Be the Driver, rather than just a passenger of your appraisal practice

[J Grant]

I used the consumer as an example. The basic question is: Who cares and why and what will it accomplish.

If appraisers are being harmed, we are the only ones who need to care wrt if there is any legal redress.

As far as the bigger picture, how shopping by low fees might harm consumers. I believe it does but that is a battle for them to fight.
Also the consumer can not care about something they have no knowledge of

Though only a minority of them would care about fee splits, I believe the majority of them would be outraged to learn their all important home appraisal is shopped bargain style to find a cheaper provider to enrich a third party. But they are not outraged, because they have no idea it is being done.

 

[Dublin ohio]

I believe the majority of them would be outraged to learn their all important home appraisal is shopped bargain style to find a cheaper provider to enrich a third party. But they are not outraged, because they have no idea it is being done.

I would venture to guess. That they themselves "shop around" for a number of important purchases. Unless you could make the case to the consumer. That cheaper is worse (which would mean proving that price=quality).They would care less. Just face the facts. Separation of fees would not change anything. It sure wouldn't impact the fee the appraiser gets.

 

[J Grant]

I would venture to guess. That they themselves "shop around" for a number of important purchases. Unless you could make the case to the consumer. That cheaper is worse (which would mean proving that price=quality).They would care less. Just face the facts. Separation of fees would not change anything. It sure wouldn't impact the fee the appraiser gets.

Then you did not understand anything I posted.
Have a good evening anyway.

 

[Dublin ohio]

Then you did not understand anything I posted.
Have a good evening anyway.

I fully understood everything you posted. But you still did not answer the second part of my question. What would it accomplish.

 

[J Grant]

I fully understood everything you posted. But you still did not answer the second part of my question. What would it accomplish.

What I would hope it would accomplish is that thee borrower paid ( C and R ) $ fee for the appraisal goes in full to the appraiser.
The lender compensates AMC for the AMC service it provides to the lender - at whatever rate they want. Whether or not the lender passes on that AMC service charge to the borrower as a line item or rolled into other fess is not our concern.

 

[glenn walker]

I fully understood everything you posted. But you still did not answer the second part of my question. What would it accomplish.

THAT'S WHAT'S CRAZY..nothing would change ..borrower pays exactly the same fee $$ What other business person would become obsessed with something that did not benefit them..the borrower not one single person. Frankly I have never seen this kind of inanity except by old angry bitter appraisers whose world got turned upside down in 2012. Each time business slows the Pam Crowley types come out and even though she had good intentions as were others they just never comprehended the fix was in. This is the problem with Zealots. They lose focus and their emotions take them over and they BLOW them SELF up and retire or die from the stress.

 

[glenn walker]

Who do you sell this to the five money center banks who own the POLITICIANS who wine and dine with Federal Reserve Members..Treasury members. All the FEE and HUD and numerous other agencies. Where people are placed in those position by congress or President. Now tell me who your audience is?? We can all get delusional but when do the facts of the game come together. I KNOW you will not respond to this because you want to be right no matter how broken it is.

 

[Tiffany Gibbons]

I would venture to guess. That they themselves "shop around" for a number of important purchases. Unless you could make the case to the consumer. That cheaper is worse (which would mean proving that price=quality).They would care less. Just face the facts. Separation of fees would not change anything. It sure wouldn't impact the fee the appraiser gets.

I disagree. This is not the lowest price for a Kindle or a TV. The is the biggest one time purchase investment wise of most typical consumer's lives. That being said no appraiser ever had to work for an AMC. I ignore them all the time, have never done AMC work and any good experienced appraiser can do the same thing. It truly takes the power out of corrupt hands like those that wish to eliminate residential appraisers, that once ruled over an AMC, that once in fact struggled as you do to run a business. You may not think you have a niche, a specialty. You do. Think about the research you do well, the things you love about the profession and the good it could be used for and go forth get yourself out of this. One of my mentors suggested working for the assessor, I did it. Another mentor suggested ERC work. I did it. For those that love to write narratives, there is always work, CG not necessary. I did it as a CR. There is ROW work, probate, divorce, estate. No it is not "wham, bam, thank you mam"am. But you dont have to listen to the prognostications of those who no longer work in the same sphere and seem to be adverse to you being an independent fee appraiser. My observations only from my experience.

 

[djd09]

Nothing in your example points to a lender getting a percentage of a bundle. In the 8+ years I worked in AMC land we never billed based on a percentage of the total fee.
I understand that is not consistent with your belief. It is just what I saw actually happen.

oh so today is the AMC rep. and all this fee data could be found in the dumpster down the street?

 

[glenn walker]

I disagree. This is not the lowest price for a Kindle or a TV. The is the biggest one time purchase investment wise of most typical consumer's lives. That being said no appraiser ever had to work for an AMC. I ignore them all the time, have never done AMC work and any good experienced appraiser can do the same thing. It truly takes the power out of corrupt hands like those that wish to eliminate residential appraisers, that once ruled over an AMC, that once in fact struggled as you do to run a business. You may not think you have a niche, a specialty. You do. Think about the research you do well, the things you love about the profession and the good it could be used for and go forth get yourself out of this. One of my mentors suggested working for the assessor, I did it. Another mentor suggested ERC work. I did it. For those that love to write narratives, there is always work, CG not necessary. I did it as a CR. There is ROW work, probate, divorce, estate. No it is not "wham, bam, thank you mam"am. But you dont have to listen to the prognostications of those who no longer work in the same sphere and seem to be adverse to you being an independent fee appraiser. My observations only from my experience.

GOD HELP US. YOU ARE CLUELESS