Do you foresee the bachelor degree requirement ever going away

[Fernando]

I have multiple degrees. Did they help me in appraising?
I tend to think so in how it allows me in critical thinking outside the box and adapt to changes and weighing risks and benefits in decision making.

 

[Alsie35]

I absolutely loathe this term when used to reference appraisers. Makes me boil.

Likewise here. As do the words 'pricepoint', and, my least favorite, 'stakeholders' *

*Pro tip: Unless you're the one holding the stake steady so Prof Van Helsing can drive it through Dracula's heart, it just makes you sound like an unserious dolt. Listening bureaucrats?)

 

[ilsindaco2628]

I didn't read the majority of this thread so forgive me if this has been covered.

In New Jersey you don't need a bachelors degree to be licensed residential.
You need it to go right to certified. If you don't have one, you have to be licensed residential for 5 years.

 

[alebrewer]

I don't believe a BS/BA is necessary / correlated to higher quality appraisals. I do, however, believe some focused education on English and Statistics would have been extremely helpful. A bit too late now.

 

[ucbruin]

English....
Do you mean grammar....
For typical residential appraisals....
Basic English and elementary school level math is all that's required....
Plus, minus, 0....

 

[wward35634]

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

I say this with all the conviction in my heart.
If you can pass any of the appraisal exams; stop being stubborn (like I was) and get your degree.
I got (AL) licensed in Nov 2024 after logging 1200 hours.
The exam was not easy but I passed on the first try. After passing I felt immediately stupid for limiting myself so much in other things. In fact, immediately after getting licensed I found an online college (regionally accredited, etc etc), and I graduated with a business admin: data analytics degree In just under a year: Summa Cume Laude. (No “e” on cume, but…. Censors )
I have had 4 supervisors and met countless appraisers. Although must of us are stubborn as mules, 99% of us are intelligent enough to easily finish undergrad. That 1% (who somehow squeak past the exams) will eventually be rooted out.
If they remove the degree requirement, it won’t change much. However, i definitely learned some tricks in college (excel pivot tables, vlookup, tableau, r-squared), but that is because of the type of degree I chose.

 

[Alsie35]

This thread may be "whistling past the graveyard".

Ask yourselves whether the '300 Trained UAD 3.6 Abomination Monkeys' sitting at a desk punching keys to run algorithms they don't understand to spit out alleged "appraisal reports" based on some former McDonald's employee's photos really gonna need a higher ed degree?

Don't be surprised if this requirement is gradually done away with as thinking real appraisers with actual real appraising experience are driven to extinction by the GSE bureaucrats....

 

[Mark K]

....99% of us are intelligent enough to easily finish undergrad.

Depends on the school and the degree.