I did change careers. I retired.

Appraisal fees are now down to $465 Net in Tucson, AZ but were $600 Net twelve months ago. So I quit AMC’s last Friday.

I’m from the government, I’m here toooo help.

Tooo much government; if the especially the governments are controlled by all of them public people.

Interesting that the AMCs set their (low) appraisal fee based on a some business profit goal and the typical appraiser is suppose to set their appraisal fee based on the complexity of the appraisal assignment. Two opposing standards and opinions. AMC’s have taken over the entire appraisal process. So AMC’s appraisers comply or leave. It appears that AMC appraisal work is similar to professional slavery(you do as you are told or they easily get someone else)

I have more than one AMC telling me the same general thing – they set the fees. I have done only initial research on this topic, and have not yet acted on it. The advice online is to file a complaint – with your state’s appraisal board, the Office of Comptroller of the Currency, the Consumer Financial Protection Bureau, and the FDIC. No, I don’t yet have contact information for these agencies, but I’m sure they are available online. I hope everyone starts filing complaints.

I have more than one AMC telling me the same general thing – they set the fees. I have done only initial research on this topic, and have not yet acted on it. The advice online is to file a complaint – with your state’s appraisal board, the Office of Comptroller of the Currency, the Consumer Financial Protection Bureau, and the FDIC. No, I don’t yet have contact information for these agencies, but I’m sure they are available online. I hope everyone starts filing complaints.

Appraiser agrees to “xxxxxxxx’s” fee sheet and may not request deviations from such fees unless he or she is able to provide documentation of extenuating circumstances that justify such deviation. No fee modifications may occur without the written approval of “xxxxxxx”.

So the AMC’s get to tell us how much the appraisal is worth, SOW be damned.

Have you ever been invited to your clients (the Attorneys) bankruptcy?
Do you discount for multiple parcels, justify the market time and discount with accounting & appraisal standards?
Do you have working understanding in the collection of fees?
Do you work for an attorney or for his client? who do you collect from?
Frequently lenders financing both small and large developments require a developer to put more equity into their inventory, on analyses you will find discounts and marketing times required.
Your client and the borrower will question your positions.
DID you read the LATEST. The supreme court Of? is hearing a case of legislatures who foreclosed on TAX properties for themselves, resold them and did not return the left-over equity to the original owners?

Remember when pricing yourself DON’T use hourly rates, these hourly rates do not include any thing for the bidding, the retirement, or the administrative duties for your office.
Social Security won’t cut it.

Re-Lo appraisers frequently do re do’s afterward for a lender. However, Loan appraisal requires a current Value and the ReLo a future estimate and market suggestions.
The appraiser is invited in for both jobs and there be some awkwardness if the differences are fully explained.

Jayde for Appraiser Czar!

In the early 1950s for a fifth of Jim Beam I bought a job as a truck driver and joined the teamsters. I was enthusiastic and attended a meeting, there was an important meeting that evening and we had visitors, Big guys from the big city rallying us up.
most everyone had an influenced opinion that evening!
I now hold an honorary retirement from the teamsters.

Who wants to become a NON-PROFIT?
I had a client who wanted me to contribute my fee.

In Dianna words BULSHIT.
I went directly to the IRS and inquired How I could protect my client relationship, my fee and reputation. IRS said they don’t generally pay fees.

V.A. loans are different. They are recourse loans, and the veteran borrower will pay the loan off or lose his Cadillac and bank account.

Good on you, why not charge $800?