal misconduct.

 

[JSmith43]

So, if one can be certified by a national organization does this allow that appraiser to practice in any state?

I sure hope so. That must mean they read my letter!

Federal pre-emption of Federally mandated state licensing? Trapped in a loop?

 

[Dwayne Drummond]

Isn't that a current FHA appraisal requirement per appendix d? I don't see anything changing the existing FHA requirement.

Possibly I have several bills confused, a lot going on right now.

 

[Mike Garrett RAA]

Everyone take a chill pill and wait it out.

 

[Mike Phillips]

explanation snipped

OK, thanks. At least I understand your argument. I'll have to give that some thought. I think the use of certain terminology is just the result of ignorant lawmakers not knowing the definition of some terms. I'm sure we will getting some clarification very quickly.

 

[Mike Phillips]

RE: Lic v Certified
Licensed who have been on roster especially for some time (as I have) will rear up like ugly monsters if we are booted. <snip> (don't rail me... I too finished all ed and hours..just been too way laid with all this carnage and the portal thing here in VA to take the test - but I will!)

Yeah, I hear you. That's exaclty the attitude that would be expressed by many - see my previous post re: "screaming like mashed cats." And you'd hear every reason in the world from folks who got caught with their pants down why they shouldn't be held to the same standards as everyone else.

See Mike Kennedy's post above.



Personally, I'm working on my SRA. I used to be an associate member of the AIREA/SRA - I earned ALL my experience and education credit decades ago and I even wrote a demo that is still in rough draft form. Note to SRAs: yes it was a truly religious experience.

But...you see, since '82 when I started in this business I've had "issues." Wife, kids, house, work, baseball dad, football dad, like to eat, drink, travel, fish, play guitar and on and on and EVERYONE should cut ME some slack. I expect I'll get that SRA someday, after someone or something lights a fire under my backside.



Bottom line - the AQB set new requirements. The Licensed category license remains a work-around those guidelines. The barn door is closing.

 

[moh malekpour]

The appraiser qualification for this bill that requires being either certified by state or certified by professional organization is confusing and doesn’t sound right. My guess is that staffers who might not be familiar with the mechanic of appraisers licensing wrote that section of the bill hastily without paying attention to its ramification. There are 3 possibilities that they wrote it that way but I don’t think either of them makes sense:

1-they think that appraisers can be certified either by states or by professional organizations. This is very unlikely because according to title XI of FIERREA, all appraisers have to be certified or licensed by states and for that reason, professional organization cannot issue certification or license for appraisers.

2- they just made an amendment to title XI of FIERREA on this bill and changed the licensing procedure in order to let professional organizations to issue certification for appraisers as well. This is also very unlikely because when they make an amendment to a law, they have to say that it is an amendment to that law and I haven’t seen anything about amendment to title XI of FIERREA in that bill. Have you?

3-They meant that if some appraisers are not certified by states but are licensed by states, they should be certified by professional organizations in order to be qualified to do those appraisals. This is also very unlikely because any appraiser who has enough education and experience to be designated is also more than qualified to be a state certified. It is very unlikely to be a rookie appraiser and be designated at the same time and also it is against the XI of fierrea for the professional organzition to issue certification.In this case, they might be confusing a designation by professional organizations with a certification.

In addition, singling out state licensed appraisers against state certified appraisers is discriminatory by nature and they wouldn’t do it unless they had a very good reason and I didn’t see any reasoning for that action.

 

[Hamlet]

Why don't they just bring back the FHA test? It doesn't make any sense to kick someone off the roster who did pass an FHA test and does quality work simply because they hold a license rather than a certification, ESPECIALLY considering they did away with the test and all you have to do is send an application. Whether you are licensed or certified, you still have to understand and follow FHA guidelines.

 

[Conservative in Virginia]

and has been said over and over... Passing the test,or for that matter taking USPAP classes every two years will not automatically infuse ethics, honesty or a desire to preserve the profession

tis a dam shame isn't it?

Yeah, I hear you. That's exaclty the attitude that would be expressed by many - see my previous post re: "screaming like mashed cats." And you'd hear every reason in the world from folks who got caught with their pants down why they shouldn't be held to the same standards as everyone else.

See Mike Kennedy's post above.



Personally, I'm working on my SRA. I used to be an associate member of the AIREA/SRA - I earned ALL my experience and education credit decades ago and I even wrote a demo that is still in rough draft form. Note to SRAs: yes it was a truly religious experience.

But...you see, since '82 when I started in this business I've had "issues." Wife, kids, house, work, baseball dad, football dad, like to eat, drink, travel, fish, play guitar and on and on and EVERYONE should cut ME some slack. I expect I'll get that SRA someday, after someone or something lights a fire under my backside.



Bottom line - the AQB set new requirements. The Licensed category license remains a work-around those guidelines. The barn door is closing.