Appraiser trainee Maryland

[Wayne Henry]

I am looking to supervise a trainee, I have not supervised since the new rules took place and wanted to make sure I am doing everything correctly as to not cause the individual any problems. I know they should not be signing the reports and I used to use the following statement in the addendum to give them credit.
Appraiser Trainee authorization :
Please note that XXXX is an appraiser for XXXX and has assisted Certified Appraiser XXXX in the completion of this appraisal report.

any advice would be appreciated.

 

[Mike Kennedy]

Significant Appraisal Assistance -Updated July 27, 2012

http://www.dllr.state.md.us/license/reahi/reahisigappasst.shtml

 

[smackodu]

I am looking to supervise a trainee, I have not supervised since the new rules took place and wanted to make sure I am doing everything correctly as to not cause the individual any problems. I know they should not be signing the reports and I used to use the following statement in the addendum to give them credit.
Appraiser Trainee authorization :
Please note that XXXX is an appraiser for XXXX and has assisted Certified Appraiser XXXX in the completion of this appraisal report.

any advice would be appreciated.

Hey Wayne, There is a difference between a licensed appraiser and a trainee. My advice is not to hire anyone. It sounds to me like you are looking for a runner/bird dog. I don't know of any lender accepting trainees inspecting a property by themselves. I know of very few lenders who are accepting work from anyone who is not certified unless the certified inspects the property.

In one breath you claim appraisal fees you state appraisers fees are going up because of an appraiser shortage. In the next breath you want to bring more appraisers into the business to drive down fees. Which way do you want it?

 

[Wayne Henry]

Hey Wayne, There is a difference between a licensed appraiser and a trainee. My advice is not to hire anyone. It sounds to me like you are looking for a runner/bird dog. I don't know of any lender accepting trainees inspecting a property by themselves. I know of very few lenders who are accepting work from anyone who is not certified unless the certified inspects the property.

In one breath you claim appraisal fees you state appraisers fees are going up because of an appraiser shortage. In the next breath you want to bring more appraisers into the business to drive down fees. Which way do you want it?

If they keep making it harder for us to expand as a profession ultimately it will hurt us all, keep that in mind. It is easier to phase out the few rather than the many. We have strength in numbers. I am over work, under paid and it seems to be getting worse due to the lack of Certified appraisers in our area. Guess what they will do when there's not enough appraisers.

 

[smackodu]

If they keep making it harder for us to expand as a profession ultimately it will hurt us all, keep that in mind. It is easier to phase out the few rather than the many. We have strength in numbers. I am over work, under paid and it seems to be getting worse due to the lack of Certified appraisers in our area. Guess what they will do when there's not enough appraisers.

BS Wayne. Who is spreading that garbage? Is it the AMCs who can't survive unless the least experience and desperate appraisers accept their low fees? Seriously Wayne. Where are you getting that fiction from? Is it the same instructors who preach the good intentions of the HVCC? Please answer my questions. I would love to know who is spreading the manure. If you are overworked and underpaid raise you fees now. I am turning down work as well so you are not alone.

 

[Wayne Henry]

Contraction

BS Wayne. Who is spreading that garbage? Is it the AMCs who can't survive unless the least experience and desperate appraisers accept their low fees? Seriously Wayne. Where are you getting that fiction from? Is it the same instructors who preach the good intentions of the HVCC? Please answer my questions. I would love to know who is spreading the manure. If you are overworked and underpaid raise you fees now. I am turning down work as well so you are not alone.

No one is spreading this, it just makes sense. Over the last two decades the more regulations that come down the less people are interested in appraising. The apprentice I am working with now said there were only 10 people in his class compared to when I visited classes in the early decade there were 20 to 30 people. The industry is an aging one and if you do not have new blood coming into the industry it just makes sense. I do not need to hear this from anyone if our industry is not thriving with new blood it will contract. If it contracts too much how hard would it from the mortgage lobbyist to pressure Congress to allow AVM's or Zillow market estimates. Keep in mind this industry seems to have a short term memory which appears to get depleted every decade or so. If you do not feel this is the case then I respect your opinion but I have a different foresight.

 

[TJSum]

Replacing us has much more to do with the advances in technology than the number of appraisers serving any potential market. As technology improves, they will do more and more valuations without us. Thinking of flooding the market with appraisers to save our role is very narrowsighted as it ignores what is happening with technology. In the meantime, it all boils down to supply and demand. The more appraisers chasing the same work orders, the lower the fees, and vice versa, it is elementary supply and demand, something any appraiser should understand. To train appraisers to compete against yourself in the future, is very short sighted, as it might help you to earn more money now at the expense of future earnings. Once technology takes over, as it surely will, there still will be a need for appraisers to do the hard assignments, but it could be 10% of the work that is available now, so why create more competition for those few jobs?

 

[stangtime]

TJ and Smackodu are on point. One other note, Wayne - make sure that you've had your CR for at least five years or you are not permitted to train.

Dan

 

[Wayne Henry]

TJ and Smackodu are on point. One other note, Wayne - make sure that you've had your CR for at least five years or you are not permitted to train.

Dan

I am good to go thank you for your concern.

 

[Wayne Henry]

Replacing us has much more to do with the advances in technology than the number of appraisers serving any potential market. As technology improves, they will do more and more valuations without us. Thinking of flooding the market with appraisers to save our role is very narrowsighted as it ignores what is happening with technology. In the meantime, it all boils down to supply and demand. The more appraisers chasing the same work orders, the lower the fees, and vice versa, it is elementary supply and demand, something any appraiser should understand. To train appraisers to compete against yourself in the future, is very short sighted, as it might help you to earn more money now at the expense of future earnings. Once technology takes over, as it surely will, there still will be a need for appraisers to do the hard assignments, but it could be 10% of the work that is available now, so why create more competition for those few jobs?

I am speechless on this one..it is amazing how some people think in this world.