Hybrid

[J Grant]

Gotcha...OK, so If I have the trainewe do it them they get Experience credit from State for Licensing...If ABC Lender via AMC ABC hires the Trainee person then they just make money, but NO EXPERIENCE CREDIT!

Well that Sucks for the Trainee.

In most cases they are not hiring a trainee, they are hiring a non appraiser to do the inspection ( a RE agent, home inspector , insurance person , anybody)- as long as inspector is not contributing judgement or opinions or values they are not preforming,per the logic of the stakeholders, appraisal assistance -thus do not have to sign report and may not even be named in the report.

 

[Meandering]

Gotcha...OK, so If I have the trainewe do it them they get Experience credit from State for Licensing...If ABC Lender via AMC ABC hires the Trainee person then they just make money, but NO EXPERIENCE CREDIT!

Well that Sucks for the Trainee.

The catch 22 of bringing on trainees,

There still isn't any work for them to do.



Although I would beg to differ in the parsing of the language that any interior sketch and photos provided by anyone, trainee or not, is not significant assistance in determining an opinion of value, because nobody gets to limit the scope of the work to the extent that it impacts credibility of the work. So regardless to inspection by trainee or inspection by unknown other person, it is still significant assistance, and AMCs don't get a pass from USPAP simply because they call it a scope of the work limit.

.

 

[timd354]

In most cases they are not hiring a trainee, they are hiring a non appraiser to do the inspection ( a RE agent, home inspector , insurance person , anybody)

I think that there are different lenders who are using different models. I know for a fact that one of the largest lenders is only using appraisal trainees to do the inspections for their bifurcated appraisals.

 

[J Grant]

I think that there are different lenders who are using different models. I know for a fact that one of the largest lenders is only using appraisal trainees to do the inspections for their bifurcated appraisals.

That's interesting. Does the appraiser sign off as supervisor? Or nobody signs off on trainee ? Are they named in the report?

 

[timd354]

That's interesting. Does the appraise sign off as supervisor? Or nobody signs off on trainee ? Are they named in the report?

The appraiser does not sign off as the supervisor and nobody signs off on the trainee

 

[Michigan CG]

it wasn't long ago when the MI Realtor association purchased an AMC. Where was the outrage? How has that worked out?

There was a lot of people who did not support the purchase of the AMC. Mostly it is a failure and a small player in the market. I was at some of the meetings before they bought it and expressed fear that they would turn out like every other AMC and my prediction was correct. They surf for the low-fee appraiser.

 

[Carnivore]

The appraiser does not sign off as the supervisor and nobody signs off on the trainee

That is really interesting Danny. I personally don't have a problem with it...but for example in NC that Trainee can't have acquired that inspection assignment because they have held themselves as a Licensed Trainee(which should have included the fact they had a supervising Appraiser or maybe not) to the AMC or Lender. If they are doing this to self train/practice and improve their skills plus make a few sheckels, Well good for them. They can gain experience but can not claim that experience for licensing. Trainees run out of neighbors, friends and family houses to practice on. More Power to them.

 

[George Hatch]

I would say the actions of performing a physical walk-through, measurement and rating of the property attributes at the level appraisers normally operate would require far less training and a much shorter learning curve than earning an appraisal license. If it takes 200 hours of QE to qualify for an appraisal license, how much QE do you think it might take to teach someone how to do the competent physical inspection and subject description portion of what we do?

 

[hastalavista]

That is really interesting Danny. I personally don't have a problem with it...but for example in NC that Trainee can't have acquired that inspection assignment because they have held themselves as a Licensed Trainee(which should have included the fact they had a supervising Appraiser or maybe not) to the AMC or Lender. If they are doing this to self train/practice and improve their skills plus make a few sheckels, Well good for them. They can gain experience but can not claim that experience for licensing. Trainees run out of neighbors, friends and family houses to practice on. More Power to them.

I don't know how they make the cut-off for experience in the Great State of North Carolina, but in California, the physical inspection of a property (unsupervised) would not qualify as appraisal experience as far as i know.

Likewise, an appraiser-trainee could physically measure/inspect a property under their license level (IMO); that isn't an "appraisal" but would fall under "appraisal practice" if they were specifically engaged to inspect the property because they had an appraiser-trainee designation/license (and that is all they do).

 

[Meandering]

Time is less of a question, than bias.

How much bias can a person with no responsibility to the end result have, when taking photos and measurements or not????

And where is the IAEG standard that says no one can influence or change what an "inspector" sends????



Maybe out of work Mortgage Brokers can do those inspections
you know,
the ones that did not open an AMC that survived.


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