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PAREA program

Grasshopper, here's the problem.....

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Demand has dried up for SFR appraisals along with the GSEs using AVM and Hybrids. In a strange market phenomenon, the low mortgages of 2020 to 2022, locked in the sell side of the market and drove up prices. Strange real estate market we live in.
 
I'm not sure of your time frame, but don't pay for it. If the AI, TAF, ASC, GSEs, etc. are true to their word you check the box for scholarship money. The appraisal institute's window for Pathways to Success Scholarship is open through September 30, 2025. And I'm sure a quick google search will reveal other opportunities, apply for all. And don't be shy, they have specifically identified veterans transitioning as targets for the help, if you receive no help speak up on social media.

Depending on where you land and when you land, this is a tough business. Refinance and purchase transactions have NEVER been so low, and that's three years running. As a result, indie residential appraiser numbers have fallen roughly half since the peak about 15 years ago. And don't believe the narrative that residential appraisers are gate keepers who don't want to train competition, because not long ago you or any other aspiring appraiser could take the QE courses, pass the national & state test, and were then licensed. After two years of logged experience you could apply for certified. The license option didn't require PAREA or Practicum courses, QE was all you needed. The same people who claim residential appraisers refused to train and caused a shortage and looming demographics problem are the ones who decided the industry had to many appraisers, so they removed the license option only to revive it a few years later with additional classes they sell to the tune of $8-12,000.

Good luck.
Appreciate the feedback! Planning to head to rural NV, about a half hour south of Carson City... so I expect it'll be slow. But with a pension in place and healthcare already solved, I am able to take risks and go through times which would not be feasible for others.
 
Appreciate the feedback! Planning to head to rural NV, about a half hour south of Carson City... so I expect it'll be slow. But with a pension in place and healthcare already solved, I am able to take risks and go through times which would not be feasible for others.
Reach out to Accurity, they are a national firm based in that area. They are heavily involved in Practicum and promoting PAREA.

 
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Hello all...

I am a trainee who is about to complete my first 150hrs of classroom work so that I can enter PAREA for the licensed residential cert. PAREA is about the only option I have as I am currently active duty Navy and unable to work as a trainee in person. It also allows me to move once I retire without losing ground.

Realizing that there is something lost by not working under an in-person mentor, would it be reasonable to work as a trainee under a mentor for a few months even once I have a license through PAREA? Would any of you experienced appraisers entertain a mentor position of someone who is technically qualified but practically lacking? Just trying to figure out the best way forward.
Props for your fortitude to pursue this while you are still on active duty!

Get a mentor, or volunteer to do some inspections for an experienced appraiser in return for some guidance, you can always post questions here and even redacted ( no subject address or names ) of an appraisal ere for feedback as well.
 
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