Where Do You Think "geographic Competency" Begins And Ends?

[timd354]

I moved from one area of the state to another one year. I started doing appraisal work and called up a number of appraisers to ask them if I could pick their brains from time to time. I studied the MLS, studied the area, etc and the other guys were amazed at how quickly I picked up the nuances of the market. Also when i was at one end of the state I started doing appraisals in Minnesota due to lack of appraisers in that region of Minnesota. It wasn’t that hard to become competent. Now it took me longer when I first started doing the appraisals because I had to do more research etc. So getting competency for an experienced appraiser is not a terribly long process IMHO.

The responses to this post are going to be interesting.

 

[Eli]

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[Eli]

I moved from one area of the state to another one year. I started doing appraisal work and called up a number of appraisers to ask them if I could pick their brains from time to time. I studied the MLS, studied the area, etc and the other guys were amazed at how quickly I picked up the nuances of the market. Also when i was at one end of the state I started doing appraisals in Minnesota due to lack of appraisers in that region of Minnesota. It wasn’t that hard to become competent. Now it took me longer when I first started doing the appraisals because I had to do more research etc. So getting competency for an experienced appraiser is not a terribly long process IMHO.

You have to be licensed in many jurisdictions I like you. Don’t spoil my opinion of you.

 

[Deleted member 128537]

You have to be licensed in many jurisdictions I like you. Don’t spoil my opinion of you.

Use to have license in Minnesota because I lived 10 miles from border. Not anymore. Since moved to the other side of State.

 

[Eli]

Even in my jurisdiction, if I could spend much more time, I could be much more credible and reliable. For people that should be in jail? Lol

 

[Eli]

I am seeing more and more appraisals handed to me by realtors and homeowners by very reputable appraisers.

That tells me appraisers are shifting their target market.

 

[djd09]

I don't deny the fact that I used to practice law and no longer do, so your post is not germane to anything regarding appraisals.

No. You know what i'm talking about. How's CRN?

 

[Joe Flacco]

Whatever a state board decides about the question I posed, it will apply to all appraisals, not just hybrids. So, a state board might render a decision about some “out of state rogue hybrid appraiser” and not think about how such a decision might apply equally to a traditional appraiser who simply finds himself/herself working in a new subdivision. That simple question is actually a minefield, IMO.

How much money is at stake with the expansion of hybrid and bifuricated products? It's gotta be in the billions annually right?

 

[J Grant]

I moved from one area of the state to another one year. I started doing appraisal work and called up a number of appraisers to ask them if I could pick their brains from time to time. I studied the MLS, studied the area, etc and the other guys were amazed at how quickly I picked up the nuances of the market. Also when i was at one end of the state I started doing appraisals in Minnesota due to lack of appraisers in that region of Minnesota. It wasn’t that hard to become competent. Now it took me longer when I first started doing the appraisals because I had to do more research etc. So getting competency for an experienced appraiser is not a terribly long process IMHO.

That makes sense. You spent intensive time/effort to learn an area and progressed quickly (several weeks, several months? and you were immersing yourself after having having moved there ( moved from one area of the state to another), rather than dropping in for one assignment.

This thread toward the end started talking about the kind of appraising it is headed for on the business end (, bifurcated appraisals/ desktops) since it is unrealistic for lender clients/AMC's to send appraisers great distances to personally inspect properties especially as most of them already have local appraisers in these areas.

Why would fast paced lender client send me 5 hours north to do one regular house appraisal in St Augustine FL when I know zip about the area and they have local appraisers there?

 

[Joe Flacco]

CLGX and BKI in a battle for domination. CLGX currently 50% more in annual sales but BKI growing more than twice as fast as CLGX. I wonder how some of the other large AMC's stack up.