It’s not a problem. I don’t mind. Many persons do not yet realize that ‘country for sale’ is not a problem specific to one party or another. If only it was as simple as blaming one person or one group.

Define; “Libertarian”. https://en.wikipedia.org/wiki/Libertarianism

I’m more of a vote the issues sort of person. Turn off the corporate news.

Learn how the Federal Reserve system works. https://en.wikipedia.org/wiki/Federal_Reserve

Realrose, we have asked you several times to be respectful of the opinions of others and not to attack someone for having an opinion that differs from your own; to treat other commenters and the articles’ subjects and authors the way you’d like to be treated. Be respectful — not profane, offensive or inflammatory. Your comments are not constructive and certainly not helpful. This is your last warning. You are one step away from being banned from AppraisersBlogs! We count on your cooperation and appreciate your support!

What does anything in your statement have to do with appraising real estate

So mr baggins, why not call a spade a spade? Libertarians like you have taken over our government with the help of the tea party and republicans who covered up for trump’s crimes; he will take our country down and bankrupt everyone in it because he wants all the money, but has no qualifications for the office he holds; he does more damage each day, so I know he and his greedy friends are rigging the mortgage market, the stock market and pretty soon there won’t be any food in the grocery market when he gets done with the farmers. wake up baggins and stop your libertarian (selfish greedy bastards) speak. you are part of the problem, not the solution.

Great article Milton. It’s the first receivers of money argument. He tip toed around calling it QE. It’s QE, plain and simple, again.

The repo’s bail out is the tip of the iceberg. The fed built up these companies, funded them, they were first receivers of money, enjoyed negative lending rates in a climate of non accountability. Then they needed even more because since the beginning, the growth was not sustainable under normal free market principals. Lessons in the invisible hand and poisonous protectionism.

Language change, I’ll have to stop using the line that ‘because it’s an frt’… Corrective actions might include revisiting regulatory proposals. There were proposals to furnish consumers each and every eval created to include clear disclosure of methodology, the true spirit of the C&R rule 10k/20k, better disclosure, and of course; intended prohibitions on risky trading, actually creating better transparency and accountability throughout the financial sectors.

https://www.zerohedge.com/markets/944-trillion-reasons-why-fed-quietly-bailing-out-hedge-funds
https://www.zerohedge.com/markets/top-repo-expert-warns-fed-now-trapped-it-will-take-pain-wean-repo-market-easy-cash
https://www.zerohedge.com/news/2018-09-28/why-dodd-frank-protection-racket-banks

Gotta love the Tylers! Dude’s on the radio are talking about how it’s all 10x the size of what it was 2008 time frame. Revisiting firrea, regrettably, is only a band aid and will not stop the inevitable pending consequences of the federal reserves biased and secretive activity. Per your article, the senate’s banking committee’s first and final mistake, comes from recognizing the FED as a legal entity worthy of any trust in the first place. Raising deminis and similar activity throughout every sector is inevitable because the debasement of the currency continues at a rapid pace. Let’s tie every recognized government table to the comparative actual value of cash in this fiat system. The effective demin would again be somewhere in the 10k range. People have not had ‘appreciation’ of their homes, they certainly have seen a hell of a lot of more cash floating around. We’re only now seeing the inflationary effects of QE from several rounds ago. Now they can’t print it fast enough to keep up with even themselves. The American consumer always loses. In that regard, don’t worry about it because until a radical restructuring happens, the inevitable is the inevitable. Protect yourself.

My point to all of this Mark and tying it together with this blog, is that we have value even though the powers that be generally don’t want to recognize (waivers, etc.), and or choose to ignore for their own profits.

Keep up the fight.

Seek the truth.

I just started a praising residential last year. For the first time since high school. And no, I don’t know. How long it takes to get on the VA list?

The client for my first signed appraisal was the FDIC.

Mark, I did not say one HAD to wait 4 years to sign a first report solo, but rather for a variety of reasons that is the path and opportunity I was blessed with. Are you aware Mark that at one time the state of CA required NO LESS than 2.5 years of experience FROM RECEIPT of one’s trainee license to become a certified appraiser? What happens if you obtain 1.5 years of experience pre-license, have a supervisor signing out of trust for some time, and ultimately work the requirements for 2.5 years post license to become certified? Ask a friend, but 1.5 + 2.5 equals 4 (years).

Thanks for asking Mark, but are you aware of the past difficulties and timeline (current unknown) to become VA approved in the state of California? One must apply every year for possible approval, but within my circle the average wait time for approval is 7 years. Don’t even get me started on a past client (New American Funding), who required 10 years of experience just to apply.

Mark, if in fact you signed your 1st appraisal solo just 2 months out of college, be sure and thank all of your AMC clients for their efforts in lowering the bar for entry.

As my good friend would say, “Go make up a value”.

Seek the truth.

In knowing the truth Tom, spread the truth. Tell that credit union borrower about your 25 years in the industry. Tell that veteran that you’ve completed 10,000 assignments while the typical realtor sales 3.75 homes a year. Go speak with your local area assemblywoman where in my case it’s Lorena Gonzales sponsor of the disastrous California AB5 (yes I yelled for her to seek the truth).

Tom, if there are 50,000 true practicing appraisers in the nation (1,000 per state), then you and all of us are special.

Seek the truth.

FYI Bill, I haven’t done any work for an AMC in ten years. Every time I read a post from blog, it reminds exactly of why not!

I know the truth…

Embrace the grind Tom and stand up to those are are trying to knock us down and profit off of the misery of many.

Yes Tom, everyday I try and be special.

Seeking the truth and welcoming the grind.

AMC’s are worthless, Don’t do work for them and they should go away

Bill is special and so are all appraisers refusing AMC work! If that’s you Tom, then you’re special too 😉

Bill Johnson, sad you had to wait 4 years to sign your first report.

Signed my first report, apartment complex, 2 months out of college.

You are so special. Must have way too much time on your hands. You haven’t done anything different than any other long standing, prudent appraiser. Must be trying to impress the newbies.

Your grind is old…seek a life…

Yes Larry, the education of over time has meant many things to me. Education of, meaning I was a trainee for 4 years before I ever signed a report solo. Education of, as the trainee became the trainer. Education of, meaning I was the business owner and no longer the employee / independent contractor. Education of, civil use, tax assessment appeal, residential lending. Education of my current residential clients. Education of, every agent, buyer, homeowner I come in contact with.

Seeking the truth and attempting to educate since the 1990’s.

This is where we as professional appraiser have failed (educating). “As it relates to diversifying to say civil use work, one very important factor I take into consideration is what I call the education of. Meaning, why not take the time and energy to serve / educate a few local clients (weekly, monthly meetings), versus having to always inform and educate new ones”

Educating instead of explaining on the back end. This educating /consulting effort must be a part of a successful appraiser’s tool kit. Lately, it’s a big part of what is necessary on my end after delivery of a report for clients to fully grasp what an appraisal or a valuation entails.

Been there done that Johnny Q and reinvented myself many times to fit the need of the market. Currently, between the VA, and 3 credit unions I have all the work I need to make anyone unhappy (ha ha). I’m blessed to have mine, but understand for a variety of reasons that many don’t (locally / nationally), thus my point of view is often not of my world, but rather the world of others.

As it relates to diversifying to say civil use work, one very important factor I take into consideration is what I call the education of. Meaning, why not take the time and energy to serve / educate a few local clients (weekly, monthly meetings), versus having to always inform and educate new ones.

Seek the truth.

Bill, sounds like you’ve got all your eggs in the lender work basket. Maybe you should consider diversifying.

Steve, if just one in a thousand want to be business owner appraisers reads this blog post here first (reality of the business), and makes an educated decision accordingly on their professional future, versus reading Dustin’s fluff piece “You want to become an appraiser”, and jumping in before checking the water, then I call that a success. As redundant and tiring as it might be, the truth doesn’t take a day off as someone new everyday needs to be informed.

Did you spend 30 minutes today talking / listening to an agent about the underbelly of our industry, I did? Perhaps her next buyer will qualify for an appraisal waiver, but just maybe she will remember our conversation and educate them to the importance of independence. Hell, perhaps your next assignment will be because of a seed I planted 10 years ago (HVCC), or 10 days ago.

Your welcome.

If only those newbie appraisers had someone to sell them a dream and the brochure literature.

Seek the truth.