• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Union Time?

Time for union??


  • Total voters
    24
Status
Not open for further replies.
I am the head GA rep for the AGA. I absolutely love being a part of them and what they not only stand for but what they do for independent Appraisers. They helped me out with a state board investigation and ultimately it was dismissed.
That would be a positive benefit, for sure.
But just to be clear: It was the AGA that assisted you and not your E&O carrier or their legal representation?
 
I fully encourage appraisers to join unions and to organize and establish minimum fee schedules. After all, I want them to be happy.

I just don't want them to be shocked and surprised when the lone gunmen max out their market share by undercutting the union fees by $5.

Funny.

And the fees "offered" are not at all being set by anyone. It's just coincidence...............

:LOL:

AMC "organizations" are not unions. They come together to benefit for lobbying, which is what appraisers need, but lack the money. However, established unions have strength in numbers, attorneys and resources, so affliating with an established union already puts appraisers light years ahead of waiting on a dozen people to collect enough dues money to hire one lobbyist, and then fight over what they want the lobbyist to fight for.

.
 
Sometimes a cigar is just a cigar.

The fees being offered amount to what these groups think they can get the work done for. Apart from their experience with appraisers what other reason would they have for thinking appraisers will do this work at those fees? There are obviously appraisers who are accepting these assignments at those fees. How could THAT happen if these appraisers thought they could get a higher fee via a simply counteroffer?

Speaking generically
When an AMC tells you that if you won't take the assignment at that fee the AMC will just find another appraiser who will do it at that fee, do you have any reason to believe they are lying to you?
 
Yeah, clients/lenders only want a number until/unless they need an appraisal.
This is it in a nutshell: "until/unless they need an appraisal."
Right now, the largest buyer of residential appraisals are regulated institutions. If you eliminated the appraisal requirements of these entities, they'd still order appraisals (1004s). But nowhere near the scale/volume they do now because they have alternative products which they think adequately match the loan and tell them what they need to know about the collateral value.
They'd still prefer to use appraisers; but their valuation needs would shift from primarily 1004s to desktop, hybrids, and evaluations. They'd much prefer appraisers than a non-appraiser... if the price is not too much higher than the next acceptable alternative.
All of this is mortgage related. I don't see much change (in the mid- to long-term) of the demand of appraisal services for non-mortgage/home-purchase purposes.
 
Speaking generically
When an AMC tells you that if you won't take the assignment at that fee the AMC will just find another appraiser who will do it at that fee, do you have any reason to believe they are lying to you?

:rof::rof:

Nope,
That's why they cry "shortage" and "fee gouging".

:LOL:
 
Sometimes a cigar is just a cigar.

Speaking generically
When an AMC tells you that if you won't take the assignment at that fee the AMC will just find another appraiser who will do it at that fee, do you have any reason to believe they are lying to you?

Yes, there is an abundance of evidence that the AMC will lie to an appraiser. With my very limited AMC experience, I have observed AMC lies as to lender conditions, lender fees allowed, tat allowed and generally a very poor level of appraisal comprehension that the AMC tries to foist off on the lender. There is more to the story whether or not an AMC can and will place an order with another appraiser. Fee issues are just one element of the matter.
 
There is more to the story whether or not an AMC can and will place an order with another appraiser. Fee issues are just one element of the matter.


Awe come on,

you're gonna mess up those Adam Smith, invisible hand, free market guys.
How could there possibly be a power structure that not only controls pricing, but supply?
No, no, it’s a free market – just ask them.

1,000s of clients out there.
They just all settled on "the price" as coincidence.

.


.
 
Awe come on,

you're gonna mess up those Adam Smith, invisible hand, free market guys.
How could there possibly be a power structure that not only controls pricing, but supply?
No, no, it’s a free market – just ask them.

1,000s of clients out there.
They just all settled on "the price" as coincidence.

.


.

Plenty of "free markets" are populated by liars and scalawags...usually they are weeded out, which may or maybe not be happening quickly enough for appraisers dealing the AMC's. :)
 
Speaking generically
When an AMC tells you that if you won't take the assignment at that fee the AMC will just find another appraiser who will do it at that fee, do you have any reason to believe they are lying to you?


I would not assume they are lying, though they are not sure...it is a semi bluff, since they have a paid staff and computer programs devoted to shopping/assigning by low fees. But this is the wrong question to ask. The question is WHY is the AMC trying to get it assigned at a lower fee, since the borrower paid a higher fee? This rarely was in plat pre HVCC and it does not happen now with direct lenders .

The AMC's have a vested interest in shopping for low fees because their profit is based on a spread between what Bank will pay them ( assuming that $ amount bank paid is what borrower paid, ) and how low they can find an appraiser to do the work for.. This firewall doubling as a profit center to a third party skimming off the borrower paid is responsible for a system that pressures fees lower. Sure, if no appraiser accepted, but they play a daily war of attrition /mexican standoff withholding work at all but the lower fees. Even with supply and demand in play, a direct lender does not care if one appraiser charges less than another, as long as it is covered by the $ amount for appraisal they collected from borrower.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top