AQBs proposal in the March 15, 2017 Third Exposure Draft of Proposed Changes to the Real Property Appraiser Qualification Criteria suggests allowing trainees to gain their field experience hours by attending classes designed to simulate that experience.
For the last two years, the Appraiser Qualifications Board (AQB) has been examining potential areas of change to the Real Property Appraiser Qualification Criteria. It has become more and more difficult for trainees to find supervisors to work under even after they have successfully completed all current educational requirements.
The idea of using a classroom setting and pre-identified criteria for practice inspections is not new in the appraisal industry; the Appraisal Institute (AI) is been using this model in the MAI program for years. And one could argue, with a great amount of success.
While this concept is receiving mixed reviews; it is also clear that the appraisal community isn’t getting any younger, and there needs to be a way to perpetuate the profession.
One issue deals with licensed residential appraisers with years of experience who are unable to upgrade their certification.
If the AQB proposals described above are promulgated they will pave the way for trainees to receive some or all necessary training from a training program versus being mentored one on one by an appraiser in the field.
If you have thoughts regarding this proposal please share them with the AQB. AQBComments@appraisalfoundation.org
Stay tuned to our next food for thought.
Good luck and do good work. Rich