More AMC and PDC Bull

[J Grant]

You made an allegation of personal corruption against an individual. You might consider offering an apology for that rather insulting accusation. And consider refraining from doing it again.

As for the fees, they vary by locale and by market demand. That fact alone is instructive as to how those fees get set IRL.

BS, my friend, you simply can not stop. I won't get pulled back into having to make the same detailed argument points I have made and that others have made numerous times.

The pending lawsuits accuse the AMC of excessive or usurious charges. That excessive charge comes at the expense of the appraiser's fee, since there is a limited amount of $ in the appraisal fee the AMC splits.

Even if you want to argue their fees vary by locale or market demand, the fees that AMC pays appraisers are nearly always far lower in the same locale or in the same market demand cycle than the fees reaching appraisers from lenders who do not use an AMC, as well as the VA , other. ( VA fees are is refenreced as one of the C and R standards)

 

[glenn walker]

Probably what Luigi was told

I think appraisers will keep fighting. But you guys can lay down anytime you want.

Your not fighting any batrle just ranting to less than 10 regulars who have been depressed and lost their mojo many years ago.

There's a list of many who are now gone who proceeded you in their delutional non-existent battle. You can go back 15 year's ago and read their posts and how it ended for them and their businesses.

 

[George Hatch]

BS, my friend, you simply can not stop. I won't get pulled back into having to make the same detailed argument points I have made and that others have made numerous times.

The pending lawsuits accuse the AMC of excessive or usurious charges. That excessive charge comes at the expense of the appraiser's fee, since there is a limited amount of $ in the appraisal fee the AMC splits.

Even if you want to argue their fees vary by locale or market demand, the fees that AMC pays appraisers are nearly always far lower in the same locale or in the same market demand cycle than the fees reaching appraisers from lenders who do not use an AMC, as well as the VA , other. ( VA fees are is refenreced as one of the C and R standards)

Oh, so you have no remorse for your accusation? That's disappointing.

The lawsuits may succeed at the consumer level, but I strongly doubt the outcome will include higher fees for the appraisers. The market conditions will remain untouched by any of these lawsuits.

If you won't do it at whatever fee the market will support then they'll just go find someone else who will. Because they can. Unless/Until they are effectively prohibited from doing so.

 

[J Grant]

The lawsuits may succeed at the consumer level, but I strongly doubt the outcome will include higher fees for the appraisers. The market conditions will remain untouched by any of these lawsuits.

I recognize the lawsuits are not made in the interest of appraisr; however, the outcome, if it succeeds in proving the AMC's charge excessive fees, might see the lenders enforce that an AMC not charge excessive split of the fee, which leaves more $ for the appraiser.

The lawsuit can act as a precedent for other lawuits as well. At least the issue will be out in the open instead of hidden. : Lenders do not like bad publicity... depends on whether their names get dragged into it or not.

 

[George Hatch]

"leaves more for the appraiser" is contrary to the observed conduct of market participants in all manner of goods and services.

Nobody gets emotionally torqued when the seller of a property acts in what they perceive to be their own best interests.
Nobody gets emotionally torqued when the buyer of a property acts in what they perceive to be their own best interests.

Everyone understands that in commerce both sides are going to advocate for their own interests to the maximum extent, and that the actual transactions will be the result of the meeting of the minds.

If you want to sell something on eBay you already know that the pricing is going to be more sensitive and volatile than at the shopping mall.

 

[chad hampton]

I don't think george has ever been paid by an AMC to lobby for them. Others have been paid very well to do their bidding and damage the profession.

It would make better sense if George was paid for his AMC views

 

[djd09]

he dont do AMC work...either does him him or him....why is that

 

[George Hatch]

I don't think george has ever been paid by an AMC to lobby for them. Others have been paid very well to do their bidding and damage the profession.

It would make better sense if George was paid for his AMC views

I'm reporting the weather. Which will continue to occur whether anyone is paying attention or not.

 

[chad hampton]

But no one here disagrees that the AMCs get what they want by lobbying, backroom deals, threats, and general dishonest behavior. It's just the vast majority of us call it out.

You seem to condone and defend it.

 

[Sadie]

Thing is... Appraisers could have 'banded together'. In the same ways that CPAs did. Appraisers could have cooperated amongst themselves. Appraisers could have acted, within the industry, to discipline and/or educate appraisers who were not doing things the right way. We didn't. One of the consequences of that is others have acted to do that for us. Often in ways that are detrimental to the appraisal industry.

When this has been tried, the specter of price fixing rears its ugly head. "Oh you can't discuss fees because that borders on price fixing/anti trust laws." I say that's nonsense. Discussing fees is different from setting fees. I am not at all an attorney, but it seems there are 2 standards for professional services. One for appraisers and one for everyone else.