Why would you blame the appraisal standards for what amounts to Appraisal 101 errors and omissions? Topics, I might add, that licensees were tested on *by their state* prior to receiving their licenses? And adherence to which requirements are a condition of holding those licenses.
Do you actually believe the reason appraisers are not applying *upward* adjustments to sale prices (to increase them) or making errors with zoning or lot sizes or picking comps outside the area is because they were never trained how to do it, never tested on those topics, and are somehow incapable of doing it? Or did they just simply not do it? Do you really intend to run the old "TAF made me do it" excuse? Or can we just attribute to the individuals those actions the individuals are committing? And to their users apparently not caring enough about those adjustments to force those appraisers to make corrections and to stop making those errors.
Well, if it's the same Qualifying education that I took when I was applying to become a trainee, then that would be a problem. You know, the same education courses that show two identical houses with only one character difference, which you then apply an adjustment for. LOL yeah works great in the world of textbooks, where the market is perfect. In the real world, however, it's a joke. Or how about market condition adjustments that most certainly was not taught when I took my QE classes? And if it s taught today, I'm pretty sure it's not taught well. They probably still have them using an HP-12C calculator.
And since you seem to think the GSEs and FHA are here to save the day, there's nothing preventing them from enforcing their policies, either. Certainly nothing you could attribute to either the content or origins of USPAP. So what's your excuse for them and why should we expect them to do any better than they've been doing? How are they any less complicit in the situation than any of the lenders?
Now this is precious coming from one of the biggest GSE cheerleaders on the Forum. I suggested USPAP be eliminated from GSE work because its servers no purpose. It is just another layer or checkbox an appraiser has to go through. As I said, the GSEs already have their forms, rules, Scope of Work, certifications, etc. Why layer USPAP on top of that? I haven't even mentioned the client-imposed assignment conditions and the AMC gibberish, yet another layer.
TAF is responsible for what they do with standards and qualifications. They don't regulate appraiser conduct or limit user appraisal policies or enforcement in any way. As a concept, appraisal standards precede USPAP and will continue to exist long after USPAP is retired by whatever comes next. And you'll still be unhappy with it.
Lol, USPAP is used by state boards and regulators to sanction appraisers. USPAP is the noose, and the state boards, regulators, and users are the executioners.
Aside from whining about the one employee's income at TAF and USPAP updates, 100% of everything you're complaining about in those appraisals is the result of the lack of enforcement, not the result of the SFR appraisers never being trained on how to appraise a tract home.
So let’s get this straight: you want state boards to enforce a standard they have trouble understanding? How many times have we read on this forum that one state interprets USPAP differently than another? The Oregon state board says that appraisers violated USPAP because they were ghosting their clients—one of many examples. Has it occurred to you that maybe USPAP is too complicated and needs a significant amount of streamlining? As far as exposing the corruption at TAF, including their obscene salary, that will be continued to be exposed. That genie is out of the bottle, and there is no way it’s coming back in. People in power need to be held accountable.
