Real Estate Appraiser Board; appraisal experience.
Impact
The amendments proposed in HB1418 significantly impact the requirements for licensure as a real estate appraiser in Virginia. Under this bill, individuals completing designated training programs will receive full or partial credit for the experience normally mandated by the Board. This receptiveness toward innovative training alternatives is expected to help address the shortage of qualified appraisers, ultimately enhancing the overall efficiency and effectiveness of the real estate appraisal process in Virginia.
Summary
House Bill 1418 introduces amendments to the Code of Virginia related to real estate appraisal licensure. The bill aims to recognize and accept the Practical Applications of Real Estate Appraisal (PAREA) training programs as valid experience required for licensure. This change allows for a more modern approach to acquiring appraisal experience, moving beyond traditional supervisor-trainee structures. The intent is to streamline the process for aspiring appraisers, thereby potentially increasing the number of qualified professionals within the field.
Sentiment
The sentiment around HB1418 appears to be largely positive among stakeholders in the real estate sector, including existing appraisers and organizations involved in real estate education. Proponents argue that the bill offers a flexible solution to traditional training requirements, which can be cumbersome and outdated. However, there may be concerns regarding the adequacy of the training programs compared to hands-on supervision, indicating a nuanced sentiment with respect to the quality of appraisal education versus experience.
Contention
Notably, while the majority view the bill as a progressive step, some contention may arise regarding the quality assurance of the newly accepted training programs. Critics may argue that the traditional methods of supervision are vital for gaining deep practical knowledge, and that solely relying on simulation-based training could compromise the skills of new appraisers. Therefore, while the bill has the potential for widespread support, it is essential to monitor discussions around the effectiveness and reputation of these alternative programs.
Requires State Real Estate Appraiser Board to adopt alternative program to acquire experiential requirements for prospective real estate appraisers attempting to qualify for licensure or certification.
Requires State Real Estate Appraiser Board to adopt alternative program to acquire experiential requirements for prospective real estate appraisers attempting to qualify for licensure or certification.
Requires State Real Estate Appraiser Board to adopt alternative program to acquire experiential requirements for prospective real estate appraisers attempting to qualify for licensure or certification.
Requires State Real Estate Appraiser Board to adopt alternative program to acquire experiential requirements for prospective real estate appraisers attempting to qualify for licensure or certification.
Mississippi Real Estate Appraiser Licensing and Certification Board; separate from Mississippi Real Estate Commission and from Mississippi Real Estate Appraisal Board.