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AI can break into NSA classified files within hours. Im pretty sure it can value a house close enough.
Thoughtful statement. CGs willing to train do not want to literally lose money doing it. And most are not willing to train someone who only leaves to go in direct competition with their mentor including (almost invariably) poaching the mentor's long-established clients. I've been approached up to and including this very month to train someone to become a residential appraiser. Sorry. CRs are a dime a dozen. We've lost no less than 3 area CGs. Further, I have to tell them that I don't even use residential software. That is not my schtick. The lack of compensation while saddled with unlimited liability at our own risk, not just for our work but those we mentor, only makes training someone a hair shirt job.
Again, the crust of the biscuit... the crux of the problem is there is no profit for the trainer. About the time they become useful to you, they are suddenly your competition. The only CG I trained had to drive 75 miles one way and he licensed in a state where I didn't. It worked for both of us. I used (Rick would say abused) him, and he got what he wanted... and was a helluva an appraiser. He learned that on his own. The "mentored" hours were a requirement to license and probably helped him gain some experience, but I bet 95% of it he could have done without my help.
99% OF IT plus they are dealing with individual property owners and not banksters and the AMCs they use as a for-profit center.
Engineers (PE) and surveyors, to name a few. They go through a similar tedious logbook and multi-year trainee process.
Huh? What about the attorney profession? Not worthwhile? Software engineers? Teachers (unless you consider student teaching the same as mentorship - which it's not). Accounting? Financial Analysts? You get the point. Look, I'm not saying that the mentorship model itself isn't a strong training model - I'm saying the way they set it up for appraisers is backwards. Look at medicine, or architects. Both fields require mentorship, but in the form of 'on the job training'. You get your degree first - fully equipping you for the mentorship (in other words, you already have the tool set when you start your 'mentorship' - you've already acquired the requisite knowledge to actually do the job). Take physicians for example. After graduating, their 'internship' (or mentorship if you like) is actually a decent salary (if you consider 6 digits a decent salary). That's not the case with appraisers, tho. The way they set it up for appraisers (and to Terrel's point), the trainees aren't prepared to actually provide any valuable service, and there is just no impetus to train - i.e. no benefit to the trainer.