AI Connect

[Non Sequitur]

I would prefer some better informed folks step instead, as the original drafters of USPAP language made some serious errors based, almost certainly, upon their own perception that licensing would create that nebulous "public trust"; improve the profession; and, put us on a monetary glide path to riches....That last sentiment was frequently touted based upon us having not only a more important role in finance, but upon the premise that by weeding out the weak sisters among us, we would create a sort of artificial shortage. That did not work out did it? And egos being egos, I cannot imagine those old heads wanting to make major modification because it implies they screwed up to begin with.

I strongly agree with your egos point, I'm just hoping better heads prevail. And for the first time in a long time there's at least some pushing back against the near constant adding of regulations.

 

[Meandering]

An open bid system invites appraisers to bid on things they know nothing about. And I see it certainly in the RIMS customers I fired who were sending me offers to bid that were 50 miles away and might be from a strip mall to an undeveloped lakeside subdivision - two properties that I explicitly said I did not do in my RIMS profile. Further, I was limited to a single county apparently and RIMS offers and "upgrade" so you can buy into multiple counties.


The inverse could and should be equally true. If I am training someone to be a mineral appraiser, I should concentrate upon teaching them about minerals. We need more specialists. That C Store appraiser may need a trainee too. But the trainee needs to understand that they are working directly for a CG license and that they are going to be a niche player. If they want to expand into residential work, then they need to mentor those experiences under someone else.

All 4 of the mentors that I had were CG. My first inspection was a chicken farm, and I tagged along on 3 of them in the first six weeks, I also did 4 plexes, SFR, and executive homes under the direction of those mentors. I had an excellent relationship with 3 of those mentors and I survived the other. I would think the well rounded trainee would not want all their eggs in one basket. They should train under multiple experts and get different perspectives about the way appraisers work.

There is nothing wrong with specialties in appraising. With some things, specialties would be preferred, such as what you do. I won't appraise a commercial chicken farm unless it's H&BU was for something else. Like mall or housing subdivision, or big box retail. A turkey farm where I grew up is now a strip mall. A convenience store with a pony track that had ponies hitched to walkers for the kids to ride, is now a convenience store with really nice grass.

But just like the neurologist, and pathologist, who have a rounded education in their FIELD, and not a pinpoint education only in their specialty, appraisers either have to limit all their work to there specialty, or like you, be well rounded within the entire realm of appraising theory, problem solving, and regulations. That way we don't have subdivision appraisers freak out when they find a basement or an actual finished attic, or commercial appraisers that avoid retail nursery properties because they don't know how to account for the outdoor retail space that is seasonally impacted.


In utopia this would be great:

I would think the well rounded trainee would not want all their eggs in one basket. They should train under multiple experts and get different perspectives about the way appraisers work.

But trainees struggle to find just one mentor under current regulation. Maybe it was different in the old days, I wasn't there.


.

 

[Terrel L. Shields]

Trust me that not all of them have the PUBLIC'S best interest at heart

The public, for its part, would just as soon the others just butt out of their lives. They could not give a hooie and a half hitch about "trusting" anyone.

 

[Eli]

The public, for its part, would just as soon the others just butt out of their lives. They could not give a hooie and a half hitch about "trusting" anyone.

That may be your experience, but not mine with most of the public I encounter in my every day business.

 

[Stephen J. Vertin MAI]

I would like to welcome all the new people to the forum. Your input is invaluable. If you follow blogs you know I am one of the easiest going here. Always feel free to jump in. New people and their input is very valuable to us all. You do not know how much it is appreciated.

I believe this is the third time I have said this "these are not my words", I am merely paraphrasing a panel on this subject. I can not response to all of the quotes, but I will say I am not a messiah trying to start a movement or a know nothing. I am a simple messenger. Some of the stuff said I agree with others not so much. If I have insulted anyone or any industry please do not take it personally its just the buzz (meaning others input).

Today I was in another continuing education class. About a half hour of this seminar was (also) devoted to the aging of the industry. There are a number of groups very concerned with the issue.

The youngest General Certified Appraiser in Illinois is 31 and the oldest 94 (something was said about down state but I could not hear from where I was sitting). The average trainee is 42 or 43 (not sure on the exact number). About 25 percent of trainees pass the examination to move to the next level of licensing and about +50 percent pass both Residential and General Certification exams moving to these levels. The instructor indicated all of the course work is designed by TAF's subgroups along with the examinations. So why the disconnect between the classes taken and the final examinations given? ICAP sees this as another major problem.

If I got any facts wrong (which is possible) I invites anyone else who attended the ICAP seminar today to chime in. It was the first ICAP event I have ever gone to. I have been a member since their inception but somehow only attend AI classes. It was really a top shelf experience. Not only is their website great so were there courses. If you have not attended an event I recommend the group highly. As a group they are very welcoming.

 

[Terrel L. Shields]

That may be your experience, but not mine with most of the public I encounter in my every day business.

Behind your back they probably call you "Pollyanna"...

 

[factsandtruth]

I would like to welcome all the new people to the forum. Your input is invaluable. If you follow blogs you know I am one of the easiest going here. Always feel free to jump in. New people and their input is very valuable to us all. You do not know how much it is appreciated.

I believe this is the third time I have said this "these are not my words", I am merely paraphrasing a panel on this subject. I can not response to all of the quotes, but I will say I am not a messiah trying to start a movement or a know nothing. I am a simple messenger. Some of the stuff said I agree with others not so much. If I have insulted anyone or any industry please do not take it personally its just the buzz (meaning others input).

Today I was in another continuing education class. About a half hour of this seminar was (also) devoted to the aging of the industry. There are a number of groups very concerned with the issue.

The youngest General Certified Appraiser in Illinois is 31 and the oldest 94 (something was said about down state but I could not hear from where I was sitting). The average trainee is 42 or 43 (not sure on the exact number). About 25 percent of trainees pass the examination to move to the next level of licensing and about +50 percent pass both Residential and General Certification exams moving to these levels. The instructor indicated all of the course work is designed by TAF's subgroups along with the examinations. So why the disconnect between the classes taken and the final examinations given? ICAP sees this as another major problem.

If I got any facts wrong (which is possible) I invites anyone else who attended the ICAP seminar today to chime in. It was the first ICAP event I have ever gone to. I have been a member since their inception but somehow only attend AI classes. It was really a top shelf experience. Not only is their website great so were there courses. If you have not attended an event I recommend the group highly. As a group they are very welcoming.

AMCs need fresh meat bad...

 

[Terrel L. Shields]

AMCs need fresh meat bad...

I think they prefer bad fresh meat...

 

[Non Sequitur]

I would like to welcome all the new people to the forum. Your input is invaluable. If you follow blogs you know I am one of the easiest going here. Always feel free to jump in. New people and their input is very valuable to us all. You do not know how much it is appreciated.

I believe this is the third time I have said this "these are not my words", I am merely paraphrasing a panel on this subject. I can not response to all of the quotes, but I will say I am not a messiah trying to start a movement or a know nothing. I am a simple messenger. Some of the stuff said I agree with others not so much. If I have insulted anyone or any industry please do not take it personally its just the buzz (meaning others input).

Today I was in another continuing education class. About a half hour of this seminar was (also) devoted to the aging of the industry. There are a number of groups very concerned with the issue.

The youngest General Certified Appraiser in Illinois is 31 and the oldest 94 (something was said about down state but I could not hear from where I was sitting). The average trainee is 42 or 43 (not sure on the exact number). About 25 percent of trainees pass the examination to move to the next level of licensing and about +50 percent pass both Residential and General Certification exams moving to these levels. The instructor indicated all of the course work is designed by TAF's subgroups along with the examinations. So why the disconnect between the classes taken and the final examinations given? ICAP sees this as another major problem.

If I got any facts wrong (which is possible) I invites anyone else who attended the ICAP seminar today to chime in. It was the first ICAP event I have ever gone to. I have been a member since their inception but somehow only attend AI classes. It was really a top shelf experience. Not only is their website great so were there courses. If you have not attended an event I recommend the group highly. As a group they are very welcoming.

Stephen thanks for the posts.

IMO the lack of trainees has very little to do with the education requirements. It has more to do with why anyone takes on a trainee.

In the past most trainees were relatives because taking on a trainee has always been a pain in the rear, but this was a good business to be in so if you had to train your competition it may as well be a relative. The truth is, on the residential side at least, this business isn't what it used to be. A recent poll showed only 10% would recommend this business to someone. Ask yourself, who would send their kid to college so she/he could work 60+ hours a week and take a bunch of crap from AMCs while waiting 60-90 days for payment? Lets face it, the quality of life for an appraiser just isn't what it used to be so hardly any appraisers are training their relatives.

The other reason to take on a trainee was when business was good someone had to do the yeoman's work. But now most, heck nearly all clerical work can be farmed out to a typist in India or your appraisal software will fill it out for you. And we don't have to wait in line for photos or spend time down at the court house pulling and verifying sales data anymore. Truth is a trainee's job has been outsourced for the most part.

I don't see any of this changing. The only way to crank up appraiser numbers is to restructure experience requirements, which if you read between the lines of the latest AQB proposal we are on our way to doing that.

 

[Terrel L. Shields]

The only way to crank up appraiser numbers is to restructure experience requirements, which if you read between the lines of the latest AQB proposal we are on our way to do that.

It's flawed but I don't expect whatever comes out of it to not be equally flawed.