Time Just Keeps On! ! !

Posted by Cochise on November 11, 2006 at 17:44:32:

Dateline:

Los Angeles, California

November 9, 2006

The Southern California Chapter of the Appraisal Institute

Thirty-Nineth Annual Litigation Seminar

And the hits just keep on coming.

This year’s seminar covered numerous topics including Does’ Anybody Really Know What Time It Is . . . Referring to the appraisal date in condemnation appraising. When the main topic or title could just as well been Does’ Anyone Really Know How to Appraise, considering how guest speaker after speaker attacked the audience, the Appraisal Institute, and the Appraisal Industry as a whole.

Speaker: John C. Murphy, Esq. Addressed a number of reasons why appraisal reports prepared for litigation are typically undervalued. The reasons included the appraisers use of old data, the agencies use of a low bid appraiser selection process, bulk appraisal approaches to value, and many property owners’ hesitation to fight a city hall.

Speaker: Karen McLaurin, Esq. An attorney for the Los Angeles Unified School District, blasted the district’s appraisers for poor quality appraisal work and included an example in which a district’s appraiser had increased the value or a residential property 5% in six weeks.

Speaker: Faith Mitchell, Esq., and arbitrator for the Los Angeles World Airports, played smash mouth politics when she asked the crowd “Does Anyone in the Room Think?” She was apparently angered by the audiences lack of response to one of her questions about the Departure Provision (DP) and the Uniform Standards of Professional Appraisal Practice (USPAP.)

Speaker: Keith Brogan, Esq., hinted there was a code of silence among Institute Appraisers when he stated you guys’ all like each other too much. To illustrate he presented a video clip of one expert that, while on the stand, admitted that the opposing expert was more qualified than he. He also suggested that there was too much data shareing between Institute Members.

One estimation of fact that was not brought out was that 95% of the appraisal prepared for condemnation cases are prepared by MAI Appraisers. We believe that this is due to one of the oldest appraisal myth that you must be a MAI appraiser to be qualified as an expert witness.

Footnote:

Makes one wonder why the appraisal institute no longer allows the recording of it’s speakers and pre-screens the questions asked by the audience.

Cochise!

Advertisements

1 Response so far »

  1. 1

    I LOVE UNICORNS EVEN BLACK ONES ARE AMAZING!!!!!!!!!!!!!!!!!!!!!!!!!!ud83dude09 Click https://twitter.com/moooker1


Comment RSS · TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: