Poll - How Likely Are You To Retire Before Implementation Of The Uad 3.6 Abomination?

[Tim Hicks (Texas)]

Meanwhile, this is what AMCs think of appraisers.



A lousy $150 fee, but they get $150 for handling the order.

They really think that lowly of appraiser's worth?

 

[Surf Cat]

They really think that lowly of appraiser's worth?

Apparently......

 

[Alsie35]

Just a reminder that this poll is still open.

Retirement is currently leading the UAD 3.6 Abomination Dataset by 57.4% to 42.6%.

Pretty much as I had predicted.

 

[Lycabull]

I went ahead and renewed this year because my state only requires CE verification every two years and this is an off year. I may or may not do some estate and/or legal work again, but do not see myself doing a secondary market appraisal again. When I renewed this year, I noticed a new question asking if I would supervise a trainee. I have taken the class they require to do that, but was tempted to reply with a "would you?"

 

[Non Sequitur]

Meanwhile, this is what AMCs think of appraisers.

View attachment 107824

A lousy $150 fee, but they get $150 for handling the order.

They really think that lowly of appraiser's worth?

Thanks for posting the truth. AMCs, GSEs, and national firms are denying fees that low are being offered. Not sure why, something must be brewing.....

 

[sputnam]

Meanwhile, this is what AMCs think of appraisers.

View attachment 107824

A lousy $150 fee, but they get $150 for handling the order.

They really think that lowly of appraiser's worth?

And why are you accepting a $150 fee? Although, I will say that $150 could be a reasonable fee... depending on the Scope of Work for the review. Some of the reviews I do take 15 minutes because that's what the assignment requires.

 

[chad hampton]

Get what you pay for in life.

 

[TC]

And why are you accepting a $150 fee? Although, I will say that $150 could be a reasonable fee... depending on the Scope of Work for the review. Some of the reviews I do take 15 minutes because that's what the assignment requires.

Who said he accepted it?

 

[George Hatch]

Just a reminder that this poll is still open.

Retirement is currently leading the UAD 3.6 Abomination Dataset by 57.4% to 42.6%.

Pretty much as I had predicted.

A (strictly hypothetical) 40% retirement rate would have a profound impact on the supply/demand dynamic for appraisers. And the fees that go with it. If an appraiser intends to stick it out then they should HOPE that 40% of their competition gives up instead of adapting to these changes. Same if the appraisers don't retire from appraising altogether but withdraw from the GSE pipelines to focus on non-GSE assignments.

 

[alebrewer]

Based on surveys we've conducted, as well as just being present at professional gatherings, I'm expecting about a 20-30% exodus. Even that level of attrition, though, will have significant impact on our landscape.