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TAF and USPAP - great analysis

mdboxberger

mdboxberger

Freshman Member
Joined
Feb 7, 2022
Professional Status
Certified General Appraiser
State
California
The 2yr cycle for the update course made more sense 20 or 30 years ago when appraisers commonly didn't come to a usable understanding of what is/isn't among these requirements until they had been living with them for several years. I can't tell you how many times course participants told me they learned more about USPAP from the update than from their initial QE course.

But that was then and this is now, so we arguably are overdue to limiting revisions and CE update courses to 1/4yrs. Personally, I always thought 14/yr was excessive to purpose. However, I have taught both the QE and CE courses for USPAP and I can tell you for a fact that almost none of the QE course participants really connect the dots between what these requirements actually are and how significant they are to the individual's day-to-day. To someone who has no experience or exposure these course materials are all in the abstract. They can't imagine how pervasive the challenges to their role will be and how it sometimes is coming at them from all directions.

Most of us forget the amount of time/effort we have spent transitioning from merely filling out the form or the narrative template to actually relating the mechanics with the underlying concepts and principles in play. It really does take years and repeated passes at the material to get to the point of making the material work for us instead of the other way around.


The 14/yr average for CE requirements is common among various professional licensing programs. All eliminating a 7hr update at the 2yr mark means is that the licensee will have to find a different 7hr course to take it's place. The AQB could consider reducing the CE requirement from 14/yr (avg) to whatever it was before they bumped it to 14/yr (I forget what the number used to be). But appraisers as a group are notorious for their oppositional defiance proclivities and would be equally criticize of any CE requirement in excess of 0 hours every 4 years.
 
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mdboxberger said:
www.bisnow.com

The Bible For Appraisers Is A Cash Cow For Its Creator. But The Industry Is Losing Faith

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www.bisnow.com www.bisnow.com

Highlights the silly 2 year update cycle, and burdensome USPAP and course requirements!
Click to expand...

The entire system is a scam, and a group of us has been exposing this corruption for years. The appraisal industry urgently requires a complete overhaul, beginning with the elimination of USPAP, AMCs, and the undue influence of lenders and chief appraisers. We must also address the flawed methodologies that currently dominate the valuation process. Moreover, the intrusion of GSEs into the valuation space must be curtailed to restore integrity and fairness.
 
I'm going to register to read the article. If it's good, I'll contact Sasha and help her get the article syndicated.
 
Mejappz said:
The entire system is a scam, and a group of us has been exposing this corruption for years. The appraisal industry urgently requires a complete overhaul, beginning with the elimination of USPAP, AMCs, and the undue influence of lenders and chief appraisers. We must also address the flawed methodologies that currently dominate the valuation process. Moreover, the intrusion of GSEs into the valuation space must be curtailed to restore integrity and fairness.
Click to expand...
which methodologies are flawed?
 
George Hatch said:
The 14/yr average for CE requirements is common among various professional licensing program
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Some have more hours, but the courses are often six hours so you take 5 six hour classes over 2 years. Some CPAs require 16 hours of in-class training but a total of 30 or even 40, mostly on-line classes. In Arkansas Architects have 12 hour annual requirement, and a six hour class is much easier to complete than 7. you either have to start before 9 or finish at rush hour whereas the six hour class gets you out earlier and ahead of the rush...not to mention less tiring. After all, some of us have to travel between 30 and 200 miles to take a class. Getting up at 4 am to make class and then back home about 10 pm is exhausting. Most of my QE was either in Ft. Smith (60 miles) or Pryor Creek (70 miles) and it made for a long day. One of my subs went with me and she had lupus. Nearly passed out before I got her back home and she was unable to work the following day.
 
James Micozzi said:
Still waiting...
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I recommend using the search engine on the forum to find the discussions where both Bert (RCA) and I have commented on this topic. Additionally, it would be beneficial to review recent news articles discussing appraisals. Recently, there was a notable case where two appraisers valued the same property and had a significant difference of over $500,000. Just a few weeks ago, one appraiser valued the property at $700,000 while another valued it at $1,100,000. Once you've completed this research, feel free to return here to discuss the topic further.
 
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