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

[TerryRohrer]

I think there should be a complete overhaul of the requirements instead of these adjustments.

As well as the enforcement mechanisms.

 

[Surf Cat]

I think there should be a complete overhaul of the requirements instead of these adjustments.

The adjustments are leading to the complete overhaul... Desktops, hybrids, waivers, in lieu of the full regalia appraisal.

 

[DWiley]

I think there should be a complete overhaul of the requirements instead of these adjustments.

Perhaps that is why the AQB has stated that they are examining ALL aspects of the criteria, and looking at the degree requirement is just a first step

 

[TerryRohrer]

The adjustments are leading to the complete overhaul... Desktops, hybrids, waivers, in lieu of the full regalia appraisal.

Aka, lingchi, slow slicing, or death by 1,000 cuts!

Lingchi - Wikipedia

en.m.wikipedia.org

 

[djd09]

Hearing on Appraisal Industry Issues

The Appraisal Subcommittee (ASC) held a second hearing on challenges facing the appraisal industry, including barriers for entering the profession and racial bias in home appraisals. The panel's first hearing on such topics occurred in January 2023. The ASC is an interagency committee under the...

www.c-span.org

the AQB thinks we all should take dei classes...what a clown show

 

[George Hatch]

I meant it as my personal idea of (one of ) the purposes of college as a screening floor for the appraisal profession entry.

"Barrier to entry" is not among the stated purposes of appraiser qualifications or licensing, either.

There's a world of difference between:

"the purpose of qualifications criteria is to provide for and promulgate an acceptable level of appraiser competency"​

vs​

"the purpose of qualifications criteria is to provide an acceptable level of competition control for us"​

​

It's one thing to acknowledge a barrier to entry already exists due to the point that some applicants will be incapable of passing a course or passing an exam or finding opportunities to gain supervised experience. It's something entirely different to trying to use the power of govt to deliberately obstruct their entry for the primary purpose of protecting your fee.

Now that I think about it, that sort of corrupt misuse of govt is exactly what you have been accusing the AMCs and lenders of doing to appraisers.

 

[TerryRohrer]

It's one thing to acknowledge a barrier to entry already exists due to the point that some applicants will be incapable of passing a course or passing an exam or finding opportunities to gain supervised experience.

I'm guessing the first point is being targeted for diminishment and the second has been removed by PAREA.

 

[Tim Hicks (Texas)]

The residential appraisal profession is not rocket surgery. Many of you read too much of what is required or expected of an appraiser. Many homeowners can't tell the difference between an appraiser or a property inspector or a surveyor. While I believe our profession is a vital part of the lending process, I don't think many of the other cogs in the process agree. Many agents and loan officers consider us a necessary evil. Certain homeowners that don't like our values consider us hacks or rip-off artists. After all, they know what their property is worth no matter we prove.

 

[djd09]

hey Frank...send this in as my comment

 

[J Grant]

"Barrier to entry" is not among the stated purposes of appraiser qualifications or licensing, either.

There's a world of difference between:

"the purpose of qualifications criteria is to provide for and promulgate an acceptable level of appraiser competency"​

vs​

"the purpose of qualifications criteria is to provide an acceptable level of competition control for us"​

​

It's one thing to acknowledge a barrier to entry already exists due to the point that some applicants will be incapable of passing a course or passing an exam or finding opportunities to gain supervised experience. It's something entirely different to trying to use govt to deliberately obstruct their entry for the primary purpose of protecting your fee.

Well, it should be!
You often talk about donkeys in appraising - and comment that they might be teachable - IMO, they are not teachable, and there should not be "donkeys" appraising what amounts to a hundred million or more a year in property that is tax payer-backed loans.

I realize you depsie the idea of anything that would protect the appriasers fee, but decent fees are needed to attract and keep quality people in a profession. WTF does it have to do with the US govt? Many fields have college as the entry barrier, and yes, it does keep the supply down, by eliminating the idiots ...and yes it also tends to elevate fees or pay in many professions -

wret govt and fee protection, the govt reg serves to protect the free of cost AMC service to lenders and the corrupt second version of C And R where AMCs can use their own surveys- you only seem to object where any govt policies serve to protect the appraiser fee- there is no neutral gove policy, it protects one set of parties at the expense of another.