Відео

I love you mama/tonia

So happy Face Value is back! Congratulations to Warren and Tonia!

Great to see (hear) you're back.

do you know I am a regular viewer of your UA-cam channel. I have watched your videos and the content quality is very good. Your channel has quality content but still it is not reaching the right audience due to SEO issues. SEO optimization will make your videos appear first in Google, UA-cam, Bing and other search engine search results with relevant keywords. You should focus on the SEO of your videos for the right audience and more organic views so that you can have a large fanbase. Feel free to ask me any questions about SEO troubleshooting for your UA-cam videos and how it works

Individuals like Jeff, who ensure everyone has a voice, are true game-changers in the real estate industry.

Thank you for your suggestions.

please provide the exact url and how to get the appraisal -level dashboard. IT IS NOT CLEAR in this video!!

Hi dear, I hope you are well. I saw that your UA-cam videos are very lovely and very helpful. You have enough of the videos but your video is not getting views because there is some problem with your videos. Your SEO score is very poor and you need optimization for better results. If you update the videos then the views of the video will increase. If you want you can discuss with me. thank

Nice to hear people's stories......DW.

AIC should respect minimum wage laws and allow ALL candidates into meetings.

good

I've seen where you have said that a cap rate is a rate of return. In a 10 cap market a possible dollar of NOI sells for $10. V=i/r $10=$1/10% In a 5 cap market that same dollar is selling for $20. $20=$1/5% Why would any rational investor pay TWICE as much for HALF the "return"?

The impact?? Destruction of the industry. Hiring Uber drivers or anyone else who can pass a drug and background test to inspect properties ALL to delete the Professional Licensed Real Estate Appraiser taking a tiny part of the massive greedy fees collected by the AMCs. Nice that NAR and all others have stabbed the Appraisers in the back to make sure Realtors get a bigger cut of overpriced homes and we can create a bigger bubble of overpriced homes. Ya'll RUINED the profession and apparently there is NO ONE to stand up for us and all our decades of hard work and continuing education all in favor of paying $50 for Johny or Jane off the street to take over our profession.

Excellent Update James!

So the 2 -value solution is 1 value that is grounded in the market and another value that has no basis in reality. These people either don't understand appraising or they are being dishonest.

People get money to buy home and upkeep them from working, not using their home as an ATM to cashout everytime they need money. Lower priced homes means more affordable homes, which is something HUD strives for supposedly. Artificially jacking up home values with easier loans just leads to more families being foreclosed on which does not help minorities or anyone else keep generational wealth.

Appraisers do not create wealth in housing, we analyze and report. Politicians are trying to pass the buck to us and we have no ethical power to do anything.

Simple solution. Blacklist all white appraisers.

Last point. you said this is like environmental scientists. I assume you will also push for higher appraisal fees due to the "compendium" of data analysis, right?

we have been taught location, location, location because that the the main and predominant factor when a buyer purchases the home. If there are two identical homes and one resides in an area that has more crime, lower rated school, you name it, they don't give a damn that it is the same house as they want. They won't consider it. There always needs to be lower income properties. What would happen to some of the economically struggling families that no longer can afford housing because of this ridiculous` method? This method would be discriminating against low income people because you are forcing the market up based on poor comp selection and MARKET MANIPULATION. If you did this with stocks, you would have the SEC knocking on your door.

Appraisers, as a whole, do NOT discriminate based on religion, race, gender, sexual preference etc. You guys should know better as you are well aware of the scrutiny we are under. It's a false narrative to push a certain agenda. You are hurting the industry and the professionals in this field. I have been completing appraisals as they are required under USPAP which already clearly and explicitly discuss the illegal actions of discrimination. Why? We have families, children, bills. We worked exceptionally hard to get where we are at. We stayed through the slow times to come out the other side. Went out every single day to keep the housing market afloat when a pandemic occurred and no one knew what the hell it was or how harmful it was. We did this because we are PROFESSIONALS. You also are well aware that we are a small profession that has essentially no ability to defend ourselves. Talk about punching down. I hope you all sleep fine tonight knowing many families rely on this job and the ability to maintain public trust in our professional opinions. This is not it. Shameful.

Access to this data is great, its use is limited to the field appraiser as we generally work in a much more granular level. It’s a shame this data is being used to further the bogus claims about appraisal bias. I watched hearings chaired by Maxine Waters appraisal bias. Tobias Peters presented some very compelling data which was simply ignored. I’ve been appraising for 17 years, if there is racial bias in the industry, I really don’t see it. Blaming appraisers for lower values in any specific area regardless of race is like blaming the temperature on the thermometer. It would take a special effort to deliberately under-value any home, there’s no reason to do this, no increase in the fee, in fact it would likely take a significantly more work to deceive the underwriters; that’s a special kind of hate that simply does not exist in the typical appraiser’s DNA. I do seem to think the likes of Lisa Rice have some type of agenda, we are not well liked by the lenders and realtors, I would not be surprised if the larger banks are funding Ms. Rice’s organization. The banks are truly at fault due to past practices, from redlining to the more recent predatory lending antics. Contract price discrepancies can be attributed to unethical Realtors and un- or under-educated buyers and sellers; in this sense the appraisers are protecting the public - you are welcome. Why are appraisers always in the cross-hairs? Lastly, Congress should also stop drawing district lines by race, that may help a little.

This video is all about what appraisers should NOT do. We are not a tool to create value.

Likely the most misguided "profession" in America!

Likely the most misguided "profession" in the US!

Ok! So this perhaps the most misguided organization in the US! And they are too ignorant and narcissistic to admit they are nit smart enough to jnow when they are wrong. Unfortunately, like vast majority of "professional" organizations.

Wow this is awesome

The ability to form an unbiased, objective opinion of value is absolutely essential in this line of work. Min. Tracy Butler

Tim is the real deal. I always look forward to hearing him and continue to be impressed. We (AI) are truly fortunate to have such stellar members who go above and beyond to truly make a difference.

Good information. The reason we don’t have up and coming appraisers is due to the lack of accountability for AMCs. They have not been willing to allow appraiser trainees to do field work but now they want Property Inspectors. The Appraisal Institute has sat back and let companies like Clear Capital bully their way into minimizing appraisers abilities. Tragic.

Great info Molly & Ayako!

5 / 7-foot rule is ridiculous I have a bonus room with 4 walls and use every inch of it fine. Every ranch home within 100 miles of me is the same and no buyer is going to whip out a tape measure and care if a side wall is 4.5 ft or 5. Just another case of people that too much time on their hands changing stuff to justify their existence, just like with most of the USPAP changes. The market should determine what is considered usable GLA, not geeks sniffing their own farts. Dawn was absolutely right, if the market does not penalize value based on ANSI standards why would we? We are determining MARKET VALUE are we not? We are not doing an ANSI compliance check. Why would FNMA not just come up with a market-based standard in collaboration with appraisers and other real estate professionals?

As a full-time REALTOR, this was fascinating to watch. Dawn asked the questions that hit at the heart of these changes. Using ANSI standards for many dwellings could potentially have a significant impact on calculated GLA. What's comical is that there is ZERO chance that information makes it back into the public record because it would drop the assessed value and lower the tax burden - never gonna happen. So the homeowner gets screwed - high taxes while living there and lower resale due to smaller GLA. We'll have to wait and see...

Has anyone asked how much the dude from FNMA is getting paid from this third party sources to push the software?? Also how in the hell can you complete one of these desktop with out data from a third party when they want you to rely on data from agents? This is garbage. Again trying to take any of the art out of the profession and make it all big data and statistics. Mars Rover comments really??/ Appraisal fees should triple in price to pay for all this crap.

They are NOT paying us for our time......they ARE paying us for our opinion. Do not accept a lower fee.

Desktops & Hybrids open a pandora's box of potential fraud and very poor quality appraisals. When an appraiser looks at comparable sale photos online, they gain a much better idea of the actual features, quality & condition of the competitive sale than was available in the past...... but the appraiser must still be diligent in accounting for agent bias & puffery. (IF one takes the time to look at each of the 24+ photos in the MLS AND drives by the property, also observing nearby influences). But there is NO RISK for the loan of the property you are appraising. In rare cases, an appraiser could believe a comp is of a better quality/condition than it actually is..... and then it's adjusted value indicator for the subject would be lower than it should be. For that ONE COMP. But it is the subject property we are appraising. It is the subject property that is being scrutinized as collateral for a loan, NOT a single potential comparable sale. The appraiser cannot personally inspect the inside/outside of every comp to the same degree that we inspect a subject property and this does NOT put home loans at risk. When the appraiser spends 45 minutes to an hour inspecting a home they are appraising in person, takes 30+ photos, measures the improvements, takes notes on condition, quality, repairs needed, depreciation, etc....then the appraiser has adequate info. to make all of the judgments necessary for a quality appraisal report. When lenders began requiring appraisers to take so many photos after 2008 and to include them in the report, it was to also provide a check on the appraiser. That's why drive-bys (Form 2055) were done away with, for the most part. Neither the appraiser nor the underwriter could know the actual quality/condition of a home on a 2055 (Exterior-Only Inspection Residential Appraisal Report). But Desktops & Hybrids open a pandora's box of potential fraud and very poor quality appraisals. Depreciation, needed repairs, etc. will NOT be accurately detailed for the remote "desktop" appraiser. I've observed a number of homes where the MLS listing photo showed a large front yard, but the camera used a very wide angle lens. When I drove by the house to observe it as a potential comp. there was almost no front yard and the house is near street, sometimes a busy street. I've observed a number of homes where, prior to my going to the home for an appraisal inspection, the MLS listing photo showed a significant water view. But when I inspected the property, I would have had to use a 100MM+ ZOOM LENS to get that so-called "amazing lake view". The risk to the secondary market is greatly increased with this deceptively named "modernization" of the appraisal process. The 2008 financial crisis was primarily due to liar loans and all kinds of corruption in the loan approval process itself. Fraudulent appraisals were also a factor, albeit secondarily. With hybrids and desktop 1004 reports.... fraudulent, inflated, garbage appraisals are likely to be the primary factor in the NEXT financial CRASH. And when an AMC can find the appraisers: 1) Willing to churn these reports out at 1 per hour, 2) And the AMCs select those appraisers known to reliably "hit the number" on appraised value..... including with an "anything goes - go as far outside the neighborhood as you need to in selecting comparable sales" mentality...... (soon to be encouraged by the FHFA in their "anti-bias" initiatives) The next real estate/financial crash won't be far behind.

If there is a standard, then standards need to be applied for wall thickness because I don't know of any appraisers willing to walk on a roof to take measurements on an upper story. This standard will also apply to condos and basements. If you are going to require measurements to the 10th of a foot and make it a requirement, you'd better be prepared to adjust for wall thickness. Since we don't know and neither does anyone but the builder and architect, assumptions have to be made and that throws out the measurements to the 10th of a foot. I will continue to round to the half foot for this reason and am willing to challenge my thoughts in any court in America. ANSI standards have to have fully compliant standards or FNMA has to allow for adjustments.

55:40 “get ONE answer per house… it is one size” What world are you living in. It is literally impossible for two or more people to get the same EXACT size for one house!! I guarantee 100% this joker would come up with a gla that is NOT 100% the same as ANY other appraiser. You are trying to implement an impossible “idea” that can not be done even by these people that say it MUST be done. Yes there is a very small number of houses that would be the exception, 1 story 20 X 30 house but even then it is more likely 2 appraisers will still come up with a very slight difference in total living area. This is a incredibly ignorant idea! What reflects poorly is making people do the impossible while those requiring it can not do what they say should be done. IGNORANT I’ll tell you what, when you are able to do what you say can and must be done THEN you can require all to do it. It will never happen. Until then, wake up and try to live in the real world.

Why is no one asking about the new requirement for appraisers to assume the liability on condo review of all documents?

WHY DOESN'T FANNIE MAE WANT APPRAISERS INSIDE THE HOME??

I know one thing: I was open minded at first about Desktop appraisal reports....but after watching this video THERE IS NO WAY I WILL DO A DESKTOP.

Fewer designations more fundamentals. Your organization did not teach your most senior reviewer about the competency rule with respect to appraisal reviews. Also, the market has spoken on the value of your review designation. The cost does not = value. The only people who are getting them are people who drink the AI Koolaid. I stopped drinking it in 2017 when your organization decided to falsify documentation with a fictitious timeline where the conversations with your most senior reviewer admitting a competency violation (he instructed me to remain silent about his violation, which I had to respect) were excluded and the conversation where I reported him to your head of ethics was not included either. Why did you exclude the conversations that provide alternative facts? Also, where did Gill do his valuation for reporting work again? He isn't a peer nor is he competent, but I've learned that competency flows from the top down.

The AI abandoned the residential appraiser 20 years ago. This is a made-up institution. A private organization that lies, supports cheating and stealing. I caught their most senior reviewer in a competency violation (during my MAI review) and they falsified documents to prove their point. I reported this incompetent fool to their head of ethics, who laughed in my face. Even after their most senior reviewer admitted a competency violation, he never recused himself from the assignment. USPAP much?

This organization is a joke.

Omg. Institute is a bureaucratic catastrophy!

Congratilation

hello how can we get the presentation pdf the screen is very unclear