Poll for Commercial Appraisers

[Deleted member 161486]

1) This Poll is for Certified General, Commercial Appraisers who are employed full time: Staff Appraisers, Review Appraisers, Assessors, Fee Appraisers.

2) Multiple answers are accepted.

3) Responses pertain to all of the following designations:

CRE - Counselors of Real Estate
MAI - Appraisal Institute
MRICS - Royal Institution of Chartered Surveyors (RICS)
CCIM - CCIM Institute
ASA - American Society of Appraisers
CAE - International Association of Assessing Officers (IAAO)
ARA - American Society of Farm Managers and Rural Appraisers
GAA - National Association of Realtors
FRICS - Royal Institution of Chartered Surveyors (RICS)

 

[KHS445]

None of the above, especially for rural commercial appraisers.

 

[Deleted member 161486]

None of the above, especially for rural commercial appraisers.

Any data or stats to back up your claim?

 

[KHS445]

Any data or stats to back up your claim?

Hard stats? Don't have any. However, I do have more than 47 years' experience dealing with lending and appraisals in my section of the world. Since licensing went in effect more than 30 years ago, none of the area lenders have ever called for a particular designation. I do know of several occasions where a designated member was awarded an assignment, but that was based on their expertise relating to the particular assignment and not their designation. The nearest AI chapter is a 4+ hour drive, and they will occasionally run a class around two hours away. The nearest designated appraisers are about 60 miles north, 90 miles south, 100 miles or more east and Lake Michigan is to the west.

In a five County area there are currently two active Certified General Appraisers, and if you expand out to seven Counties there are two more. Now you go further north there are a ton, but rarely are they willing to come into this area due to travel time and being unfamiliar with the area. Their bid prices also have an impact on the number of assignments they receive. While I don't charge anywhere near as much as many of the designated appraisers, I hardly ever accept an assignment in their general service area, primarily due to travel time and my limited knowledge of the market when it comes to commercial real estate values.

 

[Deleted member 161486]

Hard stats? Don't have any. However, I do have more than 47 years' experience dealing with lending and appraisals in my section of the world. Since licensing went in effect more than 30 years ago, none of the area lenders have ever called for a particular designation. I do know of several occasions where a designated member was awarded an assignment, but that was based on their expertise relating to the particular assignment and not their designation. The nearest AI chapter is a 4+ hour drive, and they will occasionally run a class around two hours away. The nearest designated appraisers are about 60 miles north, 90 miles south, 100 miles or more east and Lake Michigan is to the west.

In a five County area there are currently two active Certified General Appraisers, and if you expand out to seven Counties there are two more. Now you go further north there are a ton, but rarely are they willing to come into this area due to travel time and being unfamiliar with the area. Their bid prices also have an impact on the number of assignments they receive. While I don't charge anywhere near as much as many of the designated appraisers, I hardly ever accept an assignment in their general service area, primarily due to travel time and my limited knowledge of the market when it comes to commercial real estate values.

In summary, you do not find a benefit to being designated while in a rural location.

 

[KHS445]

In summary, you do not find a benefit to being designated while in a rural location.

That was my original statement and then you requested date or stats to back it up.

 

[Deleted member 161486]

That was my original statement and then you requested date or stats to back it up.

OK so other appraisers will vote if they want to. Some could be located in larger metropolitan areas near cities.

 

[George Hatch]

I think earning an MAI could benefit an appraiser in all 4 categories, if the individual had the interest in going in those directions.

Every few years we run a thread querying members as to their MBTI classification (Meyers-Briggs Type Indicator). Certain types of people are drawn to this type and mode of working. Most of these threads have show abnormally high representation of some of the less common personality types.

 

[Deleted member 161486]

I think earning an MAI could benefit an appraiser in all 4 categories, if the individual had the interest in going in those directions.

Every few years we run a thread querying members as to their MBTI classification (Meyers-Briggs Type Indicator). Certain types of people are drawn to this type and mode of working. Most of these threads have show abnormally high representation of some of the less common personality types.

Earning any of the following designations will benefit Commercial Appraisers who are employed full time: Staff Appraisers, Review Appraisers, Assessors, Fee Appraisers.

CRE - Counselors of Real Estate
MAI - Appraisal Institute
MRICS - Royal Institution of Chartered Surveyors (RICS)
CCIM - CCIM Institute
ASA - American Society of Appraisers
CAE - International Association of Assessing Officers (IAAO)
ARA - American Society of Farm Managers and Rural Appraisers
GAA - National Association of Realtors
FRICS - Royal Institution of Chartered Surveyors (RIC

 

[Terrel L. Shields]

Earning any of the following designations will benefit Commercial Appraisers who are employed full time:

How? Since most of those will not generate one lead, one assignment or one dollar extra?