tag:blogger.com,1999:blog-587948499497941945.post7031051070202897817..comments2024-03-20T14:07:51.432-07:00Comments on THE HOLMES SPOT: The Appraiser Needs AppraisingThe Holmes Spothttp://www.blogger.com/profile/08512620912625850729noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-587948499497941945.post-45092358564806167442012-08-23T20:30:21.992-07:002012-08-23T20:30:21.992-07:00Hi Keith,
Thank you for the information. Just for...Hi Keith,<br /><br />Thank you for the information. Just for clarification, this website is not affiliated with Mike Holmes or any of his corporate entities in any official capacity. This is just my own personal blog, and I was reposting an article I found interesting related to Mike Holmes. (I'm not even Canadian!) But thanks the feedback! RaquelThe Holmes Spothttps://www.blogger.com/profile/08512620912625850729noreply@blogger.comtag:blogger.com,1999:blog-587948499497941945.post-87823690458963085862012-08-23T06:25:36.093-07:002012-08-23T06:25:36.093-07:00We read your recent article “No Set Standards for ...We read your recent article “No Set Standards for Home Appraisers” with some interest. We would like to provide some context as it relates to the Appraisal Institute of Canada (AIC). Founded in 1938, the AIC is the premier real property valuation association in Canada with over 4700 active and practicing members across the country. The AIC grants the AACI and CRA designations to professional appraisers in Canada and abroad.<br />The article criticizes the appraiser without having seen the house, and goes on to say that the “appraiser the bank hired couldn’t support the loan”. In truth, the appraiser’s professional and ethical responsibility is to provide an independent assessment of the value of the property. While the homeowner in the article is disappointed in the outcome, it does not mean the appraiser was wrong. <br />The valuation process takes into account a number of elements including the physical characteristics of the dwelling, interior/exterior finishes and systems, the quality of the improvements, as well as any deficiencies or impairments. Market conditions and comparable sales are two of a number of key factors inherent to the process.<br />Contrary to your assertions, construction skills and knowledge are fundamental to the education AIC members receive and our Professional Development programs regularly focus on new and emerging construction practices. <br />The AIC has established ethics and standards to help ensure members fulfill their obligations to their clients and to ensure they maintain their skills. <br />The AIC encourages members of the public to engage qualified appraisers that are members of a professional association. The public can find AIC members on the “Find a Real Value Expert” on the AIC’s home page at www.aicanada.ca. <br /><br />Keith Lancastle<br />Chief Executive Officer<br />Appraisal Institute of Canada<br />Anonymoushttps://www.blogger.com/profile/09052399865599747984noreply@blogger.com