It’s Time to STOP the Foolishness
STOP the constant parsing changes in all areas of USPAP
I encourage ALL appraisers in the DC Metro area to attend the upcoming ASB Public Meeting on October 21, 2016.
In a nut shell, my strong belief is that they need to STOP the constant parsing changes in all areas of USPAP.
NOT ONE of the proposed changes is a necessary change. NOT ONE! No wonder state regulators no longer comprehend USPAP!
If they need the extra money that selling new versions of USPAP produces, then just CHARGE US DIRECTLY!
The purpose of FIRREA was to preserve the public’s trust in the integrity of the appraisal process, not to promote unnecessary USPAP educational course offerings and lectures opportunities for so called USPAP “experts”. Over the years the TAF and its Boards have done the opposite. Their actions are eroding confidence! These are honorable people who have lost focus as so many boards often do.
TAF needs to stop appointing people to the various boards who rely on creating or teaching appraisal courses for a living rather than on appraising real estate!
These “experts” have had over 25 years to get USPAP “right”. If they haven’t done so by now they never will.
What they have created is an environment in which debating what the meaning of ‘is’ has become more important than the far more significant underlying PRINCIPLES & practices are!
When a state like Oregon tells us they consulted with eleven other states that also thought non delivery of an appraisal report in stipulated time frames was a USPAP violation then we have far bigger issues to deal with than linguistic ballets.
In almost all instances in which I investigated complaints against appraisers in the past year, 90% or more of the ‘charges’ were nonsensical ‘pile on’ charges that the investigators use to coerce appraisers into signing consent agreements. They would rather seek extremely excessive fines for minor omissions than to reeducate the appraisers that make them.
It’s time to STOP the foolishness… including adoption of IVSC but that’s a topic for another time.
The Appraisal Foundation Announcement
ASB Public Meeting
The Appraisal Standards Board (ASB) invites you to its upcoming Public Meeting on October 21, 2016, in Washington, DC. In August 2016 the ASB published the Second Exposure Draft of proposed changes for the 2018-19 Uniform Standards of Professional Appraisal Practice (USPAP).
Topics under consideration include:
- Definition of Report and Edits to the ETHICS RULE and the RECORD KEEPING RULE;
- Definitions of Assignment, Intended Use, and Intended User, and related edits to the COMPETENCY RULE;
- Definitions of Assumption and Extraordinary Assumption;
- STANDARD 3 – Dividing into STANDARD 3, Appraisal Review, Development and STANDARD 4, Appraisal Review, Reporting;
- STANDARD 6 – Dividing into STANDARD 5, Mass Appraisal, Development and STANDARD 6, Mass Appraisal, Reporting;
- Removing the term Market Value from STANDARDS 7 and 8;
- Edits to the Personal Property Certification in Standards Rule 8-3
- Advisory Opinion 37, Computer Assisted Valuation Tools; and
- Edits to Advisory Opinion 21, USPAP Compliance; Advisory Opinion 31, Assignments Involving More than One Appraiser; and Advisory Opinion 1, Sales History
The Board seeks feedback from government regulators, educators, appraiser organizations, practitioners, and users of appraisal service.
To register for the public meeting, click on the Register Here button to your right. Please visit our website for a list of all events www.appraisalfoundation.org.
Questions? Please contact: Aida Dedajic, Standards Board Administrator, a…@appraisalfoundation.org