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What might you do in my situation?

I realize that it is not a standard situation. To provide more clarity.....I select the comps some of the time. Just not always. Fernando kind of nailed it earlier about how the relationship is in the sense that when I was in trainee status that's kind of how it worked (and still does mostly). He reviews all of the reports before they get sent to the lender after I've completed them. I receive a cut of the actual full fee for my efforts (not the full fee obviously since like some others have mentioned I'm not doing the market analysis, comp selection most of the time, and the contact work with the lenders). I have from time to time been asked to perform reviews of others work within the company and I have done some private work.....so i'm not a complete deer in headlights.


And to address "What is the actual question I'm asking?"......


In 2027 I think i'll be retiring from my primary career (and collecting a pension so I think I'll be financially secure). What I'm curious to know is am I better off maintaining this arrangement and seeing how much I can make full time in a year to supplement my income...


Or should I go out on my own but before doing so knowing there are definitely some things i'd need to pick up that I haven't been doing on the regular in order to be a fully functioning independent appraiser.


Hopefully that clears things up some more.....if it stirs up more questions that's understandable also
 
eskayenterprises47 said:
I realize that it is not a standard situation. To provide more clarity.....I select the comps some of the time. Just not always. Fernando kind of nailed it earlier about how the relationship is in the sense that when I was in trainee status that's kind of how it worked (and still does mostly). He reviews all of the reports before they get sent to the lender after I've completed them. I receive a cut of the actual full fee for my efforts (not the full fee obviously since like some others have mentioned I'm not doing the market analysis, comp selection most of the time, and the contact work with the lenders). I have from time to time been asked to perform reviews of others work within the company and I have done some private work.....so i'm not a complete deer in headlights.


And to address "What is the actual question I'm asking?"......


In 2027 I think i'll be retiring from my primary career (and collecting a pension so I think I'll be financially secure). What I'm curious to know is am I better off maintaining this arrangement and seeing how much I can make full time in a year to supplement my income...


Or should I go out on my own but before doing so knowing there are definitely some things i'd need to pick up that I haven't been doing on the regular in order to be a fully functioning independent appraiser.


Hopefully that clears things up some more.....if it stirs up more questions that's understandable also
Click to expand...
You misled 10 years, signing reports where the value came from other people who picked your comps. (some of the time ) And you did not even do per the above market analysis. How about doing the right thing and getting out of appraising?
This is not a standard situation. The firm you worked for lied because they knew handing you comps etc was wrong. They were not training you. They were using you and you were using them. What else happened,....did they send you on inspections, and the supervisor signed, did they inspect but did not? Maybe you should not answer that one lol.

The reason many appraisers do not train is it is time consuming because the trainee picks the comps and often that is what needs the most attention, as comp selection is the heart of the appraisal
 
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If the OP has had only 1 mentor....
And worked a full-time job....
He may not have known....
The mentor should get 100% of the blame....
 
ucbruin said:
If the OP has had only 1 mentor....
And worked a full-time job....
He may not have known....
The mentor should get 100% of the blame....
Click to expand...
See cert 16 in the certifications and limiting conditions page of the URAR form..
 
J Grant said:
You misled 10 years, signing reports where the value came from other people who picked your comps. (some of the time ) And you did not even do per the above market analysis. How about doing the right thing and getting out of appraising?
This is not a standard situation. The firm you worked for lied because they knew handing you comps etc was wrong. They were not training you. They were using you and you were using them. What else happened,....did they send you on inspections, and the supervisor signed, did they inspect but did not? Maybe you should not answer that one lol.

The reason many appraisers do not train is it is time consuming because the trainee picks the comps and often that is what needs the most attention, as comp selection is the heart of the appraisal
Click to expand...
J Grant said:
You misled 10 years, signing reports where the value came from other people who picked your comps. (some of the time ) And you did not even do per the above market analysis. How about doing the right thing and getting out of appraising?
This is not a standard situation. The firm you worked for lied because they knew handing you comps etc was wrong. They were not training you. They were using you and you were using them. What else happened,....did they send you on inspections, and the supervisor signed, did they inspect but did not? Maybe you should not answer that one lol.

The reason many appraisers do not train is it is time consuming because the trainee picks the comps and often that is what needs the most attention, as comp selection is the heart of the appraisal
Click to expand...
I don’t sign the reports. Only the ones I perform privately. Once I send back the report following my inspection it gets reviewed, signed and sent back to the lender. I’m not exactly sure what box is checked. I’d have to/like to think that it’s stated that significant assistance has been provided in the report.

Sorry if I’ve angered some folks. Not the intention. Just looking for guidance/true advice on future endeavors and/or changes I should make (simply sign the reports myself and send back…for example)
 
ucbruin said:
If the OP has had only 1 mentor....
And worked a full-time job....
He may not have known....
The mentor should get 100% of the blame....
Click to expand...
Essentially I’ve been getting paid for providing significant appraisal assistance. I think that sums it up now that I think about it
 
"Be the change you want to see in the world." (Ghandi)

Or how 'bout this:

“All our dreams can come true, if we have the courage to pursue them.” (Walt Disney)
 
eskayenterprises47 said:
Sorry if I’ve angered some folks. Not the intention. Just looking for guidance/true advice on future endeavors and/or changes I should make (simply sign the reports myself and send back…for example)
Click to expand...
I really don't know where to start. Just thinking about the whole scenario is making my hair hurt
 
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