Hybrid Appraisals

[glenn walker]

License renewal fees for states is a source of revenue for them - consider the many professional and trade licenses in many categories,

I understand that-'I was referring him on his constitutional rants on how he says USPAP and other things aren't legal.

 

[djd09]

relman thanks you for their 500k to help write the 'ethics' code which TAF could not handle....

 

[Non Sequitur]

The appraisal institute (and I'm sure with guidance from REVAA) supports hybrid work for alternate experience:

"AI welcomed the AQB’s shift in language from “alternative experience” to “additional experience,” emphasizing that the change better reflects the intent to enhance—not replace—traditional supervisory models. The letter highlighted AI’s longstanding commitment to competency-based qualifications, referencing the organization’s own Core Competency Matrix developed in 2010, which recognizes diverse professional backgrounds and life experiences as part of a holistic view of appraiser development.

Among the key recommendations:

• Allow up to 25% of required experience to be earned through verified “Foundational Knowledge” activities.
• Grant experience credit for data collection assignments performed by credentialed trainees under proper supervision.
• Increase flexibility for accepting government and international appraisal experience.
• Permit appraisal firms, not just individuals, to serve as supervisors to expand mentorship capacity.
• Ensure AQB oversight of practicum programs for quality and consistency."

Setting up hybrid-mageddon. Firms "mentoring" an army of trainees without worry since firms have no license to discipline or revoke, run those trainees around as data collectors under their own interpretation of "proper" supervision and bingo! The end run around independent appraisers is complete.

 

[J Grant]

The appraisal institute (and I'm sure with guidance from REVAA) supports hybrid work for alternate experience:

"AI welcomed the AQB’s shift in language from “alternative experience” to “additional experience,” emphasizing that the change better reflects the intent to enhance—not replace—traditional supervisory models. The letter highlighted AI’s longstanding commitment to competency-based qualifications, referencing the organization’s own Core Competency Matrix developed in 2010, which recognizes diverse professional backgrounds and life experiences as part of a holistic view of appraiser development.

Among the key recommendations:

• Allow up to 25% of required experience to be earned through verified “Foundational Knowledge” activities.
• Grant experience credit for data collection assignments performed by credentialed trainees under proper supervision.
• Increase flexibility for accepting government and international appraisal experience.
• Permit appraisal firms, not just individuals, to serve as supervisors to expand mentorship capacity.
• Ensure AQB oversight of practicum programs for quality and consistency."

Setting up hybrid-mageddon. Firms "mentoring" an army of trainees without worry since firms have no license to discipline or revoke, run those trainees around as data collectors under their own interpretation of "proper" supervision and bingo! The end run around independent appraisers is complete.

There will be a small # of but not an army of trainees, look at the failure of PAREA to draw applicants - even with free training, who would want the liability, stress and low income the profession on the res mortgage lending side now offers? A few niche markets, a few appraisers who are the exceptions with decent clients or who live i an underserved area does not comprise a profession with any growth or potential to attract applicants. As it stands there are enough mid-career appraisers who might hang in to fill the remaining need -

 

[J Grant]

The appraisal institute (and I'm sure with guidance from REVAA) supports hybrid work for alternate experience:

"AI welcomed the AQB’s shift in language from “alternative experience” to “additional experience,” emphasizing that the change better reflects the intent to enhance—not replace—traditional supervisory models. The letter highlighted AI’s longstanding commitment to competency-based qualifications, referencing the organization’s own Core Competency Matrix developed in 2010, which recognizes diverse professional backgrounds and life experiences as part of a holistic view of appraiser development.

Among the key recommendations:

• Allow up to 25% of required experience to be earned through verified “Foundational Knowledge” activities.
• Grant experience credit for data collection assignments performed by credentialed trainees under proper supervision.
• Increase flexibility for accepting government and international appraisal experience.
• Permit appraisal firms, not just individuals, to serve as supervisors to expand mentorship capacity.
• Ensure AQB oversight of practicum programs for quality and consistency."

Setting up hybrid-mageddon. Firms "mentoring" an army of trainees without worry since firms have no license to discipline or revoke, run those trainees around as data collectors under their own interpretation of "proper" supervision and bingo! The end run around independent appraisers is complete.

There will be a trickle of trainees, but there WILL be an army of PDC collectors, which is why they opened it up without needing an appraisal license. If they can expand the hybrid program effectively, the volume of PDC collectors will cut the demand for appraisers by half. It aimed to monetize the inspection part by assigning AMC to non-appraisers. That cuts the effective demand for appraisers to do their portion, as staff appraisers can stay at the desk and churn out 3x their former volume.

If a former (let's assume a rare decent fee from an AMC ) - if an AMC paid $400 for a 1004 and now the PDC collector does the inspection, and the appraiser had to discount the fee to get their part of the order, their fee might now be $250. Since order volume is not increasing, reducing costs on the remaining work will force more appraisers out. Then they can whine about the low number of appraisers and use that to expand the WAIVER or alternative product program further.s

 

[shrubberyvaluation]

The appraisal institute (and I'm sure with guidance from REVAA) supports hybrid work for alternate experience:

"AI welcomed the AQB’s shift in language from “alternative experience” to “additional experience,” emphasizing that the change better reflects the intent to enhance—not replace—traditional supervisory models. The letter highlighted AI’s longstanding commitment to competency-based qualifications, referencing the organization’s own Core Competency Matrix developed in 2010, which recognizes diverse professional backgrounds and life experiences as part of a holistic view of appraiser development.

Among the key recommendations:

• Allow up to 25% of required experience to be earned through verified “Foundational Knowledge” activities.
• Grant experience credit for data collection assignments performed by credentialed trainees under proper supervision.
• Increase flexibility for accepting government and international appraisal experience.
• Permit appraisal firms, not just individuals, to serve as supervisors to expand mentorship capacity.
• Ensure AQB oversight of practicum programs for quality and consistency."

Setting up hybrid-mageddon. Firms "mentoring" an army of trainees without worry since firms have no license to discipline or revoke, run those trainees around as data collectors under their own interpretation of "proper" supervision and bingo! The end run around independent appraisers is complete.

But we are told PDC has nothing to do with appraising by FNMA, and AI says its appraisal experience.

 

[Non Sequitur]

But we are told PDC has nothing to do with appraising by FNMA, and AI says its appraisal experience.

Yep.

 

[Sadie]

License renewal fees for states is a source of revenue for them - consider the many professional and trade licenses in many categories,

Our state board is 100% funded by fees. No state money in, which results in more independence.

 

[George Hatch]

whoever wrote the sow 'rule' should be exiled from this profession for life...

Do you know what the practical difference is between the SOWR and the DEPARTURE RULE? No. You don't.

 

[chad hampton]

But we are told PDC has nothing to do with appraising by FNMA, and AI says its appraisal experience.

That’s a very good point, they can’t use data collection (whatever that is) for appraisal experience at this point. But I never underestimate the sleaziness of the snake oil salesman that have been pushing these things from the start. So nothing would surprise me.