Suspensions And Revocations

[Peter LeQuire]

From time to time, I look at the actions taken by TREAC. Most of the summaries of its actions cite appraiser' failures to "adequately summarize" or "adequately" analyze" something or other - contract, listing, prior sale, etc.

I understand those requirements, but USPAP is vague about what "analyze" requires, leaving a great deal of room for a contract reviewer's subjectivity, bias, and animus. Most of the hearings result in some disciplinary action,

It's not a good system-appraisers are pushed to provide minimal reports while reviewers and regulators punish them with subjective application of vague standards,

 

[Terrel L. Shields]

I understand those requirements, but USPAP is vague about what "analyze" requires, leaving a great deal of room for a contract reviewer's subjectivity, bias, and animus. Most of the hearings result in some disciplinary action,

It's not a good system-appraisers are pushed to provide minimal reports while reviewers and regulators punish them with subjective application of vague standards

Amen Bro. LeQuire...you are preaching to the choir though...

We have an awful system that demands more and more from us but wants it delivered for a much lower cost in a much reduced format. The regulators want a self-contained report and the client wants a letter appraisal.

 

[Joyce Potts]

Never fear, they're still appraising based on their Facebook posts. Thank goodness for recently certified trainees, right?! Yes? No?? But I genuinely with them the best with their health issues.