Truth or Dare

[djd09]

RE appraisers should not get the idea that they own the word "appraiser". More accurately perhaps we should deploy the British or Canadian use of Chartered Surveyor or Valuer. So, the definition below isn't valid in light of the numerous "appraisers" of other things than real estate.
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Human Resources evaluates employees with "appraisals". Personal property has "appraisers" - think Antique Roadshow. Marine surveyors are appraisers. Geologists and petroleum engineers are evaluating drilling prospects are appraising the company assets. Assessors are appraisers. Appraisers can apply to opinions of value, of service, and a host of other attributes.

We do not own the term "appraiser".

like john doe 36 would say...it all depends on what your definition of 'is' is...

 

[George Hatch]

That's exactly the point. Regardless of the rules for the game of Monopoly, they don't apply anywhere else outside that game.

The SovCits always crack me up when they try to use Black's Law Dictionary (which is not law) to refute the manner in which the state's vehicle code (inclusive of those internal definitions) have been enacted. Either the state has the authority to legislate, enforce and adjudicate their own laws/regs or they don't.

Thanks 10th Amendment, for recognizing that the States have the right to enact their own laws as long as they don't contradict the federal govt's rights and jurisdictions.

 

[djd09]

are you drinking today...the judge would find you in contempt with those gaslighting arguments...monopoly

 

[djd09]

i cant repost the same old same old...but the gse's require the mortgage broker to insert an estimate of value for the 'appraisal' waiver...their words not mine

 

[George Hatch]

And yet the GSEs are still using and relying upon the output of their internal AVM to make that decision. Not what the loan application is requesting. Submitting the application doesn't automatically result in the acceptance. Some applications for the waiver get refused.

Waivers aren't used in even 50% in any of the purchase or cash out tranches of the low-LTV transactions. Not everyone who wants one can get one.

How many times have you completely ignored a borrower when they told you how much they think the property is worth? Always, that's how many. You have always just proceeded to do your thing.

 

[djd09]

the borg turns itself on...inserts the address...decides the search criteria...selects a value...all by itself...delusional

 

[djd09]

i just want to know if the gse's are quasi clients that write quasi standards or are they our competition...can't be both

 

[George Hatch]

In USPAP parlance they are not your client unless they engage you for an assignment.

To my understanding of it the GSEs don't sell valuations of any type to anyone so they're not competing with you. You're just mad because appraisers are not entitled to and don't own a monopoly on the valuation services they use. They don't have any respect for your safe space.

 

[djd09]

keep up the great cheerleading for the unethical stakeholders...

 

[George Hatch]

Observe and report, that's all. I can't help it if you don't know what you're talking about. I'm TRYING to help you become more well informed on that stuff but you aren't interested in improving your competency.