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"customary And Reasonable Local Fees" Clarified Thanks To Working Re Survey

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Cascada

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Nov 14, 2008
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Certified Residential Appraiser
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Virginia
TAVMA must have done the survey. Our fees only went up $20!
By the way, what is the benefit to be an afiliate, member, etc of that TAVMA? I was checking the website and it is a minimun of $750.00 / year I guess. All this organizations and you do not see the benefit, for example, I am in the appraisal institute, and what is the benefit.... I read more articles on the web that in the institute and the classes are expensive and some other people like McKissock has better fees. What is the benefit? Maybe I am getting frustrated with this profession. Less money more spending. :blush:
 

CastleGal

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Aug 5, 2008
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State
Maryland
I'm not a member of TAVMA. I think TAVMA did the surveys and used the lowest fee quoted to give Landsafe and any other AMC the numbers. I think our state Appraiser Associations need to write a letter to the AMC and tell them that these are no where near the fees for their state. They should know.
 

Cascada

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Certified Residential Appraiser
State
Virginia
I agree....Landsafe sent me a list of new fees for my area. The fees went up $20.00, not great. The typical in my area was (noticed that I said was) $350.00 for conventional and $400.00 for FHA. They charge the borrower between $450 - $550.00 because this is what the borrowers have told me. Borrowers ask me all the time "what do I need to do to do your job and get $500.00". Honey... I do not get $500.00 for this appraisal, do not waste your time. I can not disclosed my fee, call the lender if you are interested to know the real fee. The lady that cleans my house makes $2,000/week cleaning houses.... No degree... no nothing... I have to pay insurance (that increase by the way), continuos education, license fees, software, internet, high gas prices, website, car, etc.... If you hire a person to paint a bedroom they charge between $500.00 - $800.00 in my area, A plumber charges $125.00/ hour. An electrician charges $75- $100.00/hour. How much do you get paid per hour??? More liability.... more stress.....more expenses..... lots of education.... less money.... Try to find a trainee.... they are gone....
 

Mile High Trout

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Feb 13, 2008
Professional Status
Certified Residential Appraiser
State
Colorado
OR reasonable....

There it is, finally showing it's face.

Now that this thread is a sticky, we should remember to pay thanks to the organizations that support appraiser professionalism for it's proper purpose.

The best friends of appraisers are those who understand that in the priority tier, first comes consumer protection, second comes proper appraiser engagement to enable said consumer protection to be effective. Appraisers exist for the purpose of consumer protection. Because the appraisal is a mandatory inclusion, there are essential rules to guide the implementation of consumer protection and appraisals through a broad audience.

Rotational standards drove the current appraiser & lender mutually originated C&R pricing tiers in scenarios where lenders did not profit by working with this appraiser or that. C&R without consideration to the rotational standard, as well as without consideration to separated billing in order to separate commission based practices from order assignment will not be effective. C&R was not the problem or the solution when isolated on it's own. The pooling of appraiser and AMC fees is the problem, and the problems associated with that brought about the coining of the term C&R in a way which is potentially misleading itself. Lenders should have paid for the service of appraisal management separately. It's only obvious how commission based order assignment is a problem to anyone with their eyes open in the past decade. One commission based assignment method was swapped for another.

As long as the appraisal and appraiser fees are not clearly separated, there will continue to be financial motivation to depress fees.

What exactly is wrong with appraisal management companies billing per order, separate from the appraisers fee? Consumers do not gain the benefit of reduced appraisal charges, because the savings of reduced cost of services are never passed back to the borrower. They cannot choose between high quality service, or reduced cost service. Rather, they always pay a premium. The management company is supposed to work closely with appraisers. They are challenged to work with them ethically and correctly because of the inherent conflicts present with an AMC's commission based methods and the appraisers mandate to remain unbiased. How can an appraiser remain objective and unbiased when they are knowingly discounting in order to attain more work for the purpose of benefiting the clients financial state? Were appraisal management companies (AMC's) to bill in a way where they billed a fixed amount per order, and passed on the costs of the appraiser to the lender, they would be in a much more similar position as appraisers than they are in now. Just like the appraisers, their worth would lie in their productivity and attention to industry standards. In order for them to be positioned as effective stewards of unbiased order assignment, they should not be in a position to profit by engaging in preferential order assignment like they do now.

Thanks to Working RE. I find a lot of value in getting that mail. With so much going digital, the Working RE mag is one of the only things available for regular reading during the evening. That's why it's still so widely read, because it arrives paper printed in the mailbox. Thanks Working RE!
 
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Cascada

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Nov 14, 2008
Professional Status
Certified Residential Appraiser
State
Virginia
The industry definetely has a lot of problems. I agree with that. The appraisal profession is so divided. If we were united... it will be another story, but we are getting what we deserve.... So many times it was asked to paralize the system not doing work for a few days to let the country know how important is our profession, our analysis of the market inside the mortgage business and I think I was the only one that did not accept orders for a few days. Nobody knew about it, because we are not united......
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Certified Residential Appraiser
State
California
If appraisers organized into a union-like entity would we lose the public trust that we are independent?
 

TC

Elite Member
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Joined
Jan 31, 2002
Professional Status
Certified Residential Appraiser
State
Pennsylvania
If appraisers organized into a union-like entity would we lose the public trust that we are independent?
Most think we all work for the lender and will do whatever necessary to "make the deal."
 

Cascada

Junior Member
Gold Supporting Member
Joined
Nov 14, 2008
Professional Status
Certified Residential Appraiser
State
Virginia
An union.... I do not know if that will be the solution...go and ask Winsconsin and the government.
 

cdeyoung20

Junior Member
Joined
Aug 10, 2008
Professional Status
Certified Residential Appraiser
State
Louisiana
An union.... I do not know if that will be the solution...go and ask Winsconsin and the government.
I dont think we need a union like the ones representing the folks in wisconson. I do think, that if we could create our own form of a union, that we could make an impact though. What other private companies do you know of that have had the government step in and say, you can no longer communicate with the clients that you have worked to build all these years and we are going to take these clients from you and put you in a pool of everyone in your business. If you want business you will work cheap because your years of quality work dont
mean crapp anymore. You can no longer compete bases on credentials. Please tell me of any other private businesses this has happened to.
 

Cascada

Junior Member
Gold Supporting Member
Joined
Nov 14, 2008
Professional Status
Certified Residential Appraiser
State
Virginia
I dont think we need a union like the ones representing the folks in wisconson. I do think, that if we could create our own form of a union, that we could make an impact though. What other private companies do you know of that have had the government step in and say, you can no longer communicate with the clients that you have worked to build all these years and we are going to take these clients from you and put you in a pool of everyone in your business. If you want business you will work cheap because your years of quality work dont
mean crapp anymore. You can no longer compete bases on credentials. Please tell me of any other private businesses this has happened to.
They have done a lot of harm to the profession. I read about a conference X- place and the gentleman started asking how many people under 30 then 40, 50 years old present in the conference. Very few were under 30, the majority were above 50 years old. The person asked how many trainees were present and only one person stand up. I believe it was among 200 appraisers. Sad news for our profession were the AMC are the ones that say if you can have a trainee or not, or if you are geografically competent or not, or what fee you will earn. There is a lot of talking and no action at all. I have been in meetings and it is all the same. Some appraisers go one way and some appraisers go another way. Nobody cares. Complains, complains..... A lot of appraisers will take those $175.00 fees as normal. HONEY...IT IS NOT NORMAL OR CUSTOMARY FEE!!! IT IS NOT.... An union, the way the major Detroit car companies operate is not the solution or it might. Who knows..... It is tricky.... independence..... we do not have any of that anymore. Who in this business thinks he or she is independent?
Independent: not influenced or controlled by others in matters of opinion, conduct, etc.; AMC controls our business... so are we really independent? , not by this definition. I know we all have to follow rules and regulations, even the president is rule by the congress.... well that is what we think:D but AMC's have distroyed my business of 8 years. :angry:
 
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