Class Valuation

[sts2f1]

Sorry but no the lenders don't want a VA type system and flat fees sound great but in good times they suck.

I'm sorry but the profession is not a growth business and it's dying slowly as technology advances and most appraiser are over 55 and many 60 to 75 years old and retiring or just doing a few a month.

As far as his legacy I'm sure he would rather have you get into a career with growth potential than die on a hill that's not winnable. I prohibited my daughter to even think about appraising as a career and that was 20 years ago.

The writing has been on the wall for at least the last 15 years.

I get your points but I dont see a whole entire career that takes longer to get licensed than most vanishing. My original point was about competition within the AMC space and what can be done about companies like Class Valuation buying up smaller AMCs and shrinking the competition pool.

 

[Overimprovement]

I get your points but I dont see a whole entire career that takes longer to get licensed than most vanishing.

The govt is the only reason 90% of residential mortgage appraisals exist. And they are quickly ending because the GSEs and large lender power brokers have decided they should end. No one in the home buying transaction wants an appraisal. The regulatory need is quickly vanishing.

And sorry to be blunt, but none of those agencies or power brokers give two rips about how hard it was for us to get licensed. I agree with the others, either find a CG niche or start digging into plan B.

I wonder how many icemen, TV repair techs and even computer shops felt the same way. Yeah, I owned 3 PC service and repair shops 25 years ago. Have changed careers 4 times.

 

[Overimprovement]

We have to make choices based on what IS, not what SHOULD BE.

 

[glenn walker]

I get your points but I dont see a whole entire career that takes longer to get licensed than most vanishing. My original point was about competition within the AMC space and what can be done about companies like Class Valuation buying up smaller AMCs and shrinking the competi

it's not vanishing your just entering a business that's shrinking and not growing. Next you have to remove the emotions and legacy stuff and decide if you want to be poor or change career paths.

If you have other income or a partner with a real job then give it another 12 months. Maybe a miracle will happen or maybe you can get a job with a tax assessor or HUD.

 

[J Grant]

I worked two years to get this license and walking away from it after 4 years seems stupid and lazy.

You have the license, it does have some value, but you are stuck in the AMC client loop. Idk why your dad doesn't;t have clients he can share. If you are determined to get a CG license and keep pushing on with the application, one day something will open up. If an area C G is of age close to retirement, offer then 10% of our earnings for five years after you get your CG license for training you - something.

 

[ucbruin]

"And sorry to be blunt, but none of those agencies or power brokers give two rips about how hard it was for us to get licensed. I agree with the others, either find a CG niche or start digging into plan B."


 Granted getting my license in the 1st year, I don't know how difficult licensing became after that....
But it seems to me that the most difficult part of obtaining one's license is finding another licensed appraiser to train you....
The actual appraisal "work" is easy....

 

[cpursley]

Gotta love their job posting:

Looking for people with the "Passion to Win" to Embrace The Suck for that 1-day turn around:

Careers - Class Valuation

Redefine speed and accuracy in appraisals. Redefine your career. Be a part of a culture of health, family, and work/life balance. View Openings The Class Valuation culture If you’re looking to strengthen your career and to build strong relationships, we’re sure to have an opportunity for you...

www.classvaluation.com

 

[Tom D]

This post is too funny. It's like the old frankenstein movie where all the townspeople get together to kill the monster frankenstein.
Rise up appraisers, rise up. Gather your pitchforks and torches, to kill the monster.

 

[sts2f1]

You have the license, it does have some value, but you are stuck in the AMC client loop. Idk why your dad doesn't;t have clients he can share. If you are determined to get a CG license and keep pushing on with the application, one day something will open up. If an area C G is of age close to retirement, offer then 10% of our earnings for five years after you get your CG license for training you - something.

My dad gave me his only non VA client. Im working on getting on the VA panel right now but until approval you are correct. It is a vicious loop.

The 10% thing is a good idea. Only one I could get to call me back was 70 though haha.

 

[sts2f1]

"And sorry to be blunt, but none of those agencies or power brokers give two rips about how hard it was for us to get licensed. I agree with the others, either find a CG niche or start digging into plan B."


 Granted getting my license in the 1st year, I don't know how difficult licensing became after that....
But it seems to me that the most difficult part of obtaining one's license is finding another licensed appraiser to train you....
The actual appraisal "work" is easy....

Correct. Luckily I had my father. The hardest part to me was fighting the state legislature during Covid cause before Covid TN had mandatory in-person classes. The only online classes you could take were the pre-reqs for getting a trainee license. I had all my hours completed in 2021 and they wouldnt let me go to my last few classes. Took a few phone calls to some state reps and luckily that made a "temporary law" that allowed for all online classes that is now permanent.

The thing about training now is I wouldn't let train my friends for this until something changes with the fee system. Or people with 2.5% loans magically decide to refinance again. I think in the last 2 years I've done maybe 20 refi's. And Nashville is booming so I can only imagine how appraisers are doing in non-metro areas.