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No College Degree for Cert Generals or Residential Appraisers

It's a trade? I wish it was, but I don't carry a tool belt or drive a work truck with 25k worth of tools and equipment in it.

Even though they all say in in a condescending tone - I've been told we are experts at analysis, sitting at our desks and the appraisal inspection portion of the appraisal is so far below our value, it's a complete waste of our incredibly valuable time. So which is it?
 
Non Sequitur said:
Yep. But I think TAF and the AQB thrive on drama. None of this should have ever been an issue, there should have always been two paths: 1) College degree, QE, national/state exam, experience, certification. 2) No college degree, QE plus some additional course work, national/state exam, certification.

Easy-peasy as opposed to a college degree or SOL, or college degree means nothing. Anyhow, this isn't happening in a vacuum. Within the context of the politics of our industry, everything happening benefits the course providers and firms who hope to make bank off of the dreams of aspiring appraisers.
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Michigan made my brother take a CLEP test before he got his Certified General. Seems to be a reasonable accommodation. I had a degree in civil engineering and a Professional Engineer license when I started and the depth of knowledge I started with was a huge leg up. I don't think many people are making bank off the hopes and dreams of aspiring appraisers. PAREA is a loss leader for the Appraisal Institute although I think McKissock probably does alright.
 
Chad pretty much nailed it.

Ill add this. All of the pro get rid of the degree or you do not need a degree folks here are missing the point.

It's not really about the degree. It's about watering down the barrier to entry.

They want to get rid of IFAs.
National firms and AMCs are Having a hard time finding appraisers to work for them. So, reduce the barrier to entry.

A couple of large home inspection firms lobbied NC and now the only thing you have to do is pass a test. Great. Pass a test and now you can call yourself a licensed home inspector.

This is what is wrong with this profession.....as soon as we get certified...we got out on our on...and become churn and burn appraisers.

Perea and just passing a test will make this worse. We need mentorship by appraisers who actually know what they are doing....beyond the cookie cutter assignments that are going away?

Pass a test and start appraising complex properties (waivers will get the easy ones). What can go wrong. Bazzrow world.


Car crash waiting to happen.

What can go wrong?

 
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I always thought the 2008 criteria struck a functional balance between all or nothing. I also thought that bumping to 14hrs/year for CE was overkill.
 
NC Appraising said:
Chad pretty much nailed it.

Ill add this. All of the pro get rid of the degree or you do not need a degree folks here are missing the point.

It's not really about the degree. It's about watering down the barrier to entry.

They want to get rid of IFAs.
National firms and AMCs are Having a hard time finding appraisers to work for the. So, reduce the barrier to entry.

A couple of large home inspection firms lobbied NC and now the only thing you have to do is pass a test. Same with re agents...pass a test.

What can go wrong?

Click to expand...
It is not the function of licensing to act as a barrier to entry to protect the economic interests of incumbents. They might function as a barrier but that isn't their intended purpose. The function of licensing is to demonstrate the qualifications it takes to competently perform the role. When you pass the test for a QE course you are demonstrating that you were exposed to that material and understood it well enough to pass that test. After that the "nobody ever told me" defense becomes a non-starter because you demonstrated otherwise.

Licensing isn't used to arbitrarily limit the number of lawyers or engineers or medical professionals, either. But to ensure the baseline it takes to work effectively in those occupations. If we want more specific instruction on how to SR1 appraise and SR2 report then perhaps we should be increasing the number of QE hours where such instruction actually occurs.
 
The biggest joke is that TAF and the AQB are still tinkering around with this going into three decades. Flat out failure of leadership. But it’s all politics, and follow the money for the real reasons behind the upteenth change in qualifications.
 
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