AQB Moving Like a Turtle
Appraiser Qualification Board moving like a turtle in solving how to get more people into the appraisal profession.
I recently returned from a trip to Maui, Hawaii. While there, we saw two beaches where the ‘famous’ green sea turtles were lounging around during the day. Kinda reminded me of how slowly the Appraiser Qualification Criteria (AQB) is reacting to the near shut-off in getting new and younger people into our business.
AQB didn’t take real constructive action at their Nov. 18, 2016 public meeting, but they did provide this riveting synopsis of what they did do during the meeting:
On November 18, 2016, the Appraiser Qualifications Board (AQB) held a public meeting in St. Louis, MO. The meeting provided the AQB with an opportunity to hear public comment in response to the Second Exposure Draft of Proposed Changes to the 2015 Real Property Appraiser Qualification Criteria (Criteria). In addition, the Board provided an update on the following AQB programs:
- National Uniform Licensing and Certification Examinations
- Course Approval Program
- Graduate/Undergraduate Degree in Real Estate Review Program
Second Exposure Draft of Proposed Changes to the Real Property Appraiser Qualification Criteria
The AQB received over 170 written comments in response to the Exposure Draft issued on September 15, 2016. The comment deadline was November 4, 2016. If you would like to review the Exposure Draft and comments, please click here.
The AQB did not adopt any of the proposed changes in the Second Exposure Draft, and plans to issue a Third Exposure Draft in March 2017, which will further refine the proposals made thus far. The Third Exposure Draft will focus on experience requirements as well as a possible alternative track for experienced Licensed Residential appraisers who lack a 4-year degree, but may want to move to the Certified Residential level.
The Board is assembling a panel of experts to develop revised requirements for “practicum courses,” which are now referred to as “practical applications.” The Board looks forward to exploring additional paths for individuals seeking an appraiser credential to obtain experience without a traditional client.
My comment above is NOT related to the current fictional account of ‘shortage of appraisers.’ There are plenty of CURRENT appraisers. What concerns many of us ancient folk – who will be leaving for other pastures in the not too distant future – is the entry process for new appraisers is extremely difficult, almost to the point of absurdity.
I’ve taken 4 phone calls from interested people in the last 3 months, wanting to become an appraiser. These folks are located in areas where doing the required apprenticeship is extraordinarily difficult due to geography, and because there is no real incentive for Certified appraisers to train new people, meaning most won’t do that.
I don’t have the answers to this dilemma. But it’s something that needs to be solved, “sometime this century”, or there definitely will become a real ‘shortage of appraisers.’