At its May 3 2019 meeting, the Appraiser Qualification Board demonstrated a glimpse into the future. A future where trainees will gain appraisal experience using virtual reality.

The program is called Practical Applications of Real Estate Appraisal (PAREA) currently.

Here is a demonstration of learning to measure a house:

(Note that the demonstration is from 2:04:53 to 2:17:00, we’ve started the video above at 2:04:53 for you)

There is an exposure draft describing the program and seeking your comments. The deadline for comments is June 1, 2019.

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