Who is Danny Wiley?

[Fred]

My memory fails me as to the details. But I lost faith in USPAP and the intention of the ASB years ago when the definition of market value was changed to include the word "opinion" as opposed to "estimate". That opened the door to AVM's not being included and went totally against any sort of notion of 'protecting the public'. I'm not quite sure why appraisers have to pay to fund the AF if it's for protecting the public.

I agree. The board is failing to protect the public trust and harming its credibility as long as it takes the position that if: Person A charges money to tell someone what property is worth, that is an appraisal, but if Person B charges money to tell the same person what the same property is worth, that is not an appraisal.

I believe that position is unique and unprecedented in the history of professional ethics and standards.

 

[Lee Lansford]

Just thinkin' out loud, but...

If I were not a licensed appraiser who is subject to compliance with the USPAP, I could offer my "opinion" (or, "estimate") to anyone that asked me...and I would not have to comply with the USPAP.

How would such action be different from a company providing the output of an AVM to a willing buyer?

 

[Joyce Potts]

Just thinkin' out loud, but...

If I were not a licensed appraiser who is subject to compliance with the USPAP, I could offer my "opinion" (or, "estimate") to anyone that asked me...and I would not have to comply with the USPAP.

How would such action be different from a company providing the output of an AVM to a willing buyer?

As an appraiser, any suggestion of value is AN OPINION. Any computer generated AVM that spits out a value is an ESTIMATE. Estimates aren't regulated, opinions are.

Are you getting this yet? The definitions have CONVENIENTLY been changed to skirt around the law.

Similarly, we now have 'inspection date' and 'effective date' as to the Zaio product to mean two different things. As I understand it, Zaio goes and pre-appraisers properties, but when they render their 'driveby' appraisal they're suggesting the 'effective date' doesn't necessarily mean the date they drove by or inspected it, perhaps 24+ months ago?????

Opinion of Value = Appraisal by a lic or cert appraiser

Estimate of Value = A computer generated valuation that doesn't include the immediate 'hands on' or personal participation of a human appraiser.

My issue is, if you have lic/cert appraisers owning and generating the AVM's, that is a yet to be determined cause that's a big grey area.

 

[Fred]

Estimate of Value = A computer generated valuation

"Computer generated"? If I put a CD or DVD into my disk drive, listen to music or watch a movie, is the music or move "computer generated?"

 

[Joyce Potts]

"Computer generated"? If I put a CD or DVD into my disk drive, listen to music or watch a movie, is the music or move "computer generated?"

How did I know you were going to pick up on that.

No, but the grey area is about who distributed the CD or DVD and are they equally responsbile? It's about the middle man.

I don't disagree with you, Mr. Hawkings. I was simply setting forth my interpretation of the new definitions of 'opinion' vs. 'estimate'.

 

[Vegan702]

Danny Wiley is the real slim shaddy.

 

[Fred]

If you are right about the defintion, then it doesn't exist.

doesn't include the immediate 'hands on' or personal participation of a human appraiser.

With no human participation, how will the computer plug itself into the outlet?

I am pointing that out, because I thought the definition was much different. Apparently there can be plenty of human appraiser participation. George was explaining to me in another thread that if the human appraiser doesn't engage in sufficient "reconcilation," it's not an "opinion." I didn't get the impression it made any difference whether the appraiser has use of any technology that uses the movement of electrons.

 

[George Hatch]

Just so we're clear....

I am pointing that out, because I thought the definition was much different. Apparently there can be plenty of human appraiser participation. George was explaining to me in another thread that in his opinion if the human appraiser doesn't engage in sufficient "reconcilation," it's not an "opinion." I didn't get the impression it made any difference whether the appraiser has use of any technology that uses the movement of electrons.

 

[Joyce Potts]

I have a light that turns on and off in my foyer at night.

I don't have to be there to flip the switch. I programed this cute plastic doohicky by punching in or raising the little plastic hands that set the turn on/turn off switch. Then I plugged it into the wall, then plugged the lamp cord into the plastic doohicky.

So who or what is turning the light on and off?

The definitions are yet to be determined.

 

[Joyce Potts]

And don't answer with the power/electric source, because you'd be right too.