Monthly Archive: October 2021

Is There Systemic Racism in Appraising? Where is the Evidence? 11

Is There Systemic Racism in Appraising?

Brian Stevens of NREP questions why no evidence has been put forward to support systemic racism in appraising. He proposes that a comprehensive non-partisan study of the industry be conducted before labeling an entire industry with easy and cheap terms like “systemic”. So we have all heard the story about systemic racism in residential appraising. There have been a handful of cases where it’s been determined that appraisers have brought appraisals in low based on the homeowner’s race. Now I don’t know if this is true and you don’t know if this is true. We don’t know the value, the...

ASC Wants to Make USPAP Free 5

ASC Wants to Make USPAP Free!

The ASC Wants And Has The Funds To Make USPAP Free! And More! This press release is seismic for appraisers so please read it: Press Release: Appraisal Subcommittee (ASC) Board Approves Fiscal Year 2022 Budget of $9M including nearly $5M in Grant and Technical Assistance Funding With the context of TAF’s bat-shit crazy letter, here are some key changes in the relationship between TAF and ASC: ASC wants USPAP to be free, enable diversification of the ASB and AQB which are NOT diversified and never have been and they want to study alternatives to the insanely wasteful two-year USPAP update...

Suspicion of a Discriminatory Appraisal... New Suspicious Law in CA 18

New Suspicious Law in CA

…any suspicion of a discriminatory appraisal by the holder of a real estate appraiser license… Folks in the Golden State, here’s something you’d better keep a very keen eyeball on: Appraiser Discrimination – AB 948 (Holden) Signed by Gov. Newsom This law requires a purchase agreement in a real estate transaction to inform a seller and buyer of the opportunity to report, through the Department of Consumer Affairs’ internet website or telephone number, any suspicion of a discriminatory appraisal by the holder of a real estate appraiser license. Furthermore, it would require such a notice to be provided by a...

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