The 2010 spring conference of the Association of Appraisal Regulatory Officials (AARO) was held May 1-3 in sunny San Diego, California. (Author’s note: If you ever get a chance to travel to San Diego, by all means do so. And if you already live there, well, you’re a lucky individual.) The sun, the blue water, the appraisal regulators and industry advocates… what a fabulous combination!
A number of organizations provided speakers during the 3-day event, including representatives of the ASB, AQB, ASC, FDIC, AI, NAIFA, (enough acronyms for you?), appraisal management companies, technology companies, state regulators, and state appraisal coalitions.
There was much to be gained from the Association of Appraisal Regulatory Officials (AARO) conference which was held in May in San Diego. I mean, when you put several dozen appraisal regulators, representatives from appraisal organizations, AMCs, attorneys, and appraisal education companies all together in the same room, you’re going to get magic. (Okay, in fairness, you’re going to get a lot of hot air, also.)
One of the particularly enlightening speakers was Barry Shea, who is a current member of the Appraisal Standards Board (that’s right, the folks who are responsible for USPAP).
Mr. Shea provided an interesting take on the new 2010 USPAP requirement that an appraiser must disclose to a prospective client any prior services provided by the appraiser relating to the subject property, and must provide an additional disclosure in the certification.
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