Comments on: Appraisal Standards Should Age Like Fine Wine

By: Tom DiNardo - sommelier, appraiser (SPA, CAA), auctioneer and CEO Winery & Wine Appraisals

Sat, 24 Jun 2017 20:54:42 +0000

This is a very informative article and quite timely. When hiring a professional wine appraisal company and or expert wine appraiser you will want to verify the following information:
(1) Do they possess an appraisal designation from a recognized appraisal organization?
(2) Do they possess the Uniform Standards of Professional Appraisal Practice (USPAP) accreditation which requires re-certification every two years?
(3) What is there direct experience and formal education in wine? YOU WOULD BE AMAZED AT THE NUMBER OF FRAUDS OUT THERE.
An appraisers qualifications should be readily available (http://dinardoandlordauctioneers.com/wp-content/uploads/2012/06/Qualifications-of-Master-Wine-Appraiser.pdf).
(4) Do they possess other relevant experience in areas such insurance claims, insurance fraud, counterfeit identification, cause and origin investigations, scope of damage evaluations, and professional assessments?
(5) A true appraiser will charge either an hourly rate or a flat fee. Any appraisers charging percentages or commissions are frauds!
(6) Beware of retailers, distributors, storage facilities, and auction houses posing as “appraisers”. Their goal is to buy your wine collections, which implies a “direct and personal interest”, which is a violation of USPAP.

Sincerely,

Tom DiNardo – sommelier, SPA, CAA, and CEO of Winery & Wine Appraisals.
V.P. Outreach for the National Association of Professional Appraisers

By: Mike Ford, CA AG; AGA, GAA, RAA

Mike Ford, CA AG; AGA, GAA, RAA — Tue, 16 Feb 2016 22:57:58 +0000

Don, ALL great points re unnecessary changes.

Also, I see you are a member of VaCap. It’s inconceivable to me that VaCap is not already standing up for those twelve appraisers about to lose their licenses (via rescission)? Were they asked?

It’s incorrect to say “no one will do anything to help them…” without knowing if they have done anything to help themselves. Are they MEMBERS of VaCap?

Are they members of the American Guild of Appraisers (AGA) OPEIU/AFL-CIO? Since I have been Chair of the National Appraiser Peer Review Committee at AGA we have not turned down one members request for help. Not one. we have referred several to attorneys where that appeared to be the necessary solution.

While no one can guarantee outcome, we have been effective in numerous issues confronting our members. If corresponding with state Governors, Labor organizations, Legislatures, Regulatory Agencies, State Attorney Generals, or others is called for, we are ever ready to do our part. We have helped with research, and peer review opinions; and counterpoints to alleged ‘violations’ of purported “commonly accepted sound appraisal practices”

In California, we were instrumental in killing AB624 AFTER IT HAD ALREADY PASSED both State Houses!

The ONE thing that IS necessary however for our assistance…is MEMBERSHIP. Even membership after the events took place.

Any or all of the twelve should contact me at (714) 366 9404 or Jan Bellas at (301) 220-4100 or Jan@appraisersguild.org to explore potential solutions; including petitioning for waivers if that is what’s called for.

By: Stephen E Meyer

Stephen E Meyer — Fri, 22 Jan 2016 19:39:41 +0000

The Appraisal Foundation is all powerful and is addicted to money. They are secretive and not accountable to anyone. This needs to stop. I will use my real name below, but if I have an “accident” you will know where to start looking!

By: REValuator

REValuator — Thu, 21 Jan 2016 17:04:09 +0000

USPAP has become a racket…just like anything else where “power” is perceived and compliance is required.

Falls right in line with HUD, FHA, FNMA, etc . They should at least get it to an every 5 year update by now…right?

By: BC

BC — Wed, 20 Jan 2016 00:58:53 +0000

I honestly believe the purpose of USPAP is to make changes for the sake of changes for every 2 yr edition in order to justify being able to charge for classes for the Continuing Ed RACKET! I’m still pondering the 2010 change about exposure time for a hypothetical listing of the subject property at a made up point in time. No matter what anyone says that one will always be GLORIFIED FORTUNE TELLING TO ME!

By: bubba jay / Retired Appraiser II

bubba jay / Retired Appraiser II — Tue, 19 Jan 2016 22:32:33 +0000

incompetence is a big piece of the pie RA, but you also have to wonder who is sleeping with who around here too. constantly forcing all appraisers retake these worthless USCRAP re-view classes creates a nice little income for the education providers doesnt it? last re-view class i went to was a complete waste of time and money. in a nut shell, we all spent the day and a great deal of money, just to find out about all the “thee”‘s that were changed to “the”‘s, or whatever it was that was just as ridiculous.

one of these days i would also love to see how many times appraisers are forced to spend hundreds of dollars and time away from work, to take 2-day USCRAP classes, or more, to make complaints go away.

hey, the statistics show that everything is going GREAT!! right?! i agree – full steam ahead!

the bleeding continues . . . . .

By: Retired Appraiser

Retired Appraiser — Tue, 19 Jan 2016 17:29:19 +0000

The fact that they’ve been writing and rewriting these G.D. regulations every single year for nearly two decades tells you everything you need to know about the competence of those who rule over your careers.

*Not surprisingly, these are the same people who have no clue about why fee transparency on the HUD-1 is a big deal…especially when it spits in the eye of the Truth In Lending regulations and the borrower.

*Not surprisingly, these are the same groups who cannot grasp the fact that a reverse auction style ordering process (lowest bid wins) will consistently yield the lowest quality appraisal results.

By: Retired Appraiser

Retired Appraiser — Tue, 19 Jan 2016 17:10:42 +0000

How would their OVER PAID ARMY OF DO NOTHINGS justify their salaries (and their existence) if everything regarding the appraisal profession were not written and rewritten 1 to 4 times each year? This applies to those in charge of USCRAP and the HUD sector. Don’t think for a second that regulations regarding Realtors are completely overhauled year in and year out. You can count the changes in the real estate sales arena on a couple of fingers each year.

This is yet one more reason to run like L from this “profession” and find a job that nets more than minimum wage.