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Anyone have or working on their CFA?

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Ad Wizard

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Jan 23, 2008
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Certified General Appraiser
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Virginia
I am thinking about taking this on and am curious if anyone on here has any advice.
 

leelansford

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Mar 29, 2002
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Certified Residential Appraiser
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Illinois
My familiarity with the CFA designation is limited...it was probably 20+ years ago when I first became aware of it. As I recall from that time many years ago, I associated the CFA with those who worked in the insurance industry as "financial planners".

I'm rather uncertain as to how the CFA links with real property appraising.
 

Ad Wizard

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Virginia
I would not think that it would help res. appraisers but commercial it would be very helpful.
 

Terrel L. Shields

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CFA = BS = Fools few people
 

Charles Witt

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Dec 13, 2002
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Certified Residential Appraiser
State
Delaware
Most have to take the first course about three or four times before they pass it! And the $$$ cost is quite high! I have a friend with an MBA and a very good job but he flunked the first course....decided it was too expensive to continue. I think we are talking about he same thing.
 
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Ad Wizard

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Freshman Member
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Virginia
the first and second exams have a passage rate of 40% and the third 50%. It takes about three years.

Why call it BS? Can you give two good reasons?
 

leelansford

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Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
the first and second exams have a passage rate of 40% and the third 50%. It takes about three years.

Why call it BS? Can you give two good reasons?

My guess is that for a Certified General appraiser, wishing to continue working as a CG, there would be a better return on investment via pursuing the MAI designation vs. the CFA.
 

hastalavista

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May 16, 2005
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Certified General Appraiser
State
California
I am thinking about taking this on and am curious if anyone on here has any advice.

I'd say it depends on your client profile.
If you do work for REITs or pension funds, it may be advantageous.

My speculation is that if you only get occasional work from those sources, it may not be a suitable ROI. If you regularly consult or are employed by such clients, then I'd consider it!

Good luck!
 
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