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Appraisal Designations = Several Good Options

Thanks for sharing this experience; it is another good example of the value of a designation.
I believe it is the first "good" example, but who is counting? It also causes one to wonder if it is the designation or the marketing and work product that makes the difference.
 
I believe it is the first "good" example, but who is counting? It also causes one to wonder if it is the designation or the marketing and work product that makes the difference.
The appraisers who value a designation are counting - their higher # of clients and income.







 
Of course, the societies tout their own credentials, but no one is keeping score. As for a $625 fee...well, sure. For residential property I am averaging close to $1,000 - and isn't because of membership in anything. It is because of my skill set and the fact I am called upon to do the tough ones. Lots of appraisers touting a designation also do $400 appraisals in cookie cutter subdivisions. A coon dog doesn't hunt better because they are AKC registered.

And we've heard from the banker in this forum who said that they don't charge their customers extra just to get a few letters behind the name. You get the extra money for the exceptional job needed.
 
I believe it is the first "good" example, but who is counting? It also causes one to wonder if it is the designation or the marketing and work product that makes the difference.
It's the work product. Usually after I turn in a complicated VA appraisal with acreage or a lake lot, horse farm, unusual home design, etc., I'll get a direct request from the Lender to be added to their panel. I just charge the same as the VA fee would be unless it's something that is really going to take up an excessive amount of time. I used to do conversions from VA to FHA with a reduced fee and new inspection date but now I don't know if it's worth the risk. It's a combination of the classes I took for my designations and my CG (NAIFA's Farm, Ranch & Rural was a full week class), and knowledge of Assessment practices (dealing with classification of types real estate like manufactured housing requirements) from working in that field), similar to the insider knowledge like Terrell has in his field. I'm in an area with an oversupply of appraisers, so I feel my designations set me apart and lend credibility when a lender wants to add me to their rotation.
 
And good for you. Everyone appreciates a success story with a happy(er) ending.
 
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