The Appraiser Diversity Initiative (ADI) is including a virtual option to its USA tour. On October 24, ADI’s “How to Become a Real Estate Appraiser" workshop is hitting an online platform from 6-8 p.m. Register here to receive a live link to attend.
The highly anticipated rollout of the first Practical Applications of Real Estate Appraisal (PAREA) program is now around the corner. After three years of development and one test release, the Appraisal Institute (AI) team says they are ready to release a licensed residential module.
“I have not heard of any glitches or significant problems, so all indications are that things are moving along pretty well,” said Scott DiBiasio, AI state & industry affairs manager.
It was a room full of professionals with loads of knowledge that eager attendees were ready to pull from. This “How to Become a Real Estate Appraiser Workshop” was hosted in Houston by the Appraiser Diversity Initiative (ADI) on August 24. The series of speakers included Texas Appraiser Licensing & Certification (TALCB) Director Melissa Tran (left, pictured at podium).
What does it mean to be an appraiser and what does it take to become one? Entering the industry includes many hours of instruction and some money. But now, there is renewed focus on opportunity.
There is more demand than supply. Hands-on experience is a requirement to become a real property appraiser, however the Texas Appraiser Licensing & Certification Board (TALCB) has fielded numerous calls from appraiser trainees expressing frustration over there not being enough resources for them to fulfill experience requirements.
The Texas Appraiser Licensing & Certification Board (TALCB) understands that becoming a licensed appraiser can be difficult. Minimum federal requirements consist of hundreds of hours of education, thousands of hours of experience, and an exam; also, each state has a right to impose its own requirements. TALCB does not want to make it any harder on aspiring appraisers to get licensed, especially when the industry is facing an appraiser shortage and a lack of diversity.
Recent forms updates, new appraisal experience assignment options, and an alternative pathway to fulfill your experience requirements are just a few ways the Board is removing inessential barriers to entry for aspiring appraisers in Texas. Here are three articles that outline the latest enhancements to the process.
In response to appraisal trainees’ difficulty in finding supervisory appraisers, the Appraiser Qualifications Board (AQB) adopted the Practical Applications of Real Estate Appraisal (PAREA) program. PAREA is an alternative to the traditional supervisor and trainee model and offers practical experience through a range of online and virtual reality technology. The AQB is currently in the process of vetting prospective programs.
Prospective appraisers must submit a completed Appraisal Experience Log as part of their application. New forms effective January 1, 2022, are available to help clarify and streamline this part of the process. Start by reviewing the new Appraisal Experience Log Instructions.
The 87th Texas Legislature passed House Bill 2533 which allows Texas appraisers to complete evaluations without complying with the Uniform Standards of Professional Appraisal Practice (USPAP). Prior to this change, Chapter 1103 of the Occupations Code required appraisers licensed or certified in Texas to comply with USPAP when performing an evaluation of real property.