We did it and it has been a grand success. The head of the state appraisers board praises our group all over the country! He was just elected President of National Association of Real Estate Boards so he has some clout.
Our group started out as 6 appraisers who needed input from other appraisers because underwriters were tearing them up. They would meet for lunch once a month. Other appraisers heard about it and wanted to be part of the group....so, the Colorado Association of Real Estate Appraisers (CAREA) was formed. The organization is now 10 years old and has grown to nearly 150 members from all over the state of Colorado. We have people driving 150 miles round trip just to attend.
We meet 6 times a year now. Our meetings are dinner meetings ($12.00 for members, $15 for non-members). We have been approved for continuing education credit up to two hours for each meeting. Our guest speakers include State licensing officials, E & O people, local and county assessors, contractors, builders, VA & FHA reps, FEMA flood experts, subsidence experts, and on and on. Dues are $25 a year which covers our mailing expenses and part of the meal costs.
Really good points......great place for registered appraisers (trainees) to meet potential employers. Cheap continuing education. Social interplay between appraisers. A chance to correct problem appraisers before they go to jail. A fun time.
Difficult things....lots of work planning meetings, speakers, and keeping track of members dues and reservations. We have an executive board, President, Vice President, Secretary, Treasurer, Membership Chairman, and Program Chairman. The former president is also a board member. The board meets for lunch on the off months to plan the next meeting.
If you volunteer to be part of the start up for such a group remember "only busy people seem to get things done". It takes dedication to the group to make it work. Be sure to charge for membership....."no such thing as a free lunch". We are presently considering raising our dues from $25 to $100 a year which will automatically include the 6 meetings and 12 hours of CE credit. This is becomming necessary because of the paperwork required each month just handling the checks and reservations. While it might make the group slightly smaller, it will take a tremendous load off the executive committee.
One other point. Periodically have a meeting where there is a panel of "experts" ...older more experienced and mature appraisers who will tell it like it is. Accept written questions from the group prior to the meeting about appraisal problems. Let the panel of experts discuss each question. Do not throw it open to general discussion or you will never finish the meeting. Same with USPAP, have the USPAP instructors field the questions but no general discussion.
Ok, thats it. It is both fun and a lot of work to pull it off...but you can do it. We did it! Check us out at
WWW.CAREA.net.
Mike Garrett
Past President
Current Treasurer