Knowledge losses over time

[George Hatch]

I object to it being used in lieu of acting in the role in real life.

 

[meatsandbounds]

So how does PAREA fit into in this discussion?

I think that’s another worry of mine related to loss of professional knowledge, is that I can hope those training them are preparing them adequately, but I don’t know what field time they are able to be given on top of what extra knowledge myself or others would have gotten (I would love to be able to model my own regressions in excel, but I’m adept enough in statistics to understand the softwares I use and make informed decisions from them). Additionally, if independent and staff appraisers are having a hard time getting work right now, will these graduates have any better luck?

Probably an update on the PAREA process and how it’s going 5ish years into the program is the only thing that would be interesting if I was going to ValExpo this year. I want the graduates of the program to be able to be set up for success, but I am certainly worried for them.

 

[meatsandbounds]

Like I’m super fortunate that my supervisor gave me a wholistic view of appraisal from not just the boots on the ground independent side, but also the knowledge from his time as a staff appraiser in the banking world for over 20 years, as well as his time as chief appraiser for an AMC. On top of him being able to teach the entrepreneurial/business side of appraisal that doesn’t always get taught.

I would love that for the people in PAREA, but I don’t know the depth and breadth of knowledge that they are infusing these students with at this time.

I’ve definitely been trying to hold on for dear life as a newer appraiser , but hopefully applying to the VA panel will help with a bit more stability here soon.

 

[Carnivore]

Well their is another issue with parea. I don't think it teaches you how to run a business

BUT you have some knowledge that it is a fee service. but thats about it

 

[meatsandbounds]

Well there is another issue with parea. I don't think it teaches you how to run a business

Can agree on that point. Plus the knowledge of the differences between being on your own versus being staff somewhere is probably not top on the priority of teaching. I already have my s-corp set up for when my dad retires the family part of the business here in a few years, cause while I could take it over, our book of business is lean enough right now that it wouldn’t be a loss to not have them under my shop.

But again, hoping the best right now for new appraisers going thru training until I’m at the license level to do anything to be of help to them. By middle of next year I should be able to upgrade my level to Certified Residential, which would allow me to take on at least 2 trainees here in AZ.

Once I could find the right way to make sure they were paid adequately and not shoot my business in the foot as it’s getting off the ground. I’m bullish on trying to weather what’s next, if not for the adventure of it. Appraising still beats food service or call center work, even on its worst days, haha

 

[George Hatch]

I think it's hard to convey to raw recruits the extent to which their integrity is constantly challenged on a weekly or sometimes even daily basis. Everyone else in the transaction wants what they want (which is only natural) but we have to stand apart AND always stand ready to defend our work. How to handle clients who want to test our boundaries without turning them into former clients.

How to make our way through a zoning ordinance or how to run down the zoning map or water/sewer maps, how to find listing info on transactions that closed outside their original MLS listing. Etc.

 

[Joe Flacco]

The mentorship is valuable if you have a good mentor. And to get value out of it, you really need to be working in the same office, not remote. It is useless if your mentor is a hack, and it probably does more damage than good in that case.

What I found beneficial is seeing how other people write their reports. Denis Desaix sent me a sample report a while back, and I got some ideas from seeing his work. A few done by Mr. Don Boucher have come across my desk over the years, and I got some ideas from seeing his work.

 

[Joe Flacco]

I think it's hard to convey to raw recruits the extent to which their integrity is constantly challenged on a weekly or sometimes even daily basis. Everyone else in the transaction wants what they want (which is only natural) but we have to stand apart AND always stand ready to defend our work. How to handle clients who want to test our boundaries without turning them into former clients.

How to make our way through a zoning ordinance or how to run down the zoning map or water/sewer maps, how to find listing info on transactions that closed outside their original MLS listing. Etc.

It's true man. Even if you are not going to get kicked off a panel, if you get punished for a week or two, it hurts your pockets.

 

[Joe Flacco]

I really like seeing work from people putting in their best effort.

 

[Ricky LaFleur]

My theory is that the simpler the appraisal problem the more critics there are for the solutions. Everyone and their dog has an opinion about the SFR values but nobody has anything to say about the solution to a 10,000sf preschool or a 1300sf live/work remodel that was originally built in 1960.

Pretty good theory. I've found the same to be true. If I do get revision request on anything complex, it's usually for a typo or something clerical.