TAF Counting on Appraisers to Foot the Bill
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From October 30, 2020 TAFAC meeting, TAF president Dave Bunton said:
“Earlier this week the Foundation notified the ASC that it would not be seeking any grant funds for 2021”
Turning down “free” grant money means that TAF is counting heavily on appraisers to foot the bill when ethically, TAF should be making USPAP free. They are not taking the money because they are trying to avoid the “strings attached” from ASC (translation: avoiding oversight from ASC).
The Cosmic Cobra Guy Jeremy Bagott Asks Us To See TAF As A Disney-like Rights Management Operation
From Buzzcast: Junkets, Petitions, and the Need for Clawbacks with Jeremy Bagott
It’s a great listen and everyone needs to buy Jeremy’s book: Dispatches from the Cosmic Cobra Breeding Farm
From the show:
Buzz: I don’t think, as some have accused you, of vilifying Appraisal Foundation chief, Dave Bunton, in your book. Can you comment on that?
Bagott: I actually salute him for his technical bravura. The regulatory organism he’s created is a masterful system, and it’s doing everything the current arrangement incentivizes it to do – harvest government money; travel internationally; copyright and continually revise a growing number of proprietary products – standards, criteria, test questions, teaching materials. It teaches and credentials the teachers; teaches and credentials the enforcers; hosts foreign delegations; and charges what it can get for the standards. Rinse and repeat. He has mastered the art form.
A TAF Disney-Like Fable: TAF Didn’t Refuse The ASC Grant Because They Saved So Much Travel Money From The COVID Lockdown
As Jeremy mentioned in his excellent Buzzcast interview I mentioned earlier, he is also representative of the larger uninformed buy-in of the oft-repeated TAF narrative of why they refused to accept the $3M ASC grant this year. It’s not Jeremy’s fault – its the public spin TAF has narrated repeatedly during COVID.
Here’s the reality: TAF used the COVID shutdown to tell a “fable” that TAF declined the ASC grant because of cost savings due to less travel – because of COVID. That is completely false because TAF had already planned to decline the grant before COVID ever hit, as they were afraid the ASC would publish USPAP for free if they helped fund it. TAF was terrified of the “strings attached” aspect of accepting grant money as they ratcheted up their defiance to “oversight” by ASC. This was also illustrated in TAF’s “bat-shit crazy” letter to ASC.