We need some consistency in state laws and regulations. The AQB and the ASC should work togerther to get standardization so that confusion between states does not exist. All states should be mandatory states irregardless [TC rides again] of value or purpose of the appraisal!
The problem is that the federal law does not want to impose national regulation. There is enough hue and cry over unfunded mandates. The problem lies with the "appraiser" as a definition. There are dozens of kinds of 'appraisers', most whom are not regulated nor need to be. Residential Appraisers should be called something beside "appraiser"....home sales valuer, whatever. RE agents appraise. Brokers appraise. Insurance adjusters appraise. The term is too generic. Therefore, there are caveats in every state. Mine allows brokers to value estates..estates that often include both personal and real property.
We are a divided "Nation". A nation of appraisers who swear to abide by the traditions and caveats of "appraising". But we cannot even agree to use the 3 approaches. Somehow the income approach is simply swept under the rug. The Cost App. isn't any good because somehow appraisers who can adjust for age in the sales approach cannot figure out how to estimate "effective" age to arrive at depreciation...or cannot figure how what the lot contributes to value...??? gimme a break...
Unless I misread the thread starter, the issue is that someone is holding themselves out as someone else. That is fraud. period. no matter how good the report is or why they would do so.
