Do you foresee the bachelor degree requirement ever going away

[shrubberyvaluation]

In the conventional residential world, it will be of little benefit.

I have been assigning appraisals for nearly 18 years for a well-respected regional lender.

Guess how many times I have asked if the Appraiser was a SRA?

We have never had a repurchase demand over appraisal issues.

Go figure......

Don't recall anyone ever asking if I was SRA or any other designations. I think the appraisal I saw from an SRA had all of the comps but one over double the GLA of the subject adjusted $20 a square foot (and it wasnt due to a lack of comps that were more similar in GLA). One comp similar that adjusted much lower than the others...obviously.

 

[glenn walker]

If your over 55 you are an official SRA Senior Residential Appraiser. I once had a young Underwriter what the SRA stood for and after I told her, she responded with why would someone want to advertise their old ?

I responded well their proud of being in the business so long and they believe time and age equals knowledge. She just looks at me and says okay.

 

[George Hatch]

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

So how do you feel about their use of the term "valued partners" when referring to service providers who are neither valued nor partners?

 

[ucbruin]

"I responded well their proud of being in the business so long and they believe time and age equals knowledge. She just looks at me and says okay."


She probably read posts on the AF....

 

[George Hatch]

Don't recall anyone ever asking if I was SRA or any other designations. I think the appraisal I saw from an SRA had all of the comps but one over double the GLA of the subject adjusted $20 a square foot (and it wasnt due to a lack of comps that were more similar in GLA). One comp similar that adjusted much lower than the others...obviously.

A long time ago the vetrano CG I shared office space with got asked if he was an MAI while testifying in court. He was one of the OGs, having started in commercial appraising at Home Savings right after graduation from UCLA in 1963. He said something I thought was pretty gutsy to be saying in court:

"Me? An MAI? Fortunately not."​

Not how I would have responded nor would I recommend, but it did make me laugh a little when he retold the story.

 

[glenn walker]

Many years ago in the dark ages Uncle owned Chevy Dealer and Parts stores.

The term Jobber was used in reference to anyone or business that parts were ordered from. Later by mid eighties other supply chain sources were referred to as Vendors. The term Vendor tends to be associated with someone you order a part or service from.

So as more appraisers became order takers for business and tax purposes they were accounted for as Vendors. I know our year end sending out W-9 or Misc 1099 were labled vendors.

 

[glenn walker]

Valued Partner -that's got a good ring
to it lol

 

[Fernando]

When I go to Appraisal Institute conferences, all the commercial appraisers look very formal wearing suits whereas residentials look casual.
AI wants to uplift the appraisal business as high profession especially with their MAI and SRAs.
Residentials know these certifications don't matter much to them. We're just part of the clog in the lending industry.

 

[BRCJR]

When I go to Appraisal Institute conferences, all the commercial appraisers look very formal wearing suits whereas residentials look casual.
AI wants to uplift the appraisal business as high profession especially with their MAI and SRAs.
Residentials know these certifications don't matter much to them. We're just part of the clog in the lending industry.

the commercial appraiser does not normally look in crawl spaces or attics.
put your suit on and go for it.....

I guess I can buy a suit just to impress my peers.....

 

[Terrel L. Shields]

Women are the best and almost always did better than men.

That was an observation that I personally endorsed although I didn't really have evidence to back it up except my own limited experience. The exception is farm and ranch properties. I would say 99% of the poultry farm appraisals In know had male Realtors involved on both sides. I only know one brokerage who was run by a woman who sold farms and she got stung by the Real Estate Commission over escrow issues. And, most of her agents were men.

I think in couples, the wife is the one who makes the buying decision. (If momma ain't happy nobody gonna be happy.) A friend searched for a home with a shop building. But the kicker was his wife had to choose the house. His input was simply to see that any shop or detached garage was adequate for his leather business. So, I think it is easier for a woman to sell a house to a woman or couple, and less so to a single man. Not that I cannot think of 2 women who tried to sell real estate for a year or so and rarely made a sale.