Urgent Help Needed - saving my appraisal career

[mutigerfan]

A bit about me. 24-years as a Certified Appraiser in an area about 1-hour NE of Kansas City. Yes - a rural area. I am the only active appraiser in a three county area. So yes, I am as busy as I want to be. I enjoy the profession and like the complex assignments I get from time to time.

I completed an appraisal almost 3-years ago in a small town of 2,500+/-. The home was significant because JC Penny was its original owner. It was purchased by a company that speicallizes in historic older homes. The 125-year old home was so clean - you could eat off the basement floors - yes - that clean. It was 3,000 SqFt and by far - the largest home - and nicest home in the entire town. No comps in the town. No comps in a 20-mile radius like this one. Therefore I went 25-miles out and found three comps that were similar in three different communities - adjusted for location - and explained in detail the how and what I did to complete the appraisal.

Two-years later the client I appraised the home for - their CEO opened the door and told his 200 employees they were laid-off. Fannie Mae was pissed and audited their files. My appraisal file was one of those selected. I received a letter to appear in fronr of the state commissioneers meeting. I became reaquiranted with the particulats of the property and met with the commsiioners. I explained the how and what of the appraisal and I felt I left the meeting with a postive outcome. The only thing that came up was the fact that I did not document the site values and any adjustments they may have

 

[mutigerfan]

A bit about me. 24-years as a Certified Appraiser in an area about 1-hour NE of Kansas City. Yes - a rural area.
I am the only active appraiser in a three county area.
So yes, I am as busy as I want to be.
I enjoy the profession and like the complex assignments I get from time to time.
I completed an appraisal almost 3-years ago in a small town of 2,500+/-.
The home was significant because JC Penny was its original owner. It was purchased by a company that specializes in historic older homes.
The 125-year old home was so clean - you could eat off the basement floors - yes - that clean.
It was 3,000 SqFt and by far - the largest home - and nicest home in the entire town. No comps in the town. No comps in a 20-mile radius like this one.
Therefore I went 25-miles out and found three comps that were similar in three different communities - adjusted for location - and explained in detail the how and what I did to complete the appraisal.
Two-years later the client I appraised the home for - their CEO opened the door and told his 200 employees they were laid-off. Fannie Mae was pissed and audited their files. My appraisal file was one of those selected. I received a letter to appear in front of the state commissioners meeting. I became reacquainted with the particulars of the property and met with the commissioners. I explained the how and what of the appraisal and I felt I left the meeting with a positive outcome. The only thing that came up was the fact that I did not document the site values and any adjustments they may have had.....that's it. Nothing else.
About two weeks later I get a letter from the commissioners office stating that Fannie Mae recommends a 30-hour sales comp approach class and a 4-hour site evaluation class. No "due by" dates and no mention of exams. So I call the commissioners office and ask about the classes and they agree on-line classes would be okay. I then ask them about exams. They said exams are not required. So I plan to take the classes this winter - when our business slows down.

On 12/5 I receive a letter stating both classes have to be completed by 12/31.....the first time dates have ever been mentioned. So I put off some Christmas gathering to take the courses. I even asked the course providers to not take the exams - because I was told I did not have to take them.
So today - after receiving a letter from the course provider that did indeed take the class - passed the exam - but did not sit for the proctor exam - that this 30-hour course does not count because I did not sit for the proctor exam - AFTER the told me I did not have to take the exam.....
Why is this important - because could loose my license because I did not sit for the exam. I was told my the course provider to take the course, take the quizes. take the course final exam - but "call us before the proctor exam because you do not need to take it".....I followed their directions - now I am in a loop
Please take the time to think about this before you respond. I fill I am getting the shaft.....
Is it time to lawyer up ?

 

[BRCJR]

A bit about me. 24-years as a Certified Appraiser in an area about 1-hour NE of Kansas City. Yes - a rural area.
I am the only active appraiser in a three county area.
So yes, I am as busy as I want to be.
I enjoy the profession and like the complex assignments I get from time to time.
I completed an appraisal almost 3-years ago in a small town of 2,500+/-.
The home was significant because JC Penny was its original owner. It was purchased by a company that specializes in historic older homes.
The 125-year old home was so clean - you could eat off the basement floors - yes - that clean.
It was 3,000 SqFt and by far - the largest home - and nicest home in the entire town. No comps in the town. No comps in a 20-mile radius like this one.
Therefore I went 25-miles out and found three comps that were similar in three different communities - adjusted for location - and explained in detail the how and what I did to complete the appraisal.
Two-years later the client I appraised the home for - their CEO opened the door and told his 200 employees they were laid-off. Fannie Mae was pissed and audited their files. My appraisal file was one of those selected. I received a letter to appear in front of the state commissioners meeting. I became reacquainted with the particulars of the property and met with the commissioners. I explained the how and what of the appraisal and I felt I left the meeting with a positive outcome. The only thing that came up was the fact that I did not document the site values and any adjustments they may have had.....that's it. Nothing else.
About two weeks later I get a letter from the commissioners office stating that Fannie Mae recommends a 30-hour sales comp approach class and a 4-hour site evaluation class. No "due by" dates and no mention of exams. So I call the commissioners office and ask about the classes and they agree on-line classes would be okay. I then ask them about exams. They said exams are not required. So I plan to take the classes this winter - when our business slows down.

On 12/5 I receive a letter stating both classes have to be completed by 12/31.....the first time dates have ever been mentioned. So I put off some Christmas gathering to take the courses. I even asked the course providers to not take the exams - because I was told I did not have to take them.
So today - after receiving a letter from the course provider that did indeed take the class - passed the exam - but did not sit for the proctor exam - that this 30-hour course does not count because I did not sit for the proctor exam - AFTER the told me I did not have to take the exam.....
Why is this important - because could loose my license because I did not sit for the exam. I was told my the course provider to take the course, take the quizes. take the course final exam - but "call us before the proctor exam because you do not need to take it".....I followed their directions - now I am in a loop
Please take the time to think about this before you respond. I fill I am getting the shaft.....
Is it time to lawyer up ?

Do you have all the "instructions" and/or "directives" in writing?

 

[Elliott]

Most reprimands (and it sounds this was from Fannie, not your state) are 'educational.' State regulator like to throw in "proctored." So I'm not understanding why you could 'lose your license.' Unfortunately, sometimes in this profession, it is just easier to bend over and grab your ankles. I'd recommend getting support documentation in order, write a clear, concise letter explaining the situation, have someone re-write it, and send it registered to whom ever has you by the short hair. Good luck.

 

[shrubberyvaluation]

Most reprimands (and it sounds this was from Fannie, not your state) are 'educational.' State regulator like to throw in "proctored." So I'm not understanding why you could 'lose your license.' Unfortunately, sometimes in this profession, it is just easier to bend over and grab your ankles. I'd recommend getting support documentation in order, write a clear, concise letter explaining the situation, have someone re-write it, and send it registered to whom ever has you by the short hair. Good luck.

Says Fannie complained but he stood before the state. I've had things happen with the state where I do what they want, and they alter the deal so to say, easier to just comply even when you are right because of the time lost.

 

[J Grant]

Do you have E and O insurance?

If so (most of us have it ), call them they generally have an attorney available which is part of what you pay for, and can see if they can advise you,- good luck it sounds so stressful and awful-

Idk what a proctor exam is, usually credit courses have a final course at end to pass with X % grade -

 

[sputnam]

Is it time to lawyer up ?

Seems a little late for that. The time to 'lawyer up' would have been when you received notice of the complaint. I would suggest that you talk to the Board. ..politely and humbly.... and tell them what happened and ask how you can meet their requirements.

 

[Tom D]

This thread should be perminately posted here. A lot of appraisers don't understand that you don't want the state, or fannie, to be looking at your appraisal in their hands, of which they can pick apart.
I go with Shubberyvaluation & J grant's & Sputman advice as the only options.

At minimum, ask for an extension. I think a proctor means a person sitting somewhere while you take your test, my best guess. Problem now, you license maybe suspended, most states are not quick to take care of our urgent matters. And we are in the holiday week.

 

[BRCJR]

Do you have E and O insurance?

If so (most of us have it ), call them they generally have an attorney available which is part of what you pay for, and can see if they can advise you,- good luck it sounds so stressful and awful-

Idk what a proctor exam is, usually credit courses have a final course at end to pass with X % grade -

A proctored exam is an exam in which there is a person present to monitor and supervise students during the exam.

Again, too bad you got me on ignore or you would now know what a proctored exam is......

 

[J Grant]

A proctored exam is an exam in which there is a person present to monitor and supervise students during the exam.

Again, too bad you got me on ignore or you would now know what a proctored exam is......

I can still click on an individual post in the ignore session, so I saw this informative one; thanks for the intel!