Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
If the Trump administration were to address the situation, it might prioritize dismantling or reducing the power of entities like TAF and the ASC to cut down what is seen as excessive or monopolistic control. This approach would align with efforts to limit regulatory burdens on small businesses and prevent "agency capture," where government agencies act more in the interest of entrenched organizations than in the public’s interest.
Here are some of the issues the Trump administration could tackle.
1. Regulatory Rollback: The Trump administration has supported reducing federal regulations. They may seek to scale back ASC’s authority, potentially removing its role as a regulatory enforcer for TAF standards, thus giving states more freedom to implement cost-effective and locally relevant standards.
2. Defunding or Restructuring: To address the concerns of funding through state licensing fees without Congressional reappropriations, the administration could advocate for restructuring ASC’s funding model to increase accountability or limit its funding sources. This change could dismantle the "cycle of spoils" between ASC and The Appraisal Foundation, which fosters monopolistic practices.
3. Promoting Competition By reducing the nonprofit's exclusive grip on appraisal standards, the administration could encourage competition, allowing other entities to develop standards or certifications, giving appraisers more choices and potentially lowering compliance costs.
4. Investigating Agency Capture: Given the precedent in cases like Community Financial Services v. CFPB, the administration might direct investigations into whether the ASC's funding model and relationship with The Appraisal Foundation violate laws governing federal agencies. If found in violation, it could justify significant restructuring or dissolution of these entities.
The ASC is currently under investigation for potential felony violations, signaling that the era of unchecked power within the administrative state may be drawing to a close. Party time is coming to an end on 15th Street.
Here are some of the issues the Trump administration could tackle.
1. Regulatory Rollback: The Trump administration has supported reducing federal regulations. They may seek to scale back ASC’s authority, potentially removing its role as a regulatory enforcer for TAF standards, thus giving states more freedom to implement cost-effective and locally relevant standards.
2. Defunding or Restructuring: To address the concerns of funding through state licensing fees without Congressional reappropriations, the administration could advocate for restructuring ASC’s funding model to increase accountability or limit its funding sources. This change could dismantle the "cycle of spoils" between ASC and The Appraisal Foundation, which fosters monopolistic practices.
3. Promoting Competition By reducing the nonprofit's exclusive grip on appraisal standards, the administration could encourage competition, allowing other entities to develop standards or certifications, giving appraisers more choices and potentially lowering compliance costs.
4. Investigating Agency Capture: Given the precedent in cases like Community Financial Services v. CFPB, the administration might direct investigations into whether the ASC's funding model and relationship with The Appraisal Foundation violate laws governing federal agencies. If found in violation, it could justify significant restructuring or dissolution of these entities.
The ASC is currently under investigation for potential felony violations, signaling that the era of unchecked power within the administrative state may be drawing to a close. Party time is coming to an end on 15th Street.
