4 Year Degree Requirement For Cert Appraisers

[Digger88]

does anyone think that will go away anytime in the next few years? my son has problems in typical school settings and i just dont see him doing well in college but he'd make a good appraiser as he has shown interest and come with me on a number of inspections and he said hed like to be an appraiser. hell just 3 appraisals a week is 70k! alternately ive only seen 1 company accept licensed appraisers and that was urban lending or red something (us bank's AMC) but they have probably changed by now anyway.

 

[miktay]

hell just 3 appraisals a week is 70k! .

Yes - at $450 a pop. But that fee probably isn't an accurate expectation for most newly licensed appraisers.

 

[Elliott]

The new AQB standard is about one year of college credit, 1500 hours of residential experience, and you are a Cert Res. I'm imagine the AMCs are gearing up as we speak to flood the market with $250 appraisers.

 

[Digger88]

The new AQB standard is about one year of college credit, 1500 hours of residential experience, and you are a Cert Res. I'm imagine the AMCs are gearing up as we speak to flood the market with $250 appraisers.

really??? so they are ditching the bachelors degree requirement?

edit: just saw the video and yes they are looking to probably fix the 4 year degree requirement, nice!

 

[Digger88]

Yes - at $450 a pop. But that fee probably isn't an accurate expectation for most newly licensed appraisers.

my clients pay 450 on up with some nipping me an AP fee but yea i hear ya. every place in different. i only have 4 clients but theyre solid so i think i should be able to get him on a list or two then in 5 years the VA panel.

 

[Mr Rex]

Residential was Associate Degree. General required Bachelors. They are watering that down.

 

[Howard Klahr]

typical school settings

Have you looked at alternative school settings? There are an abundance of options out there for degrees from accredited institutions.

 

[TXTea]

does anyone think that will go away anytime in the next few years?

I hear they're going to water it down. I am firmly against any relaxing of education requirements. This is a profession that requires a fundamental understanding of several major disciplines including economics, geometry and statistics, and a strong command of the English language. I just don't see how people can acquire these skills outside of a formal education. When I review appraisals, there is a clear and definite difference in the quality of analysis between a licensed and certified appraiser. The education requirement also serves as a useful and valuable barrier to entry for our industry.

Regarding your son, I would push him towards success. Have him start slow and easy in a junior college setting for a couple of years then wrap it up at a university. He'll thank you later. And we'll thank you for it too should he decide to become an appraiser.

Appraisers should respect the profession and reject any and all attempts at watering down the education requirements.

 

[BRCJR]

I hear they're going to water it down. I am firmly against any relaxing of education requirements. This is a profession that requires a fundamental understanding of several major disciplines including economics, geometry and statistics, and a strong command of the English language. I just don't see how people can acquire these skills outside of a formal education. When I review appraisals, there is a clear and definite difference in the quality of analysis between a licensed and certified appraiser. The education requirement also serves as a useful and valuable barrier to entry for our industry.

Regarding your son, I would push him towards success. Have him start slow and easy in a junior college setting for a couple of years then wrap it up at a university. He'll thank you later. And we'll thank you for it too should he decide to become an appraiser.

Appraisers should respect the profession and reject any and all attempts at watering down the education requirements.

So are you assuming all the licensed folks have no degree and all certified do?

 

[TXTea]

So are you assuming all the licensed folks have no degree and all certified do?

I didn't mean to sound insulting. But it is what it is.