PAREA program

[CGinMN]

None of the stakeholders benefit from a well educated workforce of independent appraisers. There are so many ways to improve appraiser education and appraisal quality, things we haven’t tried because as soon as it gets in the way of “fast and cheap” it’s dead on arrival. In light of that all you can do is continue to improve as an individual, continue to get better clients, and diversify.

 

[glenn walker]

PAREA trainers are more qualified than Joe Skippy, but they're not the problem. The PAREA model is the problem, you can't skirt the economics and expect to train someone to be fully licensed for $7000.

I just hired an electrician to do pretty simple work in my house, swapping some outlets and breakers. There were two of them here, a journeyman and an apprentice, and it took them 3 hours. They charged $150/hr per person, so $900 for the labor with $200 in materials. I might need an electrician once every 5 years. This is the cost of owning a home, happy to pay it.

There needs to be a higher bar for appraisers, not lower. More testing, more experience, more supervision by the best qualified among us.

The market's won't pay higher fees so you either lower the bar or shut it down.

It can barely survive it's death by attrition right now and nobody's entering a non growth profession. Not a time to push out the few who would even consider getting in.

 

[alebrewer]

PAREA came about because nobody wanted to train in the past decade due to the crappy AMC fees not enough to make it worth while and pay a trainee a split.

Resistance to taking on trainees began WAY before 'crappy AMC fees'.

 

[Dale Floyd]

There is nothing perfect in the training of an opinion related profession, but PAREA will fail without an emphasis on real-life work with qualified professionals. There is no simulation that can mimic many of the things we see and analyze in the real world as professional appraisers.

In the AI lawsuit, PAREA is mentioned as a big waste of money. That must have been prophetic as the AI doubled their fee for the program.

 

[J Grant]

Resistance to taking on trainees began WAY before 'crappy AMC fees'.

The resistance to taking on trainees existed before the crappy AMC fees, yet mentors still took on trainees. That slowed considerably after AMC fees which were too low for it to be viable and many fee shops closed for the same reason.

 

[alebrewer]

The resistance to taking on trainees existed before the crappy AMC fees, yet mentors still took on trainees. That slowed considerably after AMC fees which were too low for it to be viable and many fee shops closed for the same reason.

you win.

 

[John Hassler]

There is no way someone could convince me that the PAREA trainers aren't exponentially more qualified to train the new generation than is some bozo who managed to not get in trouble for 3 years. I've no doubt there may be a better system than PAREA, but for the past several decades we've been teaching folks to pass a test - not teaching them how to appraise.

One would hope that’s true for PAREA Mentors, and it probable is but not because of the AQB. Here are the AQB’s minimum requirements to act as a mentor to a PAREA participant:


“Ensure Mentors meet or exceed the following qualifications:
a. Mentors shall be state-certified appraisers and in “good standing” for a period of at least three (3) years
prior to being eligible to become a Mentor; and
b. Mentors shall not have been subject to any disciplinary action, within any jurisdiction, within the last three
(3) years that affected the Mentor’s legal eligibility to engage in appraisal practice, or to act as a Supervisory
Appraiser. A Mentor subject to a disciplinary action would be considered to be in “good standing” three (3)
years after the successful completion/termination of the imposed sanction.”

 

[John Hassler]

The resistance to taking on trainees existed before the crappy AMC fees, yet mentors still took on trainees. That slowed considerably after AMC fees which were too low for it to be viable and many fee shops closed for the same reason.

The crappy AMC fee definitely played a roll.

What was more significant was that a fee shop could not effectively optimize staff. Orders are sent to a specific appraiser, not to the office. This makes clustering orders difficult if not impossible. Nor can individual skills be optimized if, say, one staffer is a wiz at 2-4 but the AMC-assigned staffer is not.

AMC crushed small fee shops, and small fee shops were the incubators of trainees.

 

[Elliott]

I wonder what the difference is between the teachings of PAREA mentor and a regular mentor when it comes to the subject of surviving in the appraisal business.