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AMC Retained Fee: $0

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Durano Joe

Junior Member
Joined
Sep 4, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
I took an assignment and asked what the retained fee was so I could report it.
I am paid $65 more than the AMC is getting.

Should I report this as AMC retained fee: $0
or should I say AMC retained fee: $-65. ??

I thought you enjoy this post.
 

Roy Courtney

Senior Member
Joined
Dec 8, 2006
Professional Status
Certified General Appraiser
State
Texas
I took an assignment and asked what the retained fee was so I could report it.
I am paid $65 more than the AMC is getting.

Should I report this as AMC retained fee: $0
or should I say AMC retained fee: $-65. ??

I thought you enjoy this post.

Have they paid you yet? They may retain more than you think!:rof: Once upon a time there was an AMC called Appraisaloft.........:nono:
 

Scott R Marshall

Senior Member
Joined
Dec 14, 2006
Professional Status
Certified Residential Appraiser
State
New Mexico
I took an assignment and asked what the retained fee was so I could report it.
I am paid $65 more than the AMC is getting.

Should I report this as AMC retained fee: $0
or should I say AMC retained fee: $-65. ??

I thought you enjoy this post.

Joe,

My understanding is the way it should be reported is something along the lines of (and I'm making up the numbers here):

Fee charged by the AMC to the client is $400

Fee paid to the appraiser by the AMC is $465
 
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