Welp...Have Decided To End It

[djd09]

I don’t know any appraisers who retired from working altogether and go move to the beach and golf or fish every day.

i know one...king bunton...500 k to ruin one of the greatest gigs ever...what a slime ball

 

[J Grant]

I took it as meaning he doesn’t want to pay the fees to be in this profession anymore. Not that he was financially set in life. And it’s my impression he’s going to keep working as a broker. Probably would’ve been nice to have some appraisal income and brokerage income if you’re still working.

Like many of the good appraisers that I’ve known, they have left in the last decade. Tired of dealing with the imbeciles.

There’s no pension in this profession, I don’t know any appraisers who retired from working altogether and go move to the beach and golf or fish every day. Maybe one too have higher earning spouses or spouses in government jobs that get a pension.

That’s why I always get a kick when somebody tells an appraiser to enjoy their retirement. I never knew such a thing existed for appraiser. I was looking forward to being in this profession well into my 70s, working as much as little as I wanted. Then one day I would die and not show up for an appointment.

Will a URAR form be engraved on the tombstone?
The UAD 3.6 is so long that it will require a six-foot-tall headstone.

 

[RCA]

After having been a certified General appraiser for nearly 35 years, and in appraising for nearly 40, I have decided to let my certification lapse.

I have not performed any appraisal services in several years and guess I have kept the certification due to the work I put in to obtain it and as a fall back position. I have been primarily active in brokerage during this time. I have not had the appraisal software in a while either.

I came about this decision when looking at the cost of the 7 hr. USPAP course ($249) and the annual cert renewal ($200) and figuring between that and next years cost to get the additional 21 hrs. ($450) and renewal ($200) I would be in for about $1,100.

Reading NC certification law it looks like I would have a year if I decided(not likely) to "catch up" on CE & fees and reactivate it.

Guess I should have done it several years ago.

In California, we have 2 years to decide whether to "catch up". I keep thinking about it. But in retirement, even with good Social Security, even with a 401 (k), even with a 2.85% 30-year fixed-rate loan, there are other things to spend money on. But there is a certain probability that I will renew the license, maybe going into next year, if for some reason I think and want to do an appraisal again. My one year w/o a license ends this May. Then I have another year.

But:

1. I have to do work on the house.
2. I need to buy that new Mac Studio M5 - loaded with max memory, for about $10K ... sometime this year ... most likely as soon as it comes out. And I figure it will be my last computer. My Mac Studio M2 is still running fine, but on some things, it gets a bit slow.
3. Gas, electricity ....
4. Food is not really a problem, as we eat much less and dream about the good old days when we could get a really nice buffet at the Indian Casinos, Reno, or Las Vegas. And in any case, the preferences is Grass Fed Beef/Bison, A2 milk, healthy food - which no restaurant can guarantee.
5. And sooner or later, my big monitors will have to be replaced.
6. Travel not so much of a problem. Every time we go somewhere, when we come back to Pacifica, the expression is: Finally, fresh air! Last time we went to Paris, I came down with COVID and was very sick for a good week.
...
But, there are some use cases for an appraiser's license.

I will keep my Real Estate Brokers License - not that I would sell any houses - I just need it for data access.

 

[Alsie35]

Wha? I do mostly big city little row homes, and get payed the same as u urbaners get, with less driving and plenty of close comps. All direct lenders.

I always have said that i have a priveledged appraisal life.

Sorry, but such is life, you peasant appraisers.

Well done, Tom. Our "niche" was easy-peasy bedroom community appraisals, and big city older homes. And those we will "ride into the sunset" this year - or maybe next depending on the 3.6 Abomination implementation.

 

[Alsie35]

*SNIP* I was looking forward to being in this profession well into my 70s, working as much as little as I wanted. Then one day I would die and not show up for an appointment.

Ditto here. But the UAD 3.6 Abomination took away that plan. Fortunately (knock on wood) we will be able to retire anyway (and I am REALLY looking forward to it - will miss meeting interesting people and seeing interesting homes, but no biggie - my eyes are not liking the endless screen staring anymore anyway). We'll have to spend more of the savings than we had planned on, but we'll be alright - Lord Willing.

 

[sputnam]

The cost of taking classes that offer little or nothing to a veteran appraiser is very annoying.

 

[Mark K]

The cost of taking classes that offer little or nothing to a veteran appraiser is very annoying.

Even finding a class that was relevant got difficult. My last CE before I let my license expire was simply re-taking some previous classes online and finished all of the hours in one afternoon.

 

[Non Sequitur]

I took it as meaning he doesn’t want to pay the fees to be in this profession anymore. Not that he was financially set in life.

Yep. I was in a Zoom meeting last week and during the introductions one of the appraisers detail how she’s also licensed as an attorney in three states, she stated it’s cheaper to maintain those licenses than the one appraiser certification she has. The bloodsucking in our industry isn’t just the AMC‘s.

 

[chad hampton]

Yep. I was in a Zoom meeting last week and during the introductions one of the appraisers detail how she’s also licensed as an attorney in three states, she stated it’s cheaper to maintain those licenses than the one appraiser certification she has. The bloodsucking in our industry isn’t just the AMC‘s.

It’s extortion at this point. Cut a few groups a check and we’ll let you keep your license and ability to feed your family.

Mob and govt aren’t much different.

If they were serious about continuing education and USPAP, they would not permit it to be taken online. If nothing else you used to get some good back-and-forth between other appraisers in class.

 

[DTB]

It's good part time work. Better than being home all day bored. People are living longer, and usually run out of money later in old age. Pay attention to your future expenses and what you have saved.
I like getting out of the house and being paid.

I could not justify doing it part time with all of the costs associated with it.