Appraising in two States

[SierraMV]

I am not sure you are understanding what "reciprocity" means in the world of appraiser credentials.

If MT has reciprocity with MA, that does NOT mean that one can appraiser in MT using the credential from MA. What it means is that the appraiser with the MA credential can get a credential in MT without having to take tests.

"Montana offers appraisal license reciprocity, allowing licensed or certified appraisers from other states to obtain a Montana license without retesting, provided they meet specific requirements."

Yes, I understand that. I have already spoken to MA about getting my license renewed. It is not a problem as long as I can show appropriate CE hours. I spend a few months a year in MA, and I grew up there. It is just no longer my year-round residence.

 

[SierraMV]

How many appraisers are you aware of that do appraisals in many States without becoming competent in your experience?

Can I hold a license in Montana and do a desktop from Tennessee? I am not competent without knowing the subject.

I am competent in the market area; it is a very small niche market, and I grew up there. I visit for a few months a year; I just no longer live there year-round.

 

[Zoe]

I am competent in the market area; it is a very small niche market, and I grew up there. I visit for a few months a year; I just no longer live there year-round.

I have no doubt you are competent from a license standpoint. You could be competent from a license standpoint in Memphis metropolitan area, but the area is so heterogenous from a market standpoint and constantly changing...

I was referring more to people doing like desktops or hybrids in areas where they don't even know the market, much less the subject property.

I was saying I don't know Nashville market on single family very well or Knoxville area single family very well. It would be hard for me to do many appraisals in Tennessee alone from a competent standpoint without much work.

Let me finish how real estate market is very dynamic and constantly changing. It is not the same tomorrow as today.

 

[SierraMV]

Unless you used another appraiser and you both signed. The person doing the inspections has little to loss if they get careless, or lazy. Then you lose both your licenses.
I had 2 states licenses for a while before certification, my younger foolish days.

Since a personal inspection is not necessarily required to produce creditable results in an appraisal assignment. As long as the help was disclosed, I don't know why this would be a problem. These aren't for bank assignments. I would not be completing any Fannie Mae/Mac assignments. These would mostly be for personal use (estate planning or a current market value) or the IRS.

 

[Zoe]

From a heterogenous market standpoint, Memphis metropolitan market is way more heterogenous than Nashville or Knoxville not to mention all the rural areas in Tennessee.

 

[Zoe]

Since a personal inspection is not necessarily required to produce creditable results in an appraisal assignment. As long as the help was disclosed, I don't know why this would be a problem. These aren't for bank assignments. I would not be completing any Fannie Mae/Mac assignments. These would mostly be for personal use (estate planning or a current market value) or the IRS.

Your brave.

 

[KHS445]

I am competent in the market area; it is a very small niche market, and I grew up there. I visit for a few months a year; I just no longer live there year-round.

Sounds like a workable plan as long as you’re properly licensed, which it sounds like you are. The only caveat I would offer is to make sure your client understands that you will not be physically inspecting the subject, but due to your knowledge and expertise in the particular market you believe you possess adequate market knowledge.

 

[JTip]

Years ago when money was pouring in, I pondered on getting my Hawaii CR as PA had reciprocity with our 50th state.

I thought it would look nice on my desk, bragging that I'm certified in Hawaii, and for only $350ish ever couple of years, I could amass a decade of certification competency without getting jet lag.

 

[Terrel L. Shields]

My main concern is the inspection aspect of not living in that State.

Reciprocity in my state still means A- I have to buy their license and, B - I have to be competent to do the job.

It's a SOW issue regarding whether I inspect or not. FNMA or other conventional conforming loans? You need to inspection. Conventional non-conforming loans are dependent upon the lender's standards. Private appraisals, likewise, that's between you and the client. Nothing in USPAP requires an inspection you simply have to declare whether or not you did inspect personally.

 

[SierraMV]

Reciprocity in my state still means A- I have to buy their license and, B - I have to be competent to do the job.

It's a SOW issue regarding whether I inspect or not. FNMA or other conventional conforming loans? You need to inspection. Conventional non-conforming loans are dependent upon the lender's standards. Private appraisals, likewise, that's between you and the client. Nothing in USPAP requires an inspection you simply have to declare whether or not you did inspect personally.

None of it would be lender work, for obvious reasons. It would be for estate appraisals, DOD, etc. Competency is not an issue.