More AMC and PDC Bull

[Terrel L. Shields]

What are we going to do if we get $10-$15 per gallon gas?

The economy will collapse. There is a close association between the economy and energy prices. And has been for decades. Right now, the prices are being dictated by speculators. There is no crisis in terms of oil reserves or oil available to sell. It is just that a bottleneck that has been a problem for decades is currtailing oil from Iraq and Kuwait as will as other producers. Once they adjust there will be plenty of oil. We have a lot of the wrong kinds of oils here to quickly replace it and closing refineries in CA and NJ was going to impact us already. But it is hard to reverse that when you have state governments bent upon destroying the industry while expect gasoline just to appear magically.

just for gas.

Reminder. Maryland basically bans drilling and fracking. If they get cut off entirely, I'd laugh. Your state voted for it.

 

[Terrel L. Shields]

One of these lawsuits gains ground and the FED will step in. FTC has control over all the banking regulators.

You've been preaching that for 10 years ELI...

 

[Zoe]

You've been preaching that for 10 years ELI...

Don't rub salt in my wounds.

Your beginning to remind of my "partner", "girlfriend".

 

[sputnam]

The best thing is get rid of the stupid fee split system and eliminate bidding.

The idea of appraisers charging for bids makes sense but most appraisers would be too scared to try it. However, they could try it and put the AMC;s on the back foot for a change. Charge $10 -$25 per bid, payable by credit card. ( as the AMC makes the appraiser pay a portal charge of $10-$25 to submit an appraisal report. )

If an appraiser wins the bid and gets the order, they can deduct the bid charge from the fee.

I put it out there more as a hypothetical - it costs the appraiser time to research a property and respond to a fee bid request - and their own bid is used against them by the AMC to find a cheaper appraiser. Thus, the bids have value to the AMC, yet they are getting them for free.

You are spitting into the wind. The AMCs are a legal enterprise. Unless you own or are in control of an AMC you have no say in the way they do business. The power you do have... the power all appraisers have... is to decline assignments that don't offer or meet your fee requirements.

 

[J Grant]

You are spitting into the wind. The AMCs are a legal enterprise. Unless you own or are in control of an AMC you have no say in the way they do business. The power you do have... the power all appraisers have... is to decline assignments that don't offer or meet your fee requirements.

See post 247 for the lawsuits working their way through the courts - the outcome might influence how the AMC's can conduct their business.

I don't need condescending lectures about the power I have to decline assignments. After working for a few AMCs post-HVCC, I burned through a lot of savings refusing low AMC junk fee offers until I could get enough non-AMC work- while you accept QC review work for an AMC.

Exercising my "power" came at a steep cost - as it does for any res license appraiser. Some drop out of the business or refuse AMC work because they won't accept low fees. Why don't you hold AMCs and the lenders who use them accountable for participating in a system that causes so much economic loss to appraisers, whether it is the cost to appraisers in resisting the AMC work and low AMC fees or having to cave to the low fees to get work?

 

[Carnivore]

Congratulations to us, the powers they have managed to recreate the Soviet Union’s command‑economy model inside the residential appraisal industry.

I guess I should put a cast of characters

 

[George Hatch]

See post 247 for the lawsuits working their way through the courts - the outcome might influence how the AMC's can conduct their business.

I don't need condescending lectures about the power I have to decline assignments. After working for a few AMCs post-HVCC, I burned through a lot of savings refusing low AMC junk fee offers until I could get enough non-AMC work- while you accept QC review work for an AMC.

Exercising my "power" came at a steep cost - as it does for any res license appraiser. Some drop out of the business or refuse AMC work because they won't accept low fees. Why don't you hold AMCs and the lenders who use them accountable for participating in a system that causes so much economic loss to appraisers, whether it is the cost to appraisers in resisting the AMC work and low AMC fees or having to cave to the low fees to get work?

Hold them accountable how, exactly? I mean besides talking tough on a forum behind the anonymity of a handle?

You can speak truth to power all you want, but if nobody outside the echo chamber is listening does it really make a sound?

 

[Carnivore]

residential appraisers still have the power to divorce themselves from AMC's That takes time, effort and money

 

[J Grant]

Hold them accountable how, exactly? I mean besides talking tough on a forum behind the anonymity of a handle?

You can speak truth to power all you want, but if nobody outside the echo chamber is listening does it really make a sound?

I asked the question of someone who does QC reviews - people who choose to work for an AMC at a higher level or in a management position make a good salary themselves, I would assume, so they are in a position to advise or try to influence things at an AMC they work for, which pays low fees or fee bids auction style.


WRT positioning on this board - readers, including other appraisers who have not personally experienced the low AMC pay and fought to get away from it, as well as people still stuck on it, learn things when the facts are presented about HUD fee splits. The lawsuits going forward in the courts are found important enough to pursue.

AI scans social media and learns from it as well.

 

[TerryRohrer]

...I would assume...

...when the facts are presented...

Your posts are extremely long on "I would assume" (without disclosure) and devoid of facts. What you are presenting are biased opinions as facts, without any facts or sources to inform anyone.