No College Degree for Cert Generals or Residential Appraisers

[Zoe]

This should get interesting. Thanks TAF. For nothing.

Have you looked at people on TAF?

You should answer me girl.

You know I can get nasty girl. Don't play me like Joan Trice did.

 

[Terrel L. Shields]

 

[Terrel L. Shields]

model using Lotus software.

Lotus 1 2 3... that dates you to the 90s.

 

[Fernando]

Lotus 1 2 3... that dates you to the 90s.

It was better than HP12C.

 

[Zoe]

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.

This one I like. Can you expand if money is in the mix or not? I always knew you were smart.

I understand market structures. I understand how market structures can place pressure on price.

Licensed appraisers are in a oligopsonistic market.

In simple words, there are fewer buyers than sellers.. Buyers have market power on price.

Appraisers are sellers. Buyers have market power on price appraisers as sellers.

Okay?

 

[Zoe]

I'll divert for reference. VA does fee schedule. Many appraisers want it or many appraisers don't want VA fee schedule.

Follow me on fastest and cheapest and whatever terms you reference.

To your credit girl, money is in the mix.

I'll follow back. FHA had fee panel years ago and about when I started.

Is money in the mix?

 

[Zoe]

I will throw the dagger. VA needed no taxpayer bailout.

No AMC. No fastest and cheapest.

Many small banks that engage appraisers directly needed no bailout.

 

[Fernando]

I will throw the dagger. VA needed no taxpayer bailout.

No AMC. No fastest and cheapest.

Many small banks that engage appraisers directly needed no bailout.

VA lending is rare here. Can't make living doing VA appraisals.

 

[Zoe]

I'll do it just for you. The proof is in the pudding on fastest and cheapest and appraisal management companies. Just wait.

Yes, money is in the mix. Competency is big word. Remember the word competency.

 

[chad hampton]

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.