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Newly Certified & Wanting To Go Out On My own

Del Toro

Thread Starter
Freshman Member
Joined
Oct 30, 2018
Professional Status
Appraiser Trainee
State
Texas
I have been a trainee in Texas for 3 years and have recently passed my certification exam. Will panels/AMCs sign up a newly certified residential appraiser or do they require a certain amount of experience?
 

EddieB

Senior Member
Joined
Feb 17, 2005
Professional Status
Certified Residential Appraiser
State
North Carolina
There was a time that most AMCs required either 3-5 years after the CR but that may be different now. Your best bet is to call and ask them.
 

bnmappraisal

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
First off, congrats on passing your CR. That's something

Second though ... Why are you so anxious to leave your current employer? Were they that bad to work with/for?

Third, as Eddie says above, AMCs are a big factor and each have their own protocols, so reach out to them and ask their criteria. It's probably going to take some time, but only they can answer that question
 

CGgonnabee

Member
Joined
Apr 10, 2008
Professional Status
Certified General Appraiser
State
Virginia
First off, congrats on passing your CR. That's something

Second though ... Why are you so anxious to leave your current employer? Were they that bad to work with/for?

Third, as Eddie says above, AMCs are a big factor and each have their own protocols, so reach out to them and ask their criteria. It's probably going to take some time, but only they can answer that question
Good food for thought. The immediate separation (usually rapid and without notice) of trainees from their mentors (typically upon licensure/certification) is why it's hard for those wanting to enter the profession to find supervisors. Think about it before you burn your bridge.
 

bnmappraisal

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
Very good point, CG (y)

I stayed with my old boss and his firm a total of about 6 yrs before going out on my own. That was during the crash. I probably would have stayed longer if it wasn't for the crash. But he had to close up the actual office and we all dispersed to our homes. But even then I stayed with the firm. I felt he had given me 2+ yrs, the minimum I was going to do was give him 2+ back.

Toward the end it just made sense for me to open up my own shop though. No hard feelings on either side. We had a nice talk about it and he was happy to see me go on my own. We still keep in touch and talk to this day ... 6+ yrs later.
Think about it before you burn your bridge.
Just think it's worth repeating :clapping: (y)
 

Del Toro

Thread Starter
Freshman Member
Joined
Oct 30, 2018
Professional Status
Appraiser Trainee
State
Texas
First off, congrats on passing your CR. That's something

Second though ... Why are you so anxious to leave your current employer? Were they that bad to work with/for?

Third, as Eddie says above, AMCs are a big factor and each have their own protocols, so reach out to them and ask their criteria. It's probably going to take some time, but only they can answer that question
Thanks for the reply. I’ve recently learned of some questionable behavior by my current employer & I want nothing to do with it. I think it’s imperative that I get out.
 

Del Toro

Thread Starter
Freshman Member
Joined
Oct 30, 2018
Professional Status
Appraiser Trainee
State
Texas
Good food for thought. The immediate separation (usually rapid and without notice) of trainees from their mentors (typically upon licensure/certification) is why it's hard for those wanting to enter the profession to find supervisors. Think about it before you burn your bridge.
I know. It was very hard for me to get into the business for that very reason. I had every intention of staying for at least 5 years until some recent, significant things have come to light.
 

Michigan CG

Moderator
Staff member
Moderator
Joined
Nov 1, 2006
Professional Status
Certified General Appraiser
State
Michigan
Now that you have a CR you are more marketable to other fee shops but getting work on your own could be hard to do as most require 3-5 years of experience AFTER you have gotten that CR. Contrary to what AMCs say, there is no shortage of appraisers; if there was they would be hiring anyone with a license.

It is my personal belief that most appraisers training now don't train correctly as the economics does not work. How do you train someone with the fees AMCs are offering. Even with direct lenders the fees are still what they were a decade or more ago. Therefore I think that a lot of appraisers have been trained very badly but they don't know it.

Right now you are working for a split fee but you don't like some of the ethics of your mentor. Go find another office that has multiple appraisers and talk to them about split-fee work and see if they will hire you and see if you can learn more from a new "mentor" and maybe pick up on some things you might have been taught wrong or reassure yourself that you were taught correctly.

Good luck.
 

Del Toro

Thread Starter
Freshman Member
Joined
Oct 30, 2018
Professional Status
Appraiser Trainee
State
Texas
Now that you have a CR you are more marketable to other fee shops but getting work on your own could be hard to do as most require 3-5 years of experience AFTER you have gotten that CR. Contrary to what AMCs say, there is no shortage of appraisers; if there was they would be hiring anyone with a license.

It is my personal belief that most appraisers training now don't train correctly as the economics does not work. How do you train someone with the fees AMCs are offering. Even with direct lenders the fees are still what they were a decade or more ago. Therefore I think that a lot of appraisers have been trained very badly but they don't know it.

Right now you are working for a split fee but you don't like some of the ethics of your mentor. Go find another office that has multiple appraisers and talk to them about split-fee work and see if they will hire you and see if you can learn more from a new "mentor" and maybe pick up on some things you might have been taught wrong or reassure yourself that you were taught correctly.

Good luck.
Sound advice. Thank you.
 

OP2008

Freshman Member
Joined
Oct 29, 2008
Professional Status
Licensed Appraiser
State
Texas
Another option to consider in order to get yourself out of that situation would be as a Review Appraiser or Staff Appraiser for one of the local banks/ credit unions/ AMC.s or Fannie/ Freddie... it could give you two years of valuable insight & experience for your own reports in the future.
 
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