Licensed FHA problems

[Jonah]

And this is the likely issue. At some point during my certification education it hit me that we're not "filling out forms." We're seeking an answer.

While you are looking for an answer the rest of us will be busy solving a problem by filling out the necessary forms. Don't look down you may realize you aren't standing on water.

 

[Functional Obs]

While you are looking for an answer the rest of us will be busy solving a problem by filling out the necessary forms. Don't look down you may realize you aren't standing on water.

I was not "looking down."

My best advice to everyone who is licensed is to get certified--whether you want to do FHA appraisals or not. I used to think that "Certified," meant "1,000,000 loans." It's a lot more than that.

It's really nice to be able to find the value of a house and know you're right. It's nice to be able to check your own work ... with math ... with well-presented ideas. This is the stuff I learned in both my continuing ed and cert classes.

Could I do all this without getting the paper? Sure. But in my case, it was having to get it that caused me to open up to the idea of finding the answer.

So, sorry if I sounded pompous.

 

[Lawrence R.]

This may have already been posted but.

I find all of those who (in 2004) found out that they were upping the barrier for entry...and many states were (at the same time) doing away with the entry license altogether...and many banks were(at the same time) dropping entry level appraisers from their panels...

Well, I find it all a bit naive and perhaps short-sighted:

The everyday walking around person should have seen where this was headed.

FHA is just the next, not the first, of many to say "no thank you" to the lowly licensed appraiser.

Remember the "registered" appraiser? What happened to him? Well, he sure didn't win some big discrimination lawsuit and retire.

They sunset the bottom layer of licenses all the time. First the sun set on Brokers...they had to get licensed--at a point where it was fairly easy to do so...then they did it to registered, and now they will do it to the L.

In a few years, they will re arrange again, and sunset one of the other ones... perhaps the L will still be here, but nobody will use them for FRTs. The good news is: every time they do, they give us plenty of time....4 years was plenty of time to work this out. 50 hours of instruction taken 7 hours per day would take One week to become certified.

In my state you can go from wannabe to CG in 30 months. They gave us 48. More than fair. I am sorry for those who decided not to further his/her career, but you probably have done so at your own folly.

I apologize if this seems harsh, but there really is no need for any feigned surprise or feeling of victim-hood here.

 

[Greggnvegas]

Lawrence..Maybe that is how it is in your state, but other states have different requirements. Maybe there is even Licensed appraisers who WANT to be certified. OR is your post just for people in South Carolina?

 

[Lawrence R.]

Lawrence..Maybe that is how it is in your state, but other states have different requirements. Maybe there is even Licensed appraisers who WANT to be certified. OR is your post just for people in South Carolina?

I am referring to the old requirements, of course in my state. It was a 50 hour difference from L to CR. Now it is more, if you have to start over.

but I don't care if it took an entire year to sort out what your state wanted and then 2 years to actually do it. you would still have one year to spare.

This was a national thing. It all took place at the same time and was all announced at the same time.

the lenders I refer to are national lenders, not state specific, though many of those upped the ante and took entry level licensees off their panels, too.

I am a licensed appraiser and I am not looking down upon anyone when I say this catastrophe(for the OP) was self created.

Most of which has nothing to do with the new regulations and everything to do with his not keeping his membership up to date. The rest is just window dressing. But, since it was the thrust of the argument, rather than just state that all of that is a nonsequitor, I thought I would poke a hole in that argument, too.

 

[Greggnvegas]

Well in Nevada, in addition to what many other states require, (even the older requirements) you must also have 500 hours of complex appraisals. I have all my CE and upgrade classes, but after years of appraising, not even close to the 500 complex hours.

 

[Howard Klahr]

Oh, and by the way, Licensed and Certified both came into existence at the exact same time - FIRREA. The legislation that created these two separate and distinct categories of licenses acknowledging a difference and limited the amount by value and complexity of assignments, non-complex, that those that achieved a Licensed versus Certified classification could perform.

 

[Lawrence R.]

Well in Nevada, in addition to what many other states require, (even the older requirements) you must also have 500 hours of complex appraisals. I have all my CE and upgrade classes, but after years of appraising, not even close to the 500 complex hours.

Yeah, we have that part, too.

We use a segmented matrix.

Education, testing, and experience. Each one has its own criteria. When the new criteria came in, any module that you had completed, you got credit for...so if you completed the education module--which is valid for 5 years--before the new law, you didn't have to go back and redo your education. If you were almost finished, too bad.

if you had passed the exam before the deadline(good for 2 yrs here) good for you. You don't have to take the new test.

The experience criteria didn't change.

So, if you were one class shy, or you took your exam 2 years ago, you have to re-complete those modules.

Each state made the rulings about this in 2004. Most states are like mine, with the segmented approach.

So, if you took your education in 2007, and passed the test in 2007, your education credit is good until 2012, and your test is good until 2009.

I think the majority of states went this way. So, you could have taken your education the old way, passed the old test, and still had 2 years to get your experience.

Not sure if Nevada did this or not, but most did. Oregon I think was an exception.

But regardless of any of this, we all had plenty of time to upgrade.

 

[Greggnvegas]

No, the only thing Nevada changed was to add the college degree or college hours. Not a big deal for me since I have my college. Just trying to get the complex hours. We have so many cookie cutters here, it is real difficult. I know a bunch of appraisers that did not have the opportunity to upgrade as people in other states. If it was as simple as in your state, I would have been done years ago.

 

[Green Hornet]

Here in the Hive we get a quarterly news letter with all the sanctions handed out to the Real Estate professionals governed by The Division of Utah.

March 2008-83.4% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

July 2008-43.2% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

October 2008-83.4% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

January 2009-75% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

To those that feel that we all had the same opportunity to become certified you are talking out of your a**. With my situation it was impossible to to upgrade in time due to inconsistent standards of my lovely state.

We have all seen some pretty weak question's being asked on here and have all seen fraudulent appraisals coming from both license levels.

HUD will see that this will not fix the problem in the long run.

The designation does not make the appraiser, the appraiser makes the designation.

The percentages would have a bit more context if you also provided the % of the whole appraiser population comprised of certifieds. How sanctions would also be informative.

Thanks