Voice of Appraisal

[ucbruin]

It was both....

 

[Terrel L. Shields]

the AQB's latest working paper considering real estate sales, construction, etc. as alternate experience requirements

If experience does not matter, then they should issue a license upon completion of the test. No experience required.

 

[Bobby Bucks]

Experience. It seems to be a major hurdle for the notables. There is a certain irony that doesn't seem to go away. The lords of alphabet soup appraisal claim to possess the magic algorithm that can credibly value a property anywhere, yet to make the gadget function they must resort to begging appraisers who posses experience to complete the final phase of their experimental discounted hybrid widgets. "Everybody's doing them, that's why we're begging you do do them."

 

[alebrewer]

If experience does not matter, then they should issue a license upon completion of the test. No experience required.

The test isn't reflective of experience retention, but education retention. The submission of work for review is the piece that is reflective of experience retention.

That said, what would be wrong with not requiring experience or education? Applicant simply has to submit an acceptable work product and pass an exam prepared to test for minimum educational requirements.

 

[Tawfik Ahdab]

One important way experience is relevant in the valuation process is in the identification of value -influencing factors as they relate to the decisions or actions of market participants.

Having acquaintance with the preferences of buyer and sellers in a given sub-market or market segment predisposes the appraiser to readily identify and differentiate those value-influencing features or characteristics that give rise to the necessity for adjustments to begin with.

 

[chad hampton]

Not only does experience matter, experience might be the only thing that matters. This is true with almost every profession. You will rarely, if ever, find somebody fresh out of classes that can do a job superior to someone with 20 or 30 years experience in a field. Closer to never than rarely.

So much fraud and corruption, Phil could probably do a podcast every day about it

 

[alebrewer]

I would argue that - for professions where there is rapidly changing technology - which is most professions today - the newbies may actually have the upper hand.

 

[chad hampton]

I would argue that - for professions where there is rapidly changing technology - which is most professions today - the newbies may actually have the upper hand.

I don’t know, I’ve been to Val expo where they paraded a bunch of young tech dudes in tight shirts up to show off their fancy apps. If I was a real estate professional that cared about accuracy and reliability, I would run the other way.

 

[alebrewer]

I don’t know, I’ve been to Val expo where they paraded a bunch of young tech dudes in tight shirts up to show off their fancy apps. If I was a real estate professional that cared about accuracy and reliability, I would run the other way.

I wasn't so much thinking of appraising. Was thinking more like coding, or engineering fields. Although - the noob appraisers probably do have a competitive advantage over the 'old folks' (and I include myself in that group) WRT tools that make their jobs easier.

 

[J Grant]

I would argue that - for professions where there is rapidly changing technology - which is most professions today - the newbies may actually have the upper hand.

Tech makes our job easier or faster but how is that more important then experience in the market that leads to credibly supported values - ?