Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Seems that from allowing any instructor to teach courses under approval at no cost, states are now requiring not only the instructor and course be vetted individually but that fees be paid. Great. So it eventually means that few will be able to afford to teach outside the borders of their states. Further, with some states having several schools, the average student count for smaller schools for qualifying ed is now 3 - 6 students - too few to make the school worth it.
This means fewer choices for appraisers and more travel to get an education. It means instructors of unique courses are unlikely to be able to afford to teach. If faced with paying $500 for a good unique and meaningful 7 hr course or taking a worthless course the average appraiser simply has to take the dud course for $190 to avoid the expense considering the lousy pay of the average appraiser.
Instead of improving education, new rules are impeding it.
If it takes 100 hours to prepare a course and write a text book, then an appraiser who is paid $500 per day to teach has to teach the class at least 10 times just to break even. To make any money perhaps 30 times. These rules makes it near impossible to teach for a profit outside a few pat courses that are dominated by the 2 or 3 largest organizations. It means that specialties like ag business, motel valuation, minerals, timber, etc. will never be taught.
This means fewer choices for appraisers and more travel to get an education. It means instructors of unique courses are unlikely to be able to afford to teach. If faced with paying $500 for a good unique and meaningful 7 hr course or taking a worthless course the average appraiser simply has to take the dud course for $190 to avoid the expense considering the lousy pay of the average appraiser.
Instead of improving education, new rules are impeding it.
If it takes 100 hours to prepare a course and write a text book, then an appraiser who is paid $500 per day to teach has to teach the class at least 10 times just to break even. To make any money perhaps 30 times. These rules makes it near impossible to teach for a profit outside a few pat courses that are dominated by the 2 or 3 largest organizations. It means that specialties like ag business, motel valuation, minerals, timber, etc. will never be taught.