PAREA program

[Non Sequitur]

Wow, that is amazing. Just cut AI a check for 12k. I swear, it's everywhere you turn in this profession. We need a massive purge of the unethical creatures at the top.

After spending $2-3k on QE.

What's even crazier, the insta-toot is losing $30k a month at those prices (down from $80k monthly before the grant money started flowing in). But that's not because tuition isn't expensive enough, PAREA is being treated as a piggy bank for the connected in Chicago. Cha-ching!

Barriers to entry still exist, the only change is the gatekeepers.

 

[Joyce Potts]

Wow, that is amazing. Just cut AI a check for 12k. I swear, it's everywhere you turn in this profession. We need a massive purge of the unethical creatures at the top.

Talking vs. doing something about it makes all the difference. Continuing to FUND the corruption -- you may want to rethink it.

 

[Non Sequitur]

Talking vs. doing something about it makes all the difference. Continuing to FUND the corruption -- you may want to rethink it.

Yep. And that is happening, designated membership is under 8k and falling. When the last round of grant money is absorbed by the connected in Chicago, the insta-toot will have to make a decision; How long will they operate in the red to support a program designed to line the pockets of a few?

 

[J Grant]

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.

You could offer to work as a trainee, or if you are qualified to get your cert res license after completing PAREA, you can offer to work as a newly minted Cert license who still wants to learn and thus would take a reasonable fee split of ordres to allow the mentor/partner appraiser to make $ while teaching in the field and review your work. You can also offer to pay a local experienced appraiser to review some of your first appraisals or the tough ones.

A great way to get real-world experience is to hang out with RE agents and offer to do some free labor ( measure homes or the like ) in exchange for them taking you along on open houses or explaining contracts and negotiations. RE agents can make lousy valuators from our perspective (though a few are excellent ), but they know a lot about the market and what appeals to buyers. Any interaction/work for builders, RE agents, developers can provide priceless knowledge.

 

[J Grant]

Regarding some other posts here about PAREA - the hostility toward it or AI charging for a course is misplaced. PAREA sounds like the equivalent of courses that other trades /professions offer that are geared toward experience /limited to education about the field itself, with a view toward a license. Such as Nursing school, beautician school, etc - the schools charge for the courses ( which might demand experience hours as well )

Charging for education/coursework is very different than a trainee paying a mentor to work for them, or offering free work. That to me is exploitation on the part of the mentor - they are providing some training, but they are also getting free or pay-to-play product from the trainee. In that sense, it is corrupt - any mentor who would do that, imo, is a dirtbag and would imo garner resentment on the part of the exploited trainee.

Unfortunately, the AMC system has cut into fees so much that very few licensed cert appraisers can afford to take on a trainee even if they want to.

 

[chad hampton]

Parea is more education, not experience. But this is the game they play.

 

[djd09]

A Needed Change Towards Modernization

Opportunities Remain for Parallel Experience and Education The National Association of REALTORS® has long encouraged broader pathways to the appraisal profession that reduce unnecessary barriers while maintaining competency and public trust. NAR supports the Criteria’s providing broader avenues into the profession, with attempts to expand access and reduce structural bottlenecks by recognizing alternative experience environments and loosening experience sequencing.The proposed Criteria eliminates the requirement for college degrees for all incoming appraisers. While NAR has no direct policy on the college degree requirement, members have commented that a college degree is not the deciding factor for any person regarding public trust or professional competency. NAR believes that competency is a key factor in quality appraisals of real estate, and supports the enhanced focus on competency, with the draft’s emphasis on modernization techniques that demonstrate ability rather than mere accumulation of hours. NAR is also pleased to see the retention of required Fair Housing courses recognizing the importance of federal nondiscrimination knowledge.

NAR Comments on Proposed Changes to Appraiser Qualifications

Explore NAR's insights on the Appraiser Qualification Criteria and how it shifts towards a competency-based approach in appraiser education.

www.nar.realtor

 

[Surf Cat]

So.... a fellow associate is taking that 7-hour bias class that's required now to renew his license. Here's an excerpt from the class.

You need to come up with a "Restorative Competitive Value" which means switching the primary emphasis away from location to similar physical features and then location and time of sale. Even across neighborhood boundaries. Then give the bank 2 values, the regular market value and the restorative competitive value.

Okay Mr. Lender.... just send a property data collector out there and "you" decide the value.... that or just waive it.

 

[J Grant]

My comment: see below, we all assumed it did not fulfill experience credits, however, it does substitute for training with a mentor. That was the purpose since the AMC's cut the fees so bad that individual appraisers could no longer afford to train/mentor. The idea was to attract new people into the field, but they can see the bleak prospects on the res license side, therefore, few are entering.

Key aspects of PAREA include:

• Alternative Pathway: It fulfills experience requirements for Licensed Residential and Certified Residential credentials through simulation rather than in-person training.
• Virtual Training & Mentoring: Participants engage in interactive scenarios, data research, and report writing, supported by virtual mentors.
• Approval & Availability: Developed by the Appraiser Qualifications Board (AQB), it is available through authorized providers, with the Appraisal Institute being the first to offer an approved program.
• State Acceptance: As of early 2025, 51 states and territories have adopted PAREA to some degree.
  Appraisal Institute +5

 

[George Hatch]

So.... a fellow associate is taking that 7-hour bias class that's required now to renew his license. Here's an excerpt from the class.

You need to come up with a "Restorative Competitive Value" which means switching the primary emphasis away from location to similar physical features and then location and time of sale. Even across neighborhood boundaries. Then give the bank 2 values, the regular market value and the restorative competitive value.

Okay Mr. Lender.... just send a property data collector out there and "you" decide the value.... that or just waive it.

WRT "Restorative Competitive Value", Whatever value types the appraiser is using, the definition has to be cited in the report.




As for "needs to include" in an assignment that need will be a function of the user's requirements. If an appraiser wanted to add an extra value and the comps that go with the additional value that's probably okay, but merely adding a different value into a report on the appraiser's discretion doesn't make it meaningful to the users. Not unless they're asking for it