The Appraisal Foundation And AI At It Again.

[Rick Stillman]

This is my favorite part and so true:

"Since then, regulations and rules have been piled onto the appraisal community, sometimes with devastating effect. Few can objectively disagree that today, appraiser regulation is too multi-layered, too complex, too dysfunctional and too rules-laden. No other area of real estate is regulated as much as appraisers are regulated".

I feel so much better knowing that our industry leaders are fully in charge and aware of what is happening. I was thinking this was happening too, but they are way ahead of me in every regard.

 

[Meandering]

AI is right, how can you have public trust when you change the USPAP every two years.

But when they were a part of TAF, there was a long period when they changed USPAP every year. So what's changed that now it's an issue for them?

.

 

[Pittsburgh Pete]

AI is right, how can you have public trust when you change the USPAP every two years.

But when they were a part of TAF, there was a long period when they changed USPAP every year. So what's changed that now it's an issue for them?

.

So you believe it is the sponsoring members of TAF that change USPAP and not TAF? Don't believe you quite grasp the nature and make up of TAF.

 

[Meandering]

So you believe it is the sponsoring members of TAF that change USPAP and not TAF? Don't believe you quite grasp the nature and make up of TAF.

I believe you have a reading comprehension problem.

Please re-read what I wrote.

.

 

[Pittsburgh Pete]

I believe you have a reading comprehension problem.

Please re-read what I wrote.

.

Read and reread what you wrote. Not my reading problem Marion, it's your writing problem.

Your post: "But when they (AI) were a part of TAF, there was a long period when they (assuming AI given that in the first clause "they" referenced the AI) changed USPAP every year. So what's changed that now it's an issue for them (would still assume you are referring to AI)?

Pronouns can be useful but they also can be confusing when used so haphazardly.

 

[Meandering]

Let me re-phrase then.

Why was there no letter about maintaining public trust, influenced by changing USPAP,

for all the years that USPAP had been changed every year,

and all the years the USPAP has been changed every two years,

which combined, has been more than 20 changes?

Why now is the appraiser organization addressing it?

What has changed, after more than 20 USPAP changes, that prompted this letter?

Why haven't any other "interested parities" addressed this issue over all the USPAP changes over all the previous years? Or even now, for that matter?

And I will add,

That in my opinion, and I have posted this several times,

It's freaking ridiculous to change the definition of what an appraisal is, in USPAP,

after all these years of states regulating what an appraisal is,

based on what USPAP says an appraisal is.



.

 

[factsandtruth]

It would be a big conflict of interest and cause all sorts of problems to let a "private run" organization run the appraisal industry...name one professional licensed industry that is ran and regulated by a "private company"??
Teachers, accountants, doctors, lawyers, pharmacists, agents?

 

[Ken B]

What do you think TAF is, exactly?

 

[Rick Stillman]

It would be a big conflict of interest and cause all sorts of problems to let a "private run" organization run the appraisal industry...name one professional licensed industry that is ran and regulated by a "private company"??
Teachers, accountants, doctors, lawyers, pharmacists, agents?

That is absolutely correct my dear Watson.

You can't even "earn" a designation from them. You rent it. If and when you decide you've had enough of their rehashing of the same old stuff , whether that be the definition of an appraisal, as Marion pointed out, or the all important cost approach - and you decide to set off on your own - oh you have to "give back" the SRA or MAI designation that you worked for and paid for. That's how they operate. Totally unprofessional in my opinion, but I am not of their esteemed caliber, so I may be mistaken, of course. Every trade school, college, and university that I know of lets you "keep" your designation that you worked for, and paid for.

At one time I was gun ho on being the best appraiser the world would ever see, then I discovered that, oh, I can't be because I don't have a four year degree. Neither did Edison - or Jobs, Gates, Dell, or Zuckerberg, either - for our modern times. Funny how they didn't need "an organization" such as AI, or even a degree for that matter, isn't it?

If AI somehow wrests the reins, nothing good will come of it, which should be obvious (cue the Captain Obvious entry music!) as evidenced by the very small amount of their contributions over the past few ... wait for it ... decades.

Now they want to show up, and in a pitiful show of weakness, whine about how bad things have been, and expect anyone to listen? We've crossed that bridge long ago. The survivors have made it pretty much totally on their own, and we don't need any help from a bygone superhero. They are just looking to ensure their own survival as they realize how ineffective they have truly been - in spite of 20 some changes, as Marion pointed out so well...

They can continue to fight for the betterment of mankind, in their own little minds. But in the real world they are extraneous, redundant, and expendable. Ouch.

 

[George Hatch]

With the exception of the switch over to the SOWR 10 years ago and addition of sales history and assignment history disclosures all the "changes" people constantly complain about amount to nothing more than clarification and elaboration of the basics. They wouldn't be necessary if not for the proclivity some people have to push the limits of what "is" is.

And let us not wantonly rewrite history, either. As I understand it the respective codes of professional practice (prior to USPAP) for the 2 predecessor orgs that became the AI never froze in time for 20 years either. As is entirely appropriate, IMO. And they were never geared for or tasked with forming the benchmarks for government regulation of appraisers.

It shouldn't take a USPAP geek to recognize that adding a very different group of intended users and intended uses to a situation will have effects on what comprises "meaningful", not to mention "not misleading".