The dismantling of PAVE

[George Hatch]

"Do you want to win or not?"

 

[Surf Cat]

Your personal politics should be invisible in your work. Observe/report and keep your feelings to yourself.

I believe that's what all appraisers have been saying from the very beginning.

What PAVE did was make me hesitant of going into certain neighborhoods for fear of being accused of being biased.....when it wasn't even given a second thought before PAVE was enacted.

 

[djd09]

dont blame me if all of 15th st are a bunch of woke jokes...

 

[George Hatch]

Forget them. Whether they are or aren't is immaterial to the point that appraisers can and should be acting in their own best interests by denying their critics of the opportunity to spin the outcomes as being biased.

Nobody is coming to save appraisers. Appraisers need to save themselves as best they can, and that starts with outplaying the critics at their own game.

 

[djd09]

I believe that's what all appraisers have been saying from the very beginning.

What PAVE did was make me hesitant of going into certain neighborhoods for fear of being accused of being biased.....when it wasn't even given a second thought before PAVE was enacted.

that is right...do not low ball

 

[djd09]

Although HUD did not make a formal finding, the conciliation agreement provides for the Appraisal Foundation to, among other things, implement the following policies:

• Offer inclusive and affordable appraiser training. The Appraisal Foundation should coordinate with the AQB to ensure that mentors looking to work with prospective appraisers complete a course on valuation bias and fair housing laws. The AQB has already begun offering Practical Applications of Real Estate Appraisal (PAREA) programs, its technology-based training for aspiring appraisers to obtain experience credit towards fulfilling the experience qualification criteria. The Appraisal Foundation and AQB have agreed to implement plans to market PAREA and the PAREA scholarship fund to diverse communities, including through the use of online channels and providing information to historically Black colleges and universities (HBCUs). PAREA program providers will be required to report to the AQB the number of qualified applicants and whether all applicants were able to be accommodated. Of note, the agreement provides, “If, at any time, a PAREA program provider has been determined by a federal court to have violated any fair housing laws and/or regulations, by final judgment from which appeal is unavailable, it will lose its AQB approval to be a PAREA provider until it puts into place mechanisms designed to prevent future violations of fair housing laws and/or regulations.” The Appraisal Foundation will also provide a survey on its website where prospective appraisers can indicate their reasons for deciding not to pursue PAREA.
• Coordinate with regulators. The Appraisal Foundation has agreed to prominently display the “Equal Housing Opportunity” logo on its website, and the website will also include online information related to the process of becoming an appraiser and PAREA. The agreement also provides that the Appraisal Foundation will meet with each state and territory appraiser regulatory agency that has not yet fully approved PAREA to explain the importance of using technology to open doors to the appraiser profession, and recommend that each adopt licensing criteria that provide 100% credit towards the experience requirement for a Licensed Appraiser and Certified Residential Appraiser.
• Provide funding for training and outreach to diverse communities. Under the agreement, the Appraisal Foundation will establish a Pathways to Success Scholarship Fund administered by a third-party to be approved by HUD, which will be used to provide scholarship assistance to aspiring appraisers. The scholarship will be used for attendance at any AQB-approved PAREA program. The Appraisal Foundation will contribute a minimum of $560,000 per year (of either its own funds or funds raised or received from others) to the Scholarship for a total of two years, and a minimum of $100,000 in the third year of the agreement. The Appraisal Foundation agreed to annually report to HUD the zip codes of the scholarship awardees, the amounts of scholarships for each, the approved PAREA program the scholarship is used to fund, and whether the awardee successfully completed the PAREA program.

Other terms of the agreement include certain reports be made to HUD regarding the effectiveness of marketing PAREA, and coordination between the Appraisal Foundation and housing groups in order to ensure the policies reflect the concerns of the industry.

In her comments, HUD Acting Secretary Adrianne Todman said, “Today’s historic agreement will help build a class of appraisers based on what they know instead of who they know.”

no wondering why bunton quit...what a bum

 

[ucbruin]

Just as not all appraisers are biased....
Not all borrowers will accuse appraisers of bias....
Just do your jobs without coming across as bias....

 

[djd09]

the most biased poster is giving advice on how to be not biased....

 

[djd09]

if they want appraisers to open, honest, and transparent....give them qualified immunity like the police

 

[ucbruin]

the most biased poster is giving advice on how to be not biased....

I'm #1....

Never thought that would happen....
Especially at my age....