TAF and HUD make a deal...PAREA providers win

[CGinMN]

Shoulda figured you were on it! That’s fair. I agree about the bias question, they were not prepared for it.

I wonder if AI does a partial refund if you can’t make it through, or if they just take the money? Would be interested in their graduation rate after 1 more year in. Anything under 50% would be an abject failure IMO.

I would have asked the PAREA grad, how did you deal with GSE certification #11 - I have a knowledge and experience in appraising this type of property in this market area. Usually this experience is gained over 2+ years as a trainee.

 

[Non Sequitur]

Shoulda figured you were on it! That’s fair. I agree about the bias question, they were not prepared for it.

I wonder if AI does a partial refund if you can’t make it through, or if they just take the money? Would be interested in their graduation rate after 1 more year in. Anything under 50% would be an abject failure IMO.

I would have asked the PAREA grad, how did you deal with GSE certification #11 - I have a knowledge and experience in appraising this type of property in this market area. Usually this experience is gained over 2+ years as a trainee.

There's no doubt in my mind they take the money and those who were dumped are SOL.

At this point PAREA is in a tailspin in more ways than one. If PAREA were to have any hope the first thing the AI needs to do is be transparent, but that will not happen so my WAG is depending on the outcome of this election the current students may be the last.

 

[chad hampton]

Who in their right mind would even pay $100 to get into this profession? We probably have enough appraisers to handle the 97% and higher LTV loans. Every parea graduate should sue AI and every other ORG for fraud.

 

[Non Sequitur]

Who in their right mind would even pay $100 to get into this profession? We probably have enough appraisers to handle the 97% and higher LTV loans. Every parea graduate should sue AI and every other ORG for fraud.

Because they are desperately looking for something and are being sold a fantasy. Look at the profile of the two graduates TAF and the AI presented, both have bounced around and were looking for a place to land. And I'm sure no one told them about the flat-out bloodletting that our industry is experiencing right now. My guess is PAREA will die when grant money runs dry.

 

[shrubberyvaluation]

Because they are desperately looking for something and are being sold a fantasy. Look at the profile of the two graduates TAF and the AI presented, both have bounced around and were looking for a place to land. And I'm sure no one told them about the flat-out bloodletting that our industry is experiencing right now. My guess is PAREA will die when grant money runs dry.

They might see that they paid $1500 for an "appraisal" and think its the big bucks.

 

[Non Sequitur]

They might see that they paid $1500 for an "appraisal" and think its the big bucks.

Good point. And I'm sure the PAREA salespeople aren't breaking that down for them.

 

[George Hatch]

The Appraisal Institute might be able to use PAREA to build their farm team.

 

[Non Sequitur]

The Appraisal Institute might be able to use PAREA to build their farm team.

That was a hope early on, and part of the sell to the BoD. But here we are, more have failed out than completed the course, many more. Think Club 80 real estate agent numbers.

 

[shrubberyvaluation]

That was a hope early on, and part of the sell to the BoD. But here we are, more have failed out than completed the course, many more. Think Club 80 real estate agent numbers.

I have to say I'm glad they have some standards rather than just passing everyone through. Did they fail or just give up, guess we really won't know.

 

[Non Sequitur]

I have to say I'm glad they have some standards rather than just passing everyone through. Did they fail or just give up, guess we really won't know.

From what I gather, they weren't "progressing" so they were dumped. What that means is one of many Appraisal Institute secrets and we'll never know.