The New Appraisal Industry

[Surf Cat]

You may have misconstrued the meaning of my post! I was needling the few among us who have a clue about making surfboards! Hope my emoji doesn't show any stickers.

I just finished my third cup of coffee for the morning.... maybe I got a little carried away...

 

[George Hatch]

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.

You know that the word "supercedes" has a meaning, right? Whereas the word I used was "closer to".

Chad is the one who is trivializing what appraisers do, not me.

 

[J Grant]

Sending out PDC collectors when a hybrid is ordered in place of a "traditional appraisal" has additional ramifications.

It means the appraiser at the desk doing their portion of a hybrid need not have local geo experience for the assignment. If I do not need to leave my desk to inspect a subject, it means I can appraise hundreds of miles away in the state of Florida. I personally would not do that, but others might- esp within the AMC model to maximize output of staff appraisers. if a staff appraiser now does 7 appraisals a week where they inspect, that staff appraiser can now do 20 a week if they stay at their desk.

 

[TerryRohrer]

I just finished my third cup of coffee for the morning.... maybe I got a little carried away...

Got up late? I'm trying to figure out how to hint that my wife make a third pot without creating drama!

 

[George Hatch]

Sending out PDC collectors when a hybrid is ordered in place of a "traditional appraisal" has additional ramifications.

It means the appraiser at the desk doing their portion of a hybrid need not have local geo experience for the assignment. If I do not need to leave my desk to inspect a subject, it means I can appraise hundreds of miles away in the state of Florida. I personally would not do that, but others might- esp within the AMC model to maximize output of staff appraisers. if a staff appraiser now does 7 appraisals a week where they inspect, that staff appraiser can now do 20 a week if they stay at their desk.

I'm sure some of these lenders are dreaming of this.

And sure, there are additional ramifications and additional risks involved.

 

[Surf Cat]

You know that the word "supercedes" has a meaning, right? Whereas the word I used was "closer to".

I don't think a PDC following prompts on an iPad, taking photos, and checking boxes is close to a home inspection at all.

Sure, they use ipads, they take pictures and check boxes within their home inspection apps. But they also analyze and convey safety and code concerns. They're at a property for hours analyzing roof, electrical, plumbing, structural issues.

The PDC just takes photos and confirms the room count, measures with Lidar or Cubi Casa, follows the prompts for some sort of condition rating and they're out the door in less than an hour.

Yes, appraisers do this too. However, appraisers are taking into consideration not only the condition and features, but locational attributes as well as quality of construction in comparison to that of the comparables....this not even in the mind set of the PDC..... which is a huge disadvantage for the desk bound appraiser.

But hey, if I misconstrued the meaning in your post, my apologies.

Chad is the one who is trivializing what appraisers do, not me.

He is? I thought that was the lenders and the AMCs....

 

[djd09]

the purpose of the unlicensed home inspectors is to keep the biased appraisers away from seeing the homeowner...they think biden is still president

 

[Surf Cat]

Got up late? I'm trying to figure out how to hint that my wife make a third pot without creating drama!

I did! I had a cup of coffee at about 3:00 or 4:00 in the afternoon, I usually don't do that. Couldn't get to sleep till after 1:00 a.m.

As for the wife, I suggest "not" getting a new coffee maker for her on Valentine's Day... I don't think that would go over too well.

 

[NC Appraising]

Official government website of the Illinois General Assembly

Welcome to the Official government website of the Illinois General Assembly

ilga.gov

Bill Status of SB3235​

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2. Legislation
3. Bill Status

SB3235 - 104th General Assembly​

Bill Status Full Text Votes Witness Slips Printer Friendly Version

REAL ESTATE-DATA COLLECTOR​

Last Action​

2/02/2026 - Senate: Referred toAssignments

Senate Sponsors​

Sen. Bill Cunningham

Statutes Amended In Order of Appearance​

225 ILCS 458/1-10
225 ILCS 458/5-5

Synopsis As Introduced​

Amends the Real Estate Appraiser Licensing Act of 2002. Provides that it is unlawful for a person to act as a data collector without a license issued under the Act. Provides that "data collector" means a person who is hired by an appraisal management company or mortgage lender to inspect and collect data and pictures of a specific tract of real estate for the appraisal management company or mortgage lender with the intent of the data and information, which will be provided to an appraiser for the sole basis of preparation of an appraisal, to support a mortgage on the real estate.

Actions​

 

[George Hatch]

I don't think a PDC following prompts on an iPad, taking photos, and checking boxes is close to a home inspection at all.

Sure, they use ipads, they take pictures and check boxes within their home inspection apps. But they also analyze and convey safety and code concerns. They're at a property for hours analyzing roof, electrical, plumbing, structural issues.

The PDC just takes photos and confirms the room count, measures with Lidar or Cubi Casa, follows the prompts for some sort of condition rating and they're out the door in less than an hour.

Yes, appraisers do this too. However, appraisers are taking into consideration not only the condition and features, but locational attributes as well as quality of construction in comparison to that of the comparables....this not even in the mind set of the PDC..... which is a huge disadvantage for the desk bound appraiser.

But hey, if I misconstrued the meaning in your post, my apologies.


He is? I thought that was the lenders and the AMCs....

A home inspector is looking only at the property for the sole purpose of identifying its attributes, in complete isolation to any considerations about values in the market.

An appraiser is looking at the property for the purpose of identifying its attributes as they relate to it's value, including identifying those attributes which buyers and sellers are using in comparison with the sales data. We analyze the subject in order to identify which sales can be considered most comparable, and then we proceed to make those comparisons.

The question being answered in a review (what's the quality of this appraisal) is different than the question being answered in an appraisal (what's the value of this property)

The question being answered in a home inspection (what's the quality/condition of the site and structure) is also different than the question being answered in an appraisal (what's the value of this property).

What I've been saying is that what the PDCs are trying to do is closer to what home inspectors do. WRT what the appraiser is actually doing in their SOW, they could use a technical home inspection report in the same manner as a PDR except that they'd have even more data to use.
We've already touched upon the point that perhaps the PDRs should be regulated by the home inspector boards as falling under their jurisdiction, because what they do sure isn't addressed in the appraisal standards or appraiser regulations.

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