Strategies for raising fees

[Bobby Bucks]

I intend to charge what the market will bear.

 

[Non Sequitur]

I intend to charge what the market will bear.

Well, that may work if appraisers were still wild and opportunistic with varied clients. But AMCs are the apex predator and are allowed to shoot appraisers in the rear end with paintball guns (metaphorically). The reality is REVAA and AMCs have all of the power and ammo, it's how they keep appraisers' fees down and keep us out of their crawl spaces.

 

[chad hampton]

Yeah, appraising today is pretty much like doing business with Walmart. If it were only as simple as having there be 1000 AMC and 1000 appraisers all negotiating with each other.

 

[Tom D]

Crying to my lenders has worked, told them i would have to barbeque the dogs.

From talking to my lenders i seemed to be the only one asking for more. One client told me i was already the highest paid appraiser on their list when i suggested more.

Yeah, appraising today is pretty much like doing business with Walmart. If it were only as simple as having there be 1000 AMC and 1000 appraisers all negotiating with each other.

So we all killed the little independent shop keepers by using the big AMC Walmart. Kinda ironic.

 

[J Grant]

Crying to my lenders has worked, told them i would have to barbeque the dogs.

From talking to my lenders i seemed to be the only one asking for more. One client told me i was already the highest paid appraiser on their list when i suggested more.

So we all killed the little independent shop keepers by using the big AMC Walmart. Kinda ironic.

If you have direct order lenders you actually talk to, who are not using an AMC, usually they pay C and R.

An AMC is a client ( not a lender ). Who is giving you the work?

 

[djd09]

Appraisal Institute’s Harassment, Tests, and Dance with AMCs​

The real twist lies in AI’s long, cozy dance with REVAA, where the rhythm of their partnership directly orchestrated Chance’s exit. Her bold critique of predatory AMCs — slashing appraiser fees, exerting undue influence over the appraisal process, and bloating their own profits at consumers’ expense, all veiled in secrecy — struck a nerve, leading REVAA to flex its influence. This pressure, channeled through Steinley and AI leadership, silenced her transparency push, explaining AI’s mute stance on the troubling practices of AMCs as they twirled with REVAA. The evidence points to REVAA’s heavy hand in her ouster, demanding a rigorous investigation, audit, and overhaul of REVAA-affiliated AMCs and AI to reclaim the profession’s integrity.

https://appraisersblogs.com/appraisal-institute-harassment-tests-n-dance-with-AMCs/

...scum bags

 

[George Hatch]

Business shares can be sold hand-to-hand or via local brokers, but they can also be bought/sold at the stock brokerages. The marketplace for which is so efficient that it results in price volatility that's so sensitive to supply/demand that the prices can change by the hour. If it wasn't for the internet the AMCs and even the direct lenders wouldn't have such easy access to the wider pool of alternative vendors.

While we're on the subject, the other factor besides licensing that killed the fee shops was the combination of the PC with hard drive and CD-ROM, laser printer, and the internet. THose advances enabled an individual to work alone instead of working with other appraisers in order to support office space, office equipment, administrative support workers, typists, etc.

I got laid off from my last employment in 1992, right after licensing came online. I have never owned a copy machine or a microfiche viewer/printer or had to pay someone to type appraisal reports on a typewriter. That's how I was able to operate outside of a fee shop or group employment. Technology enabled me to operate solo.

 

[djd09]

WHAT WE DO FOR REVAA MEMBERSGovernment Affairs - Advocacy That Makes A Real DifferenceFrom Washington, D.C. to each state capitol, REVAA has set a high standard with a robust program for actively monitoring public policy,building strategic relationships and advocating for AMC priority issues. Our collaborative and forward thinking approach has helped REVAAestablish a well-respected reputation among policy makers and key stakeholder groups. REVAA has engaged a federal lobbyist and anetwork of state lobbyists that work seamlessly together on behalf of members.

 

[Red Flint]

Never bid higher than Hatch.

 

[J Grant]

Business shares can be sold hand-to-hand or via local brokers, but they can also be bought/sold at the stock brokerages. The marketplace for which is so efficient that it results in price volatility that's so sensitive to supply/demand that the prices can change by the hour. If it wasn't for the internet the AMCs and even the direct lenders wouldn't have such easy access to the wider pool of alternative vendors.

While we're on the subject, the other factor besides licensing that killed the fee shops was the combination of the PC with hard drive and CD-ROM, laser printer, and the internet. THose advances enabled an individual to work alone instead of working with other appraisers in order to support office space, office equipment, administrative support workers, typists, etc.

I got laid off from my last employment in 1992, right after licensing came online. I have never owned a copy machine or a microfiche viewer/printer or had to pay someone to type appraisal reports on a typewriter. That's how I was able to operate outside of a fee shop or group employment. Technology enabled me to operate solo.

This BS of blaming tech has been disproven numerous times.

The day before, the HVCC fees were $500 to an appraiser through a lender; the day after, when that lender used an AMC, the fee to that same appraiser for the same kind of order was $250. Explain how that was due to Technnoboy.