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Mass Appraiser Qualifications The Future of Education Experience Requirements in the IAAO A Presentation for the Florida Chapter of the IAAO by Jim Todora CAE M

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Mass Appraiser Qualifications The Future of Education Experience Requirements in the IAAO A Presentation for the Florida Chapter of the IAAO by Jim Todora CAE M Powered By Docstoc
					    Mass Appraiser Qualifications
The Future of Education & Experience
     Requirements in the IAAO
         A Presentation for the
      Florida Chapter of the IAAO
       by Jim Todora, CAE, MAI
Why are we talking about appraiser
             qualifications?

•On February 20, 2004 the AQB adopted
sweeping changes to appraiser qualifications
•The changes are effective January 1, 2008
    Amended condition by TAF on
         October 16, 2004
    Organization must require all its appraisal-designated members
    to meet, in the areas of education, experience and continuing
    education, the minimum criteria adopted by the Appraiser
    Qualifications Board for corresponding Uniform Standard(s),
    which were in effect at the time the designation was awarded.
    The organization will also require its designated members to
    fulfill the continuing education requirements as reflected in the
    current AQB Criteria. Where no minimum qualification criteria
    have been adopted by the Appraiser Qualifications Board, the
    organization will demonstrate meaningful requirements for
    education, experience and continuing education, and
    examination for its designated members.
    Excerpts from IAAO response
        dated April 28, 2007

   Because the new AQB rules speak to real estate
    valuation under USPAP Standard Rules 1&2, rather
    than Rule 6, it is the Executive Board’s position that
    IAAO and our members are exempt from having to
    meet the new regulations.
   IAAO’s USPAP committee has been tasked with the
    responsibility of developing recommended experience
    and education qualifications for our profession under
    standard 6
    IAAO Executive Board Action

   In August 2005 the IAAO Executive Board approved
    two project plans that set in action changes to it’s
    education program

    1.   To rewrite and update all of its education programs

    2.   To pursue a licensing agreement with another education
         provider for AQB approved education offerings
IAAO Areas of Education
                          Real
                        Property
                        Appraisal



   Mass                                   Mapping
  Appraisal                                & GIS
                     IAAO
                    Education


        Assessment
       Administration               Personal
        &Tax Policy                 Property
IAAO Education Program Structure

              Courses 30 Hours
 Self Study



    One-day
                              Workshops
    Forums
                            7 to 21.5 Hours
    7 hours
    Courses that have been updated
   Real Property
       Fundamentals of Real Property Appraisal - 101
       Income Approach to Valuation - 102
       Income Approach to Valuation II - 112
       Appraisal of Land - 201
   Mapping
       Principles & Techniques of Cadastral Mapping - 600
       Cadastral Mapping Methods & Applications - 601
   Personal Property
       Assessment of Personal Property - 500
   Assessment Administration
       Assessment Administration - 400
A New Paradigm for Mass Appraisal
           Education
   The IAAO Executive Board approved the use
    of a project team to craft the cornerstones to a
    new mass appraisal education program
     A fresh look at new programs not just an update of
      existing material
     Provide students with material useful in the
      workplace
     Employ hands-on classroom computer use

     Design programs from elementary to advanced

     Address all size Jurisdictions
                Specific Items
   Retain the prerequisite for basic appraisal
    education
   Design five core Mass Appraisal courses
   Courses are to be taken in sequence
   Employ Microsoft Excel with intermediate
    courses
   Employ SPSS in advanced courses
   Design the textbook to correspond to the core
    courses
    Current Mass Appraisal Offerings
   Courses
       Fundamentals of Mass Appraisal – 300 (30 hrs)
       Applications of Mass Appraisal – 310 (30 hrs)
       Residential Modeling Concepts – 311 (30 hrs)
       Commercial Industrial Modeling Concepts – 312 (30 hrs)
       Multiple Regression Analysis– 320 (30 hrs)
   Workshops
       Introduction to Computer Assisted Mass Appraisal – 350 (21.5 hrs)
       Multiple Regression Analysis for Real Property Valuation-354 (11 hrs)
   One-day Forums
       Preparation of Data for Analysis for Modeling - 929 (7 hrs)
       USPAP Standard 6, Mass Appraisal - 949 (7 hrs)
Current Mass Appraisal Programs
      and Suggested Path
                             Basic Appraisal
                               101 & 102


                              Fundamentals
                            of Mass Appraisal

                 Residential             Comm/Industrial
              Modeling Concepts          Modeling Concepts

                             Applications of
                             Mass Appraisal
Multiple Regression
     Analysis
        New Five Course Design
   The proposed core course concept starts at an entry
    level providing the basic building blocks of mass
    appraisal.
   Each subsequent course is to be taken in sequence
    before moving to the next level
   The first course will be lecture style
   The intermediate and advanced courses include hands-
    on computer application each building upon the
    accomplishments of the previous course
Title & Sequence of Mass Appraisal Courses
       Fundamentals of Mass Appraisal

               Mass Appraisal
          Practices and Procedures

             Modeling Concepts

           Modeling Applications

        Application of Mass Appraisal
        to Non-residential Properties
                 Glossary
•IAAO – Int. Assoc. Asesing. Officers
  •CAE – Cert. Assessment Evaluator
  •RES – Residential Evaluation Specialist
  •AAS – Assessment Administration Spec.
  •PPS – Personal Property Specialist
  •CMS – Cadastral Mapping Specialist
•DOR – FL Dept. of Revenue
  •CFE – Certified Florida Evaluator
  •CFA – Certified Florida Appraiser
•DBPR – Dept. of Busi. & Prof. Reg.
  •Registered (R.P.)Trainee
  •Certified Residential (R.P.) Appraiser
  •Certified General (R.P.) Appraiser
          Glossary Con’t.
•TAF – The Appraisal Foundation
  •   ASB – Appraisal Standards Board
      •   (USPAP)
  •   AQB – Appraiser Qualifications
      Board
      •   Real Property Appraiser Credentials
          • Trainee
          • Licensed
          • Residential
          • General
             Glossary
•AQB - Segments
  •Education
     •Academic
     •Professional Qualifying
     •Professional Continuing
  • Experience
  •Examination
IAAO Draft White Paper (AQB) Model
  Certification Requirements for Ad
       Valorem Mass Appraisal

  •Creates Three Credentials
    1. Certified Mass Appraisal
       Specialist
    2. Residential Mass Appraisal
       Specialist
    3. Mass Appraisal Specialist
       Trainee
IAAO Draft White Paper (AQB) Model
  Certification Requirements for Ad
       Valorem Mass Appraisal
  •Follows the Same Segment
  Requirements as the AQB Real
  Property Credentials

    1. Education
    2. Experience
    3. Examination
    Core Education Requirements
 (Noted Education Subcommittee Changes)
        Mass Appraisal Specialist Trainee

Fundamentals of Real Property Appraisal 30 Hours
The 15-Hour National USPAP               15 Hours
Appraisal of Land                        30 Hours
Fundamentals of Mass Appraisal           30 Hours
Mass Appraisal Practices and Procedures 3015 Hours
Income Approach to Valuation             30 Hours

Total                               135150 Hours
Residential Mass Appraisal Specialist
     (Noted Education Subcommittee Changes)

Fundamentals of Real Property Appraisal 30 Hours
The 15-Hour National USPAP               15 Hours
Appraisal of Land                        30 Hours
Fundamentals of Mass Appraisal           30 Hours
Mass Appraisal Practices and Procedures 30 Hours
Residential Modeling Concepts            30 Hours
Residential Modeling Applications        30 Hours
Modeling Concepts                        30 Hours
Income Approach to Valuation             30 Hours
Cadastral Mapping                        15 Hours
Modeling Application                     30 Hours
Mass Appraisal Subject Matter Electives 7 Hours
Total                                202 210 Hours
 Certified Mass Appraisal Specialist
        (Noted Education Subcommittee Changes)
Fundamentals of Real Property Appraisal       30 Hours
The 15-Hour National USPAP                    15 Hours
Appraisal of Land                             30 Hours
Fundamentals of Mass Appraisal                30 Hours
Assessment Administration                     30 Hours
Residential Modeling Applications             30 Hours
Mass Appraisal Practices and Procedures       30 Hours
Modeling Concepts                             30 Hours
Modeling Application                          30 Hours
Income Approach to Valuation                  30 Hours
Income Approach to Valuation II               30 Hours
App. of Mass App. to Non-resid. Property      30 Hours
Cadastral Mapping                             30 Hours
Fundamentals of Industrial Valuation          15 Hours
Mass Appraisal Subject Matter Electives    15 30 Hours

Total                                        300 Hours
         Creditable Experience
1.   Data Collection
2.   Sales Verification
3.   Model Specification
4.   Model Calibration
5.   Final Review
6.   Valuation and Assessment Appeals
General Credential Comparison
Residential Credential
    Comparison
Trainee Credential Comparison
IAAO Professional Designations

   •CAE Affected
   •RES Affected
   •AAS Unaffected
   •PPS Unaffected
   •CMS Unaffected
      Important Points

•Existing Designees will likely be
Grandfathered
•States May or May Not adopt
Mass Appraisal Certifications
•If adopted who will administer?
•DOR?
•DBPR?
Thank You
Questions/Comments

				
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posted:7/30/2011
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