New Exposure Draft

[George Hatch]

Not just everyone has what it takes to be an appraiser, and not every appraiser has what it takes to learn how to appraise the wide spectrum of commercial properties that most CGs appraise.

If supervised experience has it's place with learning how to appraise SFRs then it's doubly applicable to the other property types where you're working with the much smaller and much inferior quality datasets.

 

[J Grant]

Commercial appraisers reject assignments they are not competent in and take ones they are competent in , correct? So how would this be different? IF a cert res upgrades to Cert Gen under the new pathway, they should, as any apraiser, accept only the jobs they feel competent in, which likely would be a more narrow group for someone starting out. If an appraiser takes enough course work and completes case studies of a property type and feel competent to take that assignment, that would be up to them. They would only bid on those jobs or accept those jobs.

If a res appraiser wants to train under a cert gen they can certainly do so, sounds like the better path . Some cert gens opt to do mainly residential work, I presume it is up to appraiser what work they want to take on under the license.

 

[J Grant]

Commercial appraisers reject assignments they are not competent in and take ones they are competent in , correct? So how would this be different? IF a cert res upgrades to Cert Gen under the new pathway, they should, as any appraiser, accept only the jobs they feel competent in, which likely would be a narrow group for someone starting out. If an appraiser takes enough course work and completes case studies of a property or assignment type to feel competent to take that assignment, that would be up to them. They would only bid on those jobs or accept those jobs.

If a res appraiser wants to train under a cert gen they can certainly do so, sounds like the better path . Some cert gens opt to do mainly residential work, I presume it is up to appraiser what work they want to take on under the license.

Not just everyone has what it takes to be an appraiser, and not every appraiser has what it takes to learn how to appraise the wide spectrum of commercial properties that most CGs appraise.

I am sure that is true. Then again, a number of cert gens specialize in a few property types, or do mainly residential. Some res appraisers who opt for the cert gen classes with view to upgrade may dislike the subject matter or not do well and abandon the idea. Some may go on and thrive. Will see.

The wild card in this is would be if RE agents start flocking to appraisal using their experience as alt hours. I think these changes will create a lot of flux in the field.

 

[factsandtruth]

Commercial appraisers reject assignments they are not competent in and take ones they are competent in , correct? So how would this be different? IF a cert res upgrades to Cert Gen under the new pathway, they should, as any appraiser, accept only the jobs they feel competent in, which likely would be a narrow group for someone starting out. If an appraiser takes enough course work and completes case studies of a property or assignment type to feel competent to take that assignment, that would be up to them. They would only bid on those jobs or accept those jobs.

If a res appraiser wants to train under a cert gen they can certainly do so, sounds like the better path . Some cert gens opt to do mainly residential work, I presume it is up to appraiser what work they want to take on under the license.


I am sure that is true. Then again, a number of cert gens specialize in a few property types, or do mainly residential. Some res appraisers who opt for the cert gen classes with view to upgrade may dislike the subject matter or not do well and abandon the idea. Some may go on and thrive. Will see.

The wild card in this is would be if RE agents start flocking to appraisal using their experience as alt hours. I think these changes will create a lot of flux in the field.

I will definitely upgrade to CG now that the mentoring hours have been deleted...Big Opportunity!

 

[JTip]

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

Apples and oranges.

Just because one acquired a CG cert doesn't mean they can do 'everything'. How many CGs have golf courses, coal reports, milking parlors and mortuaries in their quiver? There are CGs that specialize in mixed use and do nothing else. Some even filter down to the 'rank and file' CR work......because it's easier???? Pfft....

CRs can do SF, 2-4 units and review. Many, like myself, stay with single family assignments. Sure I can do a 4 unit but I choose not to.

I've always believed there should be ONE certification; Real Estate Appraiser, able to do everything. As long as you make yourself competent by the end of the assignment, there is no reason for two/three cert levels.

 

[Meandering]

Commercial appraisers reject assignments they are not competent in and take ones they are competent in , correct? So how would this be different? IF a cert res upgrades to Cert Gen under the new pathway, they should, as any apraiser, accept only the jobs they feel competent in, which likely would be a more narrow group for someone starting out. If an appraiser takes enough course work and completes case studies of a property type and feel competent to take that assignment, that would be up to them. They would only bid on those jobs or accept those jobs.

If a res appraiser wants to train under a cert gen they can certainly do so, sounds like the better path . Some cert gens opt to do mainly residential work, I presume it is up to appraiser what work they want to take on under the license.

Run with your thoughts.

A whole flock of newbies turning down everything that is not easy with a ton of available data.

Where have I seen that one before?

.

 

[J Grant]

I've reviewed some terrible residential reports done by St Generals. Which proves at least those particular ones could not "do everything". JTip's post is on target.

I doubt I would want to upgrade as would rather be out of the field in a few years but it's nice to have the option. I wish anyone well who wishes to upgrade. Will see what changes survive of course from this proposal.

I agree with one license not split in two esp since st gens include residential. If one wants to specialize in appraising a certain kind of property or do more complex assignments, go on to apprentice with an appraiser with that specialty and/or pursue the MAI designation/take additional course work. Two license levels are inane...but the AQB marches to its own drum it seems.

 

[Highlander416]

I would hurry to upgrade to CG. Once the reality of the situation comes to light, I bet they will back track on these new guidelines rather quickly. It is true that most trainees do not find a mentor. So, it is logical to assume that most will choose the alt route. The residential and commercial fields will be flooded with certified appraisers who never actually completed an appraisal before. It could get ugly quickly.

 

[bnmappraisal]

Honestly, I enjoy RES work and don't think I would like/enjoy COMM work. I think I'm definitely intelligent enough to do it but honestly don't really have any ambition to do COMM work. Being a CG definitely gives an appraiser more opportunities, no doubt, but I just don't think I would enjoy that side of the field. I never rule anything out in life and don't want to say "never" but I just enjoy RES.

 

[Terrel L. Shields]

The life of a CG has a far more varied existence and no where do appraisers specialize more than in agriculture and even within agriculture. I know an appraiser who has licenses in six states. He does poultry farms, and gets a premium over what I or a lot of other people do. He and three other appraisers that work for him (all CG or CG candidates) average 100 appraisals per year of just poultry farms.

If one seriously specializes, then the fee gets higher and higher, and the accumulation of concentrated data makes it quicker and quicker to make those bucks. The "generalist" CG OTOH has to contend with a wide range of value, but as far as banks are concerned, they only want to pay X dollars. And they won't pay more than that anymore than they will pay a grand for a residential appraisal if they can pressure someone into doing the job. And we often do (did) those jobs in order to keep a client happy.

I once appraised an auto parts store 90 miles away because my client insisted because they had no one they trusted there. It cost me an extra day in that town to collect sufficient info to make me satisfied that I was competent to do it. Was it worth it? Not in real terms except that it kept a very good customer happy. I wish those days were over, but they are not.