Strategies for raising fees

[Bill75]

A future sample letter to clients

Over the past several years there has been a rise of costs of doing business, as well as an increasing amount of time needed to complete an appraisal due to the expanded UAD.36 data fields as well as an increase in ROV considerations. These factors have led to a change in fees for a non complex single family or condominium appraisal to $ X amount beginning on X date/year.

I appreciate your business and look forward to continuing to working with your company. Please feel free reach out if there is anything you would like to discuss about the new fee schedule.

Thank you,
name

I wish I got non complex orders, but my fees vary with each order so I don't have a set fee. It's on a case by case basis these days.

 

[chad hampton]

the la state board tried to enforce C&R...and the ftc sued them for price fixing

I wonder who it was that really sued them?

It pays to be a swamp insider. In my opinion, anybody who participates in the system condones the system, and I do not.

 

[Bill75]

The only strategy that might work is for the sacrificial lambs to accept a low fee then hold off as long as possible and say the assignment is too complex and time consuming to finish at the fee offered then state a higher fee or you will withdraw. This forces the AMC to scramble to meet their own deadlines. Only if they have trouble on turn times will they offer higher fees.

That's a bold move Cotton, lets see if that one pays off.

 

[djd09]

I wonder who it was that really sued them?

It pays to be a swamp insider. In my opinion, anybody who participates in the system condones the system, and I do not.

it was probably TAF...or their next door neighbor revaa...servicelinks, right DW?

 

[ZZGAMAZZ]

the la state board tried to enforce C&R...and the ftc sued them for price fixing

Thanks for clarifying. I wonder whether the AMC would be allowed to revise/increase its share of the fee even if C&R had been approved, although I would think that an AMC is considered to be the "client" more so than the "appraiser." [BTW I matriculated during more than a decade in NOLA as a younger adult, and hope all is well these days, not that it ever was. DTNOLA was surely the definition of "mean street." Pretty much everybody I knew, as a culinary student at Delgado, experienced some form of violence. A meeting of the hospital industry administrators at that time revealed that none of the hotels were able to find an applicant able to pass the baseline literacy test. Can't even count the number of times it was necessary to actually fight to get home safe from work. Damn...]

 

[chad hampton]

it was probably TAF...or their next door neighbor revaa...servicelinks, right DW?

Word at the time was REVAA did play a big part in it. We have a firmer revaa spokesman on the board, I’m sure he knows all about it

Anytime appraisers are getting ****ed over, their fingerprints are all over it. Some “partner”.

 

[Terrel L. Shields]

C & R was a hoax from the beginning. There is no C & R. That's like saying everyone will pay the same price for auto repair regardless of what is broken.

 

[J Grant]

C and R does not mean the same price.

 

[djd09]

i) Customary and reasonable fee​

(1) In general​

Lenders and their agents shall compensate fee appraisers at a rate that is customary and reasonable for appraisal services performed in the market area of the property being appraised. Evidence for such fees may be established by objective third-party information, such as government agency fee schedules, academic studies, and independent private sector surveys. Fee studies shall exclude assignments ordered by known appraisal management companies.

(3) Exception for complex assignments​

In the case of an appraisal involving a complex assignment, the customary and reasonable fee may reflect the increased time, difficulty, and scope of the work required for such an appraisal and include an amount over and above the customary and reasonable fee for non-complex assignments

(k) Penalties​

(1) First violation​

In addition to the enforcement provisions referred to in section 1640 of this title, each person who violates this section shall forfeit and pay a civil penalty of not more than $10,000 for each day any such violation continues.

(2) Subsequent violations​

In the case of any person on whom a civil penalty has been imposed under paragraph (1), paragraph (1) shall be applied by substituting "$20,000" for "$10,000" with respect to all subsequent violations.

https://uscode.house.gov/view.xhtml?req=(title:15%20section:1639e%20edition:prelim)

whatever they pay their staff appraisers under C&R is illegal....

 

[glenn walker]

If being a socialist means fighting back for some pay parity to workers and middle class, what is so horrible about that? The term is flung about reckelessly as real socialism is very specific and quite different than that.

There is no real Socialist Nation Communist, Capitalistic Systems today that exist and most confuse the founders political Ideologys with the economic platforms.

The three Super Powers being the United States, China and Russia today are owned by Oligarchys that have amassed rightly or wrongfully 95% of the Net Capital both money and control of production. More importantly they control the hands or politicians that launch those Nuclear Missiles.

In the past they were the Royalty, Kings or Caesars. In order to keep the shovel and pitchfork working classes from rebellion the oligarchs control the Politician's who the working class are duped to believe they voted in to represent them.

As long as the elected can fool the citizens that their being represented the Oligarchys just amass and then continue to control 95% of all the money and control.

Eventually the Oligarchys wealth is the entite Nation's and they simply purchase their own or the existing Army or create Private Militarys and finally declare themselves as Kings.