The Quickie

[cashcatz]

Only 30 mins? Ha! Up next, The Quickie: 7 min appraisals. The wife might not be satisfied and you're probably gonna lose the house, but the AMCs will love it and can pay you even less!

 

[NC Appraising]

Only 30 mins? Ha! Up next, The Quickie: 7 min appraisals. The wife might not be satisfied and you're probably gonna lose the house, but the AMCs will love it and can pay you even less!

What is going to be the outcome?

60,000 appraisers doing 5 30 minute appraisals a month. Must be nice to do 5 a month and then twiddling thumbs

Or

5,0000 appraisers that works for the large national firms pumping out 50 a month.

Where is this business going to come from?

Either way, give thanks to the appraisal foundation. You only have two weeks for there....cough....chime in period. Like it will make any difference.

Allegedly...
Hey appraisal foundation....your policies are/maybe benefiting The below....how about some policies that benifits the IFA appraiser and just not large corporations?

Also thanks Rsds.....im glad someone has work!!!!



Email yesterday
We're hiring experienced residential appraisers! Join RSDS: 300+ appraisers across 70+ markets nationwide.

Allegedly per AI
Key Areas of the Relationship

• • Practicum and Training Pathways: RSDS works alongside The Appraisal Foundation and its independent Appraiser Qualifications Board (AQB) to implement and utilize alternative education and experience structures—such as appraisal practicums—designed to lower traditional barriers to entry for new and diverse trainees. [1, 2]
  • Leadership and Governance: Key figures from RSDS, including CEO Dr. Randy Flowers, have served as members of The Appraisal Foundation Board of Trustees, providing direct input from large-scale residential appraisal operations into the Foundation’s governance and national standards

 

[chad hampton]

This is what we warned about when they started taking away items that were once considered universally accepted area of appraisal practice, such as the inspection. Now the door is open for the entire report to be completed as "3rd party" info. They through the caveat in there that "the appraiser is still responsible for everything", but that's unclear as we have folks on this board to claim that you aren't responsible for 3rd party data since the fine print hidden on page 32 says you aren't.

Some of the 3.6 software actually gives you a final estimate of value.

I'm close to the point of just saying **** it, I'll ive it a try. Hell, push a button, sketch the house. Push a button, let AI give it's opinion of condition and quality. Push a button, fill out the entire form. Push a button, let AI pick the comps. Push a button, put in adjustments. Push a button, use AI to do the reconciliation and come up with a value.

Any revision requests will also get sent to AI.

I'm thinking of just saying the opinion of value in this report was provided by zillow, a 3rd party. And I'm not responsible for it.

Give the unethical users what they want I suppose.

 

[chad hampton]

I also find it hard to believe that someone who went to Carnegie-mellon ended up in the appraisal profession. Some people must think there's serious money in this profession.

 

[NC Appraising]

Yeah all of these new software providers, the appraisal foundation, fog a mirror appraisers and others are going to highly disappointed in 5- 10 years when waivers will account for more than 80% of the volume.



Unless the software providers are just doing it in hopes of selling it to a private equity sucker.

 

[J Grant]

It would be interesting for an appraiser to take a free trial of AI wonder software.

Replicate an appraisal you have recently done using AVIRE or any of these programs to pick the comps, make the adjustments, pick a value, and compare results! I am too tech-challenged to take it on.

 

[J Grant]

This is what we warned about when they started taking away items that were once considered universally accepted area of appraisal practice, such as the inspection. Now the door is open for the entire report to be completed as "3rd party" info. They through the caveat in there that "the appraiser is still responsible for everything", but that's unclear as we have folks on this board to claim that you aren't responsible for 3rd party data since the fine print hidden on page 32 says you aren't.

Some of the 3.6 software actually gives you a final estimate of value.

I'm close to the point of just saying **** it, I'll ive it a try. Hell, push a button, sketch the house. Push a button, let AI give it's opinion of condition and quality. Push a button, fill out the entire form. Push a button, let AI pick the comps. Push a button, put in adjustments. Push a button, use AI to do the reconciliation and come up with a value.

Any revision requests will also get sent to AI.

I'm thinking of just saying the opinion of value in this report was provided by zillow, a 3rd party. And I'm not responsible for it.

Give the unethical users what they want I suppose.

They can be unethical. We can not. We get sanctioned for a petty USPAP error. They can take refuge in plausible deniability - blame the appraiser.

 

[chad hampton]

I guarantee you every one of them is looking to sell. Or merge. There certainly won’t be more than three or four software providers in the end. There’s just not enough work to sustain them.

 

[chad hampton]

The jokes on him, I’m working on a six minute appraisal.

 

[djd09]

...nothing like watching snake oil salesmen pitch lies