New Exposure Draft

[Michigan CG]

That could be a good opportunity for cert Res who want to upgrade.

That would be a great way to lose a license. Insanity is a better description.

 

[Highlander416]

That would be a great way to lose a license. Insanity is a better description.

You don't think a couple night classes would prepare someone enough to set up shop as a commercial appraiser in your area? There will be some case studies discussed in the classes.

 

[George Hatch]

It would be a lot easier to learn how to appraise SFRs out of a book than to learn how to appraise *everything else*.

And no, I certainly do not think cutting trainees loose to appraise SFRs without any experience requirements would be a good thing.

I think the AQB should just go back to the 2008 Education requirements for SLs and CRs who have the requisite time in this occupation, and leave the experience requirements alone.

 

[Joe Flacco]

They are proposing that for certified residential at least one of the four options must be satisfied.

1) Bachelors Degree
2) Completion of 5 CLEP exams.
3) 15 semester hours of college
4) Combination of 2 and 3.

Am I missing something here? That makes the education criteria less than when I started training.

 

[George Hatch]

2+3 = 3, at least as far as I'm concerned. That's basically the same as the 2008 requirements. If the purpose of having some academic requirements is to ensure that the CRs can read and write a complete sentence and have some glimmer of economics then I don't think it makes any difference how they demonstrate that.

 

[Highlander416]

They are proposing that for certified residential at least one of the four options must be satisfied.

1) Bachelors Degree
2) Completion of 5 CLEP exams.
3) 15 semester hours of college
4) Combination of 2 and 3.

Am I missing something here? That makes the education criteria less than when I started training.

I think the big difference is with the experience requirements as opposed to the education. No experience hours will be required, which is a lot different than the 2008 requirements. That is the game changer in this proposal.

 

[Joe Flacco]

If the requirement is 15 semester hours of college and no experience then they should just get rid of licensing.

Competing with new appraisers without any experience is going to be a walk in the park. That's like NBA or NFL vs high school.

 

[Joe Flacco]

No experience requirements could be good. The current trainee system does not produce professionals. We need a culture change.

It is a game changer for sure.

 

[Proactive]

I think the big difference is with the experience requirements as opposed to the education. No experience hours will be required, which is a lot different than the 2008 requirements. That is the game changer in this proposal.

Pages 14-17 examine the possible elimination of time requirements, hours reduction and alternative experience options, but the draft does not eliminate experience hours altogether. Am I missing something? (If I am, it wouldn't be the first time. )

 

[Terrel L. Shields]

We like to compare ourselves to attorneys and accountants. I'd argue that in many respects, plumbers and electricians may be a better comparison.

Very apt observation.

Until the AMC model changes the profession will not be desirable. AMCs are still broadcasting $200 orders with 24 hour turn times, sending daily e-mails and making daily phone calls...Until those things change appraisers are not going to take on trainees.

Exactly.

depends on which elephant you're talking about. To many appraisers refuse to acknowledge the other elephants, I know the room is crowded but this is a multi elephant situation...The trainee system is broke and has been for a long time.

Yes, it does take too long and seems to have some serious drawbacks compared to the way, say an engineer-in-training, might be vetted.

because it takes much longer to train a CG than a CR.

Yes, but OTOH, I am not sure the CR does not have the harder job and the most liability...which even in light of George's observation, ...

It would be a lot easier to learn how to appraise SFRs out of a book than to learn how to appraise *everything else*.

Perhaps the problem is not a STANDARD 1 issue, rather it is the complexity of writing a secondary market report (a Standard 2 issue) and jumping thru all the fannie hoops while hoping to do so effortlessly. Fannie speak with forked tongue. They want simple report with minimal boilerplate but otherwise want the whole kitchen sink of Standard 1 requirements not only addressed but included, in detail, in a report. Frankly, I don't think I could complete a URAR to an FHA or Fannie Mae "standard" and expect to not be zinged on a routine basis.