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Bye, bye appraisers

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Rufus

Junior Member
Joined
Apr 3, 2008
Professional Status
Licensed Appraiser
State
Indiana
Just finished my last C.E. course yesterday and Mark Ratterman had the renewal statistics from the license board. I don't remember the exact numbers but he was predicting, based on previous renewals at similar points in time of previous cycles, that roughly one third of all appraisers will not be practicing after June 30. Also about 80% of the trainee appraisers won't be with us.

In the long run, this will be good as our sliver of the pie may get a little bigger. However, the pie itself seems to be shrinking. On the other hand, I have nine orders at the moment and will even be out inspecting tomorrow (Saturday). Four are on hold awaiting FHA case numbers, so it is not overwhelming since the others are due on Tuesday to Friday of next week.
 

EddieHibbard

Sophomore Member
Joined
Feb 1, 2005
Professional Status
Certified Residential Appraiser
State
Indiana
Excellent! We had a busy week as well, between 2 of us we did about 12 reports.
 

Doug Meyer

Senior Member
Joined
Sep 13, 2003
Professional Status
Certified Residential Appraiser
State
Indiana
I am glad someone is getting the orders. Things are very slow here in our office this month. Worst in my 28 years in the appraisal business.
 

jeanwillick

Junior Member
Joined
Jun 2, 2003
Professional Status
Licensed Appraiser
State
Michigan
Busy last week with 7 orders, only 1 private appraisal so far this week.
 

Financially Feasible

Senior Member
Joined
Jun 25, 2007
Professional Status
Certified General Appraiser
State
Pennsylvania
that roughly one third of all appraisers will not be practicing after June 30. Also about 80% of the trainee appraisers won't be with us.

As the old saying goes: "Don't let the door hit you in the @$$ on the way out...".

:fiddle:
 

Indiana Jones

Member
Joined
Oct 16, 2002
Professional Status
Licensed Appraiser
State
Indiana
As the old saying goes: "Don't let the door hit you in the @$$ on the way out...".

:fiddle:

This is good and bad. Good because the competition is shrinking; bad because a lot of the ones leaving are the good guys.
 
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