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PAREA Update: 6 Days Until First Launch

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.

Appraisers Know Their Jobs Aren’t Going Away: Here’s How to Join ’Em

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).

New info on PAREA as launch dates get closer

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. 

Aspiring appraisers: Texas is 1 of 5 states with no additional licensure 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. 

TALCB May meeting recap: addressing bias, PAREA launches, new online resources

The Texas Appraiser Licensing & Certification Board met on Friday May 19 at headquarters in Austin. TALCB Chair, Sarah Oates, opened the meeting by welcoming new Board Member John H. Eichelberger, III. Chair Oates also thanked outgoing Board Member Clayton Black for his service and acknowledged the reappointment of Board Member Rolando Castro. 

Bias

“Texas is ahead of this issue especially with our partnership with the Texas Workforce Commission,” said TALCB Commissioner Chelsea Buchholtz as she presented to the Board highlights of agency operations.

Now Accepting Public Comments on Appraiser Complaints Made in Bad Faith

The Texas Appraiser Licensing and Certification Board is considering how to investigate complaints against appraisers made in bad faith—filed for the purpose of harassment or to gain a competitive advantage. Under Tex. Occ. Code Sec. 1103.452 and Board Rule 153.24(d), complaints filed in bad faith must be dismissed.

Alternative Model for Gaining Appraisal Experience in Program-Review 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.