USPAP class for the thirteenth time

[djd09]

2006

Gregory Accetta

Paula Konikoff

James Cannon, Carla Glass, Dawn Molitor-Gennrich, William Pastuszek, Jr., Danny Wiley

https://en.wikipedia.org/wiki/Appraisal_Standards_Board

 

[djd09]

It’s take it or leave it ; it's as simple as that.

the tall and short
smart and stupid
good and bad
cannot trade without the mark...

 

[George Hatch]

I have met DW exactly once in person, in 2002 when he was already serving on the ASB and was teaching the Instructor Qualifications Course. I met Ken Kaiser there, too; along with Richard McKissock and (I believe) his son. And several other then-notables in the QE/CE business.

I already knew George Dell from having previously worked for him for a few months, as well as a couple of the other course attendees.

 

[djd09]

mr. black helicopter is probably waiving an appraisal as i type...how convenient

 

[Terrel L. Shields]

The appraiser decides what SOW it will take to meet THOSE expectations

Well, not really. You either take it or leave it - the SOW is generally dictated to you and if you want to add to it, fine. It's on your dime not theirs. Otherwise, they take their business elsewhere. Who are you kidding? You only get to decide the SOW to non-lenders by explaining how best to handle the assignment. The rest, well, like I said, you can suggest or dictate to the lender, but they will walk if you do.

 

[George Hatch]

"This is what we'll accept" is a minimum expectation. It's isn't a ceiling for the appraiser's SOW decision and will sometimes exclude minimums the appraiser needs to include.

My point was and is that even though the GSE policies are extensive, what-to-do-this-time is still 100% on the appraiser with no carve outs for their decision making. They can't blame what they did or didn't so in an assignment on their client or user - it's still 100% on the appraiser.

Just because the GSEs are big doesn't change who-is-doing-what in the appraiser's decision making process.

 

[Terrel L. Shields]

"This is what we'll accept" is a minimum expectation. It's isn't a ceiling for the appraiser's SOW decision

But what they accept is a maximum of what they will pay...so again, it's the old bat up the wazoo if you expect extra pay for extra work you deem useful or necessary.

 

[George Hatch]

I think you're grasping on this one.

If there's a problem with an appraiser's SOW decision there is no scenario where our standards are going to hold the appraiser harmless due to a client having some specific expectations. Especially when the SOWR itself outlines in some detail an appraiser's choices in the event they run into a client requirements which conflict with our minimums.

 

[Overimprovement]

The problem with these USPAP classes is they don't actually spend much time ensuring appraisers know it. They pick a topic or two to lightly brush up on, but most of the 7 hour class time is spent with 4 minute videos by monotone people telling us why a colon was changed to a semicolon. It is a weak charade for the money tree that USPAP has become.

The fact that so many appraisers still do not seem to know USPAP well speaks to the utter failure of these update 'classes'.

 

[Charles West]

I think it was the third or fourth update class I endured. Then I got this negative mindset of 'this is the biggest waste of my time ever,' and I could never shake that feeling thereafter.