Appraisal Institute's PAREA receives approval from the Appraiser Qualifications Board

[gregb]

Actually it will allow to be used for certification @sputnam see prior posts.

PAREA

www.appraisalfoundation.org

 

[Bobby Bucks]

All of the concern for people who can't find mentors is amazing considering the blood bath that's going on right now with current residential appraisers. I personally know two who recently left because they were starved out in the past year. And someone posted the numbers in CA earlier this week, numbers are going down faster than the AI is losing residential designations.

There is an ugly side to this business that gets very little attention; it’s the CE instructors who run trainee mills on the model of the Carlton Sheets get rich quick scam. They promise students the moon and charge dearly, all the while knowing their prospects are poor for actually landing a position. I try to politely inform those who call asking for a job how the business actually is and how it works, sometimes they understand, sometimes they are clearly upset. My guess is the instructor supplies them a list of people to call and email and the blame is on that appraiser because they’re not thrilled to have one of their graduates asking for a job. We see threads in here periodically with people seeking employment with no RE experience, just a trainee course. I wonder if any of those instructors have ever been sued by former students. With the PAREA effect there may be even more of this occurring.

 

[Non Sequitur]

Keep in mind that, at least for now, PAREA is designed to get someone from trainee to licensed residential appraiser and the state issuing the license has to adopt it too. PAREA won't take a trainee to certified residential or to certified general.

PAREA has been approved as a path for 100% experience credit for residential certification and full credit for the residential part for the general path. At present not all states will accept PAREA as 100% experience credit, but many have. I expect all states will eventually line up with TAF and accept PAREA as approved, they always do.

 

[Elliott]

Why not be honest? Licensed Residential, Licensed PAREA Residential, Certified Residential, Certified PAREA Residential, Certified General.

The public and lenders would know what they are getting. The State Boards owe it to the public and appraisers.

 

[Dale Floyd]

PAREA

www.appraisalfoundation.org

"The Appraisal Institute announced today that the Appraiser Qualifications Board has provided approval of AI’s Practical Applications of Real Estate Appraisal program for the licensed residential path."

It is odd the AQB only revealed "licensed" as the path they've approved for PAREA.

 

[shrubberyvaluation]

Keep in mind that, at least for now, PAREA is designed to get someone from trainee to licensed residential appraiser and the state issuing the license has to adopt it too. PAREA won't take an trainee to certified residential or to certified general.

Pretty sure you can get 100% certified res in my state with PAREA.

 

[Red Flint]

the appraiser mentality tends to analyze the crap out of everything

It has often been claimed in popular culture that the profane slang term for human bodily waste crap originated with Thomas Crapper because of his association with lavatories. A common version of this story is that American servicemen stationed in England during World War I saw his name on cisterns and used it as army slang, i.e., "I'm going to the crapper".

Thomas Crapper was born in Thorne, West Riding of Yorkshire, in 1836. In the 1880s, Prince Albert (later Edward VII) purchased his country seat of Sandringham House in Norfolk and asked Thomas Crapper & Co. to supply the plumbing, including thirty lavatories with cedarwood seats and enclosures, thus giving Crapper his first Royal Warrant. The firm received further warrants from Edward as king and from George V, both as Prince of Wales and as king.

The word crap is actually of Middle English origin and predates its application to bodily waste. Its most likely etymological origin is a combination of two older words: the Dutch krappen (to pluck off, cut off, or separate) and the Old French crappe (siftings, waste or rejected matter, from the medieval Latin crappa). In English, it was used to refer to chaff and also to weeds or other rubbish. Its first recorded application to bodily waste, according to the Oxford English Dictionary, appeared in 1846, 10 years after Crapper was born, under a reference to a crapping ken, or a privy, where ken means a house.

 

[EddieB]

Thanks Sheldon

 

[sputnam]

Actually it will allow to be used for certification @sputnam see prior posts.

Actually... as I stated.... "at least for now"

 

[Essexfenwick]

The more watered down certification is, the greater the value of the SRA and MAI. Like before there was licensing.