California makes another change re: trainees!

[hastalavista]

(Although this is duplicated in "Improving the Profession", I have had an "angelic vision" :new_angel: which asked me to re-post it in the newbie section where it may be more readily seen by trainees in California).

I earlier posted that California used to allow 1,000 hours of experience credit if a trainee had a broker's license. That meant instead of acquiring the 2,000 hours required by the AQB, one could acquire 1,000 hours and with a broker's license upgrade to "licensed".
The AQB completed an audit on the state, and required them to end this practice (credit Ann O'Rourke for bringing this to light).

Looks like the state has made another important decision regarding trainees, some being:

• Applicants need to pass the test in no more than 5 attempts within a 12-month period following the acceptance letter (no limit before, I believe).
• Trainee education must be completed within a 5-year period before application (no limit before, I believe).
• Residential experience (2,000hrs) must take at least a year to accumulate (no limit before, but your experience log would have been reviewed in detail if you tried this scam).
• Supervising Appraisers must now be licensed at the Certified level and may not supervise more than three appraisers at one time. This is big! Before, licensed appraisers could be a supervisor and the sky was the limit on the number of appraisers one could "supervise".

These changes go into effect 9/7/06. Here's the direct link:

http://www.orea.ca.gov/forms/regchg06.pdf

 

[Jim Lusk]

None of that affects me and look like good changes anyway.

 

[Nancy Heiss]

Brilliant!

Denis,

That was very shrewd of you to think to post here as well. I just heard about this requirement at the Appraisal Today conference, but I assumed it didn't take effect until 1/1/08. I wonder how many trainees will turn in their log sheets only to find a portion (or all) of their experience doesn't count. Very harsh reality check!

 

[Alan Ayoub]

(Although this is duplicated in "Improving the Profession", I have had an "angelic vision" :new_angel: which asked me to re-post it in the newbie section where it may be more readily seen by trainees in California).

I earlier posted that California used to allow 1,000 hours of experience credit if a trainee had a broker's license. That meant instead of acquiring the 2,000 hours required by the AQB, one could acquire 1,000 hours and with a broker's license upgrade to "licensed".
The AQB completed an audit on the state, and required them to end this practice (credit Ann O'Rourke for bringing this to light).

Looks like the state has made another important decision regarding trainees, some being:

• Applicants need to pass the test in no more than 5 attempts within a 12-month period following the acceptance letter (no limit before, I believe).
• Trainee education must be completed within a 5-year period before application (no limit before, I believe).
• Residential experience (2,000hrs) must take at least a year to accumulate (no limit before, but your experience log would have been reviewed in detail if you tried this scam).
• Supervising Appraisers must now be licensed at the Certified level and may not supervise more than three appraisers at one time. This is big! Before, licensed appraisers could be a supervisor and the sky was the limit on the number of appraisers one could "supervise".

These changes go into effect 9/7/06. Here's the direct link:

http://www.orea.ca.gov/forms/regchg06.pdf

end which practice? Where can I read about this? So this means no more Brokers excemption for California Trainees?

I didnt see that in the 9-7-06 changes...Im curious to know where you read about this change...

 

[hastalavista]

Alan-

I posted the link; its in the original thread.

 

[Alan Ayoub]

Alan-

I posted the link; its in the original thread.

I see the 9-7-06 link. I dont see the Brokers exemption changes in the 9-7-06 changes. Where is the link for the audit and elimination of the Broker excemption?

 

[Smokey Bear]

http://www.orea.ca.gov/html/announce.shtml , scroll down.

 

[Alan Ayoub]

I have read the Broker Clarification. From what I read in the first thread, I interpreted the Broker excemption to count no longer (I thought "end this practice" meant Broker excemption would not count). The Broker excemption still counts, it just has a clarification and some changes as of 9-7-06.

I was on the phone today with OREA and discovered that the Broker excemption STILL EXISTS. The only difference is, the 1000 hours must be completed over a 12 month period. Also, login sheets requesting 1000 hours for the Brokers excemption must be post marked before 9-7-06.

 

[hastalavista]

Alan-

If you verified this with OREA, I wont say you are wrong.
I will say that what I verified with OREA regarding the Broker hour credit (1,000 hrs) was a little different (I think) from your interpretation.
Here's what I understood:

A person can still apply for and receive 1,000 hours credit toward their license upgrade using a Real Estate Broker's license.
However, the AQB does not accept that as AQB approved appraisal experience and will not count it toward the 2,000 hour requirement necessary to be AQB compliant.
What does this mean?

Again, as I verified it, it means one could have an "AL" license in California, but not be listed on the AQB national registry. The significance is more than not seeing one's name on the registry. The significance is that if one is not AQB qualified, one is not eligible to complete, unsupervised, appraisals for Federally Regulated Transactions. This would include most (if not all) Fannie work, since Fannie is not an originator, but a purchaser on the secondary market and most originators are Federally Regulated Institutions at some level.

I received a return call from OREA from the applications administrator today, but was unable to accept it. I called back and hopefully will hear tomorrow. If I have the opportunity, I will try to clarify this issue also, and post what I heard with the person's name as the source.

 

[Alan Ayoub]

I should have been more clear in my post....

The Broker Excemption counts, except it does not meet AQB requirments. This is the information on the Broker clarification....As for what the OREA rep told me, she said An appraiser who qualifies for the Broker excemption can apply for and recieve 1000 hours even after 9-7-06, but because of the Broker excemption clarification, FHA and HUD will NOT recognize a completion of 2000 hours with those who have 1000 hours from the broker excemption.

She went further to explain that these appraisers can still be licensed and complete appraisals that do not need to meet the AQB Requirment.

She encouraged me to go thru with my Brokers excemption....It still exists just with some limitations.