Thanks everyone I appreciate all of your feedback and so quickly to I spoke to someone from Mckissic yesterday afternoon and doing some research found that the reason the Parea Got ditched was that it was around $17,000 to go through the program. I was referred to the CE shop if I had continued interest in taking that virtual program. The person I spoke with was very helpful and answered many questions I had about licensing also since Georgia state commission never picks up their phone or answers my emails fun fun fun. Anyhow I’m sure this will all work out for something creative

I’ll bet you two rabbit pelts, a bear skin, and a bottle of coca cola that a day one certified residential appraiser can call up twenty different amc’s, and get approved with most if not all of them same day. Then they can spend the next few months clocking over sixty hours a week to complete an infinite chain of competently developed fee quotes for absolutely free, and hope to land a handful of sub par high complexity discount fee requests at less than half rate. Then they can feel like they are busy whilst juggling more free fee quotes and answering a never ending chain of amc report revision stipulations for that work they since regret taking on in the first place.

Imagine putting in all that hard work and effort to be a real estate appraiser and wishing you would have chosen lawn mowing instead. Welcome to real estate appraisal in the age of appraisal management companies. The property service managers literally pay the lawn crew substantially more than the appraisers, and that’s a cold hard green as a fresh cut lawn fact.

Mr Peters, you’re looking for this; / jobs board, new appraisers, etc.
https://appraisersforum.com/forums/

Anyone have anything solid why McKissock pulled back other than speculation? For all the hassle we give them, still like them more than the rest. Sometimes I can save a lot of time on CE and the classes are either easy or challenging, depending on how you approach student engagement. Previously published documents indicate 8 different companies working on parea class systems development.

https://www.appraisalinstitute.org/the-appraisal-profession/parea/parea-faqs
https://aaro.net/AARO/files/52/52a2c20b-681d-4cdb-a987-57a0219031bd.pdf
https://www.appraisalinstitute.org/the-appraisal-profession/parea

I had this bright idea perhaps jump to CG with parea, sounds like a no go. For outsiders looking in, important to know ‘demin values’ as that relates to federally regulated lending. Because with only a licensed and not a certified residential, you basically won’t get any work anyways. Anything over $400k and you will not be qualified to complete the service, probably won’t get accepted anywhere in lending in the first place, due to that limitation. Wait for the certified program instead. There is nothing to go around right now anyways. Appraisers are dropping left and right at an accelerated pace due to FHFA’s mandate for Fannie and Freddie to automate appraisers out of existence.

Tenacity and determination are the two most important qualifications to reach your goal. You either make up your mind that you’re going to grit your teeth and get through it, if you can find a mentor, and just put your helmet on and go for it. If you don’t have tenacity, you might as well just chalk that one up to “something I learned that I’ll never use.”

You need to find a mentor or try another place like the Appraisal Institute for the PAREA program to skip the mentorship route and get licensed and certified on the fast track so you can go out on your own. BUT GOOD LUCK with that. I can tell you my mentorship was invaluable for me to really learn the business. Then you have to learn how to run a successful Real Estate Appraisal business and it may not be like your concrete business. You do have to do simlar things like marketing, accounts receivable, accounts payable. You have to learn how to use the appraisal software program and how to choose the one that is best for you. It is not as easy as one might think. It will be difficult to find work unless you want to work for AMC’s who will take the cheapest and fastest rate so you will have to work 2 to 3 times harder to make the same money that us experienced, well qualified Appraisers do because we went through all the training and learned how to produce reliable reports so that we could keep our business running.

You better be up to speed on the bias allegations that many Appraisers will face moving forward if owners do not like your value. You better have a bullet proof appraisal file.

You see most people who think about getting into this businss, all they see is when we are in their homes and what we do and they think WOW this is a great way to make money…it is so easy. You come to a house, take pics, measure the home, ask some questions then leave and make alot of money! I cannot tell you how many people said to me wow I want to get into your business. That is when I stop them dead in their tracks and say WHAT YOU SEE NOW IS THE EASY, FUN PART. The hard part comes when I get back to the office and spend hours doing the analysis, reconciling the numbers, comparable sales and listings and then putting together the report into the software program.

Don’t think you can run 2 businesses at the same time either! It won’t work. Appraisals are all about meeting deadlines and when you fail to do that you lose work rapidly!

Good luck but I wish you had researched what all is involved before you spent 90+ hours trying to get into this business. You are just at the very start of a long process.

Well, when you hold peoples entire financial futures in your hands, it’s important to be prepared with the right skill set. Preparing a faulty appraisal with faulty data and unreliable research is akin financially, to building a bridge which fails and hurts people in the construction world. Would you trust a concrete installer whom just bought their way in to the industry, or would you want training and consistently reliable safety records? Same thing with appraisal.

Now that you’ve gotten through the class, two years of apprentice time, then you can be ready for solo. Read the entire FNMA selling guide, Dodd Frank Reg Z, FIRREA, HUD handbook, your own states total real estate manual (read for all three, mortgage, realty, and appraisal). Backread WorkingRE magazine and many articles from this website. Back read Appraisal Scoop website. Buy the software, get the insurance. Don’t play around with PAREA or you’ll always be at a disadvantage and will be consistently passed over for appraisers whom came correct with the apprentice model. I worked for nearly free for four years for this license, many of us went through similar apprentice periods. If you can get paid well while being an apprentice, consider that a bonus but do not expect such luck.

Statistically, well, I’m not entirely sure, nobody puts up statistics for this sort of success rate consideration. I’d imagine nine out of ten people whom took the class never actually make it to licensing status. Then nine out of ten whom make it to licensing won’t have staying power. First you pay for the class, then you struggle with clocking your apprentice hours, then many fail the PSI tests, and for those whom pass, then there is financial hurdles. Then there is liability and operational burn out which washes out a substantial volume of people. Get ready to pay many thousands of dollars a year on education, insurance, and expenses for the rest of your life. When we talk about over a hundred thousand people leaving their appraiser licenses behind over the past ten years, that’s a true story, something not to be taken lightly. Not having a boss is pretty darn nice though. We don’t own businesses, we own jobs. If we are not on track and up to speed, all it takes is one poorly produced appraisal to ruin everything. So get used to slowing things way way down if you want to be a successful appraiser over the long term. Hope that helps.

Appraisal Institute, asb, asc, taf, all of them, absolutely failed nearly the entire industry, because they were too scared to stand up to lenders and their insider amc connections. That’s real independence right there.

https://jobs.smartrecruiters.com/InfinityInternationalProcessingS/92106745-appraisal-reviewer?utm_source=ziprecruiter

The ‘amc industry’ has apparently devolved to fourth party outsourcing. I seem to remember when it was the lenders responsibility to pay for that, and appraisers did not have to share half their fee, to cover lender side expenses.

Printing and laminating for when I need a good laugh. Love every word

That is absolutely true. I have come to learn that all AMCs have absolutely no interest in appraiser support. Their one and only goal is to protect and serve their clients at all costs with no regard whatsoever for the appraiser. Yes some of us have to work for AMC’s to survive. I have fooled myself into thinking that some really do care about me. That’s the only way I’ve gotten through it and will continue to get through it during this last stretch.

According to the Appraisal Institute the cost to attend their PAREA course is:

AI PAREA for AI Professionals: $3,995 – so, almost 4 thousand!

AI PAREA for Non-Members: $4,425 – so, almost 4 thousand five hundred

According to AI; One of the benefits of AI PAREA is that you can complete the program modules at your own pace, with required mentor check-ins. They anticipate most participants will finish the program within 18 months, including 12 months for the practice assignments and immersive activities, and six months for the three final assignments.

Their web site says they are developing a scholarship program, as is the appraisal foundation.

Definitely was. I was at the ARROW conference in 2017. It was just in its infancy. I think they had started the research the prior year.

Definitely was. I was at the ARROW conference in 2017. It was just in its infancy. I think they had started the research the prior year.

The discussion was on bringing in fresh blood. PAREA was being introduced and was just being pursued as a possibility because so many appraisers wouldn’t bring on trainees. Finally Frank (if I remember correctly) got up to the microphone and went off about the elephant in the room. He said the room is full of appraisers who report on economics everyday, and the result is, bringing on trainees is not economically viable or many would do it. He proceeded to name the profitability issues starting with AMCs taking half the fee. (Much of the conference was underwritten by AMCs.)

Guess the chicken has come home to roost! ???