Appraisers have worked for a long time with the IRS definitions; on Charitable Loss, commonly referred to as 501(c)(3).

This must be a mistake, as you refer to an individual and private corporation later in the article.

There are specifies which change some of the features of Market value and WHO would work for The IRS?

Kim, If you sign up via the authors twitter feed, you will get these directly to your email for easy forwarding. Previous articles available via twitter. Sign up link is at bottom of articles, click through to any one of them and you’ll be able to sign up. I subscribed a few months ago. I’ve been bugging the site moderator to post them slightly more real time. Agreed, quality independent journalism worthy of broader recognition. He is after all, a self described news man. Except instead of being on the take, Mr Bagott came out of a time capsule from an era before news sold out to the highest bidder. It’s a refreshing turn form the Joan Trice and Dustin Harris era, where those whom capitulated to the dismantling of this industry received the most recognition.

Did you catch FNMA’s latest effort to further promote restraint of trade upon the appraisal profession? If you still want field work in the future, you’ll have no choice but to go with FNMA’s preferred appraisal management companies. And we can know ahead of time exactly how it will shake out. They’ll onboard appraisers to calm the masses during great transition. Then before too long the amc’s will move back to existing vendor networks they’re already using, and appraisers will be in competition with the whole world for the ‘inspection service’, the license will no longer matter and the fees will plummet further. I mean they’re already slashing to a tenth of the compensation, one could literally earn more delivering pizza than being a field inspector for FNMA under the amc partners programs.
https://singlefamily.fanniemae.com/media/34156/display
https://singlefamily.fanniemae.com/media/33566/display
https://singlefamily.fanniemae.com/media/7151/display

Nothing says equity like doling out special favors to the most abusive companies in an industry. Courtesy of ‘Fannie Mae Digital Alliances Team’. Resistance to the bureaucratic state apparatus will no longer be tolerated. There will not be anyone left to hear complaints, nobody to care, no compassion to share, when everything becomes automated. The lenders and other corporations whom run our government will prescribe to the surfs, just the right amount of engagement, at the appropriate frequencies. There will be no more upward mobility or even general independent participation in the future. You will be required to be an insider, or you’ll be completely out. Either your company will be able to provide return favors in return for the allowance to participate in these systems, or you will be on the outside. Independents need not apply. Unless you’re just looking for part time income without benefits, they the Fannie Mae digital alliances team certainly does encourage you to apply with one of it’s partner vendor management companies. The people setting this up are already earning a fortune, but as that’s never enough, they want even more. Government sponsored luxury, your tax dollars hard at work.

I need a life, lol. When you can see the end of the line in the distance, far earlier than imagined. My take is if you are competent in real estate, one should be able to talk competently about real estate, and subsequently should also be able to express that in written form. I type 100wpm+ and speed read. I consume about 10-50 news articles usually 4-5 days a week i about an hour or two. I type the majority of the appraisal report content manually each and every time.

The Bagott articles are next level. Because he has a good understanding of the fundamentals, as well as the complexities of an entangled network of bureaucratic ‘oversight’. That’s the thing, licensees are only tested on theory, but not on the real world requirements handed down from the regulatory authorities. It would literally be impossible for a PAREA graduate to be even remotely close to keeping up. Two years apprentice time is not even enough to pick up competent valuation service development, alongside comprehensive regulatory structure understanding.

I’ve tried trainees a few times but they never were willing to stay after the routine crash course into regulatory structure. ‘Being an appraiser is as easy as memorizing somewhere between 10,000 and 20,000 pages of regulatory guidance.’ Although I won’t do this, if I were to take on a trainee, I’d assign them 6 months of reading assignments just to get started, fnma guide, state regs for everything; realty, mortgage, and valuation. firea, dodd frank, hud guide, various underwriter guidelines, back reading industry news more than a decade here and on appraisal scoop. I used to quick fire a long list. If they’re over achievers, dig into the AI books and such, learn to competently communicate in both short and long form on sites like this. Then valuation service skill development, finish with a re read of regulatory docs. I’m constantly impressed by other appraisers skill levels, then I’m also constantly disappointed too. I would not even know where to begin, in order to so efficiently and competently highlight and describe what’s going on with this industry like this particular author. That’s why I’m happy promoting Mr Bagott, even though I really don’t know anything about him other than the content of these articles. We need a champion, the emperor sent us here to die.

The article is definitely short compared to many of Baggins posts. 🙂

(Sorry Baggins, I just couldn’t help myself). We still love you (but not in that way). 🙂

Excellent.

Your cat is hissing because I’m not concerned about that much about spelling and grammatical correctness in a blog.

Entry level articles are on the other website. I mean, get around the internet, this article is short by many comparative journalistic standards. Concise, explanative, to the point with complex subject matter. Why does spelling cat suddenly look like he is frightened, shuffling sideways, back arched, hissing and such?

This guys twitter feed is here; click through articles for a sign up link.
https://twitter.com/jbagott?lang=en

I’m sorry, but if you didn’t know what Fintech was in the RE industry as a whole, you really need to update your course work and look outside solely of the appraisal industry an into the lending side of things. This would allow for a more rounded view of the market and “things” that directly impacts what we do. This was a great article and I was not lost. There is nothing wrong with have a new term for those that don’t know or may need a refresher. Not trying cut in on you, but there is no reason to cut the article short, other than summing in up in a single sentence of “We are ****ed” taken from the Big Short when asked what the head lines should read regarding this very topic.

it is spelled LOSE… hello.

An example is 4 or 5 paragraphs in “At the crossroads of it all is a campaign by the fintechs”.

Fintechs? I had to look that word up. Financial Technology.

When you loose the reader… you loose your chance to get your point across.

I suggest articles be written so MORE people can read and understand the problems the appraisal profession is facing.

Since late 2021, Fannie and Freddie have repurchased almost $11 billion outstanding CRT securities.

CRT buyers include large fund managers, public and private pension funds. Beneficiaries of CRTs can range from billionaires to schoolteachers and first responders (through pension fund investments).

Cycles of financial history and the subsequent consequences will be a certain headache to…

‘Those who do not learn history & are doomed to repeat it.’