What is important in a designation to you and what would you like to see?

[Cynthia]

Designations have again become more visible in the residential appraisal world. What do you feel is the most important thing about a designation? What is needed to make them significant? What would your best case be?

I'd love to see a PRA (peer reviewed appraiser) reviewed by peers currently doing the same type of assignments (lender work reviewed by appraisers currently - last 3 months - doing lender work, legal work reviewed by peers doing legal work etc. A review panel that has been reviewed by their peers in the panel before reviewing others and maybe a rotation of reviewers. Seems like it would take some doing but could really mean something. If you know 2 or 3 of your jobs picked at random were going to be reviewed how would you feel about it?

Back when I was at B of A in the early days an appraiser had 10% of their work reviewed until they passed probationary employee status and then based on how your reviews came out that could go up or down but you always had your work randomly reviewed. I think it helped us.

What do you think?