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Do You Have Copies Of Your Appraisals?

As a trainee, are you getting and keeping signed complete copies - EXACTLY WHAT WAS SENT TO THE CLIE

  • No, I never get any signed copies of the final reports.

    Votes: 30 17.4%
  • I rarely ever get a copy of the signed final report.

    Votes: 14 8.1%
  • Every once in a while I get a copy of the signed final report.

    Votes: 14 8.1%
  • Yes, I have a signed copy of every final report that I've done.

    Votes: 114 66.3%

  • Total voters
    172
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Since I am nearing my goal of a paperless office (appx. 85% there, hold your applause) i am now shredding the PAPER copies , BUT filing them electronically, and I will probably save then 2 times longer than I did the paper (appx. 6yrs)
 
I send my report to my supervisor and he checks it and will send it back unsigned until I send him one that he will stand behind with his signature. At that time I sign as the appraiser and his supervisor signature is already on the report. I send the final appraisal to my clients and keep copies of each and a work file as well. I guess I am going to be recalculating my hours however, because I was only allowed to assist for about 5 months. During that time I went to all his jobs, assisted in taking pictures, measuring and so on. When we were going to do an appraisal he would give me the address and type of appraisal the day before and I would pull comps. When we met the next day we would compare my comps to his and see how I was doing. I kept a log with all the information about each job and have his signature but I am sure my name doesn't appear on any of those reports. So I have missed out on some valuable experience hours apparently. Am I allowed to continue going on jobs with him and claiming experience (with my name mentioned on the report) even though I have progressed to the point of doing a report by myself? Save a mistake here or there!
 
Since I am nearing my goal of a paperless office (appx. 85% there, hold your applause) i am now shredding the PAPER copies , BUT filing them electronically, and I will probably save then 2 times longer than I did the paper (appx. 6yrs)
My Accent

Am I reading that wrong? You're saying that you only kept your previous files for 3 years?

BTW - nothing like bringing up an old thread..............but in this case, I think it's probably worth it.
 
After 5 years and one day , shred those reports.If you have them after 5 years , they will come..and get you...
 
After 5 years and one day , shred those reports.If you have them after 5 years , they will come..and get you...

Keep them forever. You never know when some useful bit of info is going to come out of one of them and really come in handy.
 
Training is a progressive excercize. The first stage might be to work in the office to learn proceedures, telephone etiquette, filing, billing, costs. The next stage might be to accompany the supervisor on inspections and work with him/her in developing a report, selecting comps, doing matched pairs analysis and how to "work down the page." I have noticed some trainees skip over sections hoping to come back to them later. Finally, the trainee will make a complete report then compare it with that of the super. Then ask questions, questions, questions. I do not believe that a trainee should ever make an inspection on his own. Most lenders REQUIRE the super to sign that he has seen the subject inside and out. BUT, the trainee can take on a increasing amount of the work until he gets very efficient and PROficient. The super makes his own notes and basically observes. In my experience, it will take almost the entire 2,000 hours before the trainee has the sufficient skills to complete a report on his own......and that would be of the most ordinary houses. In my opinion, if the trainee was worked in RE sales for a few years he or she will have a leg up learning to appraise. Not that a RE agent gains any appraisal knowledge but he would already know terminology, escrow proceedures, what a title report is, how to function in the MLS and maybe even run CMAs, he might even get a feel for the market and why adjustments are needed or not needed for certain differences.

When a report is completed, I always send a pdf to the trainee for his/her records. They may or may not print a hard copy but then there are two of us with the file in their respective computers.
 
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