McKissock dumps PAREA

[Deleted member 158458]

You can make more money flipping burgers than you can as an appraiser these days. I would not advise anyone to become an appraiser today, PAREA or no PAREA.

 

[Tiffany Gibbons]

No matter how fast or conveniently they try to obtain a loan or get a valuation, mortgage lending will not be any more profitable enbeu there is a fixed amount of people getting loans at any given time. People don't buy a house or refinance simply because it is faster to get a loan, and the high costs of refinancing and moving preclude that.

As I said, lenders would give their right arm to turn back the clock and wait a week fof an appraisal since they make 150 k a year vs now the loan officer is lucky to make 40k a year but they can get a fast waiver or hybrid valuation done . /

A house is not a grocery item, and its valuation affects markets and people's equity and savings. The stupid ideas about profiteering are running housing markets and sending prices skewed and harming everyone for what - save the day in closing or a few hundred $ in a valuation fee?

i

Most of the new home contracts I see sometimes (maybe unintentionally) in all the 30+pages) that the appraisal fee will be anywhere up to $1000 even though the actual appraisal fee is nowhere near that because these are national builders where the fee varies, this is on cookie cutter new construction. I'm only doing VA which don't go above $650 in my market unless it's a manufactured home or a complex property you would have to get permission for any additional fee from VA.

 

[George Hatch]

When is the last time you taught a class? Just curious. Seems to be some "Glory Days" style reminiscing going on...

It's been a long time at this point. 1996 to 2012. I quit because online instruction became the favored model for most appraisers and the break-even for a class is ~10 course participants. And I didn't want to travel and spend 3 days/week teaching under the program McKissock was running at the time. It would have cut into my day job appraising.

 

[George Hatch]

You do realize you’re on an appraisal site?

Do your opinions vary based on whether or not other people here will agree with you? Are we all supposed to waive our objectivity in favor of supporting the party line on the unconditional basis, or is there room for some discussion? I'm just asking because your loyalty testing seems to operate off a pretty narrow frame.

How about this: if I'm willing to tell my own clients "no" if/when necessary then why would I patronize my own peers by kissing their *** whether they're right or wrong? It seems the one crowd where reason and objectivity should prevail over self-interest and feelz would be a roomful of appraisers.

 

[Tiffany Gibbons]

It's been a long time at this point. 1996 to 2012. I quit because online instruction became the favored model for most appraisers and the break-even for a class is ~10 course participants. And I didn't want to travel and spend 3 days/week teaching under the program McKissock was running at the time. It would have cut into my day job appraising.

I should have gathered that from your "teaching to the GUYS in the back row" statement ages ago Sorry for just now asking. Lots of students old and new don't dig condescension when taking classes. My mentor is a great USPAP instructor whose classes are always fully booked, got to be going on 35 years now. But he's ASA, not Mckissock.

 

[Terrel L. Shields]

assignment under high pressure for the deadline, getting it scrutinized, challenged and subject to revision for days afterward, ..... for a sub par fee or low AMC salary?

Herein lies the rub... make the pay good enough and it is worth enduring...currently not so much.

You can make more money flipping burgers

Too true.

It would have cut into my day job appraising.

I never taught in light of the compensation. It was just a ready break from the 7 day a week grind. And my assistants could hold down the fort in the meantime. I especially enjoyed the Pennsylvanian classes. They were fairly large up to 60 attendees, and got to meet the likes of Marion the Meandering one, Jtip, etc.

Now I am waiting for a break in the weather to make a short trip to the river valley to take pictures of wildlife at Holla Bend and mosey over to a place I do annually. I am waiting their email any time.

 

[Surf Cat]

Even though PAREA hit a bump in the road with McKissock, this slightly dated article says it all with the mindset of where appraising is going.

How will PAREA, ANSI, PAVE and modernization impact the industry? | News | Valuation Review

Initiatives like PAREA and emerging technologies including artificial intelligence, computer vision and machine learning may prove to be "game changers" in the appraisal industry, according to industry leaders. Read on to learn how advancing technology will impact the profession. Part of the...

www.valuationreview.com

 

[George Hatch]

I never worked for McKissock. And when I refer to pitching to convert the skeptics in the back row that is not an expression of condescension, but one of working in good faith as an instructor. If you put any thought into it you would realize that an instructor is supposed to be working for converts, not preaching to the choir as such.

And FYI, I don't recall the female course participants ever sitting on the back row and waiving their non-verbals at me before. It was always guys sitting back there and cracking wise about how things are done in the real world. The females would mostly sit in the front 2 rows and take things seriously. Or at least not in the hostile manner.

 

[Tiffany Gibbons]

I never worked for McKissock. And when I refer to pitching to convert the skeptics in the back row that is not an expression of condescension, but one of working in good faith as an instructor. If you put any thought into it you would realize that an instructor is supposed to be working for converts, not preaching to the choir as such.

And FYI, I don't recall the female course participants ever sitting on the back row and waiving their non-verbals at me before. It was always guys sitting back there and cracking wise about how things are done in the real world. The females would mostly sit in the front 2 rows and take things seriously. Or at least not in the hostile manner.

Sorry, my trainee had a real A-hole for 'Procedures" and it put him off the whole line of work (3 years ago). This instructor made an older lady cry in class. So that's what I was thinking of, that tone. That teacher died of Covid (that he didn'tt believe in). Yes, we women are front 1 rows, by the doughnuts and more importantly THE COFFEE, and goes without saying, the bathrooms.

 

[George Hatch]

We always provided the coffee and pastries (that's one reason why the break-even was 10 heads).

I always ran 55 minutes in session + 5 min for breaks every hour. More breaks but shorter in duration. I didn't mess around with extended breaks or wasting time on unrelated war stories, either. If someone is basically being forced to pay for 7 or 8 hours of credit then they deserve what they're paying for; plus whatever value-added content I could squeeze in there.

Plus, my style of instructing a CE class among my peers is to respect the room and encourage as much interaction as possible. Less lecture, more discussion based on the common experience. I'm trying to connect the dots between the course content and their day-to-day. I want to interact based on their interests and viewpoints, within the constraints of the course content itself, of course. That's one reason I tried to draw in the guys on the back row - to elicit the opposing viewpoints for discussion and consideration. If I couldn't get them to bite then I had to do the devil's advocate thing and bring it up myself because I was dependent on airing out both sides of these controversies.

I was putting way too much energy into the instruction to sustain it at that level on a full time basis. Best for me as a part time gig. McKissock's program at the time was for instructors to teach 3 days in a row, in various locations. It's an effective program that works for them but I wouldn't have fit into it.