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/