The Appraisal Blog

The Appraiser Qualifications Board (AQB), which is one of the subcommittees of the Appraisal Foundation, and is responsible for establishing the minimum qualifications for real estate appraisers has approved the Practical Applications of Real Estate Appraisers (PAREA) program.  The program will be a departure from the standard Supervisor-Trainee model that has existed for decades and will allow another pathway for individuals to enter the profession.  The Appraisal Institute appears to be the first organization with an approved PAREA program.

I am all for modernization of the appraisal process and training, but think that this might not be necessary if the AMC model was retired.  I have trained many individuals to licensure over my career... but don't do so anymore.  The AMC's require the supervisor appraiser to inspect every property with their trainee and makes no financial sense.  It didn't used to be that way!

So we will see how this pans out ... 



https://www.appraisalinstitute.org/aiparea/

The Appraisal Foundation has released the Second Exposure Draft to the Real Property Appraiser Qualification Criteria.  The major change is that now as part of the 2 year cycle in which appraisers must take 28 hours of continuing education, 7 hours of USPAP will be required (this was always the case) and now a portion of the remaining 21 hours will be allocated to a valuation bias and fair housing laws and regulations course.

Apparently this will be in addition to the appraisal bias course the state of California already mandates.



https://appraisalfoundation.sharefile.com/share/view/s0a12c252a4e54f939ed7dd7123353d80

We have just complete the green appraiser certification course through Earth Advantage and Build It Green!  The course was a wealth of information on green building techniques, sustainable building concepts, and the valuation of green building components.

https://builditgreen.org/
http://www.earthadvantage.org/