Don't Try to Come Back

[djd09]

sorry but oink oink oink...he voted for it

 

[Surf Cat]

My inside head said, “state gives you a license, you don’t give it up!” Told my boss and he said, in kripted English, “do what you want but if you get caught, I won’t defend you.”.

Good for you. But I still don't understand. Why would you have to give up your appraisal license to do mortgages? When you're drawing up loans, you wear that hat and follow the rules and regulations in doing so. How would an appraisal license interfere in that?

 

[Terrel L. Shields]

why on earth would one agree to that?

The cruel pinch of want mainly. Doing evaluations for half the price of an appraisal and doing it with no real liabilty nor licensing expense was a product of not selling in real estate during the 2008-12 period and having steady work as an evaluator. And again, if you are doing evaluations as a licensed appraiser, you are screwed here. You have to follow USPAP anyway. So, this company required him to drop his license. In OK you don't need a license if the amount is below $250K and I met an appraiser there who dropped his license to care for his single dad in poor health and basically went back as an evaluator after his father passed. Said he would never license again.

 

[Terrel L. Shields]

Probably an older dog l

He is only about 45. He started appraising about 2000 as his broker was both a broker and appraiser and even taught a few claasses in the 1990s. I've taken his classes and he died about 2 years ago so Gregg had to find a new broker as well.

 

[Zoe]

The cruel pinch of want mainly. Doing evaluations for half the price of an appraisal and doing it with no real liabilty nor licensing expense was a product of not selling in real estate during the 2008-12 period and having steady work as an evaluator. And again, if you are doing evaluations as a licensed appraiser, you are screwed here. You have to follow USPAP anyway. So, this company required him to drop his license. In OK you don't need a license if the amount is below $250K and I met an appraiser there who dropped his license to care for his single dad in poor health and basically went back as an evaluator after his father passed. Said he would never license again.

Sad. Of course the guy or woman he was working with went out of business. I can see how turning loose the liability was fine. Hopefuly he can still sell a piece of real estate every now and then.

 

[Non Sequitur]

Yep. No help for current or former appraisers but millions poured into PAREA, Practicum, ADI, grants, scholarships, etc. to help noobs.

 

[ZZGAMAZZ]

Kind of reminds me of my career. I entered the appraisal world on 1/21992. Worked for 2 appraisal firms and had a side client on my own. In February 2001 I started doing mortgages full time. Kept my license for the “side client”. Mortgage boss didn’t care. During the “mortgage meltdown” of 2008, all of a sudden through my company and the next one I went to, they wanted me to give up my appraisal license.

My inside head said, “state gives you a license, you don’t give it up!” Told my boss and he said, in kripted English, “do what you want but if you get caught, I won’t defend you.”.

For eight years I couldn’t excel in either. Get too well and it I was like, couldn’t go to the big party with the girlfriend or the wife would find out. Couldn’t go to the party with the wife or the girlfriend would find out.

Got to the point where I decided do a bang up job at one profession instead of a half *** job at two. Chose appraising and never looked back!

I maintained my CA AR license from 2008 to 2018 while returning to a previous career and conducting only a handful of appraisals for 10 years...sure paid off when I retired from the other career and now supplement SS and CALPERS with appraisal income . . . which is now basically Nil . . . as another one of Life's Perfect Scenario's is perfect, until it isn't...

 

[Carnivore]

I like the title

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Don't Try to Come Back in NC​

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I quit jan 2023.​

I do miss it thats why I hang around here. But I am getting old and two careers were enough

NC board does not have an inactive status. Sp once your expired thats it you have to start over as a trainee
B

ut NC does have an inactive status for real Estate Brokers. It cost like $40 per year for them. So its easy for them tp go active again

 

[Trihard]

I like the title

​

Don't Try to Come Back in NC​

​

I quit jan 2023.​

I do miss it thats why I hang around here. But I am getting old and two careers were enough

NC board does not have an inactive status. Sp once your expired thats it you have to start over as a trainee
B

ut NC does have an inactive status for real Estate Brokers. It cost like $40 per year for them. So its easy for them tp go active again

More bull**** appraisers have to deal with.

 

[Elliott]

I asked AI what it would take if one was a lawyer:

"Key Requirements for Returning to Active Status After 5 Years of Inactive Status in North Carolina:
Education (CLE Requirements):
• Continuing Legal Education: You must complete all CLE requirements for the years you were inactive that you missed
• North Carolina requires 12 CLE hours per year for active attorneys (including 3 hours ethics/professionalism)
• After 5 years inactive: approximately 60 CLE hours (12 hours × 5 years)
• Must include the required 3 hours of ethics/professionalism per year
Fees:
• Petition for Reinstatement fee: $500 (for inactive status over 1 year)
• Current year bar membership fee: Approximately $300-400 (varies based on age/bar membership)
• Possible CLE fee: If you need to purchase courses to make up missed hours
Additional Requirements:
• Petition for Reinstatement: Must file a formal petition with the NC State Bar
• Hearing required: Since inactive for more than 1 year, you’ll need a hearing before the Board of Commissioners
• Character and fitness review: May be required"