Appraisal Subcommittee Director Quits after First Day

I heard a rumor about this through the appraisal grapevine, but never saw anything substantial to verify it. However, according to the AP, the Appraisal Subcommitee’s new Director, Linda Nessi, quit after her first day on the job.

Government e-mails turned over to the Associated Press last week revealed that the new executive director of the agency charged with regulating real estate appraisers quit hours after the AP exposed widespread problems with the agency on Aug. 18.

It was Linda Nessi’s one and only day on the job at the Appraisal Subcommittee, and she left without warning or explanation, according to the e-mails, which were obtained by the AP after a request under the Freedom of Information Act.

This isn’t really all that surprising. An extensive news investigation is hardly something you want to see your first day on the job.

The agency began a national search for a new director in January after former director Ben Henson retired. By April, three candidates were identified, and in early May that list was narrowed to Nessi. A July 18 e-mail to the Appraisal Subcommittee board said Nessi had accepted the position and would start Aug. 18.

A July 22 letter sent to Nessi from the Appraisal Subcommittee’s acting director Vicki Ledbetter proclaimed: “Welcome Aboard!” It confirmed her Aug. 18 start date.

But on Aug. 19 — the day after she started — Virginia Gibbs, chairwoman of the board that oversees the Appraisal Subcommittee, e-mailed the board saying Nessi “called to inform me that she will not be accepting this position” and that the agency would begin a new search.

Being the Director of the Appraisal Subcommittee is like being a high-school Vice Principle. You get to be the disciplinary authority, and yet you receive no credit when things go well. It’s pretty much a thankless job. That said, someone has to do it. And they should probably just hire someone in-house. It will definitely be interesting to see how this plays out.

Justin Morton
Manager of Appraisal Specialties