AQB Update On Proposed Changes To Appraiser Qualifications

[George Hatch]

As I say, I think the supervised experience requirement is critical and shouldn't be diluted for anyone, regardless of training.

 

[Joe Flacco]

That's one plan I've read; a bachelor's degree, a practicum course with a couple of months field training makes a certified appraiser. Sorry if I don't agree, experience has always been what makes an appraiser an appraiser, not a bachelor's in fashion merchandising and a practicum course. Either way, I have zero doubts the practicum path will be approved and in a year or two we'll have a flood of noob residential appraisers pumping out Fannie form widgets.

Yeah. We will see if that happens. A licensing model like that with a national practicum course is going to be a disaster. What that means is that anybody that needs a real appraisal report is going to be ordering from me.

 

[George Hatch]

As I say, I think the supervised experience requirement is critical and shouldn't be diluted for anyone, regardless of training.

If you want to attribute the poor results on res side to something else, that's fine. But clearly a low, or mixed barrier to entry has not worked The college degree on commercial side is not at risk for being rolled back Why aren't you arguing for that to be dropped, or training shortened for ST Gen license? What about all the quality, disadvantaged people being shut out of it?.

I never once said that. I advocate the 2008 alternate path for the CGs, too. The coursework and testing already weeds out the actual idiots. Which is yet another reason I favor a more direct and more relevant approach of increasing the rigors of the QE instruction that will apply equally to all trainees.

 

[Mr Rex]

Yes, substitute 2 years of trainee education as an intern with no pay would work. Give them 2 years college credit if they can pass the Certified exam after 2 years.

 

[Joe Flacco]

As I say, I think the supervised experience requirement is critical and shouldn't be diluted for anyone, regardless of training.

I agree that supervised experience requirement is critical but the problem with the model is that most of the appraisers that have been supervising are terrible. We have not been mentoring. Most supervisors just used trainees as cheap labor. It is only critical when it is real supervised experience. Like trainee works with mentor in the same office. That is not what 99% are doing.

 

[timd354]

most of the appraisers that have been supervising are terrible. We have not been mentoring. Most supervisors just used trainees as cheap labor.

That is exactly the biggest problem with the mentoring system...many trainees are used essentially as indentured servants and a profit center and it seemed to me like some of the most incompetent appraisers in the profession were the ones that always had the most trainees.

 

[George Hatch]

I agree that the weak/corrupt supervisors are and always have been Problem #1. Trainee qualifications cannot touch that problem.

 

[The Warrior Monk]

Here's the problem; those who believed the bachelor's degree requirement would change the world for mortgage origination appraisers never offered anything other than excuses and arguments. So here we are, change will come form those who are offering solutions.

It already is changing the residential side of business, just as predicted, for a plethora of reasons. The hot topic now deals with AMCs complaining about shortages. The supply of cheap labor has been cut off due to the current requirements.

 

[Joe Flacco]

That is exactly the biggest problem with the mentoring system...many trainees are used essentially a indentured servants and a profit center and it seemed to me like some of the most incompetent appraisers in the profession were the ones that always had the most trainees.

Yeah. But then a practicum course instead of experience with the current structure is even worse. You can't just have somebody pass a practicum course and then leave them unsupervised to work at home. That would be a disaster. If a new large local office structure is possible, then you can put a guy like Denis in charge of developing many many appraisers with a mix of education and field experience. In a large local office model, you can have on going in house training throughout appraisers careers.

 

[George Hatch]

You realize the large shop model is exactly what Forsythe does, right?