May I ask for some insight as a limited license appraiser?

[MUECKI]

Good Morning,
I am a limited license appraiser working very hard at trying to balance how I can possibly attain the 2000 hours needed, while trying to pay my electrical bill? I work under a certified appraiser, however, it is only "hit and miss" to get reports to work on, (which I completely understand, believe me, I am so grateful for his mentorship). I am just becoming concerned about attaining my hours so that I may go to the next level before becoming homeless. lol
So much information, sorry, but all of that above to ask if someone could tell me if as a limited license appraiser, am I able to do appraisals for bankruptcy attorneys or divorce attorneys, or possibly someone looking for an appraisal to take to their tax assessor?
Also, I seem to get conflicting information as it relates to how many hours may be claimed for each appraisal. I was told that the max was 7 hours, and was just wondering if that was accurate.
Lastly, if my mentor does not name me in the report, then isn't it true that I cannot claim those hours on my log? I am also having difficulty with that dynamic.
I so appreciate any and all good information that someone may offer me. I am so grateful for any feedback.
MUECKI

 

[CANative]

It looks like Michigan is a "Mandatory" State.

Mandatory (Man) - Certified/licensed appraisers required for any service for which an opinion of value (evaluation or appraisal) for real property is developed;

So unlike California where anyone can do an appraisal as long as it's not for federally related activity or where a license or certification is needed (say Fannie, FHA, VA, etc.) Michigan requires a license or certification for any opinion of value.

See if you can find several appraisers willing to train you.

 

[Terrel L. Shields]

Your mentor must name you somewhere in the report. It does not mean you have to sign it per se. Also, call the board and simply ask if it is acceptable to submit samples that you work on yourself independently.

In your spare time you can appraise all your kinfolk and friends house for free to gain hours. It took 3 years for my last trainees to obtain enough hours to sit for the Cert test. That could speed up the process. Just be sure you are correctly doing the report in compliance with USPAP and forget Fannie mae compliance when working on private appraisals. Correctly state the actual purpose of the report (it's not lending) and do not use the Fannie mae certification for a non-fannie mae report.

 

[Elliott]

If my goal was to get and substantiate hours I'd build a spreadsheet or buy a time app or pogram to keep detailed records.

 

[CANative]

Your mentor must name you somewhere in the report. It does not mean you have to sign it per se. Also, call the board and simply ask if it is acceptable to submit samples that you work on yourself independently.

In your spare time you can appraise all your kinfolk and friends house for free to gain hours. It took 3 years for my last trainees to obtain enough hours to sit for the Cert test. That could speed up the process. Just be sure you are correctly doing the report in compliance with USPAP and forget Fannie mae compliance when working on private appraisals. Correctly state the actual purpose of the report (it's not lending) and do not use the Fannie mae certification for a non-fannie mae report.

I don't think the OP can get experience credit that way.

http://www.michigan.gov/lara/0,4601,7-154-35299_61343_35414_60647_35474_41328-141857--,00.html

 

[Mike Kennedy]

Good Morning,
I am a limited license appraiser working very hard at trying to balance how I can possibly attain the 2000 hours needed, while trying to pay my electrical bill? I work under a certified appraiser, however, it is only "hit and miss" to get reports to work on, (which I completely understand, believe me, I am so grateful for his mentorship). I am just becoming concerned about attaining my hours so that I may go to the next level before becoming homeless. lol
So much information, sorry, but all of that above to ask if someone could tell me if as a limited license appraiser, am I able to do appraisals for bankruptcy attorneys or divorce attorneys, or possibly someone looking for an appraisal to take to their tax assessor?
Also, I seem to get conflicting information as it relates to how many hours may be claimed for each appraisal. I was told that the max was 7 hours, and was just wondering if that was accurate.
Lastly, if my mentor does not name me in the report, then isn't it true that I cannot claim those hours on my log? I am also having difficulty with that dynamic.
I so appreciate any and all good information that someone may offer me. I am so grateful for any feedback.
MUECKI

Work Experience Requirements

How Do I Verify My Experience?
A detailed log which describes the appraisal experience claimed, including address, property type, number of hours and the date the appraisal or work was completed must be submitted with your application. You may use the Experience Log Form (LAP-310) available from the Forms and Publications page, or you may develop your own log form, as long as it presents all of the required information in a similar format. Also needed for review is one representative appraisal from every 500 hours of experience, up to a total of four appraisals. The reports must show experience in all three approaches to value. The Department may request copies of any report listed on the log.
Experience must conform to requirements found in MCL 339.2613(b) (State Licensed Real Estate Appraisers), MCL 339.2614(a) (Certified Residential Real Estate Appraisers), MCL 339.2615(b)and MCL 339.2621 (Certified General Real Estate Appraisers). Separate logs and samples for different types of appraisal experience should be submitted. Further clarification of experience requirements may be found in board rules 201 - 207.
If experience cannot be documented with reports or samples, applicants should attach a detailed, notarized affidavit from the supervisor. The affidavit should follow the requirements of Rule 339.23203(c). Experience gained by unlicensed "trainees," working in an appraisal office after January 1, 1992, will not be recognized for credit toward licensure.
http://www.michigan.gov/lara/0,4601,7-154-35299_61343_35414_60647_35474_41328-141857--,00.html



Limited real estate appraisers, previously known as valuation specialists, may be the sole inspector for non-federally related transaction, but their reports must also be signed by a state licensed, certified residential or certified general appraiser. Limited real estate appraisers may assist a state licensed, certified residential or certified general appraiser in the development of a federally related appraisal, but they may not sign the report. The limited real estate appraiser should be acknowledged in the report, in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) Standard 2-3, and the Board of Real Estate Appraisers General Rule 403(b).

http://www.michigan.gov/lara/0,4601,7-154-35299_61343_35414_60647_35474_35670-141841--,00.html




http://www.michigan.gov/lara/0,4601,7-154-35299_61343_35414_60647_35474_41328-141843--,00.html

http://www.michigan.gov/lara/0,4601,7-154-35299_61343_35414_60647_35474_41328-141845--,00.html

Suggest phoning your State Lic. Office to determine if there is any restriction as to the NUMBER of Supervisory Appraisers you may work with to gain your experience hours.

 

[Terrel L. Shields]

I don't think the OP can get experience credit that way

I can't tell by that page as the links claim they might have been repealed. ?
But I do see that the assistance must be acknowledged as I suggested..

Licensees in this category, may appraise real property involving any non-federally related transactions. They may also appraise federally related transactions involving non-complex 1 to 4 family residential properties with transaction values up to $1,000,000; complex 1 to 4 family residential property with values less than $250,000, and all other types of property with values less than $250,000. They may assist a certified residential or certified general appraiser in appraising residential properties over $1,000,000 or complex or non-residential properties over $250,000, but they may not sign the report. Their contribution must be acknowledged pursuant to Standard 2-3 of the Uniform Standards of Professional Appraisal Practice

 

[Mike Garrett RAA]

Credible appraisal experience includes doing lots of things appraisal related...at least in my state. We do have a minimum number of assignments but that number is kept secret. Hours...2,000 hours of credible appraisal experience.

 

[bobsofi]

Call the Mich gov appraisal office... over and over... ask them questions often... over and over. After you get off the phone with them... pick up the phone and call appraiser's... over and over... start by calling appraiser's outside your state, if you feel you need to work on your communication skills... keep calling and learning. Ask each one for advise and if they have a number they can give you. Not being named in an appraisal report is not a good thing. I use FREE google voice and earphones on my computer, when I anticipate being on hold. I unplug the earphone and listed to hold music on the computer speakers, while I work, then quickly plug it back in when they finally connect. CALL... CALL... CALL... Reliable accurate verified information, mixed with an acute attention to detail, makes an appraiser.