AQB Proposed Changes

[Riick]

The AQB has little purpose in life, so they keep stirring the pot,
gives them something -not much, but something- to do and "earn their keep".
Too bad for us that someone didn't give them nice 'No Show' jobs.

 

[JasonRStandridge]

I got this response from them when I asked...

The AQB did not adopt the Third Exposure Draft of Changes to the Real Property Appraiser Qualification Criteria. They are currently discussing how they would like to move forward and also considering if/when they will be releasing another exposure draft with proposed changes for public comment.

 

[Elliott]

Last I saw they wanted "Temporary Appraisers" because of the appraisal shortage.

 

[Digger88]

a friggin realtor can sell the whitehouse the day they get their license yet we have mountains of obstacles to overcome. so stupid. a four year degree in surfing studies has ZERO impact on becoming a competent appraiser. get rid of the 4 year requirement and just make more real estate classes mandatory to get certified.

 

[ChasingRabbits]

AQB Update on Proposed Changes to the Real Property Appraiser Qualification Criteria
posted in Appraiser News |
For the last two years, the Appraiser Qualifications Board (AQB) has been examining potential changes to the Real Property Appraiser Qualification Criteria (Criteria).

To solicit feedback from its stakeholders, the AQB issued a Concept Paper, Discussion Draft, three Exposure Drafts, held a public hearing, an online briefing, and several public meetings over the last two years. The number of responses for each publication has far exceeded comments received on past drafts issued by the AQB. The AQB had hoped that consensus would start to build among the proposed requirements, which include: changes to the college degree requirement, revisions to Guide Note 4 (GN-4) and the development of modules in lieu of field experience, and revisions to experience requirements.

The only consensus at this time seems to be a lack of consensus. Comments from the Third Exposure Draft, which can be downloaded here, ranged widely:

• 43% of respondents did not address Section 1 (Licensed Residential and Certified Residential College-Level Education Requirements) of the draft. Of those that did respond, 58% were opposed to the proposals.
• 53% of respondents did not address Section 2 (Practical Applications of Real Estate Appraisal). Of those who responded, 55% were opposed to the proposals.
• 65% of respondents did not address Section 3 (Experience Requirements), and of those that did, 58% were opposed to the proposals.

Common feedback the Board has received includes:

• The current requirements should remain in place
• There is a shortage of appraisers because of the current AQB requirements
• There is no shortage of appraisers – it’s a matter of economics
• Not enough Trainees are entering the profession
• Trainees are having difficulty finding a supervisor
• Licensed Residential appraisers are unable to find work and are unable to move up to Certified Residential because of the requirement to have a bachelor’s degree

The AQB’s primary responsibility when setting qualifications is to protect the public trust. With this in mind, and based on the feedback received, the AQB has decided on the following course of action:

• Appoint a Focus Group to solicit input as to whether any Criteria change is needed, and if so, in what areas and to what extent is appropriate
• Survey state regulators regarding potential reciprocity issues if the Criteria is revised

The Board next meets publicly in Minneapolis, Minnesota on September 8

https://appraiserincome.com/2017/07...al-property-appraiser-qualification-criteria/

 

[JTip]

I don't know what's worse..... A kid with a 4 year degree needing food and money to pay their student loans for a bachelors that they are obviously not pursuing a job in or an out-of-work real estate professional living on their credit cards since the bubble burst.

I think the shelf life would be shorter on the college grad when they realize that the appraisal fees/trainee cut barely pays for the romin noodles and gas for comp photos.

+1 4-year degree!!!!!! Crush supply and increase demand, raise those fees boys and girls.....

 

[Deleted member 128537]

I was asked by a real estate agent if I could train his son and daughter in-law since we have a shortage looming in our county. I said it would only make sense when my fees are averaging about 600 per appraisal. I might be able to figure out a way for them to get experience, but it would take a long time to get that certified residential license because of the way things are structured in the lending industry (such as no trainees can do inspections). I figure at $600 per appraisal I can make some money and they can make some money. Then there is the problem of course of hiring someone. Suddenly the paperwork for employee SS, Unemployment Insurance, etc starts looming in. It's just too much of a headache unless they are given "independent contractor" status. But I don't see how that would really work either.

 

[JasonRStandridge]

So, I'm almost done with appraisal school. I reached out to 4 different firms in Las Vegas, to see if they take on apprentice/trainees. They responded with "no"... And "only if you have experience"... So I just paid $900 for Real Estate Appraisal School, and can't do anything with the certification. So, I can't get the required experience until I have experience?... Precious.

 

[Meandering]

So, I'm almost done with appraisal school. I reached out to 4 different firms in Las Vegas, to see if they take on apprentice/trainees. They responded with "no"... And "only if you have experience"... So I just paid $900 for Real Estate Appraisal School, and can't do anything with the certification. So, I can't get the required experience until I have experience?... Precious.

Sorry that happened to you, but don't give up hope.

The Appraisal Expo is coming to Vegas. Attend it and hand out flyers you are looking for a mentor to train you, now that you have your classes complete.

All the screaming the "sponsor" companies have been doing about an appraiser shortage, they're sure to have a way to get you experience hours.

 

[leasedfee]

So, I'm almost done with appraisal school. I reached out to 4 different firms in Las Vegas, to see if they take on apprentice/trainees. They responded with "no".

Jason,
The dirty secret about trade schools, across many fields, is that it has nothing to do with the economics of that particular industry. Be it trucking or typing schools. Many appraisers get their start through nepotism just like the guilds of yesteryear. Others start through assessor's offices (which you should consider). You have to be in a strong market or be persistent and network in non-ordinary ways. Of course, there are firms that hire through conventional means. In my prior firm, I'd have a posting at my alma mater's college of real estate. Can't say that any of them stuck around very long. If you get a BA in finance or an MBA, the tendency is to not want to aspire to be an appraiser. You need to be willing to relocate, work for an assessor for a few years, network network network, or just be darn persistent. Intern for free as a research gopher or for a few months with a broker. Hint: don't email a resume and think that'll work. That is the lowest common denominator. There is an emotional element in hiring someone. Going in person with resume in hand has always always beaten mailing it, and email has made job rejections that much less personal. If you get to know him or her, like them, then you can't help but want to send opportunities their way or make an exception to policy. Buying someone you respect lunch for an "information interview" (i.e., not a job interview) can be a great way to be known and not faceless.