If you are billing less than $800 per easy appraisal you should aspire to become a form filling appraiser. Most accredited tax people without degrees (form fillers) bill $300 to $400 PER HOUR and have a fraction of the training time required by appraisers. If an appraiser billed at the same rate they be billing $2,500+ for a simple assignment.

You better believe I would be a cut corner form filler if I were crazy enough to accept beggar wages.

Unfortunately the process has become so complex the form fillers are doing well if they manage to walk away with minimum wage. I applaud those form fillers for providing minimum research for MINIMUM PAY!

Book sale revenue must be down. If one suffers a licensing downgrade, would likely to be subjected to updated college degree requirements to regain the license. Even if you pass the tests, the proposal is a never ending series of additional fees and specifically required collegiate level class work based specifically on your wrong answers.

The long form link is in the post I provided above. This is the abbreviated with lists of questions for appraisers to answer at the end.
https://appraisalfoundation.sharefile.com/share/view/sa70550f1c41743fcb240e2deeceabe30

This is the survey link they just asked appraisers to fill out about the educational proposals.
https://www.surveymonkey.com/r/AQBComments

The appraisal industry by way of managements bat **** crazy approach to fluid rule making, presents as an ongoing contradiction which is never resolved. For just about every single policy and advisement related to appraisers primary responsibilities, they have recommended the opposite thing in the past. Nobody is in charge, policy and advisement changes daily. The appraisal industry has no clear long term vision, planning, or goals.

It seems to me this is selective discrimination against one profession, appraisal. If one profession can be made to retake their “licensing” exam every two years then ALL professions should be made subject to the same standard including, but not limited to; lawyers, accountants, realtors, brokers, doctors and the list continues. Why should any profession be excluded? This has gotten out of hand when they can “willy nilly” say that the appraisal profession is different. There is a case here.

EJ, the legal language for your argument is Anti Trust and Restriction of Trade.
https://en.wikipedia.org/wiki/Sherman_Antitrust_Act
https://en.wikipedia.org/wiki/Racketeering

The amc industry has it all. Harm to consumers, harm to provider competition, price fixing, collusion, monopolization, a function to conceal dealings from regulatory authorities, restriction of trade, racketeering, etc. The amc industry fails certain tests because; They do not return cost savings to consumers. They do not benefit the market place with their service. Their service actually causes harm. And the type of service provided is not generally necessary.

The appraisal trade groups fail to recognize appraisers important contributions to consumer protection, to acknowledge that almost all mortgage lending appraisals which consumers rely on, the literal majority of all appraisal work out there, is run through amc syndicates whom continue to engage in anti competitive practices.

Once again, I’d prefer that the ‘Powers That Be’ just say the quiet parts out loud. They don’t want appraisers.

Appraisers are getting squeezed from both ends – the regulatory side of Fannie and Freddie, HUD DEI nonsense, and state boards, AI and appraisal waivers; and then from the broken client/AMC model.

If it becomes mandatory that appraisers must retest every 2 years to hold their certification, in addition to 21+ hours of CE and USPAP, I’m out like a scout.

I agree. It’s all talk until we see positive changes.

I’m not AI but I know from the past that words mean nothing. Actions mean something.

The issue extends beyond just the fees; it lies in the fact that AMCs are obstructing opportunities for anyone outside their selected pool of appraisers. These appraisers, in collusion with the AMC, agree to reduced fees and faster turnaround times to secure the majority of the workload, effectively shutting out other professionals.

Bill Black talks about this a lot.

At one time, I could pay my rent with one appraisal. Now it takes six.

***This comment was edited by AppraisersBlogs Team. Profanity is edited out because it’s inappropriate within the context of this blog.***

Agreed, now what we should all quit because some f** appraisers, cannot get work without kissing the worthless amcs a**s?

Bravo! Especially love that last line.

It becomes massively irrelevant when the keys to the ordering system are handed to criminals (AMCs) who use reverse auctions to disperse jobs to the lowest bidder while simultaneously elevating the cost of the appraisal for maximum profit.

In my opinion, the appraiser who truly understands their value left this business years ago.

https://financialregnews.com/cfpb-launches-inquiry-into-junk-fees-in-mortgage-closing-costs/

https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-inquiry-into-junk-fees-in-mortgage-closing-costs/
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How does the CFPB share complaint data?

We’ll share your complaint with the company so it can review and respond to the issues you’ve described.
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Good luck. Mortgage lending is only a side focus, not likely to get much attention. The CFPB will apparently tattle on any and every appraiser to the same companies the appraiser complains against, publishing official complaints with the appraisers name stated, sent directly to the same company the appraiser complains against, or the CFPB will likely disregard the comment. File that complaint and volunteer to be blacklisted.

Pressuring appraisers works. And works very well.