No College Degree for Cert Generals or Residential Appraisers

[sputnam]

Do nothing but appraisal reviews for a year. You'll think that the qualifications and requirements for becoming an appraiser should be increased.

 

[Essexfenwick]

This should get interesting. Thanks TAF. For nothing.

Gonna need an SRA or MAI to separate from the gaggle. It's similar to before licensing when you needed an SRA to sign off.

 

[chad hampton]

Do nothing but appraisal reviews for a year. You'll think that the qualifications and requirements for becoming an appraiser should be increased.

Thank coupled with the fact that you get what you pay for in life and business, and you get what you got.

Strengthen the requirements and pay a real fee and you’ll be surprised with the results.

Snake oil salesmen’s will come up with every solution known to man, except one that will work.

 

[cdanj]

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).

I like to respond to each statement instead of picking on one and ignoring the others. I'm going to do this like I respond to QC requests.

"Kock blocking"- Assistant managers at McDonalds get their degree to move up in the company, I would like my profession to be filled with people at least as good as Management Trainees at Enterprise Rent A Car(yes, the kid who rents you a car at Enterprise has a degree). . And also yes, I got my degree, you should get yours.

"How does a $100k degree" As far as "$100k", an online degree is between $40,000 and $60,000. As I said above, Management Trainees at Enterprise Rent A Car. An associates in Real Estate would cost half of that.
"degree in underwater anthropology of autistic gay jellyfish a..." Well, You could also get a degree in Real Estate, Finance, Engineering, philosophy, business management (ethics), history, literature, mathematics. It would also help people not say stupid **** like "autistic gay jellyfish"
"If someone can prove they have the skills to do they work" Getting a degree, any degree, isn't always about the content you learned. One of the things you do in college is write papers/reports, lots of papers and get graded on them. One becomes an effective communicator on paper, a critical thinker and a problem solver. No, spell check doesn't fix this. These are skills an appraiser needs and doing 2000 hours as a staff appraiser trainee at Bottom of the Barrel AMC is not going to produce quality appraiser's who are motivated to make a reasonable and customary fee.

"Are some appraisers here that desperate and greedy ("**** you I got mine" attitude)?" No it's not greed, but yes, I got mine, they should get theirs. Requiring a degree to achieve higher levels of certification keeps our professional standards at least as high as Enterprise Rent A Car.

Now here is the above in a paragraph. Yes, this is a little pretentious, but to prove my point about writing a cohesive well written statement of facts with conclusions. I start with a statement, I prove my point and bring it back full circle at the end.
It's not about "Kock blocking." Assistant managers at McDonalds get an online degree for $40,000 to become manager. Getting a degree, any degree, isn't always about the content learned, it's about the process of learning, studying analyzing, and reporting. One could get a useful degree in Real Estate, Finance, Engineering, philosophy, business management (ethics), history, literature, mathematics. Frankly, It would also help people not say stupid **** like "autistic gay jellyfish" One of the things done in college is write papers/reports, lots of papers which are scrutinized, making you an effective and efficient communicator on paper, a critical thinker, and a problem solver. These are skills an appraiser needs and doing 2000 hours as a staff appraiser trainee at "Bottom of the Barrel AMC" is not going to produce quality appraiser's who are motivated to make a reasonable and customary fee. Therefore, I do believe that just higher levels of appraiser certification should require a degree, either a bachelor's of any type or an associates degree in real estate, architecture, structural engineering, or even something like civil engineering. I would like my profession to have standards at least as high as Enterprise Rent A Cart.

 

[Non Sequitur]

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).

Yep. The only way this industry becomes attractive again is if TAF, the GSEs, the insta-toot, etc. focus on the gorilla in the room: Compensation.

But we all know that won't happen. Our industry is turning into a churn and burn field like car sales and real estate sales, and that only benefits course providers and REVAA members.

 

[Zoe]

Yep. The only way this industry becomes attractive again is if TAF, the GSEs, the insta-toot, etc. focus on the gorilla in the room: Compensation.

But we all know that won't happen. Our industry is turning into a churn and burn field like car sales and real estate sales, and that only benefits course providers and REVAA members.

Hey, don't you insult my girlfriend, Joan.

 

[alebrewer]

This is not true, libertarian thought is against government licensing but not professional accreditation and private barriers of entry that industries decide to standardize on.

Grab your AI tool and ask it if Libertarians support barriers to entry. Based on your response above, you will be surprised at what it tells you.

 

[J Grant]

I

Now here is the above in a paragraph.
It's not about "Kock blocking." Assistant managers at McDonalds get an online degree for $40,000 to become manager. Getting a degree, any degree, isn't always about the content learned, it's about the process of learning, studying analyzing, and reporting. One could get a useful degree in Real Estate, Finance, Engineering, philosophy, business management (ethics), history, literature, mathematics. Frankly, It would also help people not say stupid **** like "autistic gay jellyfish" One of the things done in college is write papers/reports, lots of papers which are scrutinized, making you an effective and efficient communicator on paper, a critical thinker, and a problem solver. These are skills an appraiser needs and doing 2000 hours as a staff appraiser trainee at "Bottom of the Barrel AMC" is not going to produce quality appraiser's who are motivated to make a reasonable and customary fee. Therefore, I do believe that just higher levels of appraiser certification should require a degree, either a bachelor's of any type or an associates degree in real estate. I would like my profession to have standards at least as high as McDonalds management.

Great post! And this ( the development of reasoning, problem solving, concentration) is what a degree imparts and is why the military requires officers to have a college degree - and law enforcement higher ranks require a degree, and why medicine wants a college degree BEFORE med school or law school - vs just taking many medical courses right out of HS.

The people who scorn degrees and educated people as not having common sense are making an inane argument. Common sense is present in those with degrees and those without degrees. Pursuing college is available to anyone so those who resent more educated people have no excuse. There are high earners and low earners among people with degrees and those without, and some brilliant people who never got a degree. And then there are many low-paid folks without a degree living paycheck to paycheck. A degree is about the education itself and not just a means to earning of course.

A professional setting a degree barrier to entry at least provides a level playing field for people demonstrating they can complete the years of coursework. Plenty of college dropouts prove not everyone can do it and the nonsense about a degree in basket weaving is more of the same resentment.

The appraisal field is being neutered out of value on the residential lending side and it began the day they dropped the college degree requirement. Commercial retained the degree requirement and was better off for it—end of story. The lowest common denominator won the day. Now they can enjoy being kicked to the curb as yet another low barrier is broken and people who need no appraisal license can do PDC collections for $75. Once the direction is down, there is little hope of reversal back up., This is unfortunate because the mortgage lending side of residential with each loan worth hundreds of thousands of dollars, underpins our economy, with people's wealth in equity and stability, especially working people, being anchored to their homes.

 

[Zoe]

Great post! And this ( the development of reasoning, problem solving, concentration) is what a degree imparts and is why the military requires officers to have a college degree - and law enforcement higher ranks require a degree, and why medicine wants a college degree BEFORE med school or law school - vs just taking many medical courses right out of HS.

The people who scorn degrees and educated people as not having common sense are making an inane argument. Common sense is present in those with degrees and those without degrees. Pursuing college is available to anyone so those who resent more educated people have no excuse. There are high earners and low earners among people with degrees and those without, and some brilliant people who never got a degree. And then there are many low-paid folks without a degree living paycheck to paycheck. A degree is about the education itself and not just a means to earning of course.

A professional setting a degree barrier to entry at least provides a level playing field for people demonstrating they can complete the years of coursework. Plenty of college dropouts prove not everyone can do it and the nonsense about a degree in basket weaving is more of the same resentment.

The appraisal field is being neutered out of value on the residential lending side and it began the day they dropped the college degree requirement. Commercial retained the degree requirement and was better off for it—end of story. The lowest common denominator won the day. Now they can enjoy being kicked to the curb as yet another low barrier is broken and people who need no appraisal license can do PDC collections for $75. Once the direction is down, there is little hope of reversal back up., This is unfortunate because the mortgage lending side of residential with each loan worth hundreds of thousands of dollars, underpins our economy, with people's wealth in equity and stability, especially working people, being anchored to their homes.

Yeah, I think Memphis police department gives like a $15k signing bonus and if you have a college degree, the signing bonus goes way up. If you don't have a college degree, they will help you get it and then you get another bonus for just signing on.

 

[J Grant]

Yeah, I think Memphis police department gives like a $15k signing bonus and if you have a college degree, the signing bonus goes way up.

They want the reasoning and perspective the humanities courses in a degree impart, NOT just more police tactical training.