PAREA: Darn the torpedoes / 3 Sheets to the Wind

[alebrewer]

But it's true, our profession (and now arguably a trade considering PAREA) isn't any different in that the test is one and done. And sending fully certified "noobs" out into the world who have never completed a live assignment isn't better equipped, it's a travesty. Trying to spin the facts of what PAREA allows into a possible positive isn't going to help any noob walking across the threshold of their first live assignment handle real world appraising.

Practically speaking, what is the difference between a 'live' assignment, and a 'practice' assignment? Just the interaction with the client? In which case, your argument is void. My demo report for my SRA was a 'practice' assignment....

 

[glenn walker]

I started in about 1983 at 24 years old part time while I was a Realtor . I did weekends under a older guy and was given a cheat sheet of what adjustments to make and off I went. I believe he did two inspections with me. IN 1985 I worked as a Bear Cub Part time at the Lincoln Savings later seized by the Fed's but same thing no training a handbook with what adjustments to make and what boxes to never check as no. Licensing came in 1993 era and I got one. This was and may still be a business with no real training for most unless they had the ambition to get it on their own.

Therefore almost-anything has to be better than the system many of us were trained under. P.S- The MAIs at Savings & Loan were like many here they considered us to be "noobs"s and they has no interest in training us. They would openly say that we were just form filling fools and not real appraisers . I guess thats why I get angry when people talk about new trainees as being "noobs" it shows why they really think about new people becoming appraisers.

 

[alebrewer]

I started in about 1983 at 24 years old part time while I was a Realtor . I did weekends under a older guy and was given a cheat sheet of what adjustments to make and off I went. I believe he did two inspections with me. IN 1985 I worked as a Bear Cub Part time at the Lincoln Savings later seized by the Fed's but same thing no training a handbook with what adjustments to make and what boxes to never check as no. Licensing came in 1993 era and I got one. This was and may still be a business with no real training for most unless they had the ambition to get it on their own.

Therefore almost-anything has to be better than the system many of us were trained under. P.S- The MAIs at Savings & Loan were like many here they considered us to be "noobs"s and they has no interest in training us. They would openly say that we were just form filling fools and not real appraisers . I guess thats why I get angry when people talk about new trainees as being "noobs" it shows why they really think about new people becoming appraisers.

Couldn't agree more.

 

[Lindseyw]

I’m all for PAREA, but just 3 reports? I’ve looked back at some during my first year and think….wow!! I’m glad I had someone training me because I sucked!! And no geographical knowledge? Hell no, where’s the credibility in that? And BTW, appraisal waivers already make up over 50% of mortgage originations….at least it was until Wells Fargo fired a bunch of lenders. Surprise, surprise….now they wanna quickly train someone with no experience and be mentored by someone not licensed in their state??!!! Lmao, deeper pockets are scoring that moronic twist. I’ve been asked by homeowners if I could train them. Once they hear about the education and experience it takes then it’s an instant game changer to not want to try this field. Surprisingly a lot of people never heated about the Zillow fiasco last year either. With as much as real estate has increased in 1 year…could anyone imagine just having our industry completely automated?? Has anyone actually thought that the reason our profession hasn’t changed much is because real estate doesn’t need to run down the fast lane?? Look at us now….unaffordable homes and Fannie pushing for a 40 year mortgage!!

 

[Non Sequitur]

Practically speaking, what is the difference between a 'live' assignment, and a 'practice' assignment? Just the interaction with the client? In which case, your argument is void. My demo report for my SRA was a 'practice' assignment....

Your SRA is not a state certification. And the demo wasn't completed in a vacuum, you likely had years of real-world experience before you completed it (not to mention a mentor, which again is not required with PAREA). PAREA noobs will not have any real-world experience before they "earn" a state certification and are let loose on the public, I just don't agree with anyone who thinks that's a good idea

 

[alebrewer]

Your SRA is not a state certification. And the demo wasn't completed in a vacuum, you likely had years of real-world experience before you completed it (not to mention a mentor, which again is not required with PAREA). PAREA noobs will not have any real-world experience before they "earn" a state certification and are let loose on the public, I just don't agree with anyone who thinks that's a good idea

Still didn't answer the question...

 

[alebrewer]

It seems to me there are a lot of opinions about the lack of training PAREA appraisers will receive - and I'm yet to see ANY course content from ANY provider. Which begs the question: how do folks not associated with PAREA development know more about what the PAREA training will look like than those who are actually developing the program(s)?

 

[Non Sequitur]

Still didn't answer the question...

Yes I did, your SRA demo wasn't completed in a vacuum, every licensed SRA has mentored live assignment experience before certification.

 

[glenn walker]

Still didn't answer the question...

Thats a real good point

 

[Non Sequitur]

It seems to me there are a lot of opinions about the lack of training PAREA appraisers will receive - and I'm yet to see ANY course content from ANY provider. Which begs the question: how do folks not associated with PAREA development know more about what the PAREA training will look like than those who are actually developing the program(s)?

Because I've read what is now law in my state, and I'm in contact with someone who is developing a course.

But I understand your doubts, here's a video of the father of PAREA demonstrating what he envisions (and take note-not a single mention of an actual live assignment):