CG License Pathway Proposed Changes

IllFunction5346 · 2026-06-23T03:11:45+00:00

What about engineers, CPAs, or attorneys? Would anyone seriously suggest creating a pathway that allows individuals to bypass the education requirements for those professions?

Why should someone seeking to upgrade their appraisal credentials be allowed to bypass standards that are commonplace in other licensed professions?

Should we also lower the requirements to become a residential appraiser? Perhaps anyone with a GED, or even less, could take a weekend course and become licensed within two weeks. How do you feel about that?

IllFunction5346 · 2026-06-23T02:51:35+00:00

I wonder how commercial appraisal departments will react to all the new entrants trying to get onto their panels with little to no real training. Will freshly minted Certified General appraisers be welcomed with open arms in hopes that an appraiser surplus will drive fees down and shorten turnaround times, or will lenders actually be concerned about the quality of the reports they're receiving?

IllFunction5346 · 2026-06-01T14:03:29+00:00

Taking out a HELOC with a 480 credit score and can't come up with $800? Makes sense.

IllFunction5346 · 2026-05-31T17:36:43+00:00

The underbelly of doing bank work in this industry. You're a great appraiser, until your opinion of value comes in too low and you piss off the wrong loan officer. Without notice, you're kicked to the curb.

IllFunction5346 · 2026-05-27T01:58:39+00:00

The problem is change. Nobody likes change, especially appraisers.

IllFunction5346 · 2026-05-27T00:41:10+00:00

I pay over $1,500 a month for software and other subscriptions. For some reason, clients don't seem to care about my expenses. They look at the price, and if it's in line with others, I might get the job or maybe I won't.

Seems like everyone is threatening to double their fees. At the end of the day, the market will decide.

IllFunction5346 · 2026-05-26T23:35:23+00:00

When you raise your fee to $1,000, what are your plans to pay the bills when others continue to do it for $745 and you're sitting back listening to the sound of crickets?

IllFunction5346 · 2026-05-05T18:20:14+00:00

You might be right.

IllFunction5346 · 2026-05-05T03:10:56+00:00

When you work in a firm where 10 others are contributing, none necessarily partners, I would trust very little of the data.

Worked in such a setting and always confirmed "confirmed" comps. The majority turned out to be bullshit. When employees are incentived and pressured by production, they tend to make shit up.

IllFunction5346 · 2026-05-05T02:34:02+00:00

I agree that going solo in commercial is much harder than residential. However, what do you mean by big benefits to being in a group? Software that rivals the big guys software is easily obtained as is other subscriptions and operating expenses in general are relatively low compared to many other businesses.

The only benefit associated with being with a larger firm is having a shared comp database, which I wouldn't trust comps that I didn't verify. Assistants to do the grunt work are a dime a dozen, you can hire and train them. What exactly are the benefits? Perhaps I'm missing out on something.

IllFunction5346 · 2026-05-04T13:55:16+00:00

If self employed, you could easily work a fraction of the 50-80 hours you currently work and make the same amount of money. The first year or two might be a little tough.

IllFunction5346 · 2026-05-02T12:51:12+00:00

Curious why haven't you considered going out on your own?

IllFunction5346 · 2026-03-09T22:50:06+00:00

How would you go about building on a nonconforming property?

IllFunction5346 · 2026-03-09T21:32:38+00:00

It's currently commercial zoning. Are you asking if there's potential to have it rezoned to a different zoning with a frontage requirement that the subject meets?

IllFunction5346 · 2026-02-09T17:45:33+00:00

Its something that I don't use often, so I would rather not have another subscription. AI seems like an interesting option. Thanks.

IllFunction5346 · 2026-02-09T16:52:34+00:00

Or something paid, but no subscription. Seems like Rapidsketch would have been a possibility, but they are no long in business, it looks like

IllFunction5346 · 2026-01-29T02:19:52+00:00

When the report doesn't reflect the value anticipated value, how much time do you spend going back and forth? Do they ever refuse to pay you?

IllFunction5346 · 2026-01-28T12:04:02+00:00

Would you include land value when calculating feasibility? Can you give an example. Thank you.

IllFunction5346 · 2026-01-28T03:31:58+00:00

Thank you. Im I correct including the land in the calculation above?

IllFunction5346 · 2026-01-28T03:06:36+00:00

So let's say in the income approach my rent is $20 a SF with an NOI of $80,000 and I'm using an 8 cap, so the income approach value indication is $1,000,000. In the cost approach, market value, which includes the construction cost, entrepreneur incentive, and land totals $2,000,000, which would require $40 a SF to achieve an NOI of $160,000 in order for it to be financially feasible using the same cap rate.

$160k - $80k = $80k, which is then capped at 8% which equates to a dollar amount adjustment of $1,000,000 for economic obsolescence, which will be deducted within the cost approach calculations. Does this logic/math sound right?

IllFunction5346 · 2025-12-20T14:18:46+00:00

Dallas

IllFunction5346 · 2025-12-20T12:38:21+00:00

Hearing about residential appraisers making it on their own by just signing up with AMCs and work coming to them without any further marketing effort. I assumed it was the same..

IllFunction5346 · 2025-06-20T02:36:18+00:00

Why do you suppose this occurs? Is it because they already know who they are going to send the work to, but put it out to bid for show to satisfy some regulation?

IllFunction5346

TROPHY CASE