AQB Proposed Changes

[Howard Klahr]

I reached out to 4 different firms in Las Vegas

You might want to make a slightly greater effort before you choose to throw in the towel ...

 

[Deleted member 128537]

I had a difficult time as well before I got my license. The person I worked under was a real estate broker (owne real estate company) and said he'd do it only if I got my real estate license and sold real estate. Thus back to school for 2 weeks and I became an agent. It actually worked out quite well, because every CMA I did a USPAP compliant appraisal. I got my hours faster. Plus I actually was quite good at selling and made a better living.

You might consider doing something similar.
1). Selling real estate gives you great insight into the market.
2). It gives you a great opportunity to do full appraisals. Do other agents CMA's by doing appraisals for them. It counts as experience and frankly you find out how to value property. You could do this even if you aren't a real estate agent.
3). Be willing to relocate; especially to rural areas. We could use another appraiser in my county. We are so behind and overworked that most of us are going crazy. All the appraisers seem to want to work the urban and suburban market. But I'm telling you the real opportunities are in rural markets. You might do less apprasals in a year, but the fees are significantly higher. I'm charging on average 500 per appraisal and easily command 650 to 750 on many. Plus you will have plenty of work on the private side.
4). Not all rural markets are in the boondocks as well. Look for recreational markets that have lots of second homes. The number of year round residential owners are fewer, but the number of homes is large. That means work; estates, divorces, etc as well as bank work.

 

[Whtwhale]

During a state regulatory meeting a member of the appraisal foundation stated that if changes are be adopted they would be rolled out in May of 2018. The next AQB meeting (Sept 2017) will outline what those changes will be.

 

[CenterTim85]

Anyone know what the latest, if any, changes the AQB is proposing?

 

[DWiley]

Anyone know what the latest, if any, changes the AQB is proposing?

At the recent meetings in DC the AQB indicated that we could expect an AQB exposure draft within the next few weeks. They discussed many changes, including a path that would allow one without a degree to obtain a certification by first becoming licensed and working for a certain number of years as a licensed appraiser

 

[hastalavista]

At the recent meetings in DC the AQB indicated that we could expect an AQB exposure draft within the next few weeks. They discussed many changes, including a path that would allow one without a degree to obtain a certification by first becoming licensed and working for a certain number of years as a licensed appraiser

Danny-

Is there any history of linking a new AQB standard to the 2-year USPAP update?
Or, for a change like this (unrelated to the USPAP) there is no link; they can make the change whenever the vetting/exposure period ends.

Looking at the big picture, if they were to introduce a change, it seems there will be some period (a year? Maybe two?) to let it seep through the state regulatory system.

 

[DWiley]

Danny-

Is there any history of linking a new AQB standard to the 2-year USPAP update?
Or, for a change like this (unrelated to the USPAP) there is no link; they can make the change whenever the vetting/exposure period ends.

Looking at the big picture, if they were to introduce a change, it seems there will be some period (a year? Maybe two?) to let it seep through the state regulatory system.

There is no link between AQB timing and ASB timing.

When AQB adopts changes they usually do not become effective for a few years years (two or three). If they were to adopt something early in 2018, I would not expect them to take effect until 2020 or 2021. The lag is necessary to allow time for state legislatures to meet and actually change applicable laws. Some state legislatures only meet every other year.

Having said that, if the AQB adopted something that was "less" than current requirements, that could be implemented faster (because "more" would require new laws for a state to be in AQB compliance but "less" would not). Make sense?

 

[hastalavista]

Make sense?

Yes- thanks!

 

[Riick]

including a path that would allow one without a degree to obtain a certification by first becoming licensed and working for a certain number of years as a licensed appraiser

Back to the Future! .... Back to the Apprentice system, one more time.

• "The more things change, the more they stay the same" - Some Old White Frenchman
• "Things are more like they are now than they ever were before." - Dwight D. Eisenhower

 

[DWiley]

Back to the Future! .... Back to the Apprentice system, one more time

Not necessarily They have been having some interesting discussions about that very topic. I think they may be realizing that just because they may have been credentialed under the current "indentured servitude" system, that does not necessarily mean such a system is ideal.