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PAREA: Darn the torpedoes / 3 Sheets to the Wind

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If you can find a way in then that's great - for you. But that will most commonly be a function of you doing whatever it takes to identify and exploit the few opportunities that there are out in the market. You might have to move. You might have to work for free. You might have to buy your hours from a PAREA vendor. You might not ever get in (most trainees don't). But if it's your expectation that appraisers are obliged to lean in for you then you have wandered into the wrong line of work. Appraisers are only going to do that if they think it's in their own best interests to do so.
 
George Hatch said:
...snip....TAF might be playing lip service to the situation for political purposes but I strongly doubt any of the board members are taking on trainees in their own appraisal practices.
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Ding-ding-ding, we have a winner!
 
George Hatch said:
The only people who think the appraisal profession needs more appraisers are the desperate trainees who want in and the bankers who want to make sure they can maintain in perpetuity the surplus productivity and the low fees that go along with an oversupplied market for services. TAF might be playing lip service to the situation for political purposes but I strongly doubt any of the board members are taking on trainees in their own appraisal practices.

And no, you have no clue about what the long term demand is for certified appraisers. You haven't experienced the two previous RE cycles since licensing came online wherein 1/3 to 1/2 of all fully certified appraisers got starved out of the business for lack of work. You literally don't know what you're talking about because you weren't there and you didn't see. So please don't presume to lecture the veterans as to what the market for services is actually like.
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Not lecturing anyone. Just asking questions. And not surprised by the answers, or lack thereof. People want to complain about the process and a new program like PAREA, but won't take steps to help fix it. And you're right. I'm not deep in this career yet. Just hearing about what's out there and possible directly from a good friend that I trust who has been doing appraisals for the better part of 15 years. I'll take my chances with PAREA. Probably get better training from a current program than from some older out of touch appraisers in the area that were grandfathered into certification and were never properly trained themselves. Nice talk.
 
come to ohio, i can get you working same day. not with me though :giggle:
 
The previously existing standards for experience credits have been on the books for over 20 years and they applied to everyone who got their licenses right at the outset of licensing. You are not facing a different experience requirement for entry than has applied to anyone else who came before you except that the number of hours was increased. Which is a meaningless increase when considering the point that it's your first 500 hours that are the hardest to get, not the additional hours after that.

The one change to the experience requirements that did get made was the limitation of trainees an appraiser could supervise down to 3 heads instead of the unlimited number. THAT limitation is what makes it unprofitable for a supervisor to run a sweatshop full of otherwise unsupervised trainees, such as most of the CRs you've been talking to came up under.

If you know CRs in your area and you still can't get them to take you on as a trainee then that just demonstrates the point that they won't do it unless/until they think it will pay off for them over the long haul. I.e., they don't think they need you for anything.
 
Probably get better training from a current program than from some older out of touch appraisers in the area that were grandfathered into certification and were never properly trained themselves. Nice talk.​
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Again, you have no clue of what you're talking about. There's nothing special about being a raw recruit with no experience; everyone here started from that point and made their way forward from it. I worked for other people for 7 years before going out on my own. I had to demonstrate my experience and my education and pass the test, and I personally knew some appraisers with years of experience who DIDN'T get their licenses when licensing came online because they couldn't pass the test.

And what the PAREA critics are complaining about is the disconnect between what happens in live assignments vs what happens in the controlled constructs of the PAREA hours. If they're really going to count those hours for credit it should be at the 50% rate, which means you'd have to accrue twice as many of those hours as would be required for IRL experience.
 
cheustis said:
Not lecturing anyone. Just asking questions. And not surprised by the answers, or lack thereof. People want to complain about the process and a new program like PAREA, but won't take steps to help fix it. And you're right. I'm not deep in this career yet. Just hearing about what's out there and possible directly from a good friend that I trust who has been doing appraisals for the better part of 15 years. I'll take my chances with PAREA. Probably get better training from a current program than from some older out of touch appraisers in the area that were grandfathered into certification and were never properly trained themselves. Nice talk.
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First, I'm not opposed to the attitude, it's something you will need to succeed in this business.

Back to the real issue, demand and fees. Of course that fluctuates, but the reality is most areas just needed more short-term capacity and you likely missed that boat. In my area fees are already down below $400. I just received a text from one of the largest AMCs for a rural assignment (FNMA 1004 for a refi) at $340 and it was gone before I could click. Think appraisers in my area are thinking about training up the next generation or wondering how they can make a living?

One other point, traditionally this was a bring on family/friends business due to the training requirements, and again I agree that was an issue needing a fix. BUT the other side of it is that existing appraisers would still be training family/friends IF the fees and volume would allow, but they don't in most areas. Instead of blaming old timers, take a real hard look at what your good friends are doing NOT what they say. At this point, they aren't bringing family/friends in to what you think is a great way to make a living.
 
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