Senate Passes Housing Bill--Does it have the Dodd Bond?

[Mike Garrett RAA]

Sorry Moh...didn't mean you personally, was referring to all appraisers. The AQB changed requirements for certified residential appraisers. Those changes took affect Jan 1, 2008. They were announced in 2006. I know a lot of appraisers who upgraded during that time. Like you, I upgraded from licensed back in the early 80s. Actually I had to do little as I was grandfathered in based on my experience credits. Good thing too because I don't have a college degree and have no intention of getting one.

 

[Mike Phillips]

I was thinking more like fifteen.

Ditto that.

Furthermore, 15 years is not shooting from the hip either. Twenty years since Licensing/Certification - the AQB totally neglected appraiser qualifications for 15 years - they finally got the "upgrade" passed in '03-'04 and it will have taken 5 years to get it implemented.

15+5=20 - about right. 15 years is plenty of time for the benefit of the doubt - plenty of time for a wakeup call.

 

[moh malekpour]

Sorry Moh...didn't mean you personally, was referring to all appraisers. The AQB changed requirements for certified residential appraisers. Those changes took affect Jan 1, 2008. They were announced in 2006. I know a lot of appraisers who upgraded during that time. Like you, I upgraded from licensed back in the early 80s. Actually I had to do little as I was grandfathered in based on my experience credits. Good thing too because I don't have a college degree and have no intention of getting one.

Mike, I know that AQB licensing levels and requirements have been changed as of Jan. 2008 but did AQB gave any notice to those who were licensed appraisers prior to 2008 to upgrade their license to certificate? I know a prominent appraiser with a long time experience and very good skills that is the chief appraiser of a very big institution and is only licensed appraiser as of this date and he deals with many FHA appraisals as well.

 

[Mike Phillips]

CR still doesn't take a college degree. An AA is 1/2 a college degree. Twenty-one hours in business related courses is just over 1/3 of an AA, which is 1/2 of a college degree. Current requirements: 1/2 X 1/3 = 1/6 of a college degree.

What is required is 21 hours - post high school, in business related subjects. Not much. What are we talking about here? A career or how to finance your summer vacations?

 

[TJSum]

Suppose a licensed appraiser has been doing FHA assignments since the mid 90's with a clean record, no negative reviews, etc. Now this bill tells them they are not qualified, who knows the certified appraiser might have just received their certification within the past year or two with very little to no FHA experience.

This is just more feel good legislation, that gives the apperance of "fixing" the problems when they really aren't...

From the review work I have done over the past 18 years, licensing level and/or designations don't mean squat, the quality of ones work speaks the loudest and it should.

 

[Mike Phillips]

Suppose a licensed appraiser has been doing FHA assignments since the mid 90's with a clean record, no negative reviews, etc. Now this bill tells them they are not qualified, who knows the certified appraiser might have just received their certification within the past year or two with very little to no FHA experience.

This is just more feel good legislation, that gives the apperance of "fixing" the problems when they really aren't...

From the review work I have done over the past 18 years, licensing level and/or designations don't mean squat, the quality of ones work speaks the loudest and it should.

I said above. New housing bill involves lots and lots of gubment money. Big money draws flies. Appraisers will be pushed to hit numbers. My guess? One possibility is they don't want the flies that are now currently Trainees moving up quickly to Licensed level and making the situation any worse than it already is.

That aside, the new AQB requirements were set in motion several years ago. Times change. Licensed appraisers have had plenty of time. Certification is the new minimum. The mere mention of an association with professional appraisal organizations should be a signal to all appraisers. Still, 10 years from now when the IRS mandates an appraisal designation Certified appraisers will scream that no one told them it was coming.

 

[cotterboy]

On the Lic. Vs Cert. thing

I just got an invite in the mail form the"National Association of Real Estate Appraisers" or NAREA for short.
They have a designation for state licensed appraisers noted as the
CREA-Certified Real Estate appraiser

website is www.narea-assoc.org

Appears membership is free until june based on my invite and you only have to be state licensed to get the designation, Are they nationally recognized? Let all licensed appraiser unite and make them nationally organized and we are done with this debate.

By the way I have all my education and experiance in be eligible to take the test to be certified, and a BSBA in finance, 10+ years experiance, and never a complaint filed, FHA or otherwise. I am just waiting on my state board to give the test again and I will be done with this nonsense.

 

[Mike Phillips]

Suppose a licensed appraiser has been doing FHA assignments since the mid 90's with a clean record, no negative reviews, etc. Now this bill tells them they are not qualified, who knows the certified appraiser might have just received their certification within the past year or two with very little to no FHA experience.

This is just more feel good legislation, that gives the apperance of "fixing" the problems when they really aren't...

From the review work I have done over the past 18 years, licensing level and/or designations don't mean squat, the quality of ones work speaks the loudest and it should.

As a side note. Your review experience might be very relevant. If you were born and bred in an AMC or other corporate environment and all you know is what has been fed to you by your mentors it might not mean a thing. I find it hard to believe you have not seen ANY correlation between education, license level, designations and report quality. None? If none of those characteristics are relevant it raises the question as to whether an appraisal license of any sort should be required.

I'm quite certain there are many Licensed appraisers who do quality work. Above all, they should be the ones welcoming this change. It will be no problem for most of them to step up to Certified very quickly.

 

[Mike Phillips]

On the Lic. Vs Cert. thing

I just got an invite in the mail form the"National Association of Real Estate Appraisers" or NAREA for short.
They have a designation for state licensed appraisers noted as the
CREA-Certified Real Estate appraiser

website is www.narea-assoc.org

Appears membership is free until june based on my invite and you only have to be state licensed to get the designation, Are they nationally recognized? Let all licensed appraiser unite and make them nationally organized and we are done with this debate.

By the way I have all my education and experiance in be eligible to take the test to be certified, and a BSBA in finance, 10+ years experiance, and never a complaint filed, FHA or otherwise. I am just waiting on my state board to give the test again and I will be done with this nonsense.

Just curious, how many years have you been "just waiting" to sit for the exam?

Regarding the NAREA. I think that is the organization that granted an appraisal designation to one appraiser's dog about 15 years ago. Really!!! I could be wrong. But joining them sounds like a very professional way to solve your current problem with a minimum of effort.

 

[Michigan CG]

I know a prominent appraiser with a long time experience and very good skills that is the chief appraiser of a very big institution and is only licensed appraiser as of this date and he deals with many FHA appraisals as well.

Moh, I respect your opinion and postings a lot. I would just wonder why would a person who has chosen appraising as a PROFESSION not upgrade. It is not that hard, and if this is a person's chosen PROFESSION, why would they not want to be on the upper echelon of their PROFESSION?

Did they not upgrade because of the education requirements? If so, that is a lazy attitude. We should all try to take relative classes to our profession. Did they not upgrade because they had to take a test pre-2008 requirements?

That is bad planning. If they are truly professionals then they can take the new test and not worry about it.