More AMC and PDC Bull$hit

[Trihard]

I received a call from an AMC representative regarding participation in a PDC + appraisal product. During the talk, I asked how appraisers are compensated if they review the PDC data and identify errors or determine the data is not credible enough to proceed. I was told that there is no compensation for reviewing the PDC data unless the assignment is upgraded to a full appraisal and requires a site visit. So we will be used as free labor to review their PDC inspectors work. What a joke of a profession this has become.

 

[glenn walker]

Don't do them because once you review the inspectors work and credibility and then give opinions you just became the inspector and now you own it.

Finally why would anyone pay you to review inspections when you had never stepped foot on the property?

 

[J Grant]

I received a call from an AMC representative regarding participation in a PDC + appraisal product. During the talk, I asked how appraisers are compensated if they review the PDC data and identify errors or determine the data is not credible enough to proceed. I was told that there is no compensation for reviewing the PDC data unless the assignment is upgraded to a full appraisal and requires a site visit. So we will be used as free labor to review their PDC inspectors work. What a joke of a profession this has become.

What is the product they called you about?

Doing PDC reports?
Reviewing a PDC report before it goes to an appraiser?

 

[Trihard]

What is the product they called you about?

Doing PDC reports?
Reviewing a PDC report before it goes to an appraiser?

The appraisal portion.

 

[Surf Cat]

The appraisal portion.

And.....how much were they offering for completing 3/4 of the appraisal, with your expertise, licensure, E&O insurance, and appraisal software per assignment?

 

[Tom D]

PDC - Pretty Dam Cheap pay.

 

[George Hatch]

First off, checking up on the accuracy of a PDR is arguably just common sense. Of course you should check up on them. Why wouldn't you?

You already look properties up in your public records databases and reconcile for any obvious contradictions in your MLS listings. You don't charge extra for checking up on the info in your subject's MLS listing.

 

[djd09]

yeah they are using you as a checker...dont help them

 

[Mark K]

So we will be used as free labor to review their PDC inspectors work.

Only if you accept the assignments.

What a joke SOME APPRAISERS HAVE BECOME.

Nothing wrong with the profession.

 

[Trihard]

Only if you accept the assignments.

These type of products are being pushed very hard by the GSE's, the government and the spineless people at the appraisal institute.