What does it Mean to Protect the Public Trust

[alebrewer]

FAQ 9

View attachment 77959

Haha.... that clears it right up. Started to include that, but it says nothing more than what any thinking person would surmise anyway. I guess it does provide additional fodder with which to disagree. The 'general public' doesn't even know what USPAP is. As to appraisers' promoting and preserving the public trust - you of all people should understand that is nonsensical. One simply has to be aware of CU to know the agencies don't trust appraisers.

 

[glenn walker]

I don't disagree with that. My point was not to lay blame, but rather to (hopefully) present a compelling argument for why that sentence has no place in our current environment.

There simply is no compelling argument to be made when your own goverment tells people on media that you are 97% White Racists. No way to pretend that was a nail in the coffin for what little trust the public ever had.

We can sugar coat it all we ant but when a President and VP make appraisers part of their first 100 days in office thats a big event and the Bully Pulpit is and was in force.

Now the appraisal profession will be directed by political actions and Federal and State agencies used to develop their end goals. Game over and we need to move on and just accept the facts and stop wishing for a White Knight to save us.

 

[alebrewer]

There simply is no compelling argument to be made when your own goverment tells people on media that you are 97% White Racists. No way to pretend that was a nail in the coffin for what little trust the public ever had.

IMO - there was a time when folks were kind of forced to trust what an appraiser told them (or included in their appraisals). That was before the internets. Now, users of our services have the luxury of using technology, automated algorithms, review appraisers, box checkers, etc. to satisfy their risk tolerance. There is no longer a need to trust what the appraiser says - too easy to verify independently...

 

[ucbruin]

"There simply is no compelling argument to be made when your own goverment tells people on media that you are 97% White Racists. No way to pretend that was a nail in the coffin for what little trust the public ever had."

Dollars to donuts....
I'm betting over 90% of loans are for white borrowers....
So this shouldn't be a "public trust" issue....

 

[Dublin ohio]

The public don't even know what USPAP is...

But isn't that true of just about every profession even the trades. The public in general has very little if any idea of the rules , regulations, licensing requirements and methods of most professions or trades

 

[alebrewer]

But isn't that true of just about every profession even the trades. The public in general has very little if any idea of the rules , regulations, licensing requirements and methods of most professions or trades

Agreed - I'm just not aware of other trades that are legally bound to adhere to a document that tells them the document and themselves are responsible for promoting and protecting public trust...

 

[CGinMN]

I think that people who are licensed as appraisers but work in other influential roles and wear other hats - chiefs at GSEs, lenders, and AMCs; ASB/AQB, state boards, educators, "bias experts," trade group reps, etc. - those who decide the direction of the profession have much more influence on the public trust than working stiff appraisers who actually do appraisals. That said, should we expect that they put the "public trust" before the interest of their employer? Maybe too much to ask for.

 

[chad hampton]

If it meant client, they should have said to protect the client trust.

I'm not surprised.

 

[alebrewer]

I think that people who are licensed as appraisers but work in other influential roles and wear other hats - chiefs at GSEs, lenders, and AMCs; ASB/AQB, state boards, educators, "bias experts," trade group reps, etc. - those who decide the direction of the profession have much more influence on the public trust than working stiff appraisers who actually do appraisals. That said, should we expect that they put the "public trust" before the interest of their employer? Maybe too much to ask for.

Now I can get on board with that... Problem is - unless said folks are performing appraisal practice, they're not even bound to said document, so it doesn't really apply to them, right? It's just such an esoteric concept. IMO - they could have accomplished exactly the same thing had they said, "If you have a credential, don't lie, cheat or steal. And if you're not competent - get competent,"

 

[alebrewer]

If it meant client, they should have said to protect the client trust.

I'm not surprised.

I don't disagree with that either.