Don’t You Value our Relationship?
Relationships, we all have them. And despite the efforts of Dodd Frank to destroy them, we have somehow managed to keep them. A big bank that I had a great relationship dropped me because their portal system decided there were too many appraisers last year and left me hanging. No orders for a year. Now they’re busy and want me to do appraisals. Great! But between the portal fees, underwriting charges, title surpluses, software charges, destination charges, taxes, etc. the fee works out to be substantially lower than most work I have. They asked me “don’t you value our relationship?”. I replied where were you the past year? I do value the relationship, you just have to pay a reasonable and customary fee like everyone else.
VACAP’s Don Clark had a nice article in Appraisal Buzz. Woody Fincham, SRA is speaking at the Valuation Expo in Baltimore at the end of the month. And Coester VMS is trying save face (we shall see how it plays out).
Valuation Expo is in Baltimore on June 29, 30 and July 1. If you go, give me your take on things.
The Appraisal Institute will have its National Conference at the end of July in Dallas. These are always extremely educational.
Dr. Randy Bell MAI, is speaking at the VAAO event in Charlottesville on July 15-17. They are offering a 7 USPAP class as well.
The new FHA guidelines will soon take affect. As appraisers our responsibility as home inspectors is going to increase significantly. No more head and shoulder inspection of the crawl space. It states the appraiser must perform a full inspection. Read the 449 pages and let me know what you think.
- AMC Engagement Letter: Appraisers Do Not Include Your Invoice - July 28, 2023
- We the People… - April 9, 2023
- Federal Valuation Agency Impact on Appraisers & the Public - July 22, 2022