Again, we are our own worst enemy. Nurses, Healthcare workers, actors, autoworkers they all know how to handle a bad situation why don’t we?!

We all have an equity in our society, good or bad. I’ll always feel this as a responsibility to take a part in or not.

Some want to be controllers, some think all should be controlled, some want everybody controlled.

The WOKE are a Suttell group, NETFLEX bought a children’s authors work’s and has republished them with a rewrite for the those like “Charlie and the chocolate factory, etc. but not his wirings, of bombing and strafing in WW-1.

Equity by way of unnecessary government imposed ‘management’.

I’m starting to get a better more thorough understanding of what this equity term is all about.

We’ve been living it ahead of the crowds.

AMC cubicle dwellers DO NOT CARE. you are of zero importance to any AMC staff member. Its literally their job to get the appraisal yesterday for free.

I have seen $300 jobs come across my email. I just in the last 10 minutes had an appraiser tell me they took a $375 job that is a $625 job all day.

He also just told me $400 is his normal fee in town now where it was >$600 8 months ago.

My average fee for the last 5 years has been overall increasing for full appraisals from ~$700 to over $900. This is across 20 counties in 2 different market areas.

When things are slow-a quick turn time is a good easy compromise.

Today your lucky to keep 50% post AMC haircut, net 50% of that 50%, and pay companies like Stripe 3% just to get your check direct deposited. The good old days of paying cash at the door.

Seek the truth.

I collected cash at the front door in the long ago past. I had printed out receipts, kept under my clip board and distributed them at the site.
Just think, bookkeeping streamlined and no collection fees.

Lots of little bankers years ago had to watch expenses and arrange for the future.
These independent banks would raise interest rates in the winter (a historically dead season), then they chose what kind of business they wanted (commercial, Agricultural, SFR’s or small business), from which they would control their future.
Most small bank failed or merged several years ago. Will we start another cycle?, are we?

I kept an old handwritten bill from an old boss of $5.00 for the appraisal of a vacant lot. The old boss was a reason I was hired, He went off to an elected position in government, and the business was, increasing and reorganizing.

What is the point of playing along with clowns? I was always like; Take notes because the numbers do not change; This standard turn time, this standard fee. And I’ll let you know if I need more in rare circumstances. Why do you guys keep bothering me with quote requests, I already told you, it’s not going to change.

These amc idiots don’t even know how to take notes what appraisers fees are in the first place. The panel management is abhorrent, purely incompetent, which is why they can’t even remember appraisers names from one day to the next, much less the fees.

Who’s brilliant idea was it to acquire 100 quotes on every order and maintain a list of 100 vendors in every possible location. Incompetent management. If I called a hundred plumbers every time I needed a pipe fixed, soon I would have no plumbers willing to answer the phone for me.

Same deal with the amc industry at large, so incredibly unprofessional and poorly managed, their own processes made the amc’s impossible to work with. The amc’s own initial trade group disbanded and the head guy walked away in shame. It was hardly a choice from the appraisers side of the desk, the amc industry begged every appraiser in this country to simply drop them or give up all hope on life and change our names to retired appraiser. I know at least some here whom can relate to that.

Jaykee, I tried that 21 years ago. I quoted reasonable fees and TAT. I found out that other appraisers, who needed work, who needed to capture a lender client, who needed to work nights and weekends make ends meet. After 18 years of doing appraisals for lenders I decided to seek other work clients. I never look back. It was a good move. There’s appraisal life after lender appraisal work.

Kim,
And that’s unfortunate! Around the end of ’08 we had a slow down in my areas and instead of accepting lower fees I dipped back into my previous profession part time. Made some great money, but after 20 years in that one I was tire, just stayed until the market picked back up with all the foreclosures and yes they paid my fees at that time.

Independent fee appraiser…….certainly means “independent” when it comes to dealing with AMC appraisal fees and TAT. Terrible…….I repeat ……the AMCs and AMC interest groups have taken control of all aspects of the appraisal process. Appraisers need to conform or leave.

That is odd indeed. I can remember in the mid to late 1970s when banks would rely on a 1 paragraph statement from appraisers to make home loans. I spoke with several appraisers around my community that were charging $100 (equal to $500 today) for those 1/3 of a page reports. I continue to believe the “profession” is, and has been, a dead man walking since 2009. If I was determined to continue the insanity of appraising (because of a foolish desire to be the last appraiser standing), I would do the following to diversify:
1. Appraise for attorneys only (too unreliable on it’s own)
2. Obtain a home inspection license (easy and pays better).
3. Obtain an independent insurance adjuster’s certification (even easier)

You now have a fully diversified company that would is neither dependent upon interest rates or AMCs.

In Sept 1961 I was hired by a small Shop. FHA was paying $20.00, and VA was increased to $25.00. We measured, provided a floor plan, a cost approach, (We updated it from regional & local builders) addressed rentals, financing, and a market approach was verified by two sources including the County Recorder.

The only rule book then was Schmutz an economist & publisher (the predecessor of the AIREA, the Appraisal of REAL Estate).

The tools we used were the Assessor, The Recorder and The Planning office. Multiple listings were small local offices with different services and methods, they all belonged they both CAR & NAR. several of the local Title companies would sell or give information. The local Newspaper and the county library kept accessible information.

Today our tools are all based on memberships, leased data, leased software, and hearsay from UN Interested locals and salespeople. Many of the studies are based on school projects form students and professors with differing motives.
The growing corporations have taken over the drudge of research, by assigning drudge to leases, intelligent design and memberships from workers who come from all backgrounds. Some went to your church. The future of and from APPRAISERS is good as has it been in the past and will be better in the future.

I conducted a marine waterfront appraisal a few years back. I charged under $1,000. The owner was hopping mad at me when I got to his residence. The AMC hit his credit card 3x’s what I agreed upon. I informed the owner that he had no contract with me and I didn’t know what he was a talking about since he didn’t give me any of his credit card information. I got on the horn with the AMC and fired them on the spot and no I didn’t complete the appraisal. I called the owner and informed him of the situation. That another appraiser was going to do this. I didn’t want my good name sullied.

Baggins, why should consumers benefit from market cycles regarding appraisal fees? I don’t agree with you on this. I’m not sure how lenders benefit from the profit raking tool unless your insinuating they’re swiping some of the appraisal fees to pay their bills, too. The topic is AMCs taking advantage of appraisers during slow times. Do you have evidence AMCs and lenders are using appraisal discounts to line their pockets and cheat on disclosures? Or is this mere allegation? Doesn’t seem like a Lender turning over billions in mortgage loans annually would risk government penalties for chump change left over appraisal fees. You can also assume that low fee payout equals poor quality appraisals but there’s no evidence to support that either. I would argue even the best appraisers have bills to pay and are willing to take what they can get to feed their family. It’s my understanding the decline in the appraisal population has more to do with baby boomers retiring. None of my appraiser peers complained about fees for leaving the business. As I stated above, your argument against AMCs and lenders is with Congress. Convince them public trust is in jeopardy if AMCs are applying the principles of supply and demand. I’m all about maintaining the integrity of fees as long as it doesn’t result in regulations that prevent me from increasing fees when the market cycles in the other direction when demand is high for appraisals.