Do you foresee the bachelor degree requirement ever going away

[glenn walker]

Nobody goes to college to become appraisers because it doesn't pay well and the career trajectory is not defined. It doesn't pay well because it doesn't require a degree.

It should be exactly the same as accountancy. College degree with related coursework, passing licensing exam, and no experience requirements.

The AMC and it's clients the lenders are paying for a service and they don't care about the appraisers credentials.

Today the SRA won't get you higher
fees in Residential Loan Production.
But Pre licensing, many Banks and Saving and Loans hired the SRA over a non designated appraiser.

Licensing is what hurt the AI and ASA and others so badly.

 

[gregb]

Looking back, both the 4 year degree and the CG have aided the appraisal career. My first and only appraisal company employment probably would not have occurred in 1989 without the 4 year degree, there were several competing with me to get hired by the MAI.

 

[Joe Flacco]

If someone can do it then that proves competency (specifically, their capability). If someone doesn't do it that only proves performance. There are lots of people who don't perform to their capabilities. That doesn't mean they can't perform to their capabilities.

The reason every appraiser has an "SRA story" and/or an "MAI story" or (more commonly) a "GG Story" is not because those particular appraisers in those anecdotes are not adequately educated or qualified or trained, but because day-to-day performance is an arguably separate issue from competency (capability).

IMO

We have had this discussion many times before.

Your whole argument is Desaix became a good appraiser and he didn't have a degree. You are looking at it at an individual person level and not looking at it at the level of the profession. It's just not a serious profession without a degree requirement.

Just the fact that half of the appraisers think appraisal is a trade rather than financial services is absurd.

It should be the same as accounting. Degree which includes about a year of related coursework, licensing exam, an no experience requirements.

 

[Terrel L. Shields]

Only because you didn't do any drugs...

Dope was cheap too...but only a dope head uses drugs and think they can make decent grades.

 

[Terrel L. Shields]

It's just not a serious profession without a degree requirement.

I would not agree although I have a degree. And an anything degree has no real basis for a profession. I know only one person with a real estate and insurance degree from a large university and his brokerage went under. But he went back to school in business management and is very successful in logistics for a large food company. And he didn't need a degree at all for that but it was a selling point to his hiring...his brokers license? Not so much.

 

[Joe Flacco]

They don't do dope anymore. Now they do stuff like Adderall. Big pharma took over the illegal drug trade.

 

[Joe Flacco]

I would not agree although I have a degree. And an anything degree has no real basis for a profession. I know only one person with a real estate and insurance degree from a large university and his brokerage went under. But he went back to school in business management and is very successful in logistics for a large food company.

That's because you like in Arkansas.

 

[Terrel L. Shields]

That's because you like in Arkansas.

Meaning what?

 

[ucbruin]

Dope was cheap too...but only a dope head uses drugs and think they can make decent grades.

"Decent grades" is relative....
That's why I was only qualified to be an appraiser....
And only of real estate....

 

[WestMichiganCG]

I would think you are living pretty rich if you have to borrow $400k plus to go to college for 4 years, or even 6 years.

I was low-key having a panic attack on his behalf. I don't think he's going to be living rich going forward.