Technology in appraisals AO 41

[Non Sequitur]

That reminds me of a thread many years ago where someone shared what happened after making a formal complaint about a specific AMC to their board. There was a long silence and one of them asked "What is an AMC?" The echo chambers of the notables in this industry doesn't know the day of the week most days.

And I have no doubt, that even today, a large percentage of state board members, TAF trustees, and AQB board members are just as clueless.

 

[Mark K]

RCA, from my perspective - you are nothing but a Nut Case because whatever computer model you're chasing, it will not be in practical useful for most appraisers.

Nando finally says something about which most forumites can agree.

Kudos!

 

[Fernando]

Nando finally says something about which most forumites can agree.

Kudos!

Don't poke the bear!
RCA, it was an emotional response at that time.

 

[sputnam]

AO 41 doesn't actually change anything. It does address AI directly and clarifies. Appraisers are still 100% responsible for how the appraisal is developed and what appears in the appraisal report. From the perspective of USPAP, AI is just a different tool that can be used.