AQB Update On Proposed Changes To Appraiser Qualifications

[Non Sequitur]

It is not about restricting entry or limiting competition. It is about the appraisal profession actually becoming a real profession and something other than a joke in the eyes of the public. It is pretty insane to me that any appraiser thinks we should roll back the college degree requirement.

Don't worry, the degree isn't going anywhere; it's needed for the next phase.

 

[Meandering]

Like drug dealers shaming drug addicts.

We used to initiate a lot of "response" to proposed USPAP changes from this forum.

Unfortunately, so many of those appraisers that used to be here left the industry, unable to compete with lemmings. There's lots of incompetence hiding behind college degrees.

Undeniable fact:

how many appraisers here, still think the Dodd Frank sets the fee for residential lending work, yet have not read, or, did not comprehend; the Dodd Frank, the IFR, the AMC Final Rule and the IAEG?

Even Joan did not know what the penalty was for violating Appraiser Independence, and that’s only been the law for 7 years.

College degrees did not seem to enhance any of that competency.

The lemmings have filled themselves with AMC kool aid for too many years, and never bothered to keep up with the changes in either the USPAP or the laws. Why bother? The AMCs will tell them what’s going on.

Didn’t the MAI USPAP instructor, just the other day, state there is nothing confidential in your work file, so your work file belongs to every client, because you’re never going to find any confidential information in your research anyway. Who cares the Federal Law regarding privacy and Third Parties is referenced in the USPAP definition of competency? The definitions are no longer taught in USPAP classes anyway.

Those of us who do keep up, are sick and tired of arguing with lemmings and their kool aid dispensers.

And obviously, those college degrees aren't enhancing "professionalism" else, if they were, things would be very different if half of the profession was keeping up with changes and the laws.

Proof is in the pudding.

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[TRESinc]

It is not about restricting entry or limiting competition. It is about the appraisal profession actually becoming a real profession and something other than a joke in the eyes of the public. It is pretty insane to me that any appraiser thinks we should roll back the college degree requirement.

so every appraisal completed prior to the degree requirement was a joke then since it wasn't in effect at that time? are service men and women jokes? are electricians jokes? how about commercial pilots or police or fire fighters or air traffic controllers?

 

[Joe Flacco]

so every appraisal completed prior to the degree requirement was a joke then since it wasn't in effect at that time? are service men and women jokes? are electricians jokes? how about commercial pilots or police or fire fighters or air traffic controllers?

Do you see articles about servicemen and electricians with comments sections with the public calling them idiots? Do you see that about pilots, police, fire fighters, or air traffic controllers? We are failing at maintaining public trust. It needs to be fixed and the college degree requirement is the first step.

 

[George Hatch]

The appeal to authority (I deserve your trust because of my job title) doesn't work. I don't respect anyone in the appraisal business on the basis of their title or their designations or whatnot. It's their work and their reasoning and their professionalism that resonate with me.

The appraisal profession's image to the public is based solely on their perceptions of our performance. Period. Nobody on the outside knows or cares what it takes to get an appraisal license, nor should they. Our credibility is built one assignment at a time. Ain't none of us any better or worse than our last assignment.

In terms of extending our remaining economic life our adherence to the ETHICS RULE is significantly more critical than adherence to the COMPETENCY RULE. Stupidity is curable, dishonestly is incurable.

 

[Joe Flacco]

Some appraisers are professionals but a very large percentage are not. A big reason for this is because we had low barriers to entry. You might like to think that public image and credibility is based only on performance but it is not. In the real world, qualifications and even a individuals appearance plays into public image and credibility.

 

[Joe Flacco]

Also, adherence to the competency rule is equally as important as adherence to the ethics rule.

 

[Evincere]

Some appraisers are professionals but a very large percentage are not. A big reason for this is because we had low barriers to entry. You might like to think that public image and credibility is based only on performance but it is not. In the real world, qualifications and even a individuals appearance plays into public image and credibility.

Rubbish.

 

[jay trotta]

GH:
"Before the AQB calls the lack of an academic education a problem, how about we collect the data that would either prove or disprove that assertion? The ASC has access to the states, which in turn know which appraisers they've sanctioned for competency issues. The states also have the initial applications of those appraisers for their licenses that extoll the education levels they had when they were first issued those licenses. Once that info was collected by the states it wouldn't take an administrative clerk with a copy of Excel on their workstation more than a couple days to organize and tally those actions by education level. Then we'd be able to see who has been making the competency errors and what their academic education levels were like."

Agreed, always interesting when "Big Data" is limited to a direction in potential Public Trust, and not used to promote Public Trust. There are no Education qualifications that will eliminate the; Purpose / Knowledge and Experience of Field Work observations.

 

[J Grant]

The first step of the appraisal process is problem identification. I would argue that we have yet to identify a competency-related problem in our profession that having an academic education would mitigate.

The economic reasons for restricting entry into our profession amounts to nothing more than rent-seeking behavior; namely using the state to protect our own selfish interests. There's no virtue in that.

As far as I can tell, neither the AQB nor anyone else has any data that shows a link between post secondary education levels and increased competency in the SFR appraisal business. If these parties have that data they haven't shared it with the rest of us. In lieu of any evidence in support of that assertion I'm curious why so many people are so quick to assume it is a truth that is beyond reproach.

I think the presumption that SFR appraisers need a college degree to do their jobs is way closer to being an unchallenged theory than an unquestionable truth.

There is no way to know this except by requiring a college degree , seeing how the profession does for 20 years on out from there, compared to the past 20 years. Which is not possible to do.

It makes sense for appraisal to look at other professions. Regardless of how competent an individual non college degree appraiser may be, ( that is not the issue) , the fact is professions where a degree is needed to enter has more respect from the public, from clients and users, and self respect among the people in the profession, ultimately. Not all college degree professions pay great (such as teaching or research ) but the fields command some degree of respect both inside and outside the profession.

A college grad appraiser may be incompetent despite field experience, and a non college appraiser may be competent from field experience but generally more education increases the capacity of critical thinking, no matter the major the degree was in.