The future of residential appraising

Is the future of residential appraising just form filling for mortgage brokers? Is there any future for professional residential appraisers? Appraisers who can do an appraisal without being give a number to "come up with"? Appraisers who really look and highest and best use and don't just check a box on a form saying the highest and best use is the current use? 

What's your opinion? Send an email to Ann O'Rourke, MAI, SRA (webmaster for this site) at ann@appraisaltoday.com . If you want your opinion to be posted here, include that in your email. 

Links to articles on the future of residential appraising

• A serious learning gap for new appraisers by Doug Smith - good commentary on training new appraisers 
• Mentoring tomorrow's appraisers by Doug Smith - http://www.naifa.com/gram/2003jan/smith-jan03.html   - good commentary on training new appraisers 
• What is a "good" appraiser? - Is there any future for professional residential appraisers? Is form fillers the future of residential appraising ? 
• AI's Residential Admissions Project Team (RAPT) Executive Summary - Worth reading, includes the AI's rationale for SRA changes but  has good commentary on the future of appraising in the first part of the article

Proposed changes in SRA designation (fall of 2004)

Commentary on SRA changes

Now, residential appraisers holding the SRA designation from the Appraisal Institute (AI) have higher requirements than for state certified appraisers. In 2004 the AI proposed to change the requirements to match the AQB 2008 state requirements, with the changes starting 1/1/05. Is this another nail in the coffin for professional residential appraisers?  

• AI's Residential Admissions Project Team (RAPT) Executive Summary - AI's rationale for SRA changes - well written
• Response to proposed SRA changes by Anthony Mills, MAI, SRA
• Is there a future for the SRA designation? By Ann O'Rourke, MAI, SRA, editor of Appraisal Today
• The sure death of the SRA designation by Bruce Hahn, SRA, ASA
• Obituary (SRA), anonymous
• Table comparing SRA and AQB requirements (PDF) No commentary.
• Table comparing SRA and other designation requirements (PDF) No commentary.

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This page was last updated on 05/10/2008