What does it Mean to Protect the Public Trust

[George Hatch]

I have worked with such clients for many years and I perform such assignments. I've never encountered such an objection. Maybe it's a Florida thing where the appraisers know less about appraising than the bankers. It would surprise me if that's the case, though.

 

[Mejappz]

In your unfriendly business state, you must comply with USPAP to complete any of these. In Florida and 18 other states, you don't. It's as simple as that. Why are you trying to ram USPAP down the user's throat when they don't want it and don't need it?

 

[George Hatch]

My users have never once objected and there is no conflict involved so long as I meet the user minimums. I'm not saying anyone else must do it. I'm just saying that it doesn't cost me even 5 minutes to do it and none of my clients object to me doing it. So that's how I choose to operate as a professional appraiser.

It's just like when you want to sell your users the additional development reporting for your adjustment factors - you do it because you think it's appropriate and that's how you want to operate as a professional appraiser. Even though none of your clients value the effort enough to pay you for it.

Laws and regs function to establish a minimum requirement, not a maximum.

 

[Mejappz]

You have no choice but to make Evals USPAP compliant. Others don’t and choose not to--It is a lot more than just five minutes. You forgot about a little thing called liability.

 

[George Hatch]

You literally don't know what you're talking about on this one. I strongly doubt I've ever come anywhere close to getting sued. For these or any other assignment type. Competency has its advantages.

 

[djd09]

Many Financial Institutions would agree with you. They do not want a USPAP-compliant appraisal when they are permitted to use non-USPAP-compliant evaluations. So instead of using the most competent and qualified professional to obtain a market value opinion, these institutions go to other non-appraiser professionals (i.e., bank clerks, realtors, accountants, etc.) No money for you.

USPAP compliance is only required by law or agreement. voluntary obedience is meaningless

 

[George Hatch]

I make the effort to try to conduct myself as a professional because I choose to do so. Not because I'm afraid of getting caught not doing so.

But hey, if the fear of getting caught prompts an appraiser to comply then that just demonstrates the IRL effect of the existence of that standard on that appraiser's conduct. Fear of getting caught isn't the most virtuous motivation for compliance, but then again the compliance itself is the thing; not the individual's motivation.

 

[Mejappz]

I've ever come anywhere close to getting sued

Duh, that is exactly my point. Why in the world would you open yourself up to liability by adding USPAP to Evals when you don't have to? One of the reasons you haven't got sued is because E & O doesn't cover Evals. If somebody doesn't know what he's talking about on this subject, it's you.

 

[George Hatch]

Suffice it to say I don't live in as much fear of getting sued as you apparently do. I think you should try to relax a little on that.

(I never include copies of my license or E&O in any of my reports unless a client explicitly requires it, which none of my clients do)

 

[djd09]

the issue is not being sued...it's cert 23 which makes everyone a quasi client that can turn you into the kangaroo court...but you wouldn't understand that