"The appraiser wore no clothes - death trade"

[Mike Kennedy]

"how we eliminate the appraisal trade"

https://www.appraisalbuzz.com/appra...343de7f6b479da1b71f3a40e46938b872d015668878c6

 

[Elliott]

95% of articles in Appraisal Buzz are by industry types who want to provide an alternative that will line their pockets with easy consulting money. The studies are basically flawed and self-serving, usually equivalent to a blind man describing an elephant.

Isn't George Mann really Doc Manhattan?

 

[SutnNC]

Isn't George Mann really Doc Manhattan?

I don't think so....although their line of thinking is aligned, G Mann would never be able to keep his reponse/posts to just a few words.

Bye the bye, I heard G Mann speak at an AI function (same/similar rhetoric).

 

[Meandering]

From the article,

The first paragraph.....

This article contains three sections – 1) A summary of statistical studies showing bias and variance in appraisals, 2) Exposing the lack of thinking and support in the appraisal trade, and 3) initial thoughts on how we eliminate the appraisal trade and move forward the Valuist© profession.


VALUIST
Trademark By: Valuist, Inc.


Description

• Antique appraisal; Appraisal of personal property for others; Appraisals for insurance claims of personal property; Art appraisal; Consultation relating to the appraisal of goods

This is the brand and trademark page for VALUIST which was created on October 4th, 2013 by Valuist, Inc., an CORPORATION. The trademark owner is located at Suite 5-B in Brooklyn, NEW YORK. Valuist, Inc. can be contacted at 716858XXXX, secretary @ NY Lawyer. see the article for the contact info.
http://www.markhound.com/trademark/search/phkn8O81B

Valuist, Inc. is a New York Domestic Business Corporation filed on August 8, 2013. The company's filing status is listed as Active and its File Number is 4442971.

The Registered Agent on file for this company is Valuist, Inc. and is located at 235 Lincoln Place, Suite 5-B Brooklyn, NY 11217. The company's principal address is Valuist, Inc. 235 Lincoln Place, Suite 5-B Brooklyn, NY 11217.
http://www.bizapedia.com/ny/VALUIST-INC.html

Carter Appraisal Associates, Inc. in Brooklyn, NY - Bizapedia ...
www.bizapedia.com/ny/CARTER-APPRAISAL-ASSOCIATES-INC.htmlCached
Carter Appraisal Associates, Inc. in Brooklyn, ... David Carter 235 Lincoln Place 5-B Brooklyn, NY 11217: Company Contacts: DAVID CARTER: Chief Executive Officer:

Carter Appraisal Associates, Inc. is a New York Domestic Business Corporation filed on August 23, 2005. The company's filing status is listed as Active and its File Number is 3247122.

The Registered Agent on file for this company is Thomas L. Nester and is located at 132 Nassau St. New York, NY 10038. The company's principal address is David Carter 235 Lincoln Place 5-B Brooklyn, NY 11217.

The company has 1 principal on record. The principal is David Carter from Brooklyn NY.

I think I found the Guy who they are going to replace all appraisers with!

Brown Harris Stevens | Agent DavidCarter
www.bhsusa.com/real-estate-agent/david-carter
After a successful career as an art and antiques appraiser, David turned his attention ... below to send an email to David Carter . ... Harris Stevens Brooklyn, LLC.

From the Buzz, these authors, this is their first Buzz collaborative attempt.
George Mann has a total of 29 years of valuation experience: 5 years as an independent fee appraiser, 2 years as a real estate assessor, and 22 years as a review appraiser with financial institutions. George was Chief Appraiser at two regional banks and has assisted financial institutions ranging in asset size from $50 million to over $1 trillion. George is a nationally approved instructor with the Appraisal Institute and has been teaching the Appraisal Review seminar for over ten years. George has published articles in The RMA Journal and The Appraisal Journal. Eric Moskau has been a practicing appraiser for 20 years and an MAI since 2007. Moskau graduated Loyola University Finance and Management in 1984, and studied at a graduate level in Financial Economics at the University of New Orleans in 1996.

These guys just don't seem to have any connection to this Mr. Carter appraiser.

I wonder if Mr Carter knows that some MAI's are copywriting his trademark???

Wow! and the credibility is now where?

.
.

 

[LordofTexas]

If you think about it, that sort of means that EVERY conscious appraiser in The Forum would fall within the good 5%. Nice to meet you all, the best of the best.

 

[Amy Perkins]

The fact remains that even when all things are considered mathematically, they are no match for the analysis of the seasoned appraiser's mind. Market value ranges by 10% anyway, so don't really see the point of saying it is not accurate.

 

[J Grant]

No matter what $ number a math/statistics/ software program delivers as a value estimate, it is no more "accurate" than an appraiser's. This is because prices range, market activity does not neatly align and buyers/sellers don't make decisions based on "data points" Experts have been trying to improve upon this for decades with AVM's and have reached a plateau, the 50 PHD's at Core Logic can't solve it either, which is why sometimes AVM and Core Logic RPR results can be good and other times so off it is laughable. Computer/math driven estimates provide a trail of numbers and charts as support rather than the pages of analysis and development in an appraisal.

There is huge profit in convincing that math and charts are "superior", because if appraisals and valuations change to that mode, data collection companies can charge for each download and lenders can pay low paid staff to run programs off the download. They envision the appraiser as the "front man", the one who makes it look good by declaring it an "appraisal, " after they "reconcile" the information in 30 minutes, put up E and O insurance up and sign off on it. .

Which might be an okay gig if it pays decently but I can't see that as they are not willing to pay appraisers decently now,it might pay some bills in retirement or as a part time gig, unless one likes working in a cubicle all day staring at numbers and racing to fill volume quotas because.that is the mindset behind this, speed, profit for data collection and software companies (which will be lender owned or aligned with , I can't see independent software or data companies able to survive either once lenders can own the technology rather than rent it).

 

[Eli]

No matter what $ number a math/statistics/ software program delivers as a value estimate, it is no more "accurate" than an appraiser's. This is because prices range, market activity does not neatly align and buyers/sellers don't make decisions based on "data points" Experts have been trying to improve upon this for decades with AVM's and have reached a plateau, the 50 PHD's at Core Logic can't solve it either, which is why sometimes AVM and Core Logic RPR results can be good and other times so off it is laughable. Computer/math driven estimates provide a trail of numbers and charts as support rather than the pages of analysis and development in an appraisal.

There is huge profit in convincing that math and charts are "superior", because if appraisals and valuations change to that mode, data collection companies can charge for each download and lenders can pay low paid staff to run programs off the download. They envision the appraiser as the "front man", the one who makes it look good by declaring it an "appraisal, " after they "reconcile" the information in 30 minutes, put up E and O insurance up and sign off on it. .

Which might be an okay gig if it pays decently but I can't see that as they are not willing to pay appraisers decently now,it might pay some bills in retirement or as a part time gig, unless one likes working in a cubicle all day staring at numbers and racing to fill volume quotas because.that is the mindset behind this, speed, profit for data collection and software companies (which will be lender owned or aligned with , I can't see independent software or data companies able to survive either once lenders can own the technology rather than rent it).

I am telling you girlfriend, the lender will not control the buying and selling in the end. No way. The government will on a global scale with far more control than lenders have now or then. Watch Israel and the European union and global money. They are indicators of how soon. Earthquakes are too.

However, if the rapture happens today, those still here could count the minutes the way technology is today. Global control would be very quick in that instance by the govt with a very powerful leader for a short time. No doubt in my mind that leader has not appeared yet. We will know him if we are still here due to his power being much stronger than anybody we know so far. The globe will answer to him for a short time. Bank's political power won't hold a candle to him.

 

[J Grant]

So lenders will pay a fee for each download to an outside company... what difference would that make to us.. The article references "analyst"... appraisers will become data analysts under this system,. Why retain the appraiser title...window dressing to put up E and O and signature on the product so they can place it on secondary market. Analyzing data is not the same as developing an appraisal.

 

[Mike Kennedy]

"what difference would that make to us..." - keep one eye on the DeMinimus