No College Degree for Cert Generals or Residential Appraisers

[George Hatch]

It was, and is efficient for appraisers tgo market directly to lenders- I did it for my group of clients then, and now-most appraisers just need a handful of clients who give them repeat orders.

Wholesale is not a good match for appraisers because we can not scale up in volume the way farmers or manufacturers do. The economy of scale only works for the AMC while it harms the appraiser, who has to give up a huge amount of their fee to get work from the same client they had direct, before the HVCC led to the insertion of the AMC as a middleman/third party.

Not efficient for the lenders to make 110 phone calls in order to place 20 appraisal assignments when they can make one phone call and get those assignments place and managed.

The AMC appraisers do no marketing or collection of their own, so that's more efficient for them, too. It just doesn't pay as well.

Increasing or decreasing fees would have no bearing on the efficiency angle. It takes them just as much effort to place the assignment whether the prevailing fee in the market is an $800 fee or a $200 fee.

Back in the day appraisers used to understand the meaning of the truism "the real estate market is imperfect and inefficient". Not no more, I guess.

 

[Non Sequitur]

Watering down or rebranding of the profession? Interesting take from Phil Crawford:

 

[glenn walker]

When asked by young people most appraisers told them it required a college degree and I believed this until I had a young guy who really wanted to upgrade his license and I started to do the deep research and found out it wasn't true and he took a college online math and I forget the other course but he got Certified.

A few years later I helped a 35 year old get his certified licence with no college degree just the required gen ed stuff. The problem is almost nobody ever reads the fine print and don't call their State License Board for guidance.

So reality nothing's really changing their just making it understood that you won't need a college degree. My Bachelor degree in Sociology and History from 1980 certainly didn't help my Real estate career.

 

[George Hatch]

I definitely agree with the idea that the public high schools are graduating seniors who can't write a paragraph or work their way through a simple equation. So "nothing" isn't the answer.

 

[glenn walker]

I definitely agree with the idea that the public high schools are graduating seniors who can't write a paragraph or work their way through a simple equation. So "nothing" isn't the answer.

So what if you can't read or write or fill out forms by 18 your not going to want to be an appraiser anyway but residential appraisers in general do very little writing summary reports anyway as most is grids and boxes and cut and paste and the new 3 6 will walk them from grid to grid check box to check box.

Commercial and Complex yes more english and writing skills but even that's simple for most with good software not like using a IBM electric typewriter with white out to correct your mess.

 

[Surf Cat]

residential appraisers in general do very little writing summary reports anyway as most is grids and boxes and cut and paste and the new 3 6 will walk them from grid to grid check box to check box.

Dude, you are so far removed from doing appraisals that you're thinking of how it used to be. Three comps, no actives or pendings to determine market direction, no charts or graphs or Excel spreadsheets to prove your adjustments. Check the stable box, hand it in, you're done. That's how it used to be when your hips were still good.

These days there's a boatload of writing, explanation, defending, of why, what, where, when.

From what I've seen of the 3.6, appraisers are going to avoid checking certain boxes so as not to write paragraph after paragraph of explanations. "Is the subject property at its highest and best use?" Hit the "yes" chec box, you're done. The powers that be "want this" from a frigging iPad in the front seat of your car outside of the subject property.

 

[glenn walker]

Dude, you are so far removed from doing appraisals that you're thinking of how it used to be. Three comps, no actives or pendings to determine market direction, no charts or graphs or Excel spreadsheets to prove your adjustments. Check the stable box, hand it in, you're done. That's how it used to be when your hips were still good.

These days there's a boatload of writing, explanation, defending, of why, what, where, when.

From what I've seen of the 3.6, appraisers are going to avoid checking certain boxes so as not to write paragraph after paragraph of explanations. "Is the subject property at its highest and best use?" Hit the "yes" chec box, you're done. The powers that be "want this" from a frigging iPad in the front seat of your car outside of the subject property.

Dude I was doing them in 2024 and still doing consulting. Like I said Complex or Rural yes but not cookie cutter tract homes and I rarely used less than 5 or 6 comps after 2008. I haven't done a 3 comp report since about year 2000.

 

[glenn walker]

Dude I was doing them in 2024 and still doing consulting. Like I said Complex or Rural yes but not cookie cutter tract homes and I rarely used less than 5 or 6 comps after 2008. I haven't done a 3 comp report since about year 2000.

We been using Charts and graphs since 2010 and making market conditions adjustments. Sounds like you waited to be forced into using modern technology it's not that difficult if you have the right tools. Lmao )

 

[Surf Cat]

Dude I was doing them in 2024 and still doing consulting.

And you were just checking the boxes with no explanations? And the lender accepted those?

 

[Fernando]

I have canned comments to protect my as* to be put into the report.
And I would custom fit them related to the property.
My comments are to convince the reader of my value and at same time protect myself.