Unemployment rate for appraisers

[Webbed Feet]

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We have too many of the wrong kind of appraisers. <....snip....>t.

Joan please stop referring to appraisers as "WE". You are not a licensed appraiser in any state. You have not worked as an appraiser under the HVCC or Dodd Frank. As I have read in your group's white paper you do not want direct lenders to be required to use AMCs. You know that is a self serving position your group has. The quality of appraisals has not gone up because of the HVCC or AMCs.

Avoiding a semantics battle, the statement in red font is true.

I'll make a prediction and hopefully come back and read it five months from now to see if it was also true or not. I'll soon be seeing a good number of appraisal reports presented for consideration. At least 7 to 8 out of 10 of them will be poor to fair quality with half of the 7 to 8 total USPAP ignorance blow outs needing to be submitted to the state appraisal board for the only correction those appraisers should get.

 

[Randolph Kinney]

Avoiding a semantics battle, the statement in red font is true.

I'll make a prediction and hopefully come back and read it five months from now to see if it was also true or not. I'll soon be seeing a good number of appraisal reports presented for consideration. At least 7 to 8 out of 10 of them will be poor to fair quality with half of the 7 to 8 total USPAP ignorance blow outs needing to be submitted to the state appraisal board for the only correction those appraisers should get.

So you are predicting an appraiser shortage to come? The AMC-style appraiser?

 

[Delta85]

I may be wrong but I believe the surplus of appraisers is a myth the worst AMCs have been feeding us.

I agree and think it becomes more true with each month. I doubt many new appraisers are entering this profession lately. Add to that the number of appraisers who are giving up or retiring or who simply refuse to do AMC work and the pool has to be shrinking more and more as the weeks and months tick by.

 

[Steve Metz]

I think anyone that can do something else has left the building. I know I have left and do this for hobby money and that is about it.

 

[Roy Courtney]

I agree and think it becomes more true with each month. I doubt many new appraisers are entering this profession lately. Add to that the number of appraisers who are giving up or retiring or who simply refuse to do AMC work and the pool has to be shrinking more and more as the weeks and months tick by.

I agree. I also think that many appraisers are being counted more than once. Some appraisers have certifications from several states because of their market area. If you had a residential certification and you moved up to a general, both are being counted until the RC expires.

 

[Delta85]

I think anyone that can do something else has left the building. I know I have left and do this for hobby money and that is about it.

I disagree. Speaking just for myself I can certainly do other things but feel that I've invested so much time, money, and effort into making this a career that I want to continue until it really becomes a losing effort.

Right now I'm still doing ok. I enjoy being self employed and working from home. It beats getting a 9-5 office job and answering to some jerky boss. I had plenty of those and that was one of the reasons appraising looked attractive to me.

 

[AnonApprsr]

I bet 50% of Real Estate Appraiser are at best "under employed" and at realistic worst "unemployed but still licensed." What a joke "unemployment rate" for appraisers this article represents.

 

[Tim The Enchanter]

"Our" excellent member George Hatch told me a few years ago that if you're an appraiser, you might be a staff appraiser, you might be a fee appraiser, but you're never unemployed. Not an exact quote, but it's worked for me.

There have been some real slow underemployed times. But my record of never filing for unemployment continues. I thought about it after I got laid off 2 1/2 years ago, but was too busy working, and couldn't figure out how to answer some of the questions on their forms.

 

[jimmyfrank]

I agree. I also think that many appraisers are being counted more than once. Some appraisers have certifications from several states because of their market area. If you had a residential certification and you moved up to a general, both are being counted until the RC expires.

Roy, Where ya been?

 

[Terrel L. Shields]

You've been awfully quiet lately Webbed...

The numbers are misleading because some appraisers are licensed in multiple states. Thus one of those that quits shows as a loss equal to the # of states. I think the real number is more like 70K.

I am confident that as one of the professions that has the highest average ages of any I can think of - a lot of us have to be looking at the daisies from the root side within the next 10 years. How can we be replaced? Only by dumbing down the rules.

I predict that the gov will be forced to do so and probably by allowing any RE broker who will take a specified block of classes to "fast track" licensing or even create a special "Broker-Appraiser" who will take on the function of an appraiser... no more proven vetted experience log, no more mentoring. The broker will go straight to GO and hop the JAIL part. Welcome to the new NAR Monopoly Game...where the NAR once again dominates, if not owns, the appraisal world.