Resolution Trust Corporation: Better Qualified Review Appraisers Needed

Resource Information

The work Resolution Trust Corporation: Better Qualified Review Appraisers Needed represents a distinct intellectual or artistic creation found in Boston University Libraries. This resource is a combination of several types including: Work, Language Material, Books.

Label

Resolution Trust Corporation: Better Qualified Review Appraisers Needed

Contributor

• GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV

Subject

• Accounting
• Accuracy
• Advisory activities
• Directories
• Economics and Cost Analysis
• Education
• Finance
• Foundations(structures)
• Housing(dwellings)
• Job analysis
• Jobs
• Personnel
• Personnel Management and Labor Relations
• Personnel management
• Qualifications
• Ratings
• Structural Engineering and Building Technology
• Test and evaluation

Language

eng

Summary

The General Accounting Office's goal was to determine whether RTC had qualified review appraisers to meet its highly complex real estate valuation needs. To do this, we developed composite assessment criteria, determined the education and experience of RTC's review appraisers, compared these factors to the criteria, and identified those individuals that did not appear to meet the assessment criteria based on their level of education and experience, both general and appraisal-related. We also contacted over 30 private sector appraisers to solicit their views on RTC's appraisal practices. To help us develop the criteria and evaluate review appraisers' qualifications, we used an appraisal consultant. In developing our composite criteria, we considered the Appraisal Foundation's and Office of Personnel Management's published qualification criteria. We discussed with eight agencies the criteria they use for hiring appraisers. We also discussed our composite criteria with several senior RTC review appraisers, who generally concurred with the criteria. Our consultant's assessments included an overall ranking, as well as detailed rankings for education, general experience, and appraisal experience. We assessed the qualifications of 51 review appraisers listed in RTC's July 1, 1991, National Directory of Review Appraisal Staff. These individuals were assigned to consolidated field offices and RTC headquarters. We used their job applications to get data on education level and extent of work experience. We independently assessed the accuracy of some information given in job applications. For example, we contacted the Appraisal Institute to verify statements that the appraiser was a member or had a professional designation

Cataloging source

DTICE

Index

no index present

Literary form

non fiction