No College Degree for Cert Generals or Residential Appraisers

[Dublin ohio]

Or that CE should actually be challenging?

Thirty+ years of CE and I have pretty much run out of classes that mean anything. I have even taken a few commercial classes to keep me from being bored to tears

 

[Zoe]

Thirty+ years of CE and I have pretty much run out of classes that mean anything. I have even taken a few commercial classes to keep me from being bored to tears

With the way affordabilty is going, you may need more income cap mindset for rental properties. Ask Fernando.

Let me google renter vs owner occupied. Hold on.

 

[Dublin ohio]

And you haven't seen that behavior from appraisers who do have degrees? In which case, you're being duplicitous or you've never reviewed an appraisal prepared by someone with a degree.

Food for thought. Fernando claims to have multiple degrees..................................

 

[George Hatch]

The goal of a qualification board should be how do we attract the best in the brightest into the profession and retain them. Not to lower the standards to the point where you’re only getting people that can’t do anything else.

That's not the point of appraiser qualifications. Or any other form of licensing.

The moral and appropriate mode of competition control is in the market, not by the hand of govt. That form of rent seeking behavior is exactly what we are accusing the AMCs of doing, and we're calling them evil for doing it.

 

[djd09]

That won't be a problem. They will be competing against appraisers who have a degree on the wall in sociology. That ought to tip the scales in our favor.

can we now safely say that parea is an absolute bust...

 

[Zoe]

Look at this:

Homeowners vs Renters Statistics

National statistics on homeownership & rental properties, including current & historical homeownership rates and rental market trends.

ipropertymanagement.com

Homeowners vs Renters Statistics​

Last Updated: March 10, 2025

Highlights. After a decade of decline, homeownership is up to 65.7% as of the end of 2024, up 4.45% from its lowest point in recent years (62.9% in 2016).

• The nationwide homeownership rate in the fourth fiscal quarter (Q4) of 2024 rate was down 5.06% compared to 2004 Q4.
• 86.285 million out of a total 131.33 million households own their homes.
• 45.047 million households (34.3%) rent their homes.
• Second homes represent 1.25% of owner-occupied housing units; 10.2% of all housing units are vacant.
• After adjusting for inflation, home sales prices increased 102.8% faster than rent prices over a 54-year period.

You may or may not trust the source I posted. That's fine. Do more research.

You know it is location and competency based. That is why you get paid the big bucks for real property rights. Right?

 

[George Hatch]

"What will the lender accept" drives the IRL minimums for appraisal quality metrics. Not what appraisers are capable of doing. Or are capable of learning if it comes down to sink or swim. We can't constantly complain about lenders engaging and using sloppy appraisals without also acknowledging that to be the primary reason those sloppy appraisals exist.

Prove me wrong.

 

[George Hatch]

As for experience criteria, I still think there's more for an individual to understand about operating as an appraiser than the mechanics of filling out the form or passing the test. That's why I oppose eliminating IRL experience hours for actual client usage. It might be okay to cut the hours in half, but eliminating that IRL feedback and interactive experience with actual clients is a big mistake. IMO

 

[djd09]

the problem stems from 15th st...the woke jokes are still there....and we cannot vote them out...where is frank

 

[J Grant]

That's not the point of appraiser qualifications. Or any other form of licensing.

The moral and appropriate mode of competition control is in the market, not by the hand of govt. That form of rent seeking behavior is exactly what we are accusing the AMCs of doing, and we're calling them evil for doing it.

View attachment 105226

It apparently does not occur to you that the AMC huge market share exists because of the rent-seeking GOVT PERK created by the bundled fee provision which the AMC industry exploited wrt allowing them to get from a split from their vendors (of the borrower paid appraisal fee, rather than the AMC charging their lender customer a cost for the AMC their product or service, the way normal business do.