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johnmbryant

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Reply with quote  #1 
New AQB requirements for trainees, licensing, CR, and CG take effect May 1, 2018.  If this affects you, read the attached PDF.  The big changes are to education and experience required for each level of classification.

 
Attached Files
pdf AQB Fourth Exposure Draft RPAQC FINAL.pdf (228.89 KB, 35 views)

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RubberStamp

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Reply with quote  #2 
Even our very own AQB caves into the AMC and falls for their tricks. 
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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BracketThis

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"Let's get more Skippys in here! Nobody will accept my full interior assignment for 5,000 sq.ft. house with full finished basement for $250!"

What a joke. 

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Meatloaf

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Reply with quote  #4 
I don't think allowing long term licensed appraisers to use their experience in lieu of college education is really like "letting in the skippys".  There are a lot of good licensed folk that don't have college degrees and don't want to get one.  And, many licensed folk have gotten a degree to upgrade and realized that they are now qualified to do something else and leave the profession.

It is a bit upsetting that the AQB had to change the licensing requirements to accomodate the AMC's.  The AMC is the one who promoted the use of only CR's to start with.  This should have been addressed through congress not the AQB.  This should have been addressed nearly a decade ago not when the AMC's just want more blood to suck.

I personally think its a step in the right direction, it is just ashamed that it took this long and happened in this manner.

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RubberStamp

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Reply with quote  #5 
Quote:
Originally Posted by Meatloaf

I personally think its a step in the right direction, it is just ashamed that it took this long and happened in this manner.


I agree!  If by "step in the right direction" you mean being replaced by AVMs, hybrids, newly minted staff appraisers sponsored by AMCs, and being forced to move onto another career or work for $225.


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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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treskirkland

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Reply with quote  #6 
Not sure why the need to do this.  The last couple of years have been the exception, this year you will see there is absolutely no shortage of appraisers, but may even be an over supply.  Between higher rates and more loans not requiring appraisals, volume will drop and the AMC's will once again have no problem finding appraisers to do jobs for $275.  Other than current licensed appraisers deciding to now upgrade to CR, I don't see any mad rush for new people deciding to become an appraiser.     
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Lobatt

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Reply with quote  #7 
Why get into residential appraising? The AMC's have killed it. You can't build a "company" with multiple employees in residential appraising. If you're going to start at the ground floor in real estate then sell real estate. You'll have a higher potential for income for the same amount of work and can start a real estate brokerage.

The next shortage is going to be in commercial appraising because CG's are even older than residential appraisers.
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Meatloaf

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Reply with quote  #8 
Quote:
Originally Posted by RubberStamp


I agree!  If by "step in the right direction" you mean being replaced by AVMs, hybrids, newly minted staff appraisers sponsored by AMCs, and being forced to move onto another career or work for $225.



Does the C in front of your R really make you a better appraiser?

Who would you rather do your appraisal?  a 5 year seasoned appraiser or a 1 year college grad?

btw the L's are under cutting your fee.  Move them to CR and they won't have to do that.

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RubberStamp

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Reply with quote  #9 
Does the M in front of the D make them a better Dr.  Or the C in front of the PA make them better tax preparers?

Jody, that is how you distinguish levels of training in this world.  By education and certification.  We all have PhD friends who don't have an ounce of sensibility yet they have $150,000 jobs handed to them in which they hold the fate of hundreds of people with decades more experience from day 1.

That is just how the world works.  It is partially because those in our own industry don't understand that a certification DOES make you more marketable, reliable and valuable that we have allowed the erosion of our own designations.  

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #10 
I would rather have an appraisal done by several people that I know who are no longer in the biz that were L's because they were "eroded" from an industry than many of the CR's and CG's that I know.


Back in the day CR let you value homes over 1mil for FRT's.  In my market, there were virtually NO homes over 1mil.  To this day, I have done about 3 homes over 1mil.  The CR test was identical to the L test.  The hourly requirement was 500 more hours... Whoop de doo.  The additional classroom hours were 30 hours.  Two weekends wasted learning crap we will never use all to do those houses over 1mil.  Not to mention the costs involved.  I got about $2000 invested in my CR.  

It wasn't until it an appraisal done by a 'certified' appraiser was required by the feds that this became an issue.  It was a simple misunderstanding... by 'certified' they didn't literally mean a CR or CG... They meant a REAL appraiser with certifications... not an agent, avm, or registurd.

So... many good L's lost their career due to this ignorance and you think this is a step in the wrong direction????

Glad you really think that C in front of your R makes you a better appraiser.

Think about it this way, the few remaining L's are doing the same job as you but for half the money.  Give them CR status and they can raise their fees and become less of a headache for you.

BTW... About the M in front of the D making for a better doctor???? No.  Personally I try to avoid those mafukas like the plague.  I know their game and there are very few of them I trust.

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RubberStamp

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Reply with quote  #11 
Quote:
Originally Posted by Meatloaf
I would rather have an appraisal done by several people that I know who are no longer in the biz that were L's because they were "eroded" from an industry than many of the CR's and CG's that I know.


Back in the day CR let you value homes over 1mil for FRT's.  In my market, there were virtually NO homes over 1mil.  To this day, I have done about 3 homes over 1mil.  The CR test was identical to the L test.  The hourly requirement was 500 more hours... Whoop de doo.  The additional classroom hours were 30 hours.  Two weekends wasted learning crap we will never use all to do those houses over 1mil.  Not to mention the costs involved.  I got about $2000 invested in my CR.  

It wasn't until it an appraisal done by a 'certified' appraiser was required by the feds that this became an issue.  It was a simple misunderstanding... by 'certified' they didn't literally mean a CR or CG... They meant a REAL appraiser with certifications... not an agent, avm, or registurd.

So... many good L's lost their career due to this ignorance and you think this is a step in the wrong direction????

Glad you really think that C in front of your R makes you a better appraiser.

Think about it this way, the few remaining L's are doing the same job as you but for half the money.  Give them CR status and they can raise their fees and become less of a headache for you.

BTW... About the M in front of the D making for a better doctor???? No.  Personally I try to avoid those mafukas like the plague.  I know their game and there are very few of them I trust.



I understand your logic.  But you are speaking as an insider inside this industry.  Those on the outside have no way to distinguish you as they don't have the expertise to vet you out.   Therefore the necessity of certification, education and training. 

Those have jumped through the right hoops have vested interest in their profession beyond that of someone who has less invested.  Therefore you are more professional, in theory, and should be climbing the pay ladder.

There are many who are very smart, but very stubborn, and therefore do not jump through the hoops that would ensure security and recognition for good jobs.  Sometimes they rise to the top as rogue entrepreneurs.  Sometimes they are just pissy, but smart, hourly employees raging about the 1% who are their bosses.

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #12 
Quote:
Originally Posted by RubberStamp



I understand your logic.  But you are speaking as an insider inside this industry.  Those on the outside have no way to distinguish you as they don't have the expertise to vet you out.   Therefore the necessity of certification, education and training. 

Those have jumped through the right hoops have vested interest in their profession beyond that of someone who has less invested.  Therefore you are more professional, in theory, and should be climbing the pay ladder. 


So, you like competing with folks that are forced to charge half what you charge for the exact same service?

They are talking about letting folks substitute 5 years of experience with no wrist slaps in lieu of a college degree.  I don't see how that is a bad thing for the industry.  Would you like a plumber with 5 years experience or a college degree?  Would you like a real estate agent with 5 years experience or one with a degree?

The guy straight out of college will work faster and cheaper with less knowledge than a 5 year L.  

I know that this is a step in the right direction, its just too bad it took them too long to do it.

You have always preached that there are too many appraisers and that things will get better when our numbers decline.  This is not true.  You know what you call an industry with no players??? Extinct.  We need more appraisers and better paths to becoming an appraiser.  Simply trying to keep others out of our playground and blasting the industry by saying that no college grad should choose this as a career is just bad for business.

I welcome new blood into our industry.  I would like to see some of the bad blood we have go away.

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RubberStamp

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Reply with quote  #13 
You can't create more demand by increasing supply.  If they have a way to make us extinct they are going to do it regardless of our numbers.  So I'd rather roll the dice and keep good appraisers at supply levels and hope for decent pay.  I think the numbers are a big scam.  Even if we are averaging in our 50' or 60's we are still 10-15 years away from a shortage as appraisers will appraise until at least 75.  I'd rather try and keep the next 10 years as close to the way we are as possible and we will have plenty of time to adjust to the future when it comes.
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Meatloaf

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Reply with quote  #14 
Quote:
Originally Posted by RubberStamp
You can't create more demand by increasing supply.  If they have a way to make us extinct they are going to do it regardless of our numbers.  So I'd rather roll the dice and keep good appraisers at supply levels and hope for decent pay.  I think the numbers are a big scam.  Even if we are averaging in our 50' or 60's we are still 10-15 years away from a shortage as appraisers will appraise until at least 75.  I'd rather try and keep the next 10 years as close to the way we are as possible and we will have plenty of time to adjust to the future when it comes.


You can't create more demand by increasing supply?? You sure about that?

If you only had 10 appraisers in the whole world, there would be no demand.  Everyone would get their values from real estate agents and AVM's.

When was the last time you had your car appraised?  How did that work out?

Steve Job's gave us something we didn't know we needed.

The L's lost their clients, income, respect, everything over night.  You don't think its time to give it back?

How many CR's are there with NO degree?  The L's that are left are the better appraisers as the sorry ones have long since found another career.

I don't agree that it was the AQB's responsibility to right this wrong, but I am at least glad that someone did.

BTW... The L doesn't just grandfather in... They still have to pass all the same requirements and tests as everyone else but they are able to substitute a BS college degree in underwater basketweaving for 5 years of actual real-world experience.

I have yet to figure out how my degree in chemistry makes me a better appraiser...

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