fees

The Decline of the Appraisal Industry: An Unsustainable Future Once a cornerstone of real estate transactions, the appraisal industry is now facing an existential crisis. A closer look reveals a troubling disparity between the compensation appraisers receive and the escalating demands placed...

Hello fellow Appraiser Travelers , Quick question : I received an order engagement for appraisal of a subject property, standard ranch home on 1/2 acre lot. We appraised the subject as ordered on the engagement. The client is coming back now asking for 2 additional lots to be added to...

Once again we're faced with a downturn. This time it's different. COVID-19 changed everything and allowed lenders to create dangerous new products and new waiver thresholds aimed specifically at eliminating the appraiser- which has been their goal for decades. I have run a successful business in...

Appraisers are under tons of rules, regulations, requirements and the list goes on. There are many ways AMCs, Lenders and government agencies and even individual borrowers can protect themselves from a "bad" appraiser. Who or what government agency protects the appraiser themselves from bad...

Hello all fellow appraisers, First thank you for reading my post. I am reaching out because I just recently received my certified residential appraiser license and now I do not have a clue where to start. I have been an appraiser with the city of richmond's assessors office for the past 5...

Hello, I am a trainee at a fairly large firm currently getting a 45% fee split. I’m about to sit for my certified residential exam and once passed, will bump to a 50% split. I have independent appraiser friends telling me I should go out on my own, but I’m not keen on doing that as I still...

Working on an AS-IS/ARV appraisal report and my best comp that is a few houses down recently sold through a wholesaler. MLS states that the property sold for $115,000. County Tax Records state that the property sold for $99,000. Under the seller concession area on MLS the realtor states...

Completed a VA appraisal on 10/30/2018. I started following up the POC on the 1805 on the 31st day with no response. I started to expand my reach into this lender including processors & loan originators. I have left messages and sent emails to no less than 8 different people and received one...

Yesterday, I received an email from SingleSource indicating that there is an open order. I parted ways with SingleSource well over a year ago but will do an appraisal for them every once in a while, e.g., I've only prepared two appraisals for them this year. Anyway, I logged in to their system...

Fellow appraisers, I've been working on a proposal for recommended national MINIMUM appraisal fees where GSEs are involved. The first draft can be read at the following link, OR at appraisersguild.org please visit http://mfford.com/html/c___r_fees.htm Apologies for using my personal site but...