AQB's latest dumbing down by 'Stakeholders' Dropping the College Degree Requirement

[djd09]

hold on....the cheap and fast are going to read my comments

 

[Francois K. Gregoire]

light shines in darkness...and darkness cannot comprehend it...do you know fall?

Peace to you and yours. Take up English. Learn composition, punctuation, capitalization.

 

[Surf Cat]

Don't worry Robot Dude..... I know you're a member of Super Secret Seal Team 6. Francois doesn't....

 

[sputnam]

You make a good case for strengthening the education requirements and more hands-on real world work with a qualified supervisor. All things that are currently on the table to have less of, not more of.

In my earlier days, I wondered why through all the classes I took there was never a class that walked step-by-step through the process, from the inspection to completing a URAR line by line.

the closest thing I ever saw was in North Carolina, the appraisal field inspection was part of the class. They took everyone and they measured it and walked through it. I have no idea if that’s still part of the curriculum or not.

It's not a required part of the curriculum. You luckily got a teacher who thought that was important and had a way to do it.

 

[Non Sequitur]

It's not a required part of the curriculum. You luckily got a teacher who thought that was important and had a way to do it.

Same here. One of those "less than" educators went above and beyond and invited my class over to his house for a field day. We walked through everything, and I'm not sure if he planned it but deferred maintenance and external obsolescence were present. My QE from a local provider was great, and like any class (even AI classes) you get out what you put in.

 

[Joe Flacco]

I took my QE at the community college in 2004-2005. There were probably 100 people in the class. It was packed.

 

[Terrel L. Shields]

QE classes in the early 90s typically had 40-80 folks in them and often the school I went to had to shift from the classroom of the owner of the school (which held about 30) to an auditorium at a nearby Vo-Tech.

 

[chad hampton]

In Central Florida in 2002 I must’ve had 200 people in my class. Standing room only, had to bring in more chairs and sit up against the wall. I got there early every day for a seat at the table.

God help us if rates drop and there’s ever a refi boom again. If you could cut a check to AI, watch a couple YouTube videos, and in a few months walk away with a certification, we will be flooded with people who have no idea what they’re doing. Wild West.

 

[J Grant]

In Central Florida in 2002 I must’ve had 200 people in my class. Standing room only, had to bring in more chairs and sit up against the wall. I got there early every day for a seat at the table.

God help us if rates drop and there’s ever a refi boom again. If you could cut a check to AI, watch a couple YouTube videos, and in a few months walk away with a certification, we will be flooded with people who have no idea what they’re doing. Wild West.

We will never be flooded with people. The RE sales agents tend to gain faster than we do - 3 weeks or so of class, taking a test, and becoming instant RE agent. Even with PAREA, it takes over a year , or up to two years ? to get licensed as an appraiser. Unless a person is living under a rock, an online search brings up message boards about how terrible the fees and future prospects are on the res mortgage end ( with some exceptions, of course ). Even the worst AMC clients usually want some experience in the field before assigning an order so most newbies will have a rough time of it . If they are able to snag a low fee order from an AMC they are welcome to it.

An interest rate cut IMO will be moderate, and while it will increase sales and refinances to keep the current active appraiser busier than we are now, the presence of Waivers displacing 1529% of orders and then any push for hybrids will, going forward, reduce the volume of orders even in a busy cycle. People used to get a res license with teh expectation of making a decent living, what is the incentive now ?

 

[DWiley]

The requirement to have a college degree is a barrier to entry into the field of appraisal. Honestly, all licensing/certification requirements present some sort of barrier to entry.

The question that the AQB has been asked to address, and the question they have presented for public comment is, is the degree requirement truly a necessary requirement? Some, on both sides, have a very set position. It is fair to say that even among those who currently hold credentials there is not a super-majority position.

For those who have strong opinions, I encourage you to reply to the AQB, and to state a rational (fact supported, if possible) reason for your position.

Remember that there is no actual proposal on the table yet. There is no Exposure Draft - there is only a Concept Paper, which is a research tool used to create a possible Exposure Draft. As I said before, this is the time to express your opinion, regardless of how much weight you think your opinion will be given. One thing is for sure, it will do no good to just wait and see what happens and then complain about it.