Performance appraisals are probably the most misused and abused management tool in history. When asked, the majority of human resource managers will swear blind that it is their most important device for reviewing members of the team. The reality is that, on the whole, managers, supervisors, and employees hate the thoughts of them and they rarely get done. Human resource professionals spend a lot of time whipping people into doing them, while managers look for a variety of reasons to delay the process.The reason for this is that it’s often an uncomfortable practice to carry out, Read more
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New Appraisal System Impacts Consumer
Posted by on December 2nd, 2009
The HVCC or Home Valuation Code of Conduct was recently implemented by Fannie Mae and Freddie Mac as a new system of appraisals in the U.S. Under the rules, many of the appraisals are handled by management companies (some of which are also owned by the lenders themselves). The system is designed to reduce fraud and lower costs with an improved appraisal. This new system has numerous flaws and has been widely criticized from both the Appraisal Institute (which represents over 20,000 appraisers nationwide), and the National Association of Realtors.Some of the major criticisms Read more