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I think the trend to dumb it down further will be an easier path for the ISA to take vs. going in the other direction. How do they stop that boulder rolling downhill? By coming out with more certs and qualifications? At some point in time it is gonna become meaningless advertising gobblygook. Is the potential client supposed to be more impressed that Bob (with 5 years practical experience) has Certs A, B, C, and D, whereas Henry (with 15 years experience) only has Certs B and D?
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If the client needs work, which requires specialization in A and C, then yes.
I've taken the old test, and proctored the newer edition, so I'm familiar with both, and wouldn't say that the newer edition is dumbed down in the least.
Rather it's more in compliance with certification testing in other disciplines, which makes it a more, rather than less valuable certification.
There are all kinds of hats to be worn in the field of arboriculture, and advanced certifications and qualifications simply let prospective clients know which of those hats you make it your specialty to wear.
This lets prospective clients make more informed decisions as to the type of practitioner they wish to retain for their own particular problems.
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When the majority of prospective clients don't know what the difference is between a CA and one of a growing myriad of other badges and hats you can sport, I dunno that is a mark in your favour. Of course, it is possible to just shift the onus of responsibility onto the client to investigate credentials...
Furthermore, I betcha a heck of a lot more aspiring arborists now succeed in becoming CA's on their first attempt challenging the DUMBED DOWN exam. I have written both versions; don't be blowing smoke up my, or anyone else's azz that the new version isn't easier!