Upcoming Changes To Real Property Appraiser Qualifications

[Delta85]

who would you rather have as your emerging colleague, a 22 year old clutching a liberal arts degree, or an 18 year old clutching a HS diploma?

Depends on the individual. That 18 year old with a HS diploma might have been an excellent student and have a work history that indicates reliability, responsibility, and longevity in the work he has done up to that point. On the other hand that 22 year old with a college degree might have partied on their parents dime and somehow managed to just barely earn enough credits to grab that piece of paper and run. They might not have ever held a job or been asked to use their mind in any significant way. You can still graduate college with a D+ average.

I'd rather have a straight A HS grad than a slacker college grad who fumbled and stumbled his way to a degree using his parents money and majoring in keg funnels.

 

[Caligirl]

I am helping a highly qualified mom transition back into the workforce. She wants to become an appraiser trainee and has an outstanding background with both mathematical and linguistic abilites. The irony is that under the current requirements she is vastly overqualified; in fact my first advice to her was to tone down her qualifications. However in several years she will likely be very representative of the 'pool' that will be entering the profession. IMO-not a bad thing.

 

[residentialguy]

According to a recent report from Cambridge, Mass.-based Forrester Research, 20% of America's millionaires never attended college

The average net worth of billionaires who dropped out of college, $9.4 billion, is more than double that of billionaires with Ph.D.s, $3.2 billion - some notable dropouts are Bill Gates, Steve Jobs, JD Rockefeller, Howard Hughes.

Some don't need college to be smart or successful - some do.

 

[J Grant]

According to a recent report from Cambridge, Mass.-based Forrester Research, 20% of America's millionaires never attended college

The average net worth of billionaires who dropped out of college, $9.4 billion, is more than double that of billionaires with Ph.D.s, $3.2 billion - some notable dropouts are Bill Gates, Steve Jobs, JD Rockefeller, Howard Hughes.

Some don't need college to be smart or successful - some do.

None of these millionaires or billionaire business visionaries who did not attend college became appraisers! Any entrepenurial or highly inventive HS grad who would not be drawn to appraising, they'd be too smart for that! Appraising will not make anybody a billionaire (unless you own an AMC, maybe the HS grad entrepeneur genius would do that, and hire appraisers,)'

Any natural genius, college or no college, would not choose to toil as an appraiser...they'd be more likely to invent a super software AVM type program to replace appraisers, if they were on the IQ/tech savy scale of a Bill Gates or a Steve Jobs)

 

[stangtime]

I've always looked at getting a BA or a BS as following through on a long commitment. It's hard to do. Took me almost six years while working at various crappy jobs. Can someone be extremely successful without it, absolutely. Is it a good baseline for a job that involves working with, for most people, their largest investments? Probably.

Dan

 

[J Grant]

Depends on the individual. That 18 year old with a HS diploma might have been an excellent student and have a work history that indicates reliability, responsibility, and longevity in the work he has done up to that point. On the other hand that 22 year old with a college degree might have partied on their parents dime and somehow managed to just barely earn enough credits to grab that piece of paper and run. They might not have ever held a job or been asked to use their mind in any significant way. You can still graduate college with a D+ average.

Sorry, but we can just as easily switch it around, an 18 year old who partied on their parent's dime through high school, and a 22 year old college degree person that worked their way through college combined with scholarships who has a great worth ethic and reliablity.

Of course there are going to be indidividuals on all ends of the scale of both slackers and high work ethic in both College and HS grads...so what? It is up to the employer , whether hiring HS or college, to learn about the work ethic etc, and that is usually apparent about 3 weeks into a job or training period.

I'd rather have a straight A HS grad than a slacker college grad who fumbled and stumbled his way to a degree using his parents money and majoring in keg funnels.

Again, switch it around...I'd rather have a straight A college grad who got scholarhsips and worked their *ss off to pay for the rest, than a slacker HS kid whose parents had to pay for tutors to get his D average to pass.

 

[residentialguy]

Any natural genius, college or no college, would not choose to toil as an appraiser

Hey, speak for yourself

Are you trying to say that many appraisers aren't billionaires?

 

[Delta85]

Again, switch it around...I'd rather have a straight A college grad who got scholarhsips and worked their *ss off to pay for the rest, than a slacker HS kid whose parents had to pay for tutors to get his D average to pass.

The fact that you can switch it around helps prove my point. Either way you can end up with a knucklehead. I know numerous HS grads that are extremely intelligent, ethical, and have a work ethic beyond reproach. I know a bunch of HS losers too. Same with college grads. I went to SCSU with too many guys and gals just there for the party who somehow managed to wake from their hangover with a degree and were shocked they did it barely passing exams and attending classes sporadically.

As a 4 year degree college grad myself I am not knocking college and in fact it would be great to require this of all new appraisers but things would have to drastically change for this to be realistic. Nobody is gonna spend the time and expense obtaining a 4 year, heck even a 2 year college degree to into appraising the way things are now.

 

[J Grant]

Either way you can end up with a knucklehead

Lol...true, but at least fewer knuckeheads can qualify to be appraisers!

It takes talent to pass college exams with a constant beer hangover, imagine what those people could do sober!

 

[Delta85]

Either way you can end up with a knucklehead

Lol...true, but at least fewer knuckeheads can qualify to be appraisers!

It takes talent to pass college exams with a constant beer hangover, imagine what those people could do sober!

Understood. The trick will be convincing a 4 year college grad that he should spend 2-4 more additional years taking required related courses, working as a trainee for almost nothing, passing a state exam, and then working under the thumb of micro managing AMC that require 48 hour TAT with a yearly pay, after 40-60 hours per week, that might only be $40,000 or perhaps less especially the first 5-10 years. Then tell them out of that $40,000 they'll have to cover all their own business expenses, healthcare, taxes, etc. They'll laugh in your face and say they can get a better deal as a newbie file clerk in an insurance office or as a manager trainee at Hertz Rent-A Car.

I know HS grads with quality jobs that would laugh if they knew what appraisers deal with and for how much.

Any discussion of requiring a 4 or even 2 year degree to get into appraising is a joke unless the business is changed from the bottom up to reward higher education.