Upcoming Changes To Real Property Appraiser Qualifications

[J Grant]

There are still states that do not require architects or attornies to obtain a college require degree to become licensed. That's just a couple of the top professions. Surveyors were just recently required to have a college degree. Not alot of time right now but I can provide many many other examples if need be.

Fine! Let them excel in those fields in those states! What does any of this have to do with appraising? If college is the new entry bar to appraising, and someone wants it badly enough, they'll go to college. If not, they won't. Same as with any other field where college is the entry bar.

How would an unambitious clueless person pass the bar exam or state architecture exam? Why would they even try if the were unambitous? Also I certainly believe that anyone that has the brain capacity to create some of things you mentioned would not have many problems learning to appraise if they so choose.

I don't get the point of the last paragraph...maybe I am dense lol.

 

[Kyle77]

Sorry I do not get your argument as to why the college degree is being imposed. You contradict yourself. You say that it appeals mostly to a group of low IQ individuals. Then you say that a college degree should be required? I am sorry, I may be dense lol. Your argument seems to imply that you wish to shut out competition. Surely you are not afraid that a few low IQ individuals might move in on you?

 

[Kyle77]

THE CASE AGAINST MEDICAL LICENSING
by Lawrence Wilson, MD
© December 2009, The Center for Development

Licensing practitioners to protect the public and hold practitioners accountable is often taken for granted. Having received medical training and practiced as an unlicensed physician for 22 years, I have come to appreciate another perspective.

Nobel prize-winning economist Milton Friedman wrote:
"... I am persuaded that licensure has reduced both the quantity and quality of medical practice...It has reduced the opportunities for people to become physicians, it has forced the public to pay more for less satisfactory service, and it has retarded technological development...I conclude that licensure should be eliminated as a requirement for the practice of medicine."(1)

Nobel Prize-winning economist George J. Stigler of the University of Chicago wrote:
"As a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit".(2)

Lori B. Andrews, Professor of Law and Norman and Edna Freehling Scholar, Chicago-Kent College of Law, wrote:
"Licensing has served to channel the development of health care services by granting an exclusive privilege and high status to practitioners relying on a particular approach to health care, a disease-oriented intrusive approach rather than a preventive approach....By granting a monopoly to a particular approach to health care, the licensing laws may serve to assure an ineffective health care system."(3)

This refers to licensing and not the college degree requirements but goes hand in hand and I'm out of time at the moment.

That is all for now as I have some of that non inventive low IQ work to take care of.

 

[The Warrior Monk]

David W, in reply to a recent thread where you state, more or less, that I should not wish for Fannie & Freddie to be abolished as the would surely be my doom because I would not be able to compete. Well bad news. Seeing as how 95% of my work, give or take, is from local clients that lend their own money I do not believe I will lose any sleep over the matter.

You're mixing up the anecdote with the general population again. If you're experience is so wonderful, why not encourage others to only get their licensed credential and become appraisers?

Most of the work for those holding the licensed credential is coming from GSEs. It's going to be a major problem for most...not every, single, last one....if GSEs were phased out. FRTs tend to expect more than minimum credentials for appraisal qualifications.

What is stopping them from using the local CGs 100% of the time now?

Fees. Commercial fees tend to be higher, so CGs will do the commercial work first.

Also, something you didn't grasp in the last thread is where I stated, " What would American architecture be like if there wasn't a non degreed architect named Frank Loyd Wright?" You replied something along the lines of, he was the exception and no the rule or the usual something or another. Yes, this is true, in the current environment of the govt licensing monopoly but the question still remains, what would American architecture be like if a few govt bureaucrats decided that he couldn't practice his craft?

This is an excellent point to be made here. Buddha reputedly said:

The only thing that is constant is change.

We have plenty of FLW inspired homes in my market area, such as those by Norman Jaffe, Frank Neutra, etc. A great many have been, and are continuing to be, bulldozed. What was important in the past is not necessarily important in the present or future.

Times always change, and adaptation must take place for survival. Appraising is no different. You're free to choose whatever path you wish. I personally have found adaptation more useful that complaining and resistance.

 

[Terrel L. Shields]

Licensing as as much to do with qualification as bullfighting has to do with the Dept. of Agriculture...not that the USDA has not inserted itself into all sorts of endevours that it shouldn't.

I recall a man who owned a small wildlife refuge and he had to be inspected by the USDA. The inspector wrote him up for not having any shelters for his prairie dogs (which were in an enclosed pasture in their burrows.)

 

[J Grant]

People can debate both sides of this and make persuasive arguments , both for and against degrees, for and against licensing etc. The discussion has drifted far from appraising and into medicine and anything else anyone cares to bring up.

What can one say...you want to live in a place where there is little education, no required education, small government with little or no oversight, such as no FDA inspecting food and water, etc...try Haiti, any nations of the African continent, il, or any other third world nation. Get back to us how well things are working in those countries.

 

[Mr Rex]

Perhaps we should have ACORN signing up and pre-qualifying appraisers.

 

[Appraisal Time]

Depends on the individual. That 18 year old with a HS diploma might have been an excellent student and have a work history that indicates reliability, responsibility, and longevity in the work he has done up to that point. On the other hand that 22 year old with a college degree might have partied on their parents dime and somehow managed to just barely earn enough credits to grab that piece of paper and run. They might not have ever held a job or been asked to use their mind in any significant way. You can still graduate college with a D+ average.

I'd rather have a straight A HS grad than a slacker college grad who fumbled and stumbled his way to a degree using his parents money and majoring in keg funnels.

And I completely Agree with you. I was going to say the same thing until I saw you had said it. I know tons of people who barely got their degree by stumbling through college and are dumb as a box of rocks. Half of them can't tell you what classes they took and some can't even remembered what they studied when they were in college, Majors or Minors. So this notion that there will be a better grade of applicants who will become appraisers just because they have a college degree is idiotic. Thats the same thinking that the world and colleges want people to believe. So many people fall into the trap sold by colleges that someone with a degree is better that someone without one. Just completely a ridiculous stereotype.

 

[Delta85]

Sure they will. They just won't be working for management companies, and a larger percentage will be getting a CG credential.

Where will they work if not with AMC? If there is this wide open field of non AMC work why are the majority of appraisers working NOW, many with 5, 10, 15 years or more experience taking those jobs and shunning AMC work?

And I don't see a rush to CG either. Once that side of the biz gets flooded with too many looking for work you will see the same competition results that you see on the CR side. Fees will drop, TAT will drop, etc. Do you think a person will sit through 4 years of college and the time and effort it takes to become a CG and then not earn money? They will make what they can unless they can move into something else. But after spending all that time and money they'll be very hesitant to move out. It will be a nightmare.

 

[J Grant]

Delta, If appraising is so unappealing a field in either res or commercial, then very few people will become appraisers, which is better than tons of HS grads being recruited by AMC's for their training program, in the hopes of undercutting even the modest fees/salaries the AMC's are paying now.

I don't think the commercial side will be "flooded" with appraisers, but I believe that by the time new people are coming into the field, the low pay and lack of options in having only a res license will be well known (which wasnt' the case when most of us started out), thererore, the majority of those who do become appraisers will seek the cert gen license.