AQB Update On Proposed Changes To Appraiser Qualifications

[Eli]

It doesn't surprise me considering what has transpired in the change in market structure for 1.

For two, I compare it to other professions.

 

[The Warrior Monk]

And I still maintain that the purpose of licensing requirements is protecting the public from incompetent practice,.

The requirements that were in place a dozen years ago, absolutely, beyond any shadow of a doubt, did not do that.

The two main reasons, IMHO, were that

• the exam was insanely easy...many people taking the earlier test were in and out with a passing grade in under an hour; and
• the experience requirement was insufficient...blast out the minimum number of cookie cutter appraisals and get licensed/certified.

Now we are arguing about the requirements being too excessive.

As far as the public trust goes, we are in a much, much better place. Which scenario do you think is viewed more favorably by public trust:

• A few appraisal courses, minimum experience, and easy exam; or
• More than a few appraisal courses, college degree, minimal experience, and very difficult comprehensive exam?

I think it is in the best interest of the public that we argue from the top down, where we are now, versus from the bottom up, were we were. So, IMHO, your interest in protecting the public trust has been more than met.

 

[Eli]

Whoever heard of fastest and cheapest years ago?

 

[Meandering]

Whoever heard of fastest and cheapest years ago?

Who ever heard that the largest thieves in society already have a college degree, and can lap the uneducated thieves by billions of dollars.

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[Eli]

When the **** hits the fan, there will be some non fastest and cheapest on the witness stand is what I think.

 

[Meandering]

When the **** hits the fan, there will be some non fastest and cheapest on the witness stand is what I think.

I'm waiting on the desktop producers to be called for why the person who inspected the property did not sign the certification, as it was work the appraiser relied on to make their opinion of value. Oh yeah, it's going to be a big fan spreading it on the wall this time.

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[Eli]

Who ever heard that the largest thieves in society already have a college degree, and can lap the uneducated thieves by billions of dollars.

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Well, you know where I stand there. Tbtf was a joke. Small banks should have been able to gobble them up in segments.

 

[Ken Masla]

As far as the public trust goes, we are in a much, much better place. Which scenario do you think is viewed more favorably by public trust:

• A few appraisal courses, minimum experience, and easy exam; or
• More than a few appraisal courses, college degree, minimal experience, and very difficult comprehensive exam?

I think it is in the best interest of the public that we argue from the top down, where we are now, versus from the bottom up, were we were. So, IMHO, your interest in protecting the public trust has been more than met.

Do appraisers have more public trust now? I feel after the last boom, consumers in general are very skeptical of the whole process and system.

The biggest barrier of entry is finding a supervisor and logging hours. They should up the hours significantly and the state boards should review logs more thoroughly, before they make a college degree a hard requirement.

 

[Joe Flacco]

If the purpose of licensing requirements is to protect the public from incompetent practice, then the previous requirements were a epic failure.

 

[George Hatch]

I think 2000 hours is fine so long as they're real. We could consider increasing the number of QE hours, though; and put more attention into research and report writing.

I also think all the states that don't already offer the SL license should consider doing so if/when they run into any shortage problems because IRL an SL appraiser is plenty competent for the easier assignments. I don't believe it's necessary for every SFR appraiser to be competent to appraise every SFR problem regardless of complexity.