Experience Requirements Doubled with Rule Change

[Michael S]

I was perusing the rule changes a few weeks ago when I came across this new clause. Basically If I spend 50 hours on an appraisal it now only counts as 25 towards my 3,000 hours. Apparently all of my hours before 8/31/10 are grandfathered in (about 1,000) however going forward I'll need another 4,000 hours instead of 2,000 for my general certification. Here's an email I received back when I asked for clarification on this. I'll probably still have enough hours by the time I hit the 2 and a half year mark but it's still frustrating to have the rules changed in the middle of the game.

Hi Michael,

Any work done under your supervisor before 8/31/2010 will count as full credit anything after that will count as half.
Roberta Perea
Administrative Assistant
New Mexico Real Estate Appraisers Board

16.62.1.12 SUPERVISING APPRAISER/TRAINEE:
A. Supervision of trainees: ......

B. Trainee. All trainees shall perform all real estate appraisal and related activities under the immediate, active, and personal supervision of a certified real estate appraiser. All appraisal reports must be signed by the trainees declared supervisor. By signing the appraisal report, the certified appraiser accepts responsibility with the trainee for the content of and conclusions of the report. A trainee may assist in the performance of real estate appraisals provided the trainee:
(1) maintains a log on a form prescribed by the board that includes, but is not limited to, each appraisal performed by the trainee, the type of the property appraised, type of appraisal performed, complete street address of the subject property, the date the report was signed, the number of hours claimed, the name of the supervisor for that appraisal, the supervisor’s certificate number, and whether the supervisor accompanied the trainee on the inspection of the subject; the log must show all appraisals and related activities performed by the trainee and must be updated and signed by the supervisor at least every 30 days; a trainee can only receive credit for half of the hours claimed within the performed appraisal.
(2) must attend a supervisor/trainee education program approved by the appraisal board either before supervision begins or within 90 days after such supervision begins; if the trainee does not take the class within 90 days after supervision begins, the trainee shall not receive appraisal experience credit for appraisals performed until the class is taken;
(3) must assure that the supervisor has properly completed and sent the declaration form to the appraisal board on or before the day the trainee begins assisting the supervising appraiser;
(4) trainees shall not receive appraisal experience credit for appraisal and related activities performed in violation of Subsection B of 16.62.1.12 NMAC.
[16.62.1.12 NMAC - N, 06/13/08; A, 10/16/2009; A, 08/21/2010]

 

[Michael S]

A little update. My supervisor went to the new mandatory renewal class recently and they said there that if the trainee signs the report they can claim full credit for all of their hours, if they don't sign only half credit. Unfortunately my company has a policy against allowing trainees to sign reports so I'm looking at at least an extra year before I can get certified.

Sure is nice of them to change the rules in the middle of the game.

 

[Lobo Fan]

I think if you check into it, trainees must sign any report for which they had a substabtial contribution. For example if you performed the inspection, researched the comps, took all the photos, completed the report and arrived at an opinion of value then your signature should be on the report. Your problem is more with the lenders. Many will not accept a report signed by an apprentice.

 

[Pilgrum]

I didn't think trainees were allowed to sign the report.
They aren't in Nevada.

 

[Michigan CG]

Anyone who has only 3,000 or 4,000 hours of experience for a CG license knows only enough to be dangerous. I would suggest you don't try to rush into that certification.

 

[Charley Horse]

… three/four thousand hours of experience, if not competent instruction, may certainly not be near as good as one thousand hours of experience under a qualified mentor. This trainee/mentor/hours of experience system is ridiculous; just because an appraiser is certified doesn’t mean they are qualified to teach. I have seen work from both CR/CG’s that I would not consider as competent as what some “trainees” are capable of doing.

Until we (CERTIFY) those mentoring the next generation of our Profession are COMPETENT to teach, the whole trainee/mentoring process lacks integrity IMO. There are still a good number of bad appraisers out there teaching newbies to be bad appraisers and we are perpetuating the problems of our past as a Profession.

 

[Metamorphic]

A little update. My supervisor went to the new mandatory renewal class recently and they said there that if the trainee signs the report they can claim full credit for all of their hours, if they don't sign only half credit. Unfortunately my company has a policy against allowing trainees to sign reports so I'm looking at at least an extra year before I can get certified.

Sure is nice of them to change the rules in the middle of the game.

Does the law say where and how you have to sign?

If not I would go ahead and create my own addendum page. Put together a set of certifications, maybe some mumbo jumbo about what exactly you did, what kind of oversight you had (kind of a trainee's version of a SOW), I'd also put in a note that this trainee certification is required by the state and that this certification is intended to comply with the state's requirement that the trainee sign, then put a signature block at the bottom of the page.

I'm betting that most of the clients wont notice and those that do wont care. And as long as the state is not explicit in that they want you signing on the same page as the CertGen you should be state compliant too.

 

[Metamorphic]

Anyone who has only 3,000 or 4,000 hours of experience for a CG license knows only enough to be dangerous. I would suggest you don't try to rush into that certification.

You can just as easily make the argument that a lot of the most important cant be learned until you're working without a net.

Kind of like raising kids really; sometimes you just have to let them burn themselves on the stove.

 

[BRCJR]

Anyone who has only 3,000 or 4,000 hours of experience for a CG license knows only enough to be dangerous. I would suggest you don't try to rush into that certification.

May depend upon their education and background.

 

[Michael S]

… three/four thousand hours of experience, if not competent instruction, may certainly not be near as good as one thousand hours of experience under a qualified mentor. This trainee/mentor/hours of experience system is ridiculous; just because an appraiser is certified doesn’t mean they are qualified to teach. I have seen work from both CR/CG’s that I would not consider as competent as what some “trainees” are capable of doing.

Until we (CERTIFY) those mentoring the next generation of our Profession are COMPETENT to teach, the whole trainee/mentoring process lacks integrity IMO. There are still a good number of bad appraisers out there teaching newbies to be bad appraisers and we are perpetuating the problems of our past as a Profession.

My first mentor did teach me some but I realized pretty soon that they were not producing the quality of reports that I hope to. Nothing blatantly wrong but certainly cutting corners to increase production. I've since moved on to another mentor who I feel much more confident in. I've only seen reports from one other appraiser in my market that I feel are superior in quality to the ones my mentor is producing. I've seen quite a few that were much worse quality.