Do you foresee the bachelor degree requirement ever going away

[Digger88]

I don't pay too much attention to this just wondering what's brewing out there for those in the know.

 

[Joe Flacco]

There is no bachelors degree requirement for res.

 

[cpursley]

There's talk about dropping it, and they should. And I saw this with someone with the right degree (BBA in Real Estate from a good program). If they don't drop the degree requirement, they should at least constrain it to economics, accounting or real estate.

 

[glenn walker]

I don't pay too much attention to this just wondering what's brewing out there for those in the know.

You never needed one there are other alternatives they placed in the regulations. Most are just too lazy to read through the guidelines......lol

 

[Joe Flacco]

They did require a bachelor's degree for a few years but they rolled it back and lowered experience requirements also.

 

[Digger88]

They did require a bachelor's degree for a few years but they rolled it back and lowered experience requirements also.

I just looked today and it said bachelors or associates plus a ton of bs classes in addition to real estate classes is that not right. I'm talking going back to just the standard hours required in class plus experience like freaking realtors who can sell anything the day they are licensed.

 

[Joe Flacco]

I just looked today and it said bachelors or associates plus a ton of bs classes in addition to real estate classes is that not right. I'm talking going back to just the standard hours required in class plus experience like freaking realtors who can sell anything the day they are licensed.

The current requirement is minimum 30 college credits which is the same as when I started. The experience requirement is currently 1500 hours over minimum 12 months, down from 2000 hours over minimum 24 months.

 

[Terrel L. Shields]

If they don't drop the degree requirement, they should at least constrain it to economics, accounting or real estate.

Then in that case, licensing needs to be restricted to housing only??? I mean I get all sorts of mineral rights assignments because I am a geologist as well. And even the BoIA is supposed to value tribal mineral rights with an APPRAISER and not the ENGINEERS that they once used. None of their engineers have appraisal licenses. But without petroleum engineering or geological experience, do you think a run of the mill appraiser or even MAI has any business valuing mineral rights?

So, if we limit degrees to economics or real estate...what about the specialists like timber appraisers, water rights, oil and gas, quarries, minerals, or highly specialized fields like valuing a refinery or airport? Licensing paints too broad a brush and mandatory licensing makes it all the worse. The degree requirement adds zero value to the ordinary appraisal.

 

[Fernando]

More college dropouts will become appraisers.

 

[Joe Flacco]

Licensed appraiser requirement is currently no college credits and 1,000 experience hours over a minimum 6 months., down from 2,000 hours over a minimum of 12 months.