California Licensing Fees Increased to $1,030 Every Two Years

[Randolph Kinney]

For North Carolina: Renewals are due each year by June 30th. The renewal fee is $200.00. If you want to be included on the National Registry, you must include an additional fee of $60.00.

 

[Michigan CG]

If the number of appraisers is significantly lower then maybe they should cut staff in Sacramento?

Michigan $350 every two years; Iowa $375 every two years.

 

[Elliott]

A housewife goes into a butcher shop in Southern California. She notices that Movie Star brains are $75 per pound, Uber Driver brains are $85 per pound, but Real Estate Appraiser brains are $975 per pound. She asks the butcher why Appraisers brains are so much more. The butcher replies, "Lady, do you know how many appraiser's we have to kill to get a pound of brains."

The State just wants their taste during the refi boom. They won't raise after the next crash.

 

[RCA]

This is getting ridiculous. On top of appraiser fees getting squeezed, now we have to pay $925 to renew our licenses because there are fewer appraisers. Somehow there's still a shortage of work.

No, what is ridiculous are your low fees!!!!!!!!!!!!!!!!!!!

California is expensive. Many important things cost 2-3 times more, e.g. housing and labor. Residential appraisers need starting fees of around $800+ for the more difficult types of residential appraisals they are likely to get.

What is going to happen is that low-risk loans get a pass on appraisals, as we already see happening. Many appraisers will not be able to deal with the increasing complexity of everything.

In other words: - Disappearing: Easy type residential appraisals about any dummy could do, as long as the difficult ones were siphoned off. NOW, the easy ones get siphoned off to AVMs or desktop appraisals. What's left are complex appraisals for capable appraisers.

Oh, and the increasing pace of change in our society, means appraisers have to become adept at appraising new kinds of property features. Experience doing things a fixed certain way doesn't count for so much. Experience solving new kinds of problems is a different story.

Appraisers have to focus skills on complex properties, learning to deal with new kinds of features and all kinds of increased requirments.

I think that appraisals are getting more sophisticated. I pitty the reviewer who attempts to review one of my appraisals.

1. Multivariate Adaptive Regression Splines (Complex models). Either you get the easy to use Salford Systems MARS for $15,000 or learn to use R-Earth.
2. C# programs to make the adjustments from the MARS models.
3. More complex reasoning.
4. More details.
5. More analyses.
....

There is more to it than even this.

I would try to avoid GSE appraisals for now. That whole area is in flux. The mentality is not conducive to making a decent living.

Maybe residential appraisers should think about becoming a real estate agent .... license fee renewal is $300 every 2 years.

- Or maybe CPA - that is $120 every 2 years.

 

[CANative]

If the number of appraisers is significantly lower then maybe they should cut staff in Sacramento?

Michigan $350 every two years; Iowa $375 every two years.

The have made some significant cuts. Including staff and an office relocation.

And I don't know what the governor has to do with this. Just mindless whining by some frustrated SoCal appraiser I guess.

 

[cstu11]

The have made some significant cuts. Including staff and an office relocation.

And I don't know what the governor has to do with this. Just mindless whining by some frustrated SoCal appraiser I guess.

Here's the fee chart starting in January. I don't know what is mindless about an increase from $640 to $1,030 (the actual total fee).

This fee is a combination of fees set forth in CCR 3582 as follows: Application Review Fee $400.00 (CCR 3582(b)(1)); Issuance Fee $525.00 (CCR 3582(b)(2)); Federal Registration Fee $80.00 (CCR 3582(b)(1)); and State Registration Fee $25.00 (CCR 3582(b)(1)).

http://brea.ca.gov/forms/LicensingFeeChart01012020.pdf

Who is going to stay doing residential with fees what they are in SoCal?

 

[Randolph Kinney]

Who is going to stay doing residential with fees what they are in SoCal?

Zillow?

 

[djd09]

they should triple that. it is not like cali appraisers will do anything.

 

[Deleted member 152047]

I think that is about how much I pay between DC, MD, and VA. VA is the cheapest like $100 or something and they mail me a hard copy of USPAP.

And their (VA) license hardcopy is really nice (frame-able). I'll add that I applied for a license via reciprocity in Virginia and received it back in less than one week. Most states take a month or more.

I received this notice from CA and basically, we will decrease the number of CA licensees in our office to 1. If they think that raising fees will not drive down the number of licensees, they are sorely mistaken. So what happens next year after another 20% of licensees disappear?

 

[Joe Flacco]

And their (VA) license hardcopy is really nice (frame-able). I'll add that I applied for a license via reciprocity in Virginia and received it back in less than one week. Most states take a month or more.

I received this notice from CA and basically, we will decrease the number of CA licensees in our office to 1. If they think that raising fees will not drive down the number of licensees, they are sorely mistaken. So what happens next year after another 20% of licensees disappear?

They do move quick. Apply online and email supporting documents and expiration date and registry updated in a week. Not the case with DC and MD. Very happy with DPOR.