Comments on: Bringing Evaluations Under USPAP’s Umbrella

By: don

don — Thu, 15 Apr 2021 20:22:07 +0000

In reply to Mike Ford, American Guild of Appraisers.

The user is legally responsible for the document he seeks, the appraiser can label his product a directed by the content. Webster defined appraisals, evaluations, and letter’s of opinion originally. shouldn’t we strive to continue those historic positions.

Wouldn’t it make things less complicated.

By: don

don — Mon, 09 Sep 2019 20:19:20 +0000

Amen, minor correction reduced quantities don’t necessarily reduce appraisers risk, work levels, or fees

By: Mike Ford, American Guild of Appraisers

Mike Ford, American Guild of Appraisers — Sun, 08 Sep 2019 03:08:26 +0000

The 50 states and 5 major territories/District are already unable to enforce USPAP competently or uniformly in compliance with FIRREA.

Adding a second “lesser” requirement option such as Evals to appraisers repertoire will not raise their standards.

All it will do is further blur the line between credible appraisals and outright bullshit such as AVMs, bifurcated pasture patties and now 15-minute non-USPAP reviews.

Why are ANY appraisers asking for permission to perform lower quality work for lower fees? If you are that intent on destroying your own profession, then just abandon it now and go drive for Uber.

By: Anonymous

Anonymous — Sat, 07 Sep 2019 04:16:36 +0000

The ASB has to write some standards for evals, because appraisers aren’t required to do evals, and rising the deminimus means substantially fewer appraisals, resulting in many appraisers dropping out of the industry and not buying USPAP books, not taking USPAP classes and not paying the foundation for license renewals.

eek
an income shortfall, quick, write new regulations so we can all pretend this will keep appraisers renewing their licenses, just in case the market crashes and the reps and warrants go back in place.

By: Bill Johnson

Bill Johnson — Fri, 06 Sep 2019 15:41:47 +0000

For years I’ve been complaining about how the National Home Price Perceptions Index (HPPI) seems to want to make the homeowner the expert. Meaning the article above and what has been typical for years reflects the appraised value is “lower than owners’ estimates”. As a single number, the appraisers opinion of market value is neither high nor low, but does get interpenetrated as such when other parties interests are considered (intended users or not). Perhaps its a only a small thing, but I think its done on purpose to downplay and belittle our profession (appraisal low = a negative view). The latest HPPI thus should in part say “homeowners opinions are 0.63% above what the average home appraisal indicates. In other words, the appraisal is not low, but rather the homeowners opinion is high.

Give the independent, unbiased licensed expert (the appraiser) the benefit of the doubt, versus wanting to associate the expert as being the problem (low appraisal).

Seek the truth.