No College Degree for Cert Generals or Residential Appraisers

[djd09]

C. Combining Experience Pathways
The proposed Criteria states how multiple experience pathways may be combined. Applicants
may blend PAREA, Practicum, log-based experience, mass appraisal, and confidential
environment experience, so long as:

'confidential environment experience'...what is that

 

[glenn walker]

Boilerplate, sales that are not comparable, pull from behind adjustments, no explanation when explanation is needed for comparables in alternative competitive neighborhoods, widespread gross sales prices, widespread adjusted range leading to no indication of value, the appraised value that looks like it was chosen from a dart board, reconciliation (most weight given to the sales comparison approach). On and on... I know you've seen these reports.


Exactly.


I was being honest. Yes, it is about the fee...for the AMC's.... why do you think appraisers are driving 50 miles to the subject location? There's plenty of geographically competent appraisers where the subject is.... they just won't work for di*k in the dirt fees.

One has to be a box checker in order to make a profit and it got worse as scope creep kept expanding. I have no idea how a decent profit can be made doing most residential reports and the 3.6 appears to make it even worse. My unsupported opinion is only a high volume bare bone minimum form filler can survive unless he she has a special niche or an area with no competition running a one man fee shop is just buying a minimun wage job or even less than minimum wage.

 

[djd09]

Ah Ha..... so that's it.... the AMC's consulted The Decision Lab. Their structured decision-making support led them to conclude "take the lowest fee" even if a previously hired appraiser it's in route to the subject.

if they are going to consult the decision lab...then why do we need the AQB...i wonder how much they got paid...where is the pyramid dude

 

[Surf Cat]

One has to be a box checker in order to make a profit and it got worse as scope creep kept expanding. I have no idea how a decent profit can be made doing most residential reports and the 3.6 appears to make it even worse. My unsupported opinion is only a high volume bare bone minimum form filler can survive unless he she has a special niche or an area with no competition running a one man fee shop is just buying a minimun wage job or even less than minimum wage.

Hard to argue with that.... super sad.

 

[Mark K]

Some states allow you to sit for the bar exam without going to law school. But the bar exam is a btch.

Should be the same for most any professional license. If you can pass the test, you should get the license.

Appraising is easy; learning the ropes re: secondary markets and the various rules/regs for the GSE's and specific client demands is harder than appraising. And they don't teach that in appraisal school.

 

[Terrel L. Shields]

It was better than HP12C.

Well yes for stat work obviously but I love the HP 12C. In fact, I used the old HP 10C engineering calculator when I was working in the oil patch. I also wrote programs for certain over-pressured formation detection tasks in my profession then on the TI-59 and TI-88 scientific calculators and one was even published in World Oil magazine.

 

[cdanj]

No.

Eliminate all college-course and college-degree requirements for the Certified Residential and Certified General classifications, replacing them with enhanced qualifying-education expectations and a more detailed Examination Content Outline
See page 5 of the Exposure Draft

ShareFile

appraisalfoundation.sharefile.com

Alright forgive my ignorance. Is this a proposal or is it the new rule? Because that sucks! The only thing that's keeping fees from going even lower is how hard it is to get a license. I mean sheeet somebody is accepting multifamilies in my area for $250 and it isn't me. How about instead of making it easier to get a license so dropouts can work for cheap they make the AMCs pay a set percentage of their fee to appraisers? Then more people would want to be appraisers.

 

[Zoe]

Ah Ha..... so that's it.... the AMC's consulted The Decision Lab. Their structured decision-making support led them to conclude "take the lowest fee" even if a previously hired appraiser it's in route to the subject.

Competence and independence are not in the picture. You got it. Fastest and cheapest and lowest fee to professional appraisers is the goal.

We will charge the borrower $2K. You get $200.

If you turn the appraisal in 3 days instead of 4 days, you get $210. You turn it in one day, you get $250.

Complexity? Competency? If you bring up complexity or competency, you get fired.

This is appraisal modernization. Independent? Of course you are independent. Bring that word up again and you lose all your privileges.

You go sit in the corner a while and be a good boy or girl (employee).

 

[cashcatz]

Alright forgive my ignorance. Is this a proposal or is it the new rule? Because that sucks! The only thing that's keeping fees from going even lower is how hard it is to get a license. I mean sheeet somebody is accepting multifamilies in my area for $250 and it isn't me. How about instead of making it easier to get a license so dropouts can work for cheap they make the AMCs pay a set percentage of their fee to appraisers? Then more people would want to be appraisers.

So you are okay kock blocking people from entering the profession with artificial barriers? How does a $100k degree in underwater anthropology of autistic gay jellyfish apply to the appraisal profession? If someone can prove they have the skills to do they work via proper course work, passing appropriate examination, plus getting their hours in - why should they not be able to? Are some appraisers here that desperate and greedy ("**** you I got mine" attitude)? Anyways, even removing the pointless degree requirement - I really doubt we will see a surge of new appraisers. It's just not a sexy industry and takes years to start making money vs some alternatives like programming or plumbing (who hit the ground making bank, also with no degree required).

 

[cdanj]

Competence and independence are not in the picture. You got it. Fastest and cheapest and lowest fee to professional appraisers is the goal.

We will charge the borrower $2K. You get $200.

If you turn the appraisal in 3 days instead of 4 days, you get $210. You turn it in one day, you get $250.

Complexity? Competency? If you bring up complexity or competency, you get fired.

This is appraisal modernization. Independent? Of course you are independent. Bring that word up again and you lose all your privileges.

You go sit in the corner a while and be a good boy or girl (employee).

What's the deal with the word "independent"?
Am I not allowed to use it?