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Co-Op AMC

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Reelestate

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Junior Member
Joined
Dec 16, 2006
Professional Status
Certified Residential Appraiser
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Florida
Can a Co-Op AMC formed by local appraisers for local lenders work under these new rules announced today?
 

Mike Kennedy

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Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
Can a Co-Op AMC formed by local appraisers for local lenders work under these new rules announced today?


NOT only......local, but......Regional and National .......... TOTALLY INDEPENDENT Appraiser Managed ...........


absolutely.


Caveat.........if the new "institute" board........is an "institute" board......

then the players remain the same............as long as Banks divest 80% of their stock ownership ...........they are (under the agreement) allowed to continue business as usual with Lenders contracting with AMCs...... that are either TOTALLY INDEPENDENT......or...........that Lenders only only a minority share in.

The "Devil" is always in the Details.
 

RICHARD D. FRANK

Junior Member
Joined
Jul 21, 2006
Professional Status
Certified Residential Appraiser
State
Florida
tomorrow I will release some things we already have in place and some things we have been working on. And, none of it is exclusionary. There are many good minds at work on this across the nation. Beware of those who would be king.
 
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Workbox

Elite Member
Joined
Mar 2, 2005
Professional Status
Certified Residential Appraiser
State
Colorado
Don't see why not.
As long as you keep the predatory tactics out of the picture and do not call them a good business model in order to compete with with the AMC's.
 
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