Certified General License and PAREA

[Zoe]

I am not really sure who approved PAREA. Do you know?

 

[Zoe]

You have a good lesson what an MAI is. Now, it is up to you on how to pursue the CG designation.

PAREA? You will have to communicate with people that approved PAREA. I don't know who that is. I know I seem ignorant but I am not.

 

[chad hampton]

States issue licenses. States have to approve parea. And not state boards, state legislatures need to amend their laws (at least in those states that have appraisal laws and rules). I wouldn't be so sure any state is ready to issue a license based on a youtube experience just yet.

Has any state issued the first parea certified appraiser yet?

 

[Fernando]

I don’t know how a CR does not know what MAI means when mentioned in the context of The Appraisal Institute.

It means the new Licensees don't understand the value of MAI.
It used to mean more money prior to licensing. Now low fees mean more to clients.

 

[George Hatch]

I mostly stick with Main Street type properties where the buyers are all local. Some years go by without anyone ever asking if I have a designation. The moment someone asks about a designation I immediately attempt to make a referral. Especially if the client is not local.

 

[Zoe]

My MAI was more than just a mentor to me. He was a friend to me. I already had CG when I went to work for him.

He didn't pay me much on commission. I had to leave.

I was last lone wolf he had I think after having like 16 maybe more trainees in his office building.

He owned the office building in really good location. He just rented the offices to other professionals.

 

[Fernando]

Back in old days MAIs made lot of money. They were able to buy nice houses to live.
AI made you jump over hoops and spend lots of money to get the MAI.
When there were no licensing MAI designation helped in getting work.
Licensing made Appraisal Institute more irrelevant through the years. And the MAIs are getting fewer and fewer as the old ones die.

 

[Ricky LaFleur]

Some years go by without anyone ever asking if I have a designation. The moment someone asks about a designation I immediately attempt to make a referral. Especially if the client is not local.

Licensing made Appraisal Institute more irrelevant through the years.

I've never been asked if I have a designation. I have most certainly been asked for cheaper/faster appraisals.

 

[George Hatch]

Back in old days MAIs made lot of money. They were able to buy nice houses to live.
AI made you jump over hoops and spend lots of money to get the MAI.
When there were no licensing MAI designation helped in getting work.
Licensing made Appraisal Institute more irrelevant through the years. And the MAIs are getting fewer and fewer as the old ones die.

I wouldn't say the MAIs are in any way irrelevant at all. If some 20-unit condo or subdivision assignment comes along I can do that, but I have no reason to compete with the appraisers who appraise 200-1000 unit planned communities. Same with multi-family; doing a 30-unit property is one thing but doing a 200-unit property is operating on a different level. I don't like gas stations or hotel/motel or resort properties either.

Somebody has to perform those more specialized assignments and who better to do them than the appraisers who normally do them? I don't aspire to compete with them any more than I would want to compete with appraisers who specialize in the GSE programs. It's way more profitable to spend my time doing what I normally do than to chase fees on assignments that are outside my normal scope of practice.

 

[sputnam]

Let's go back to PAREA. See the sarcasm perhaps? Bias maybe?

What are you even talking about? There's no sarcasm and no bias. Certified appraisers are expected to... and should... have knowledge about appraising. That knowledge includes a lot more than just filling out the adjustment grid.