If you cannot find a supervisor, will PAREA be a good alternative option?

[Jacob Coleman]

Many trainees said that they are unable to find a supervisor. So the AQB recently approved the PAREA program. This way, you can accumulate the work experience credit without a supervisor.

I included some info and a demo clip in this post and thought it would be to good share. https://realestatecareerhq.com/parea/

So what's your thought about PAREA?

 

[alebrewer]

You must be new around these parts... Most folks on here aren't a big fan of PAREA. If I were wanting to break into the business, though, I'd be a HUGE fan - as it is impossible to find folks to take on trainees. That said, just because it's been approved by the Foundation doesn't mean it's been implemented by the states. That could take a while. I'd reach out to CBREA (I think that's the acronym for CA) and ask how long before it's implemented...

 

[EddieB]

For one perspective......

I learned all I needed to know about flying a plane from reading a book. But I did take a hands on class about how to take off once

That’s just one perspective....

 

[Elliott]

I imagine most appraisers who gained 'real' experience are skeptical of 'under the hood' learning, seems like a gimmick. The real question is how much state agencies adopt PAREA. My guess is they'll give you 500 or 1000 hours of credit, but will still expect conventional hours of experience.

But if you have a license, with no experience, how do you get approved by a lender is the next question.

 

[Mejappz]

This is a gimmick by TAF to appease their big IAC partners, the AMCs.

Funny that we have another thread about appraisers churning out reports and receiving letters from the GSEs.

Parea was implemented to get as many form-fillers as possible on staff for the AMCs so they can continue to produce in high volume.

 

[alebrewer]

Parea was implemented to get as many form-fillers as possible on staff for the AMCs so they can continue to produce in high volume.

Disagree. PAREA was implemented because there aren't any appraisers who are willing to take on trainees...

 

[Mejappz]

There aren’t any appraisers willing to take on trainees because it’s not financially feasible to do so.

 

[Alsie35]

Disagree. PAREA was implemented because there aren't any appraisers who are willing to take on trainees...

That's how I see it. They had to do SOMETHING before it reached a crisis point with half of current appraisers (or more) looking to retire within 10 years or less. Its either PAREA or mass desktop automated appraisal values based on 'big data' alone (and we all know how well THAT would end).

 

[alebrewer]

There aren’t any appraisers willing to take on trainees because it’s not financially feasible to do so.

I'm not arguing WHY appraisers don't take on trainees - I'm saying there has to be an alternative avenue - and they picked PAREA.

 

[djd09]

What IS a “ClearVal Appraisal”?​

The appraisal management fee was $225.00. Of that the appraiser was given $25.00. 10:1 ratio-sounds about par. I’m sure its C&R. Heck, compared to what they pay in Bangalore or Mumbai, India its H U G E!

Clear Capital Value Not So ClearCut - What IS a “ClearVal Appraisal”?

Phone the guys over in India & ask them how much to adjust size, location, age, quality, etc. Information developed post appraisal is that the owner was not able to obtain an appraisal at the hybrid value ($100,000) in order to pay off the existing loan & investors. Was he mislead by an inflated...

appraisersblogs.com

of course they need parrea. see above

brewer? the blog? spewing the truth? how dare they.