McKissock dumps PAREA

[Zoe]

It is a pretty hard slap to Appraisal Institute.

 

[Tim Hicks (Texas)]

I barely know that the Appraisal Institute is still in business.

 

[Zoe]

I barely know that the Appraisal Institute is still in business.

You got a point. Not many were buying PAREA.

If they were, Mckissock would not have dropped the class.

 

[jay trotta]

For the current 2 year cycle (in my area) most classes were from local opportunities. IF I venture in for the next cycle, McKissock will not see 1 dime for any CEU classes of my money. Their past adventure to undermine the profession/business may lead to another adventure in the same way into the future.

 

[Zoe]

I find some kind of sick glory in knowing PAREA is not earth shaking.

 

[Zoe]

Knowing Appraisal Institute and McKissock, they may push PAREA to a different level on commercial appraisal license.

 

[djd09]

......"One of the primary factors contributing to the cancellation is the substantial resource cost required to provide a product of the quality we envisioned. In our pursuit to deliver a premium solution, the associated costs exceeded initial estimates, resulting in a higher-end price to our customers. Regrettably, we recognize that this higher cost would inadvertently create a new barrier to entry into the appraisal profession – specifically, a financial obstacle."

there are scholarships available...

 

[djd09]

How will PAREA, ANSI, PAVE and modernization impact the industry?​

The Practical Applications of Real Estate Appraisal (PAREA) program, as many appraisal professionals have stated over the past few years, will be a “game changer” for the industry.
Veteran appraiser and Restb.AI Valuations General Manager Tony Pistilli believes there will be more, and perhaps younger and more diverse, individuals entering the profession because of PAREA and Property Appraisal and Valuation Equity (PAVE), and that more, perhaps older appraisers, will leave the industry due to their reluctance to adapt their skill set to new processes and ways to complete valuation products.

“These initiatives along with emerging technologies such as artificial intelligence and computer vision will change the appraisal industry and how appraisals are completed,” Pistilli said. “A majority of states have already adopted PAREA, and I believe others will as the course providers release the actual training curriculum.

“So far PAREA hasn’t had an impact on new individuals entering the profession, but only because it has yet to be released by a provider. Once the program is available, I expect there to be a surge of individuals interested,” he added. “Appraisers have included statements in their appraisals that they are measuring to ANSI standards, but from an appraisal review perspective, it is difficult to impossible to validate that appraisers are actually measuring in compliance with the standards in every case.”

On May 18, the Appraisal Institute (AI) announced the Appraiser Qualifications Board (AQB) approved AI’s PAREA program for the licensed residential path. PAREA, which is an online program, is an alternative pathway for aspiring appraisers to gain their required experience hours to become a licensed or certified appraiser. Historically, the only option for an appraiser to complete their experience hours was through a supervisor/trainee model that requires the aspiring appraiser to find their own supervisor, AI stated.
The Appraisal Foundation’s (TAF) Board of Trustees awarded the Pathway to Success Grant to AI to assist with the development of the PAREA program. The grant is designed to open up the appraisal profession to a new generation of appraisers and stipulates that participant priority be given to veterans, minorities and those in designated rural areas. AI was awarded the full grant amount of $500,000 to build its AI PAREA program in collaboration with its partners. AI also committed more than $2 million toward the program.

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

that article is filled with woke jokes...ansi

 

[Elliott]

I asked Bard AI about membership stats on the Appraisal Institute and it could come up with nothing. I asked the Institute and they said that was private (?). However, the Institute is making political contribution, and maybe someone can explain why they would give money to Hakeem Jeffries(D)?

https://www.opensecrets.org/orgs/appraisal-institute/summary?id=D000024101

 

[gregb]

Per IRS form 990, nearly 16,000 "members"

Appraisal Institute - GuideStar Profile

OUR MISSION IS TO EMPOWER VALUATION PROFESSIONALS THROUGH COMMUNITY, CREDENTIALING, EDUCATION, BODY OF KNOWLEDGE AND ETHICAL STANDARDS.

www.guidestar.org