Customary and reasonable fees - 90 days

[Non Sequitur]

So we have a choice.

Well we did before. Now since there's a federal law which may set our fees in stone we may have lost that choice.

Continue on with the way things are currently, with our own peers, undercutting each other to the point of BPO fees, no hope for recovery, and AMCs running this profession into the ground. Or accept some help from someone who we asked for help from.

Who asked and who offered? All I read about was "reasonable and customary" and how we were going to stick it to AMCs. Well here we are, the people who pushed this are silent and the issue still isn't resolved. And that's not to mention the other 20 pages of federal law dealing with appraisers that remains to be worked out.

 

[Caligirl]

Consumers are paying $450 to $600 for *appraisal fees*. That appears to be the customary and reasonable fee.

 

[Non Sequitur]

Consumers are paying $450 to $600 for *appraisal fees*. That appears to be the customary and reasonable fee.

That may be but why is there even a question? Where are the forumites who pushed so hard for this? Why, if this bill is the savior of residential apppraisers, don't they stand up and tell everyone what it means? There was thread after thread pushing for this, and now when it comes down to the real dirty work there's silence. As it stands now industry fees are likely to be set by the USERS of our services (not us) with the backing of federal law. The more things change the more they stay the same.

 

[jnordquist]

That may be but why is there even a question? Where are the forumites who pushed so hard for this? Why, if this bill is the savior of residential apppraisers, don't they stand up and tell everyone what it means? There was thread after thread pushing for this, and now when it comes down to the real dirty work there's silence. As it stands now industry fees are likely to be set by the USERS of our services (not us) with the backing of federal law. The more things change the more they stay the same.

You've been given the tools to stand up yourself. Why depend on other forumites to deal your future to you.

The people that worked on this worked hard, now use it, or sit there and wait for someone to tell you what to do.

Jon N

 

[AnonApprsr]

I think that the argument that what AMCs pay now is customary and reasonable is just lies. It's customary but not reasonable.

 

[Non Sequitur]

You've been given the tools to stand up yourself. Why depend on other forumites to deal your future to you.

Given? Depend on? I had them before and didn't depend on or need anyone, I just didn't work for crap fees and busted my but to land good clients. Real simple. Now there's a federal law that will set fees, problem is the people who pushed this through have no idea what "reasonable and customery" is and aren't following through.

The people that worked on this worked hard, now use it, or sit there and wait for someone to tell you what to do.

Worked hard for what? Two lines out of 20 pages. I'll let you in on a little secret-they got played. The rest of 20 pages of the law is what the real people behind the scenes wanted.

I think that the argument that what AMCs pay now is customary and reasonable is just lies. It's customary but not reasonable.

You may be right, so where are the people who pushed for a federal law concerning fees? Why aren't they standing up and saying this or starting thread after thread or writing articles or e-mail campaigns?

 

[jnordquist]

Given? Depend on? I had them before and didn't depend on or need anyone, I just didn't work for crap fees and busted my but to land good clients. Real simple. Now there's a federal law that will set fees, problem is the people who pushed this through have no idea what "reasonable and customery" is and aren't following through.

The language in the bill was designed by appraisers, and people that had the appraisers interest in mind. I'm pretty sure they have an idea what Customary and Reasonable is, and if they don't they can review the fee surveys that are being compiled. Like I said, it's a tool for the independant appraiser to use, don't expect the AMC's or lenders to just roll over and start paying C&R fees.

Worked hard for what? Two lines out of 20 pages. I'll let you in on a little secret-they got played. The rest of 20 pages of the law is what the real people behind the scenes wanted.

Would you rather the 2 lines not be there? or say something that completely kills all of us?


You may be right, so where are the people who pushed for a federal law concerning fees? Why aren't they standing up and saying this or starting thread after thread or writing articles or e-mail campaigns?

I've already read a few of them, you must not be looking hard enough


my Red
Jon N

 

[Renee Borne]

Does anyone know where the part in the bill mentions what is an AMC? I thought it was any company having more than 11 appraisers. What about the big fee shops do they fall into this catagory? What is to stop the AMCs to "hire" people with a 1099 so they do not have to pay any benefits, etc and get around what consititutes an AMC.

 

[Non Sequitur]

I've already read a few of them, you must not be looking hard enough

Like the thread from Doctor Manhattan? And the only threads out there are "we're trying to figure it out" threads. Maybe it's just me but the time to figure it out would have been before helping pass a federal law.

The language in the bill was designed by appraisers, and people that had the appraisers interest in mind.

What interests? Just how does the other language giving the ASC more power and commanding the GAO to conduct a study of the effectiveness of appraisal methods and appraisal distribution channels fit into the interests of appraisers? And just who are these "appraisers" that have all but formed a de facto national appraisal board?

Big changes are on the way and we lost the fee battle the second the bill was signed.

 

[Non Sequitur]

Does anyone know where the part in the bill mentions what is an AMC? I thought it was any company having more than 11 appraisers. What about the big fee shops do they fall into this catagory? What is to stop the AMCs to "hire" people with a 1099 so they do not have to pay any benefits, etc and get around what consititutes an AMC.

Don't ask questions, people who like us worked real hard on this. They'll figure it out later.