Do you foresee the bachelor degree requirement ever going away

[George Hatch]

I strongly oppose PAREA being swapped in for more than *maybe* 50% of the experience hours. I think instruction is instruction, and delivery via PAREA is more similar to QE than to the experience of acting in the role.

With that said, I think the student review of PAREA was interesting but there is a counterpoint in there somewhere.

• It's a new program and there will inevitably be hiccups in the delivery before the course provider finds their groove.
• Not all appraisers are skilled at instruction, particularly via remote; so maybe a couple of the instructors or facilitators or spirit guides or whatever they're called aren't up to this particular task
• Not everyone who takes appraisal courses has what it takes to pass the test. Or work the job. We *should* expect a 30% or 40% fail rate. Maybe higher.
• "Content is dense" is something I think most appraisers will readily understand. There is no one task or aspect of the job that's too hard to learn but the sheer volume of details is a challenge. Especially when you're trying to stuff them all into a shortened time frame. There's like 1000 little details to juggle.

 

[glenn walker]

You and nobody else has a better plan. How about get the licence then get trained by a AMC hiring the new licensee. Start at desk work first. Progress from the beginning to the end. That way you have a balanced view of how each part works.

 

[Carnivore]

I think the TAF should do what the the military does first is an aptitude test. It's not perfect , nothing is.

Why are the going to all this effort? What do they see that we don't see? Surely it can't just be an aging population of Appraisers.

 

[Mejappz]

Why are the going to all this effort?

They are desperately trying to hold on to power, and the unethical stakeholders have indicated their intention to inundate the market with new form-fillers. The issue is that appraising is not as simple as some people suggest. As a result, they are attempting to bring in anyone, regardless of their qualifications, into the industry.

 

[glenn walker]

They are desperately trying to hold on to power, and the unethical stakeholders have indicated their intention to inundate the market with new form-fillers. The issue is that appraising is not as simple as some people suggest. As a result, they are attempting to bring in anyone, regardless of their qualifications, into the industry.

Don't want to bust your bubble but for hundreds of years people valued real estate and up until about 1990 nobody had appraisal licenses and nothing changed except we paid licence fees and mandatory USPAP and CE.

Prior to that anyone with a High School Diploma who could read,write basic math could be trained to do residential appraisals. Today residential loan production is a trade not a profession and anyone with a average IQ can be trained.

 

[Mejappz]

Prior to that anyone with a High School Diploma who could read,write basic math could be trained to do residential appraisals. Today residential loan production is a trade not a profession and anyone with a average IQ can be trained.

Well, then it should be relatively easy to enter the industry. Have them take the PAREA course, pay 8K, pass the test, and start churning them out.

 

[Zoe]

I strongly oppose PAREA being swapped in for more than *maybe* 50% of the experience hours. I think instruction is instruction, and delivery via PAREA is more similar to QE than to the experience of acting in the role.

With that said, I think the student review of PAREA was interesting but there is a counterpoint in there somewhere.

• It's a new program and there will inevitably be hiccups in the delivery before the course provider finds their groove.
• Not all appraisers are skilled at instruction, particularly via remote; so maybe a couple of the instructors or facilitators or spirit guides or whatever they're called aren't up to this particular task
• Not everyone who takes appraisal courses has what it takes to pass the test. Or work the job. We *should* expect a 30% or 40% fail rate. Maybe higher.
• "Content is dense" is something I think most appraisers will readily understand. There is no one task or aspect of the job that's too hard to learn but the sheer volume of details is a challenge. Especially when you're trying to stuff them all into a shortened time frame. There's like 1000 little details to juggle.

I agree, but it is deeper than that now because of people that don't even know the area and putting a value on the subject. What is the value definition? I don't know.

 

[Zoe]

I had seller this week say to me why does the subject not appraise for what the buyer is willing to pay? That took me a little while to explain.

 

[glenn walker]

Well, then it should be relatively easy to enter the industry. Have them take the PAREA course, pay 8K, pass the test, and start churning them out.

Exactly but place them in real jobs not making them a vendor wandering around. Start at the entry level and work up to be a field inspector.

Many won't need to leave the office and learning tech skills and running and analyzing data and learning how to read reports, and work as a team. The Team Concept is the future of modern appraising, one at desk, one interfacing with clients and one out getting dirty.

 

[Carnivore]

and one out getting dirty. AKA unlicensed Property Data Collector.