Experience Requirements Reduced
Sometimes the only substitute for experience, …is more experience.
Dear Mr. Traynor:
The American Guild of Appraisers has long been on record in opposition to the original requirement for a college degree to become any level of real estate appraiser. This was never a requirement of Congress at all, but rather one developed by the AQB over time.
While we are pleased AQB has abandoned the college degree at the licensed and residential certification levels, we are disappointed to see it is still being proposed at the general certified level.
We repeat for the record; there is nothing involved in commercial and industrial appraisal that requires a degree unless AQB is admitting that its basic general certification testing requirements & tests are deficient. Your continued insistence on a college degree is nothing more than elitism.
We are also particularly concerned that AARO was among your consulting groups. Allowing AARO to provide input circumvents not only the will of the United States Congress but also that of the individual states. It is inappropriate for state bureau employees to circumvent their legislators to effect changes in the real estate profession.
Instead of requiring a degree for general certification, increase the testing requirements. If that is not enough, then require that continued education for general certified appraisers include a certain number of hours in advanced appraisal techniques.
Many of us would prefer to take new, advanced courses for credit rather than the same old repetitive courses designed for residential appraisers. Direct your focus in this area instead of the unnecessary degree requirement and meaningful advanced education will result.
By requiring a college degree, you impede the ability of existing general certified appraisers to relocate, or to become general certified in new states. So, when many of us reach a point in our lives where we would like to relocate to another state for whatever reason, we cannot do so, and the only other option is to give up appraising. At a minimum accept the same experience credits the federal civil service does. Two years related experience to one-year educational requirement.
AQB has done more to create the so-called appraiser shortage over the past fifteen years than the recession; HVCC and abuses of AMCs combined have. This is just one more example.
The American Guild of Appraisers also opposes reducing the experience requirements by any amount. There is no need for it other than what we have been told in public by TAF is an accommodation for new college grads that can’t be bothered to take three to five years in order learn their new chosen profession. It is not the function or obligation of TAF or AQB to ease entry for a selected class of applicants only.
Regardless of one’s background, it still takes a good five years to become proficient as an appraiser. Simple competency may be attained in a shorter period, but certainly not all-around proficiency. There is a reason lenders normally require five or more years for new appraiser panel applicants.
It’s ironic that TAF/AQB and others talk about “lowering standards” if the degree requirement is removed, but no such perception of lower standards is considered to result if the experience requirements are lowered. I have not heard one appraiser demand this over the past ten years. Not one.
There are no practicum courses that will give a new appraiser three to five years equivalent experience. Sometimes the only substitute for experience, …is more experience.