In this episode of Beyond the Numbers with McKissock Appraisal, we interview Melissa Bond, a certified residential appraiser, Senior Appraiser for the Department of Veteran Affairs, and developer of the Mississippi Practical Appraiser Training (MPAT) program. EPISODE TIMESTAMPS: - [02:21] What is MPAT? - [07:47] What does MPAT teach you? - [14:43] Countering the critics of MPAT - [20:11] What does a typical day with MPAT look like? - [25:34] Background diversity with MPAT candidates - [34:12] Breaking down the MPAT process - [39:51] Timeline for completing the MPAT program - [45:14] Closing thoughts with Melissa Bond
“What is the Mississippi Practical Appraiser Training program?”
According to the U.S. Department of Housing and Urban Development, “The Mississippi Practical Appraiser Training (MPAT) program is the first of its kind that provides appraiser applicants the opportunity to train for licensure without going through the traditional trainee process.”
There are three different paths to licensing when it comes to real estate appraisal. The first path, the supervisor-trainee model, is the most commonly thought of, and involves individual, 1:1 training. The second path, PAREA, otherwise known as Practical Applications of Real Estate Appraising, is an independent pathway to licensing, and is offered by education providers (including McKissock Appraisal). The third path, which this podcast episode explores at greater length, is MPAT, where a certified instructor educates via practicum. The thing that helps set MPAT apart is its emphasis on teaching concepts rather than just steps to be taken. With MPAT, the importance is placed on truly understanding the ins and outs of the industry in order to have a firmer foundational knowledge that becomes more practical in real world application.
TOPICS WE DISCUSS DURING THIS EPISODE:
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