Why would an Appraiser even hire a Trainee?

[eladl]

Seems like the licensing path is pretty convoluted. I have to convince someone else to spend a bunch of time and energy into advancing my career.

I guess I'll have to hunt down that one principled appraiser (or person for that matter) in Las Vegas who actually cares about passing the torch, etc.

Any insights ?

 

[Tim The Enchanter]

actually cares about passing the torch, etc.

Even if that is true, it would cost me money. Not make me money.
But I am a 1 man res only band. Not gonna do it.
Look for a general appraiser to work under.

 

[Joe Flacco]

The problem with trainees is their main goal is being self employed. I'd rather hire some kids out of college looking for a job and get them certified.

 

[Joe Flacco]

www.myrocketcareer.com/amrocktrainee


Here you go bud. These guys hiring fully remote trainees. You can get your hours. Go for it.

 

[Terrel L. Shields]

The sad truth is above it right, it costs the appraiser money. The worst is that the supervisor takes on far more liability than the trainee. Here is how that works. Say after a few months the super decides the trainee is good enough to inspect by themselves, do Page 1 correctly, and muddle thru page 2 semi-adequately. So they don't review the work as thoroughly as they COULD (not necessarily as thoroughly as they SHOULD)...

The trainee decides they are not making a lot and starts seeking short cuts. So the client asks for a cost approach. The trainee decides that they know "about" what the replacement cost is say... $143.15...just PFA (pulled from a...ir) and they think the lot ought to be worth say $75,000. But they don't really search the land values and just make up some numbers for "support". And they make a stab at the effective age...making sure that any shortfall is covered by "site improvements" so that the Cost App is semi-close but not exactly the same as the sale price. Super glances over the numbers and they seem "reasonable."

Then a reviewer comes along and actually checks those land sales. Can't find them in the public record so hunts up the closest land sales and learns that the most recent lot sales were $100,000, $129,000 and $114,000... so he digs deeper and using the referenced "cost book" finds the RCN way off. So looks closely at the comps and find they are not real close and there are more sales closer. The report goes to the board. What happens?

The board calls in both the super and the trainee who agrees his work was sloppy. He/she gets a hand slap. Probation and take a couple basic classes (which likely count for CE at least.) The supervisor? They get their license ****canned, they are banned from supervising anyone, have to take the full 2 day USPAP course over, and are fined $1,000 plus investigator costs of $2,300. They are on probation for six months and have to submit a monthly log and samples as demanded. Now your next bill for E & O is doubled. You will never testify in court without being reminded of the infraction, and you have to truthfully tell any would be AMC client, if they ask, if you have been sanctioned. That nailed at least 2 former forumites in Oklahoma.

There is no up side for the supervisor.

 

[George Hatch]

Seems like the licensing path is pretty convoluted. I have to convince someone else to spend a bunch of time and energy into advancing my career.

I guess I'll have to hunt down that one principled appraiser (or person for that matter) in Las Vegas who actually cares about passing the torch, etc.

Any insights ?

The licensing path is the same it always has been since the inception of 1992. The main difference for an Licensed Residential level license in Nevada is the qualifying education includes 40 more hours of QE coursework.

 

[Tim The Enchanter]

The licensing has never been the hard part.
Getting through the door and finding a super has always been the hard part.

 

[eladl]

The licensing path is the same it always has been since the inception of 1992. The main difference for an Licensed Residential level license in Nevada is the qualifying education includes 40 more hours of QE coursework.

The coursework was not a problem, it's pretty straightforward. I'm specifically commenting on the internship process. The Supervisor-Trainee course and the replies from you all make it pretty clear that this is just a big hassle for the supervisor. In Nevada I wouldn't even be able to do an inspection on my own for the first 50 properties I work on. It's just strange to me that the continuity of the whole appraisal profession relies on individuals taking it upon themselves to train new people when it's clearly not in their own best interest.

In Nevada I'm not considered licensed until I get my Licensed\Certified\General, until then I am only a "Registered" Intern with a registration card and no license.

www.myrocketcareer.com/amrocktrainee


Here you go bud. These guys hiring fully remote trainees. You can get your hours. Go for it.

Thanks!! I'll check it out!

 

[friendlyeddie]

Be forewared Amrock is pretty terrible, I don't know how they have a training program but if its knowledge you seek I would have grave concerns.

 

[Joe Flacco]

The coursework was not a problem, it's pretty straightforward. I'm specifically commenting on the internship process. The Supervisor-Trainee course and the replies from you all make it pretty clear that this is just a big hassle for the supervisor. In Nevada I wouldn't even be able to do an inspection on my own for the first 50 properties I work on. It's just strange to me that the continuity of the whole appraisal profession relies on individuals taking it upon themselves to train new people when it's clearly not in their own best interest.

In Nevada I'm not considered licensed until I get my Licensed\Certified\General, until then I am only a "Registered" Intern with a registration card and no license.

Thanks!! I'll check it out!

It's a big hassle now because the business has changed. It wasn't always the case that a new licensed or certified appraiser could sign up with AMC and be flooded with work. It wasn't that long ago when a large percentage of appraisers worked in a appraisal company.

It's pretty insane that the AMCs are willing to use brand new licensed appraisers if you ask me.