No College Degree for Cert Generals or Residential Appraisers

[Joyce Potts]

This should get interesting. Thanks TAF. For nothing.

 

[Joyce Potts]

Follow the money. You're going to see an even bigger explosion by appraisers who will come up with all the necessary education opportunities to get in to the appraisal TRADE. It will still be cheaper than a typical college degree, but money, as always, is at the heart of this change, IMO.

 

[ilsindaco2628]

This should get interesting. Thanks TAF. For nothing.

Is there an article you can link?

I was looking at some of the requirements and if you don't have a college degree you can still go from licensed to certified by having a certain number of credit hours in specific courses... and the requirements are practically impossible.

Last option is to wait 5 years after becoming licensed.

 

[Joyce Potts]

AQB Public Meeting - Virtual | Phil Crawford | 11 comments

ALL COLLEGE DEGREE REQUIREMENTS WILL BE ELIMINATED!? So 8 people in this county have the ABSOLUTE POWER to impact thousands of appraisal firms that collect millions of dollars in annual revenue?! 8 people! Really? Did Congress authorize this amount of power to the Appraisal Foundation? Did...

www.linkedin.com

 

[Terrel L. Shields]

It doesn't matter. People are shunning college and for good reasons. Secondly, as I have long argued, the fact we place all "real property" in one box divided into Res and Cert gen speaks volumes about the stupidity of the requirement.

Mineral rights are real property and USPAP ignored that fact for a full decade plus claiming mineral rights were intangibles?? WTF??? So, your underwater basketweaving degree qualifies you to be a mineral appraiser? A forestland appraiser? A water rights appraiser? You are qualified to value high rise apartments, mega-warehouses, airports, and golf courses just by passing the test.

Design a curriculum for residential valuation and you might do that. I know several universities with Real Estate and Insurance degrees. But the broad category of certified general work isn't going to be "one size fits all". And how do you vet industry experience? Just because you worked for the Farm Services Administration doesn't make you a competent appraiser. I know. I turned one in, and he surrendered his license and cannot come back to this state until he faces the board, not even on a temporary license.

If you have some generic degree requirement, then you are excluding people that are truly experienced in valuing and assessing particular property types. Do you think a city dweller with an English degree should be valuing poultry farms? Do you think an agri appraiser from the panhandle should be valuing hospitals? Airports? Refineries? I will trust a single engine qualified pilot to know more about a municipal airport than the appraiser who has never even sit foot on a small airport.

 

[ilsindaco2628]

It doesn't matter. People are shunning college and for good reasons. Secondly, as I have long argued, the fact we place all "real property" in one box divided into Res and Cert gen speaks volumes about the stupidity of the requirement.

Mineral rights are real property and USPAP ignored that fact for a full decade plus claiming mineral rights were intangibles?? WTF??? So, your underwater basketweaving degree qualifies you to be a mineral appraiser? A forestland appraiser? A water rights appraiser? You are qualified to value high rise apartments, mega-warehouses, airports, and golf courses just by passing the test.

Design a curriculum for residential valuation and you might do that. I know several universities with Real Estate and Insurance degrees. But the broad category of certified general work isn't going to be "one size fits all". And how do you vet industry experience? Just because you worked for the Farm Services Administration doesn't make you a competent appraiser. I know. I turned one in, and he surrendered his license and cannot come back to this state until he faces the board, not even on a temporary license.

If you have some generic degree requirement, then you are excluding people that are truly experienced in valuing and assessing particular property types. Do you think a city dweller with an English degree should be valuing poultry farms? Do you think an agri appraiser from the panhandle should be valuing hospitals? Airports? Refineries? I will trust a single engine qualified pilot to know more about a municipal airport than the appraiser who has never even sit foot on a small airport.

I think this is an important point.

I also think that one of the requirements being the value of the property is kind of insane.

If you are licensed, you can appraise up to $1,000,000. What if the contract price on the purchase is $989,000 but through your research the value might come out to $1,050,000 or something like that?

Also why should that requirement apply as a blanket for every state? $1,000,000 in South Dakota might be a huge deal... but $1,000,000 in New Jersey is a 1,500 SF Cape COD in a lot of towns.

 

[Tim Hicks (Texas)]

Honestly, you only need a trade school to be a residential appraiser.

 

[Terrel L. Shields]

you only need a trade school to be a residential appraiser.

You need to have some proficiency in reading the rules and understanding the text books on appraising along with writing and math skills. I can't think of much else except the key ingredient. And that ingredient is a logical thought process so that you can analyze property in a sound and consistent manner.

 

[chad hampton]

This has been in the works for a decade. Big companies don’t want educated people - that cost too much money. Their playbook was clear from the beginning. There’s only a handful of massive AMC‘s that do a bulk of the work and maybe a dozen or so other ones that do anything of significance. They’re all morphing into appraisal companies, which is clearly not permitted. but their threats of lawsuits are good enough to scare off any regulatory board. They want a cheap workforce with money flowing to the top. This is what some of us predicted many years ago when we first had dealings with these creatures.

TAF is an embarrassment.

 

[RCA]

I am making an over-the-top valuation system that strives for absolute dominance in accuracy, impartiality, structured reasoning, documentation, and support. The requirements to handle go far beyond some totally arbitrary college degree.

I don't care much about degrees, as there are just too many dumb rotheads around who take drugs for it to mean that much. I am looking for a stable genius who embodies creativity, personal stability, energy, memory, and the ability to learn, solve problems, and handle complexity.

So is everyone else, really. The LAST thing anyone wants is some Ph.D. from some Podunk University with a degree in Philosophy, History, or the like who doesn't have any skills needed for the job.

Still, it is hard to get good information on people. So, if I am looking at someone's LinkedIn profile, I will start with their college degree as a general indication of their starting point, then go through their experience and achievements. I think the old SAT, GRE, and such tests were good indicators of intelligence, but they went south in the late 1990s for the sake of DEI. Mensa stopped using them as substitutes for intelligence tests. They equated my 1973 GRE scores to an IQ of 142, for example. However, my math IQ is much higher than my verbal IQ. But you will find people who have high test scores who are unproductive in their professional lives. So, you need to look mostly at actual, real achievements and experience. Recent proctored exams are also important and meaningful.