“Dear x,

Thank you for your interest in working for our appraisal company!

As you know we have not sent over any orders to you because our program was anticipating new governmental regulator changes made in the Financial Reform Bill to increase appraiser compensation. We waited for these changes to take effect in October of 2010, and then on April 1, 2011. While the bill is supposed to be effective on April 1, 2011 there are not any governmental enforcement agencies at this time to enforce the regulations, and interpretation of the law is still under heavy debate.

This is the reason that our partnership has been delayed. Leading Edge Appraisals is a licensed and insured appraisal company that has been working hard to make a mutually beneficial relationship with you. We worked very hard to interview and screen the best appraisers we could find, and you have been selected.

We were hoping that with these new regulations we would be able to create a mutually beneficial relationship allowing us to pay you $200-$300 per appraisal which is what we had agreed upon. While we greatly continue to hope and pray that the government will enforce “presumption 2”, we have to make decisions based on the current market, and therefore have developed an alternative plan. This new plan requires sacrifices on both of our behalves but also has great potential rewards.

Currently, we have clients that have a strong work load in your market area, but have to turndown a lot of work because they are paying less than what we previously stated. Therefore, what we are proposing, if you are interested, is to set you up at 67% of whatever appraisal fee we receive down to a total appraisal fee of $200 which would result in $134 worth of compensation to you, our appraiser. If you aren’t willing to do this in all of the counties you cover, maybe you would be willing to do it in your home county, as obviously you would be traveling less. Remember, this would just be the minimum fee that you would need to agree to accept.

Please understand that while we would love to pay you more, which is why we waited over 6 months for these regulations to be installed, we are forced to work in the boundaries of the current circumstances. Should the government enforce their regulations, your compensation will go up accordingly.

If you are still able to able to work with us given these new circumstances, please reply and let me know. If you want to narrow your coverage areas to be better able to work under these terms, please inform me of that as well. Our goal is to develop mutually beneficial relationships and increase your business revenues. We look forward to hearing from you and anticipate a great deal of success – together.

Sincerely….”