To Become an Apprauser?!

[Zoe]

Okay, another thought or question. Do you want to be an employee or independent contractor?

Talk to me OP.

 

[Zoe]

You told us don't hold back. Read your OP.

Many jobs will let you work as independent contractor.
Appraiser is really not one of them as a trainee. Do you know why?

 

[Elliott]

And to add to Carnivore's post:

Hi Gemini. Can you give me a short history of the collapse in real estate values during the 1930's which lead to lenders requiring independent real estate appraisals?​

Gemini: "The 1930s housing crash was a brutal consequence of the Great Depression. Here's a quick rundown:

• The Boom: The 1920s saw a surge in homebuilding, fueled by easy credit and speculation. Think of it as a housing bubble.
• The Bust: The stock market crash of 1929 sent the entire economy into a tailspin. People lost jobs, couldn't afford mortgages, and foreclosures skyrocketed.
• Underwater Mortgages: With falling home values, many homeowners owed more on their mortgages than their houses were worth. Foreclosures became a losing proposition for lenders - they ended up owning houses that were worth less than the loan amount.

This crisis exposed the risks of unregulated lending practices. In response, lenders started requiring independent appraisals by qualified professionals. This ensured a more objective assessment of a property's value before issuing a mortgage. It wasn't a perfect solution, but it aimed to prevent the same mistakes from happening again."

 

[Zoe]

Quick bio... I spent 35 years in industrial corporate marketing. I left about 5 years ago for an early retirement. Now I want to return to work, new industry no travel. I thought of a residential appraiser. Which brings me to a few questions. How do you go about getting 2,000 hours with a qualified mentor and would someone mentor an individual re-entering the work force?
Full transparency please.

Thank you.

Pretty impressive to me. The sky is limit for you.

 

[Zoe]

Are you sure appraiser is best opportunity to you?

 

[Zoe]

Finance background, Marketing background? I question if you are sure.

Finance is no joke. You are very smart. I was in class that was chief financial officer before he retired with Sears.

Finance is no joke.

He came up to me one day in class with about 80 students. He slammed his fist down on my desk and said I quote" How in the hell do you do so good in my classes when you ask some of the dumbest questions". I think I beat everybody in the class.

I didn't say a word with his question. I smiled.

He was already retired and very rich.

Probably 1983-1984.

 

[Zoe]

I think his pass rate in advanced finance was very low. I pulled my brother in law through it until he separated us.

I studied with my brother in law too before tests. The girl next to me was really smart. The professor thought I was cheating off her.

He separated all of us. He found out different and that was when he pounded my desk in class.

My brother in law escaped with a C.

 

[Zoe]

It was funny to the whole class. The smart girl next to me on one side he separated us. My brother in law he separated from me on the other side.

Both of them looked at me and him like it ain't us professor. It wasn't really funny to me. He had invested tons in stocks and was a very wealthy individual on top of working for Sears for ages and all those benefits.

I didn't miss class. He always threw caveats in his tests and you had to show your work on his tests. He gave extremely hard test on finance.

I knew my brother in law was cheating off me. The girl next too sometimes. He would leave the room sometimes on his tests. I was just trying to finish the tests.

My brother in law grade dropped bad when he separated us.

The girl's grade didn't drop bad. She was smart.

 

[TC]

Watching those videos made me laugh. What a crock.

 

[Mejappz]

And to add to Carnivore's post:

Hi Gemini. Can you give me a short history of the collapse in real estate values during the 1930's which lead to lenders requiring independent real estate appraisals?​

Gemini: "The 1930s housing crash was a brutal consequence of the Great Depression. Here's a quick rundown:

• The Boom: The 1920s saw a surge in homebuilding, fueled by easy credit and speculation. Think of it as a housing bubble.
• The Bust: The stock market crash of 1929 sent the entire economy into a tailspin. People lost jobs, couldn't afford mortgages, and foreclosures skyrocketed.
• Underwater Mortgages: With falling home values, many homeowners owed more on their mortgages than their houses were worth. Foreclosures became a losing proposition for lenders - they ended up owning houses that were worth less than the loan amount.

This crisis exposed the risks of unregulated lending practices. In response, lenders started requiring independent appraisals by qualified professionals. This ensured a more objective assessment of a property's value before issuing a mortgage. It wasn't a perfect solution, but it aimed to prevent the same mistakes from happening again."

But look on the bright side TAF and the GSEs have it all under control why are you so fearful? LOL