bidding game - Appraisers Blogs https://appraisersblogs.com/tag/bidding-game/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 04:05:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 bidding game - Appraisers Blogs https://appraisersblogs.com/tag/bidding-game/ 32 32 52046035 AMC Fined for Appraisal Order Blast Violation https://appraisersblogs.com/consolidated-analytics-amc-fined-4-appraisal-order-blast-violation https://appraisersblogs.com/consolidated-analytics-amc-fined-4-appraisal-order-blast-violation#comments Tue, 13 Oct 2020 12:30:58 +0000 https://appraisersblogs.com/?p=24499 Consolidated Analytics, an AMC based in Anaheim California, was fined $3,000 for violating the Utah AMC Administrative Rules R162-2e-306 “Offering An Appraisal Assignment and Communicating with Two or More Appraisers About a Potential Assignment. The specific part of this rule that pertains to broadcasting has been relatively effective in reducing broadcasting of assignments. Clear Capital recently was fined $5,000 for failing to comply and there are additional complaints working their way through the system. CONSOLIDATED ANALYTICS, INC., BRIAN GEHL, Owner/Manager, Appraisal Management Company, Anaheim, California. In a stipulated order dated June 24, 2020, Consolidated Analytics, Inc. admitted that it broadcast...

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]]> https://appraisersblogs.com/consolidated-analytics-amc-fined-4-appraisal-order-blast-violation/feed/ 18 24499 The Power of No! https://appraisersblogs.com/use-power-of-no-n-let-appraisal-management-companies-self-implode https://appraisersblogs.com/use-power-of-no-n-let-appraisal-management-companies-self-implode#comments Mon, 29 Jun 2020 12:30:37 +0000 https://appraisersblogs.com/?p=24102 Appraisers always had the power to end the appraisal management pyramid scheme. All we had to do is say no. Low fees, headaches, and idiotic reviewers have reached maximum capacity. The imploding of appraisal management companies is forthcoming. Over the past few months, appraisers have been simply saying no to low paying, time wasting, headache giving appraisal management companies; problematic portals too. I even read recently an appraisal was unable to be uploaded to a portal because the opinion of value was below the contract price. This type of influence rises to a whole new level, not to mention the...

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]]> https://appraisersblogs.com/use-power-of-no-n-let-appraisal-management-companies-self-implode/feed/ 18 24102 Class Valuation Did Me a Favor https://appraisersblogs.com/class-valuation-fits-squarely-into-low-life-amc-company-category https://appraisersblogs.com/class-valuation-fits-squarely-into-low-life-amc-company-category#comments Wed, 29 Jan 2020 13:30:24 +0000 https://appraisersblogs.com/?p=23455 My profile has been disabled from Class Valuation. They actually did me a favor. This does not bother me in the least as I have gotten nothing but bid requests from them. My resolution for 2020 is to change my focus and remove unwanted low-life companies from my business. Class Valuation fits squarely into the low life company category. I cannot call them a client as I have never received any work from them. Here is an email I received from them. Hello, Please note your profile is currently disabled with us pending a completed direct deposit form. The state...

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]]> https://appraisersblogs.com/class-valuation-fits-squarely-into-low-life-amc-company-category/feed/ 53 23455 Latest Bid Scam for Fee & Turn Time Quote https://appraisersblogs.com/latest-bid-scam-4-fee-turn-time-quote-via-mercury-network https://appraisersblogs.com/latest-bid-scam-4-fee-turn-time-quote-via-mercury-network#comments Wed, 04 Dec 2019 13:30:38 +0000 https://appraisersblogs.com/?p=23210 Lately, I and other appraisers who are ‘members’ of Mercury Network have been getting emails with what ‘looks like’ individual “bid requests” to quote fee and turn time for residential properties. I say ‘looks like’ because the email only has the singular appraiser’s email address showing. What’s actually been happening is the client is sending multiple emails to individual appraisers via Mercury Network. These emails always have an acceptance window of several hours, which is acceptable (unless 4 hrs or less). But they are not honoring the time frame window to present a bid, and withdraw the potential assignment, after...

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  • Let the Bids Begin! Bid assignments are more often than not awarded to lowest bidders... For the past couple of days, we have been…
  • AMCs Bidding Game An appraiser's response to AMCs bidding system. Recently, we came across an interesting story and thought it's something fruitful that…
  • The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

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]]> https://appraisersblogs.com/latest-bid-scam-4-fee-turn-time-quote-via-mercury-network/feed/ 26 23210 You Can Argue With Stupid, But You Will Never Win https://appraisersblogs.com/amc-email-blasts-2-undisclosed-recipients https://appraisersblogs.com/amc-email-blasts-2-undisclosed-recipients#comments Tue, 13 Mar 2018 12:30:46 +0000 https://appraisersblogs.com/?p=17388 Please introduce me to "undisclosed-recipients." I would like to pick his or her brain to find out how he or she is getting all these orders. Now I don’t consider myself to be the most intelligent person out there, but do consider myself a fairly intelligent individual. Periodically I receive an email with an order request from different AMCs. These are unsolicited emails from amcs I do not do business with. Why I am receiving these requests is a concern and a question for another day. The emails I receive are addressed to the person who sent the email, undisclosed-recipients;...

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  • What Goes On Behind The Scenes... This year it appears many AMCs have turned to blast requests of fee and turn time. We get them constantly…
  • Let the Bids Begin! Bid assignments are more often than not awarded to lowest bidders... For the past couple of days, we have been…
  • Stop S.2155 in the Senate Call to action to oppose Senate Bill 2155, also opposed by an overwhelming majority of Americans... Appraisers, We are placing…

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]]> https://appraisersblogs.com/amc-email-blasts-2-undisclosed-recipients/feed/ 10 17388 The Reality https://appraisersblogs.com/AMC-business-model-hurting-consumers https://appraisersblogs.com/AMC-business-model-hurting-consumers#comments Fri, 12 Jan 2018 13:30:53 +0000 https://appraisersblogs.com/?p=16171 There is no shortage of appraisers, only appraisers willing to work for Appraisal Management Companies, but there will be a shortage if the current toxic business climate does not change. The AMC business model is based on lies that hurt the consumer and your constituents. There are many voices that have agendas to reduce the qualifications to become a Real Estate appraiser, whether it be a Licensed Appraiser, Certified Residential Appraiser or a Certified General Appraiser. There are also voices that would like the requirements of an appraisal by a person licensed by the state to be waived as there is a...

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]]> https://appraisersblogs.com/AMC-business-model-hurting-consumers/feed/ 36 16171 What Goes On Behind The Scenes… https://appraisersblogs.com/blast-email-bidding-4-cheap-appraisers https://appraisersblogs.com/blast-email-bidding-4-cheap-appraisers#comments Mon, 18 Dec 2017 13:30:52 +0000 https://appraisersblogs.com/?p=15982 This year it appears many AMCs have turned to blast requests of fee and turn time. We get them constantly and simply delete them. Last week we received a blast email from an AMC that sends out blast requests for bids. We have never worked with Appraisal Nation before and don’t know how we ended up on their panel. In their rush shopping for the cheapest and fastest appraisers, they forgot to BCC the appraisers they blasted. It appears that this AMC is not only incapable of maintaining quality control and assuring competency for specific assignments but by disclosing appraisers’...

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  • Appraiser's Response to Metro-West Metro-West Appraisal, thank you for your bulk email solicitation... I will consider accepting work from you on the following basis:…
  • AMCs Bidding Game An appraiser's response to AMCs bidding system. Recently, we came across an interesting story and thought it's something fruitful that…

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]]> https://appraisersblogs.com/blast-email-bidding-4-cheap-appraisers/feed/ 16 15982 Let the Bids Begin! https://appraisersblogs.com/mercury-network-appraisal-bid-requests https://appraisersblogs.com/mercury-network-appraisal-bid-requests#comments Thu, 10 Aug 2017 12:30:53 +0000 https://appraisersblogs.com/?p=15114 Bid assignments are more often than not awarded to lowest bidders… For the past couple of days, we have been hearing rumors about Corelogic beta testing a “Residential Bidding” system for Mercury Network. It is no longer a rumor. It will be launched in late August. It did not take Corelogic long, after it acquired Mercury Network, to implement some changes. The bidding system will allow their customers to request bids from multiple appraisers. They claim that this feature will help their clients find an appraiser faster. Yet, will this be the primary reason it will be used? Based on...

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  • AMCs Bidding Game An appraiser's response to AMCs bidding system. Recently, we came across an interesting story and thought it's something fruitful that…

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]]> https://appraisersblogs.com/mercury-network-appraisal-bid-requests/feed/ 61 15114 Expert Witness AMC Order Blast & Appraiser’s Response https://appraisersblogs.com/amc-expert-witness-appraisal-order-blast https://appraisersblogs.com/amc-expert-witness-appraisal-order-blast#comments Thu, 28 Jul 2016 12:30:32 +0000 https://appraisersblogs.com/?p=12263 AMC’s order blast for Expert Witness Appraisal Services Before I can offer ANY bid, you folks need to decide whether you want a FNMA 1004 form, a 1073 form or a 1025 form. If the latter is sought, then a 1004MC would not appear to be relevant. I am expert witness qualified in Los Angeles County Superior Court. In addition to the base fee (due in advance) which starts at a minimum of $1,500 for SFR, $2,000 for a condo and $2,500 for a 2 to 4 unit rent controlled property in Los Angeles, I charge $350 an hour for...

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  • Appraiser's Response to LRES Order Blast LRES Standard Interior Appraisal Request? Your special requirements and micromanagement of the appraisal process dictate that I charge a fee…

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]]> https://appraisersblogs.com/amc-expert-witness-appraisal-order-blast/feed/ 5 12263 Appraiser’s Response to LRES Order Blast https://appraisersblogs.com/appraiser-response-lres-order-blast https://appraisersblogs.com/appraiser-response-lres-order-blast#comments Mon, 25 Jul 2016 12:30:17 +0000 https://appraisersblogs.com/?p=12213 LRES Standard Interior Appraisal Request? Your special requirements and micromanagement of the appraisal process dictate that I charge a fee commensurate with the additional, but typically unnecessary work needed to produce credible results. You are the potential client (agent), so that that is your prerogative and it would be my pleasure to accommodate you as long as appropriate compensation is provided. Respectfully, there is little about your appraisal request that is “standard”. Please explain briefly what you consider to be a ‘standard interior appraisal’. That definition does not appear in The Appraisal Institute’s Dictionary of Real Estate Appraisal. To be...

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  • AMCs Bidding Game An appraiser's response to AMCs bidding system. Recently, we came across an interesting story and thought it's something fruitful that…

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]]> https://appraisersblogs.com/appraiser-response-lres-order-blast/feed/ 80 12213 AMCs Bidding Game https://appraisersblogs.com/amc-appraisal-bidding-game https://appraisersblogs.com/amc-appraisal-bidding-game#comments Tue, 29 Mar 2016 12:30:41 +0000 https://appraisersblogs.com/?p=11551 An appraiser’s response to AMCs bidding system. Recently, we came across an interesting story and thought it’s something fruitful that needs to be shared. If you receive “appraisal orders by email-blast”, you may find the below “template” useful. This was inspired by another appraiser. We encourage appraisers to copy this defacto response or adapt your content to suit your context/circumstances. We need to work together as a group in our efforts to fight AMCs’ bidding system and put an end on low bid appraisal ordering. Dear AMC, If your company consistently calls for bid quotes and is unable to assign...

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