Which Topic Fires Up Appraisers More?

[ucbruin]

Get it straight what the public trust in USPAP means. USPAP can not mandate the public trust appraisers, so your false dictum that it means the public trusts us is backwards.

USPAP , since it applies only to appraisers and not to the public, means appraisers should practice in a manner that ensures the public trust (ethically).

Next you prevent BS about how in the bad old value hitting (for some ) days the public trusted appraisers...no, more like they were happy if they could influence appraisers to get any number their RE agent, deal, or mortgage broker wanted. Back then appraisers were not supposed to talk about value either, but talk some did, to find out what the party wanted so they could get the number.

What perspective do you have on appraising if you can invent the above that reverses the truth. The OP admitted he posted this post was a Trojan Horse, to show ( why?) appraises are hypocrites since all they care about is fees. Then later he admitted that yes, when appraisers act ethically, their caring of public trust is evident in their work.

Many appraisers put the public trust ahead of their own economic interest by refusing to hit value targets, even though they know they might lose a client ( still happens, since the firewall is compromised ), or refusing to do fast/cheap to get volume because they know it means no time to verify and research properly, or withdrawing from assignments they feel they lack sufficient competence on etc.

#1
"The OP admitted he posted this post was a Trojan Horse, to show ( why?) appraises are hypocrites since all they care about is fees."

#2
"Many appraisers put the public trust ahead of their own economic interest by refusing to hit value targets, even though they know they might lose a client ( still happens, since the firewall is compromised ), or refusing to do fast/cheap to get volume because they know it means no time to verify and research properly, or withdrawing from assignments they feel they lack sufficient competence on etc."

#1....
I'm not saying any/all appraisers are hypocrites.....
Just pointing out, IMO, that the position that "Public Trust" holds is not even in the top 5....
And it would be hard to argue against this as there must exist tens of thousands of comments regarding fees....

#2....
IMO, if Public Trust was #1....
Fees wouldn't matter, duty would prevail....
But in the real world fees matter most....
For whatever reason(s) one wishes to give....

 

[J Grant]

#1....
I'm not saying any/all appraisers are hypocrites.....
Just pointing out, IMO, that the position that "Public Trust" holds is not even in the top 5....
And it would be hard to argue against this as there must exist tens of thousands of comments regarding fees....

If appraisers practice ethically in a manner that would fulfill USPAP public trust, what is there to argue about or comment on? It is part of appraiser practice. Those appraisers who don't practice in such a manner are not going to admit it on a bulletin board, so again why would it be a topic eliciting thousands of comments? Public trust mainly gets comments/fired up when others (clients, stakeholders ,put appraisers in position to choose between making a living and upholding public trust.
#2....
IMO, if Public Trust was #1....
Fees wouldn't matter, duty would prevail....
But in the real world fees matter most....
For whatever reason(s) one wishes to give....

That makes no sense, how can fees not matter, since without adequate fees, no appraiser can "prevail" in their duty, since the appraiser can not stay in business. Do you listen to what your own arguments say to see if makes sense? And many appraisers now put duty above fees, while others put fees above duty..so , which appraisers get rewarded ? That is the question.

 

[ucbruin]

#2
IMO, if Public Trust was #1....
Fees wouldn't matter, duty would prevail....
But in the real world fees matter most....
For whatever reason(s) one wishes to give....

That makes no sense, how can fees not matter, since without adequate fees, no appraiser can "prevail" in their duty, since the appraiser can not stay in business. Do you listen to what your own arguments say to see if makes sense? And many appraisers now put duty above fees, while others put fees above duty..so , which appraisers get rewarded ? That is the question.

Young lady of course I "listen to my own arguments"....
I even listen to yours....

If protecting Public Trust was really #1....
Appraisers could take a haircut on a fee.....
And still survive by downsizing, finding a 2nd job, get a roommate, etc....

If a client drops the appraiser for protecting Public Trust...
That's the real world too....

 

[djd09]

'Ensuring Public Trust' is TAF mission statement. If there is a lack of trust, maybe they need a mirror or two.

 

[glenn walker]

"When Mel Watt became the nation’s most powerful housing regulator, his supporters predicted that he would advocate for the working class and help homeowners still reeling from the mortgage crisis.

But now, as his five-year term at the Federal Housing Finance Agency nears an end, some say the former congressman from Charlotte is partly to blame for higher rents and fewer opportunities for first-time homebuyers. A Charlotte Observer investigation found that rents and home prices soared in Charlotte over the past six years as corporate ownership of the housing stock grew — a trend Watt resisted taking action to stop.

Some former allies now say Watt enabled Wall Street firms to capitalize on the nation’s mortgage crisis by refusing to use his authority to help average homeowners avoid foreclosure at the height of the financial recession.

Some advocacy groups remain upset Watt did not ensure more troubled mortgages were sold to non-profit and local community groups. Instead, critics now say, the federal government saw sales of distressed mortgages go mostly to private equity firms and hedge funds.

A letter signed by more than 100 social justice groups and non-profits from across the country says renters are paying more per month, poor people are having a harder time finding affordable housing and many would-be first-time homebuyers have been priced out of the housing market.

The Nov. 10, 2017, letter, addressed to Watt, accuses his agency of helping create “a new class of Wall Street slumlords.”

Read more here: https://www.charlotteobserver.com/news/politics-government/article222654955.html#storylink=cpy

Good Riddance.

Get it straight what the public trust in USPAP means. USPAP can not mandate the public trust appraisers, so your false dictum that it means the public trusts us is backwards.

USPAP , since it applies only to appraisers and not to the public, means appraisers should practice in a manner that ensures the public trust (ethically).

Next you prevent BS about how in the bad old value hitting (for some ) days the public trusted appraisers...no, more like they were happy if they could influence appraisers to get any number their RE agent, deal, or mortgage broker wanted. Back then appraisers were not supposed to talk about value either, but talk some did, to find out what the party wanted so they could get the number.

What perspective do you have on appraising if you can invent the above that reverses the truth. The OP admitted he posted this post was a Trojan Horse, to show ( why?) appraises are hypocrites since all they care about is fees. Then later he admitted that yes, when appraisers act ethically, their caring of public trust is evident in their work.

Many appraisers put the public trust ahead of their own economic interest by refusing to hit value targets, even though they know they might lose a client ( still happens, since the firewall is compromised ), or refusing to do fast/cheap to get volume because they know it means no time to verify and research properly, or withdrawing from assignments they feel they lack sufficient competence on etc.

A professionals final opinion of market value should be driven by what his/her data and analyses indicates and has nothing to do with public trust. I have known quite a few old appraisers that simply lost their ability to allow the data and analyses to control their emotions which resulted in some belief they had higher ethics and standards than everyone else. When others don't agree with them they get on there soap box and accuse us of being number hitters or having no ethics. There are some very ethical idiots who simply are poor appraisers and many have unintentionally hurt a lot of people.

 

[Evincere]

Young lady of course I "listen to my own arguments"....
I even listen to yours....

If protecting Public Trust was really #1....
Appraisers could take a haircut on a fee.....
And still survive by downsizing, finding a 2nd job, get a roommate, etc....

If a client drops the appraiser for protecting Public Trust...
That's the real world too....

By your logic anyone charged with altruistic “public trust” should be doing as you suggest.

Why don’t you write to various police and sheriffs depts across the nation and suggest they take a pay haircut, get a second job and rent rooms in their homes to help offset expenses. Because after all, their jobs shouldn’t be about money or making a decent living

And while your at it send a note off to folks at the Consumer Protection Agency suggesting they do the same

 

[ucbruin]

By your logic anyone charged with altruistic “public trust” should be doing as you suggest.

Why don’t you write to various police and sheriffs depts across the nation and suggest they take a pay haircut, get a second job and rent rooms in their homes to help offset expenses

I will once they start posting on the AF....

You should Google MA state police over time scandal....

 

[Evincere]

I will once they start posting on the AF....

You should Google MA state police over time scandal....

Yes well I’d like to read readers comments and reactions from a cop who posted your Gospel to members of his LE community

 

[ucbruin]

Yes well I’d like to read readers comments and reactions from a cop who posted your Gospel to members of his LE community

I'm not trying to disrespect the law and fire community....
But in many towns and cities in my area these jobs are legacy jobs....
Why would that be????
$$$$$/early retirement/great bennies/etc....
Why wouldn't they want their kids to get into the field????

 

[djd09]

They modeled the system in the likes of landsafe and eappaiseit. Didn't Corelogic purchase landsafe? Mozillow should be proud.