By a vote of 28 to 0 in the Senate yesterday (2 not voting) and 55 to 4 (one not voting) in the House today, the Arizona legislature has passed the Conference Committee’s version of SB 1291 (originally, the Get Zillow Bill). And they did everything right.
The Conference version of the bill differs markedly from the amended version that the House returned to the Senate. A committee comprised of three members of the House and three members of the Senate rewrote the legislation to deal with more than the Zillow issue.
First, they eliminated the original bill’s amendment to the definition of appraisal. Thus, that definition remains as it was: clearly descriptive of a real appraisal, rather than the proposed broader definition that would have encompassed any estimate of value by any person using any means.
The Committee also adopted the Reagan amendment to the Bill that rejected an effort to change the composition of the Appraisal Board by creating an absolute majority of appraiser members.
Most importantly, perhaps, the Committee broadened the Reagan “exception” to appraisal-activity-for-which-a-license-is-required. The new language reads that the law shall not apply to:
A PERSON WHO PRODUCES A STATEMENT THAT IS PROVIDED TO ANY OTHER PERSON CONCERNING THE ESTIMATED VALUE OF REAL PROPERTY THROUGH AN INTERNET WEBSITE, AUTOMATED VALUATION OR OTHER SOFTWARE PROGRAM OR OTHER MEANS OF COMPARATIVE MARKET ANALYSIS AND WHO DISCLOSES THAT THE ESTIMATE IS NOT AN APPRAISAL.
The exception applies, therefor, not only to Internet sites providing free AVM’s, but also to real estate licensees performing comparative market analyses and broker price opinions.
Why is this important? On the eve of its anticipated victory in getting the original SB1291 passed before anyone understood what was in it, the Arizona Appraisal Board sent at least one shot across the bow of the Real Estate Commission signalling that it intended to go after real estate agents who were preparing BPO’s (probably for beverly hills corporate housing). The amended definition of appraisal (that could have been read to encompass BPO’s) would have given them the ammunition for a sustained volley.
Why is the ability of real estate licensees to provide estimates of value (with the appropriate disclosures) to consumers and to banks important to the people of Arizona? Because CMA’s and BPO’s provide more cost effective alternatives to appraisals that are more than adequate for many uses. Where, after all, do many appraisers go to get market comps and local market information? Real estate agents.
Not to mention that a Federal banking law specifically permits banks to use “evaluations” (such as BPO’s) in lieue of appraisals in many real estate related loan transactions. Other state appraisal boards have sought state legislation or made their own rules in defiance of this Federal mandate - and ultimately failed because the Federal law in this area expressly overrules state regulation to the contrary. But it can result in costly, taxpayer-funded litigation to get to the inevitable result.
We applaud the Arizona legislature for taking a careful look at the Bill that almost got by them, giving it due consideration and then acting in the interests of its many consumers rather than its few appraisers.
Do any of you have friends in Tennessee?
Thursday, September 22, 2011
Wednesday, September 7, 2011
Wikileaks leaked Moammar Gadhafi
Wikileaks hit again on Wednesday with cables but now surprise Moammar Gadhafi for his in multi-billion dollar wealth and millions of dollar spending on private concert by pop singer diva Beyonce.
According to recent leaks by WikiLeaks website US diplomats revealed that Gadhafi was very much hopeful to curb the protest till his “Last Drop of Blood” and will not let down his 42 year rule on Libya. Not to forget 300 civilian died during protest due to crack down by government.
The continuous anger against Gadhafi’s children especially when his son Hannibal beat the servant in Switzerland hotel and latter was arrested for that matter .Current uprising among people most probably sparked due to this incident alone and decline of Gadhafi rule was predicted by Wikileaks a year ago in their cables.
US diplomats in Libyan capital Tripoli have described the treatment by Gadhafi’s family and treating the country like their personal property.
Following is the minor detail about favors given by Gadhafi to his family:
What is your opinion about Moammar Gadhafi rule and departure ?
According to recent leaks by WikiLeaks website US diplomats revealed that Gadhafi was very much hopeful to curb the protest till his “Last Drop of Blood” and will not let down his 42 year rule on Libya. Not to forget 300 civilian died during protest due to crack down by government.
The continuous anger against Gadhafi’s children especially when his son Hannibal beat the servant in Switzerland hotel and latter was arrested for that matter .Current uprising among people most probably sparked due to this incident alone and decline of Gadhafi rule was predicted by Wikileaks a year ago in their cables.
US diplomats in Libyan capital Tripoli have described the treatment by Gadhafi’s family and treating the country like their personal property.
Following is the minor detail about favors given by Gadhafi to his family:
- Mohammad (Son) Dominate Telecommunication
- Muatassim(Son) serving National Security Adviser.
- Hannibal (Son) in maritime Shipping
- Khamis(Son) command top military unit
- Saadi(Son) job was to establish Export free Trade zone
- Aisha (Daughter) was running Qasi-Governmental organization.
What is your opinion about Moammar Gadhafi rule and departure ?
Godhra Train burning verdict by Gujrat court today
Violence on minorities in India is not new, from very first day of creation to till date attacks on minorities are worse even after claimed to be democratic country.
Apart from Kashmir India’s Vishwa Hindu Parishad AKA terrorist of India never miss a chance to suppress Muslims especially in Gujarat. In 2002 there was incident occurs with Godhra Train burning killed almost 59 passengers on board. I am mot defending this act but feel like anger become lethal weapon when there is no limit of brutality.
In order to sort out the case as special fast-track court was established to resolve the case and the verdict by Gujrat special court under supervision of Additional session judge PR Patel expected today. Fast-track court postponed the verdict last September and much awaited decision till now.
Currently there were 95 people accused and going under trial .Among these 80 put in Sabarmati Central Jail in Ahmedabad. Fifteen of them are on bail and five accused are juvenile.
Apart from Kashmir India’s Vishwa Hindu Parishad AKA terrorist of India never miss a chance to suppress Muslims especially in Gujarat. In 2002 there was incident occurs with Godhra Train burning killed almost 59 passengers on board. I am mot defending this act but feel like anger become lethal weapon when there is no limit of brutality.
In order to sort out the case as special fast-track court was established to resolve the case and the verdict by Gujrat special court under supervision of Additional session judge PR Patel expected today. Fast-track court postponed the verdict last September and much awaited decision till now.
Currently there were 95 people accused and going under trial .Among these 80 put in Sabarmati Central Jail in Ahmedabad. Fifteen of them are on bail and five accused are juvenile.
William Hague Claimed that Muammar Gaddafi flee Venezuela
Posted by admin On February - 21 - 2011ADD COMMENTS
Reuters reported on information linked to British Foreign Secretary William Hague that Muammar Gaddafi likely to going Venezuela. This news came up on Monday but noting is clear yet.
During the meeting in Brussels of European Union Foreign Ministers he told reporters that I don’t whether he is in Venezuela right now but some information suggested that he will be fled to Venezuela any time soon.
Well this rumor still not verified, on the other hand protest in Libya cost many lives of innocent people due to crackdown by Libyan government.
Posted by admin On February - 21 - 2011ADD COMMENTS
Reuters reported on information linked to British Foreign Secretary William Hague that Muammar Gaddafi likely to going Venezuela. This news came up on Monday but noting is clear yet.
During the meeting in Brussels of European Union Foreign Ministers he told reporters that I don’t whether he is in Venezuela right now but some information suggested that he will be fled to Venezuela any time soon.
Well this rumor still not verified, on the other hand protest in Libya cost many lives of innocent people due to crackdown by Libyan government.
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