Retiring From Appraisal: Tail-End Coverage+

[RCA]

Due to low fees and lack of GSE orders from AMCs, no interest to spend time pounding the pavement for other types of appraisal business and a need to adjust to lower income levels, I decided to let my appraisers' license expire last month.

I also declared retirement to my insurance provider LIA. As a result, I get unlimited Tail-End coverage for past appraisals (since I am over 65 and have had insurance with them for 5+ years. I figure the license + insurance was costing me $2,000/year, so that is good money saved for better things like a more advanced computer in another 2-3 years.

I will still retain my California Real Estate Brokers License, which gives me access to broker feeds and real estate listing data for basically the entire state of California.

I can retain my AI SRA Designation as a "Retired Member" at a reduced fee of about $636/year.

So, I can focus (as I have been since 2022) on research, analysis, writing articles, and developing valuation programs for the future.

In particular, I will write technical articles on advanced valuation for my new Journal "Valuation Engineering." Some of which may be interesting to forum members. Not the kind of crap you find in "The Appraisal Journal" - but very down-to-earth specific techniques and analysis - that will get into computer programming, partial differential equations, non-parametric statistics, AI, graphing, cluster analysis, GIS (QGIS), and so on - without limit. In fact, I'd just love to some Group Theory and Prolog - very old favorite topics.

Programs will be published to GitHub and probably Zenodo. Most, I presume, will be Open Source with a GPL-3 license.

And I can work without pressure, when I see fit, as much or as little as I want.

 

[ucbruin]

Congrats on your retirement....

 

[TerryRohrer]

...my new Journal "Valuation Engineering."

And I can work without pressure, when I see fit, as much or as little as I want.

No pressure, but when is the first volume coming out?

 

[J Grant]

Due to low fees and lack of GSE orders from AMCs, no interest to spend time pounding the pavement for other types of appraisal business and a need to adjust to lower income levels, I decided to let my appraisers' license expire last month.

I also declared retirement to my insurance provider LIA. As a result, I get unlimited Tail-End coverage for past appraisals (since I am over 65 and have had insurance with them for 5+ years. I figure the license + insurance was costing me $2,000/year, so that is good money saved for better things like a more advanced computer in another 2-3 years.

I will still retain my California Real Estate Brokers License, which gives me access to broker feeds and real estate listing data for basically the entire state of California.

I can retain my AI SRA Designation as a "Retired Member" at a reduced fee of about $636/year.

So, I can focus (as I have been since 2022) on research, analysis, writing articles, and developing valuation programs for the future.

In particular, I will write technical articles on advanced valuation for my new Journal "Valuation Engineering." Some of which may be interesting to forum members. Not the kind of crap you find in "The Appraisal Journal" - but very down-to-earth specific techniques and analysis - that will get into computer programming, partial differential equations, non-parametric statistics, AI, graphing, cluster analysis, GIS (QGIS), and so on - without limit. In fact, I'd just love to some Group Theory and Prolog - very old favorite topics.

Programs will be published to GitHub and probably Zenodo. Most, I presume, will be Open Source with a GPL-3 license.

And I can work without pressure, when I see fit, as much or as little as I want.

Sounds like the right time to make the transition, and you can use the opportunity to develop your other myriad interests!
Hope you keep visiting the board.

 

[Red Flint]

Cool running.

 

[swandel1]

$636 a year for the AI - SRA in retirement? Ridiculous!! But I guess they need the money to pay for the law suits.....

 

[George Hatch]

The way I see it,

When it comes to development or refinement of this thing somebody has to be out in front. I respect your efforts even if I'm too dumb to agree with some of the particulars. I support whatever business decisions an appraiser ends up making in order to get by so long as they continue to operate in good faith, which you always seem to have been doing.

Best wishes for you and yours' going further, but I'm sure we'll both reserve the right to sometimes disagree.

 

[Artemis Fowl]

Due to low fees and lack of GSE orders from AMCs, no interest to spend time pounding the pavement for other types of appraisal business and a need to adjust to lower income levels, I decided to let my appraisers' license expire last month.

I also declared retirement to my insurance provider LIA. As a result, I get unlimited Tail-End coverage for past appraisals (since I am over 65 and have had insurance with them for 5+ years. I figure the license + insurance was costing me $2,000/year, so that is good money saved for better things like a more advanced computer in another 2-3 years.

I will still retain my California Real Estate Brokers License, which gives me access to broker feeds and real estate listing data for basically the entire state of California.

I can retain my AI SRA Designation as a "Retired Member" at a reduced fee of about $636/year.

So, I can focus (as I have been since 2022) on research, analysis, writing articles, and developing valuation programs for the future.

In particular, I will write technical articles on advanced valuation for my new Journal "Valuation Engineering." Some of which may be interesting to forum members. Not the kind of crap you find in "The Appraisal Journal" - but very down-to-earth specific techniques and analysis - that will get into computer programming, partial differential equations, non-parametric statistics, AI, graphing, cluster analysis, GIS (QGIS), and so on - without limit. In fact, I'd just love to some Group Theory and Prolog - very old favorite topics.

Programs will be published to GitHub and probably Zenodo. Most, I presume, will be Open Source with a GPL-3 license.

And I can work without pressure, when I see fit, as much or as little as I want.

Wish you all the best. You're a stubborn ******* with high standards and new ideas...this is the best type of compliment IMO. You have the sticktuitiveness to actually inspire some change and I do hope you succeed. I would not be at all surprised to see some of your methodologies become more common once they are affordable and become more end-user friendly.

Don't be a stranger here. As frustrating as it can be sometimes...know that some of us participate in the beatings with genuine affection.

 

[Bobby Bucks]

And I can work without pressure, when I see fit, as much or as little as I want.

That is the best part. Good luck and I hope you continue to post here.

 

[gregb]

Why not give up the AI designation and keep the CG license?