Anyone Going To Valuation Expo ** Las Vegas In August ?

[djd09]

AI Overview

No, Appraisal Management Companies (AMCs) do not employ appraisers. Instead, they act as intermediaries, connecting lenders with independent contractor appraisers for property valuation services. AMCs maintain a network of licensed or certified appraisers and assign appraisal orders to them, ensuring a separation between the lender and the appraiser.
can i perform breast exams since they are not exempt...i cant stop laughing

 

[glenn walker]

Did you want them to say it twice? They defined what an AMC is and they defined who an AMC may engage with to perform appraisals.

The prohibited acts state behaviors and acts that the AMC is not permitted to do with regards to the independent appraisers on their panel. They aren't going to say...."by the way, AMCs can't also be appraisal companies". Come on, you know better. If they did that, then they are no longer an AMC by the definition.

Can I perform breast exams on the street with my license? It's not a prohibited act. Maybe I'll do it, you can be my lawyer when Im caught. Being a lawyer isn't a prohibited act in your state's appraisal laws either.

Just admit your wrong on this one. You know as well as I do it was unthinkable that AMCs would be working as 2 of the 3 parties in the deal. It's not a hard concept.

Maybe your missing the fact that Dodd Frank is Federal Law but you don't have to be a licensed appraiser to get a State issued AMC license.

Bluto Walker LLC can fill out State Board's registration pay the $ fee and next Monday we're now a licensed AMC ready to roll.

 

[George Hatch]

can i perform breast exams since they are not exempt...i cant stop laughing

There are laws that pertain to to that function and which prohibit someone from engaging in such without meeting the requirements and qualifications for such. It's true that the state appraisal board has no jurisdiction over breast exams but that doesn't mean anyone can do them without meeting the requirements which pertain to that service.

 

[djd09]

but using subjective language, which is not a law, is prohibited....what a bunch of flip flop fishes

 

[George Hatch]

but using subjective language, which is not a law, is prohibited....what a bunch of flip flop fishes

Prohibited by law is different from not prohibited by law.

 

[glenn walker]

AI Overview

No, Appraisal Management Companies (AMCs) do not employ appraisers. Instead, they act as intermediaries, connecting lenders with independent contractor appraisers for property valuation services. AMCs maintain a network of licensed or certified appraisers and assign appraisal orders to them, ensuring a separation between the lender and the appraiser.
can i perform breast exams since they are not exempt...i cant stop laughing

You better let the Big AMCs know because it's been 13 years and nobody's sent them a memo or come knocking at their door. : ) lmaoo

 

[George Hatch]

Maybe ask the AI-Vomitron a different question:

Are AMCs prohibited from acting as appraisal companies?​

Are AMCs prohibited from competing in the market with fee appraisers or fee shops?​

Are AMCs prohibited from employing appraisers as hourly or salaried workers?​

Are lenders prohibited from using appraisals that were performed by AMC employees?​

Let's see how well informed the Clanker is.

 

[djd09]

i cant take them seriously when they cannot even understand the first amendment of the constitution...

 

[djd09]

independent means not controlled by others...also not belonging to a larger controlling unit

 

[George Hatch]

"Appraiser independence" does not refer to appraisers working as contractors/subcontractors.