PAREA: Darn the torpedoes / 3 Sheets to the Wind

[jay trotta]

This is the root of the trainee problem, no doubt. Remember, though, that the lenders' actions were the result of appraisers abusing the (then) freedom of allowing unsupervised inspections. I have seen the enemy, and he is us....

Agree in part, a simpler solution is always available, so let's invent a program where the lack of experience and Education is reliable?, PAREA, yup that's the ticket.

 

[bnmappraisal]

Feels like a lot of these comments are just doom & gloom from older appraisers worried about being replaced by young hungry trainees that are looking for a way into the business.

No, a lot of the comments you're reading on here come from serious seasoned vets in this industry.
I'm 41, been Cert Res since 2/2009. I still consider myself a "rookie" with many of my fellow forumites, including many on this thread

That being said, I started as a trainee in Tampa in 2006 - right as the bubble was about to burst. I watched the whole crash, etc from the front row. We got hit hard (I see you're in Jacksonville)
It's not all doom and gloom, it's just the reality of the industry. I got my button at the absolute WORST time. Thankfully my wife was gainfully employed and we managed through it. Since then I've been able to build my business, and I get a few calls/emails asking if I am taking on trainee(s). Unfortunately, for reasons I won't get into on here right now, I cannot take on anyone at this time, but it definitely isn't out of "fear" of being replaced by a "young hungry trainee"

 

[bnmappraisal]

So why take work from an AMC? Why not just take work directly from a lender/client? Honestly asking.

That's a very good question, honestly answering

AMC work is the "low hanging fruit" in this industry. It is pretty easy for most appraisers to get on MANY AMC lists. Many AMCs have limited requirements to get on their lists. I speak from experience from both sides of the fence (I worked at an AMC in Pittsburgh, PA before moving to FL and becoming an appraiser) And as @Mejappz said, AMCs have a decent chunk of the lending work available out there (there are many threads about that - just do a search on here)

Direct lender work and non lender work usually come after years of being in the business. Most lenders require min 3 or 5+ years experience (post CR) before they add an appraiser to their panel. That's just their requirement(s)
So that's why many appraisers end up doing AMC work instead of direct lender/client

 

[bnmappraisal]

Got my trainee license in Florida several months ago. This is an interesting thread

BTW, I forgot to say, Welcome to the Forum! Salut'

 

[alebrewer]

Agree in part, a simpler solution is always available, so let's invent a program where the lack of experience and Education is reliable?, PAREA, yup that's the ticket.

I don't know. It may turn out that PAREA folks are better trained than folks who sit with Joe Bob for two years...

 

[bnmappraisal]

That could be true @alebrewer
I guess it would depend on who the "trainer/supervisor" is for PAREA

 

[bnmappraisal]

I will add to my above and also again to what you said, Ale, there's always the saying "There's the rules, then the rules of the jungle"

In other words, there's the book stuff of "how to appraise" and then there's the real life scenarios that happen to all of us once we are out in the field for some time
15+ yrs deep and still learning stuff all the time!!!

 

[alebrewer]

I will add to my above and also again to what you said, Ale, there's always the saying "There's the rules, then the rules of the jungle"

In other words, there's the book stuff of "how to appraise" and then there's the real life scenarios that happen to all of us once we are out in the field for some time
15+ yrs deep and still learning stuff all the time!!!

No doubt PAREA folks will be jumping into the deep end when they get their credential.

 

[Non Sequitur]

I don't know. It may turn out that PAREA folks are better trained than folks who sit with Joe Bob for two years...

Better trained at what?

At this point I think (from prior posts) we both agree that until a PAREA course is approved we don't really know. But as it stands now there are no requirements in PAREA for supervision/supervisors before/during/after or any "training" other than classroom time. With that in mind, I'm not hopeful.

 

[alebrewer]

Better trained at what?

At this point I think (from prior posts) we both agree that until a PAREA course is approved we don't really know. But as it stands now there are no requirements in PAREA for supervision/supervisors before/during/after or any "training" other than classroom time. With that in mind, I'm not hopeful.

Agreed.