Preview Mode Links will not work in preview mode

The Appraiser Coach Podcast


Listen while you drive to and from appraisal inspections as Dustin Harris, The Appraiser Coach, gives you helpful tips, tricks, ideas, and principles which will make you a better appraisal business owner. Dustin has been a successful real estate appraiser for many years. As the Appraiser Coach, he has made it his life’s mission to teach other appraisers across the country to also succeed and thrive as real estate appraisal business owners. Join Dustin each week as he keeps you informed with the latest in the appraisal profession, interviews movers and shakers, talks to your peers about what is important to them, and shares with you his secrets to incredible success.

Feb 28, 2016

Issac Peck, Editor of Working RE Magazine, joins us to discuss his recent article:

 

The Decline of Appraisers

 

This is a short, informative article that really nails down the problem facing the future population of appraisers and (more importantly) what we can do about it.  In the article, Issac gives a call to action.  Here is the contact information you will need to participate:

 

Appraisers are encouraged to submit their (concise and considered) comments to the AQB before the March 31, 2016 deadline: Email: aqbcomments@appraisalfoundation.org or mail to: Appraiser Qualifications Board, The Appraisal Foundation, 1155 15th Street, NW, Suite 1111, Washington, DC 20005.


Dave Hohman
almost three years ago

I listened to this podcast and read Issac's article. Also, I emailed comments to AQB regarding the pending changes. From the beginning of state licensing, there have been concerns of an under supply of qualified appraiser. It has never happened. Actually, we have had an oversupply which has helped to drive down fees and make the residential biz a cottage industry. Only now are we beginning to recover in Florida. Having worked for an AMC, I understand their mentality when it comes to fees. It is all about supply and demand for contract appraisers and their staff appraisers. Fees have to raise if the supervisor/trainee business model is to be viable. And the only way fees will raise is if the supply of appraisers is reduced to a level that will command a fee which supports it.

In Florida during the mid 2000's, we had so many unqualified and unskilled individuals get into the business because of the low qualification threshold. Most were not adequately supervised because the fees were supportive and there were lazy supervisors. I think we need to keep the bar high for now to continue to tighten the market for our services. Again, the appraisal fees need to be at a level that supports the supervisor/trainee business model.

Angela E. Stegall
almost three years ago

I'm a supervisory appraiser over a trainee, my son. He has a college degree, has taken the appraiser classes, continuing education and works a full time job elsewhere. In order to get his certification, he has to take several more courses and get in 2500 hours of appraiser training. I think we may have gone a little far in our requirements in order to have appraisers of a higher standard. He has already completed about 60 appraisals with only about 500 credit hours. Only 2000 more hours and several more courses to go!