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New Test

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Laurie E

Sophomore Member
Joined
Jul 16, 2007
Professional Status
Certified Residential Appraiser
State
Oregon
I'm curious to know how many of us think we could pass the new Certified Residential exam if we had to take it next week. The bar has been raised!:clapping:
 

The Warrior Monk

Moderator
Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
In my experience, it all depends on where one takes their education. As long as one is not a poor test taker (some people just area, regardless of intellegence), if one takes their education through the Appraisal Institute, taking the test is a no-brainer. The state test is much easier than the test taken in the qualifying courses.

However, if one takes their education through a local proprietary school that tends to focus on form filling, chances of failure are very high.
 

JENIFFERW

Member
Joined
Nov 26, 2007
Professional Status
Licensed Appraiser
State
California
Honestly, I probably couldn't pass it (maybe I could because I am a good test taker), but I really don't want to. Not everyone wants to be certified. I really don't like the way "Licensed" is perceived to be inferior. Maybe it's just a preference?
 

The Warrior Monk

Moderator
Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
Honestly, I probably couldn't pass it (maybe I could because I am a good test taker), but I really don't want to. Not everyone wants to be certified. I really don't like the way "Licensed" is perceived to be inferior. Maybe it's just a preference?

The difference between licensed and certified, until the new 2009 requirements, was nominal, so I didn't see the point of not becoming certified.

In some areas being only licensed is a huge detriment to one's business, such as out where I work. $1,000,000+ properties are very common, and that is where the big appraisal fees are. Having only a license would restrict one to transaction values under $1M, and would basically mean your client base is restricted to MBs and AMCs.

Of course I realize in other areas transactions value of $1M aren't common.
 

AJL118

Member
Joined
Jul 29, 2005
Professional Status
General Public
State
Florida
Passed The Test

One of our trainees passed the test last week after taking it SEVEN times, and he's no dummy. He's was so beaten up after that several month marathon that he couldn't even celebrate. Have to admire his persistence.
 
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