Rectifying and managing my departure from residential supervisor to a commercial appraiser

[Ianmcann]

I want to preface this endowing credit to my residential mentor. He has been patient with me and after 1.5 months into this job I’ve been doing reports to the point he just looks over them and makes minor corrections. However we use the same adjustments for every feature, sq feet, and site size. This has made it very easy to operate independently but I don’t feel as if I’ve learned how to truly appraise as much as I’ve learned how to complete a 1004 and determine market conditions off a MLS. Nonetheless I’m grateful for the opportunity and this is not my reason to leave. My desire has always been to go commercial but I wasn’t having much luck finding a supervisor so I took this gig when I found it on Glassdoor. 3 months later a certified general appraiser I applied when I first started looking has offered me a position with a higher fee split and mainly tax appeal clients and does exclusively commercial work. My split on this new job is 33% with 10% extra if I bring in the job 1099-C. Here it’s 20% on 1099-C as well, and I have to start getting my own clients here soon. I would like to continue working for him but the geographic location makes it unfeasible. I’ve tallied the tangible expenses he’s spent onboarding me and I am in a comfortable position to reimburse him those cost or ask him to deduct them from my next check. I have logged about 254 QE hours does this carry over to my next supervisor for the first 500 log or no since it’s residential and they’re commercial? Am I permitted to not log these for experience hours and start fresh?

 

[JTip]

Check with your state, but you can have as many mentors and logs that will have you.

 

[TerryRohrer]

If you are using predetermined adjustments made up by others, you are accurately concluding you are not learning to appraise.

 

[Alsie35]

If you are using predetermined adjustments made up by others, you are accurately concluding you are not learning to appraise.

C'mon .... don't be sore at him just because his supervisor shared the 'Adjustment Black Book' info with him as a trainee - and you had to wait a full 5 years to see it!

 

[George Hatch]

You might consider keeping both situations going. It doesn't look as though these appraisers are competing with each other.

Doing one doesn't make you competent at doing both, and there are some appraisal situations where understanding both is essential.

 

[TerryRohrer]

C'mon .... don't be sore at him just because his supervisor shared the 'Adjustment Black Book' info with him as a trainee - and you had to wait a full 5 years to see it!

Not sore at him. My reading of his post suggests he well understands it. I was in the same boat my first 3 weeks in the business. Leaving was the best move I ever made, despite his threat to ensure I would never work in thus town again (35 years ago).

 

[Tom D]

However we use the same adjustments for every feature, sq feet, and site size.

not sure what you mean by that, but fannie a while back sent letters to appraisers who had the same adjustments on every appraisal. they were put on a watch list which kills your business.
going on your own is always the best, but better have a reserve in yo bank account. down times are not good for any appraiser.

 

[ucbruin]

EVERYONE is given the Book Of Adjustments when they start out....