PAREA Update

[ucbruin]

Very optimistic outlook at the influence appraisers have....

 

[glenn walker]

Very optimistic outlook at the influence appraisers have....

Anyone heard from Mike recently ? Hope he is OK and not in TOB

 

[Mike Ault]

Anyone heard from Mike recently ? Hope he is OK and not in TOB

I appreciate your concern! I am fine but I had to take my father to the hospital for pneumonia and I have been spending time up there with him. In my absence I have placed Fernando in charge of riding herd over antisocial RW ideas until I get back and straighten you folks out. Please cooperate with him.

 

[glenn walker]

I appreciate your concern! I am fine but I had to take my father to the hospital for pneumonia and I have been spending time up there with him. In my absence I have placed Fernando in charge of riding herd over antisocial RW ideas until I get back and straighten you folks out. Please cooperate with him.

Sorry to hear about your father hope he gets well soon. Nando is buried knee deep in Old Unmaintained Real Estate and no so active right now.. We have some new Right Wing Members lurking and looking to make their move

 

[Mike Ault]

Sorry to hear about your father hope he gets well soon. Nando is buried knee deep in Old Unmaintained Real Estate and no so active right now.. We have some new Right Wing Members lurking and looking to make their move

When you get the time, please send me their names so I can point them towards some remedial reading material and notify the IRS of their existence.

 

[glenn walker]

When you get the time, please send me their names so I can point them towards some remedial reading material and notify the IRS of their existence.

Their not using their real names , out of Staters think they have been on here many years but now thats its slowed down they are bored. I doubt IRS has any interest in them Lol )

 

[Mike Ault]

Their not using their real names , out of Staters think they have been on here many years but now thats its slowed down they are bored. I doubt IRS has any interest in them Lol )

The IRS is always interested in people who don't believe in taxes.

 

[glenn walker]

The IRS is always interested in people who don't believe in taxes.

I don't know anyone who doesn't believe in taxes. I know people who hire the best accounts and tax professionals to maximise legal tax planning. The only people who no tax are drug dealers And criminals

 

[djd09]

McKissock Learning Will Launch Practical Applications of Real Estate Appraisal (PAREA) Experience Program​

An Alternative to the Traditional Supervisor/Trainee Model, PAREA Will Help Eliminate Barriers to the Appraisal Profession

ST. LOUIS, November 21, 2022--(BUSINESS WIRE)--McKissock Learning, the leading national provider of online education for real estate appraisers, today announced its commitment to launch a Practical Applications of Real Estate Appraiser (PAREA) Experience Program to support the diversification and growth of the appraisal profession.

"As a leading appraisal education provider, we know firsthand how difficult it can be for aspiring appraisers to find a supervisor and realize their dream," said Kevin Hecht, Appraisal Training and Development Manager at McKissock Learning. "We believe this is a great opportunity to demonstrate our dedication to the profession with a critical initiative to ultimately contribute to a more diverse and expanded appraiser community."

Slated to launch in the fall of 2023, the McKissock PAREA Experience Program combines technology-based training with real-world field experience and will allow participants to qualify for up to 100 percent of the experience hours required to sit for an appraisal exam in participating states.*

"McKissock’s PAREA Experience Program is made intentionally for people who complete the required education only to find they cannot move forward in their goal of becoming licensed appraisers because they can’t find a supervisor," said Alan Hummel, Principal at The Hummel Group and certified appraiser for 35 years. "It is a powerful instrument to diversify and expand the profession."

Consistent with The Appraiser Qualifications Board (AQB) policies, McKissock’s PAREA program will allow participants to apply appraisal concepts and general principles to real-life situations, problems, and activities. Participants can access training modules, simulations, and assignments through McKissock’s dynamic learning platform, allowing for mentor-led and self-study activities.

In addition to simulated learning experiences, McKissock will also require students to complete real-life personal experience activities in their local markets, such as inspecting properties in their area and verifying information with local stakeholders such as realtors, contractors, and lenders. Participants will be expected to author and produce appraisal reports on various property types, each of which must pass a mentor’s review and be fully compliant with USPAP standards.

"Our mission at McKissock Learning is to support the advancement, diversification, and growth of the real estate appraisal profession. We are committed to providing PAREA participants with quality training and practical experiences to enable them to become licensed and successful appraisers," said Renee Altier, President of Valuation and Property Services, Colibri Group, the parent company of McKissock Learning.

McKissock Learning Will Launch Practical Applications of Real Estate Appraisal (PAREA) Experience Program

ST. LOUIS, November 21, 2022--McKissock Learning announced its commitment to launch a Practical Applications of Real Estate Appraiser (PAREA) Experience Program.

finance.yahoo.com

September 27, 2006

Past President Hummel Featured in MarketWatch “Red Flag” Appraisal Story​

A recent DowJones MarketWatch article that listed some “red flags” for consumers to be aware of featured comments from past Appraisal Institute president Alan E. Hummel, SRA, and Chief External Relations Officer Don Kelly. Among the items that Hummel and Kelly said consumers should be aware of was whether or not the appraiser was taking into account the cost approach, using an experienced appraiser, checking where the comparables came from, seeing if the description of the house matches the reality of the house and the steps to take if you feel you’ve gotten a bad appraisal.


In addition, the article addressed appraisal pitfalls and how an appraisal fits into mortgage fraud, including “phony appraisals” by “scammers [who] will pose as legitimate real-estate professionals, hiking up a property's price to turn a quick profit” and inflated appraisals, “where appraisers push up a home's value, often to appease lenders, mortgage brokers and real estate agents.”


Hummel reminded consumers that the lender is obligated to give them a copy of the appraisal report if they ask for it. And the consumer should immediately make sure the appraiser is holding a current license or certification, Kelly said. He added that consumers should also peruse the report to make sure the features in the description match the house, including approximate square footage, the room count, number of bedrooms and bathrooms, levels, and the like. In terms of comparables, Hummel said to make sure the homes used in the comparison are in the same school district. If not, find out why not.


If you own a home that you think was appraised incorrectly, your next step depends on your situation, Hummel said. Hummel warned newer homeowners to keep the local market in mind, since they are probably not used to seeing a slowing market. "To be told that the property you bought two years ago is now worth something less, obviously they look at the appraiser and say you must be nuts," he said. Don't forget that "real estate is a commodity that... goes through cycles." First, "don't make the assumption that the previous appraisal was bad. There may have been changes in the market," he said. "Get a qualified appraiser [to find out] what is today's value."

Past President Hummel Featured in MarketWatch “Red Flag” Appraisal Story

don kelly revaa hahahaha experienced appraiser hahahaha

 

[Alsie35]

I appreciate your concern! I am fine but I had to take my father to the hospital for pneumonia and I have been spending time up there with him. In my absence I have placed Fernando in charge of riding herd over antisocial RW ideas until I get back and straighten you folks out. Please cooperate with him.

Hope he is doing better - prayers for your dad's recovery. Pneumonia is a big deal once you get past a certain age. Before this COVID era, I am certain it was one of the top causes of mortality in those 80+.