The New Appraisal Industry

[djd09]

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unlicensed home inspectors...

 

[chad hampton]

Never recall a borrower's check bouncing, but I do recall losing several thousand to shady &$$ MB's.

All my clients back then said never leave the house without a check from the borrower. I did have one that would send me an order but say don’t start on it until I meet with the borrower and get a check from him. It was always bad news when buyers would be in the game of will pay you at closing.

 

[chad hampton]

unlicensed home inspectors...

Stop it, they’re just collecting data. All factual information. Don’t you recall reading about data collectors in the Henry Harrison book of property data collection books? Or are you trying to say they completely made it up?

 

[djd09]

Stop it, they’re just collecting data. All factual information. Don’t you recall reading about data collectors in the Henry Harrison book of property data collection books? Or are you trying to say they completely made it up?

oh yeah...what's his name...paschal...that should of ended their shenanigans

 

[George Hatch]

Stop it, they’re just collecting data. All factual information. Don’t you recall reading about data collectors in the Henry Harrison book of property data collection books? Or are you trying to say they completely made it up?

What they're doing is way closer to the entirety of what a home inspector does than the majority of what an appraiser does.

 

[Surf Cat]

What they're doing is way closer to the entirety of what a home inspector does than the majority of what an appraiser does.

So....a 6 hour Mckissock online course not only supersedes that of a licensed and insured appraiser....but a home inspector too?

That's akin to saying that I could watch a few YouTube videos on how to shape a surfboard, go into the shaping bay shape it, then afterwards glass it.... successfully.

 

[TerryRohrer]

So....a 6 hour Mckissock online course not only supersedes that of a licensed and insured appraiser....but a home inspector too?

That's akin to saying that I could watch a few YouTube videos on how to shape a surfboard, go into the shaping bay shape it, then afterwards glass it.... successfully.

Careful, now you are treading on hallowed ground!

 

[J Grant]

So....a 6 hour Mckissock online course not only supersedes that of a licensed and insured appraiser....but a home inspector too?

That's akin to saying that I could watch a few YouTube videos on how to shape a surfboard, go into the shaping bay shape it, then afterwards glass it.... successfully.

The data collector might, on the surface, seem to be doing what a home inspector does, but it is not the same. A data collector does not look for or test for defects.
The data collectors walk around like human robots, making notes to report and nothing more.

I assume it was legal advice to label what these folks do as a "data collection" instead of an inspection of any kind. An inspection implies expertise on the part of the inspector. And it is typically backed up by liability (and often a license and reputation). The data collector has no expertise other than taking a quick class.

A property inspection, whether done by an appraiser for an appraisal, a home inspector for a home inspection report, or a listing agent for listing purposes, is conducted to gain knowledge of the property from a trained perspective for a specific purpose.

 

[djd09]

(C) "Home inspection" means the process by which a home inspector conducts a visual examination of the readily accessible components of a residential building for a client. "Home inspection" does not include pest inspections; environmental testing; inspection of any property or structure conducted by an employee or representative of an insurer licensed to transact business in this state under Title XXXIX of the Revised Code for purposes related to the business of insurance; or determination of compliance with applicable statutes, rules, resolutions, or ordinances, including, without limitation, building, zoning, or historic codes.

learn the laws...

 

[chad hampton]

What they do used to be referred to as performing an appraisal service and was considered significant appraisal assistance which required an appraisal license of some level.