Full Moon?

[ZZGAMAZZ]

It's common knowledge that residential mortgage appraisals have declined during the past several months for most appraisers, although there have been good weeks and bad weeks.

However, I haven't received a new assignments in 10 days; and this seems to be a common scenario among my peers.

I'm just wondering if others are experiencing the same dilemma?

 

[Jeffrey Carothers]

When I first got into this business in 2005 as a trainee, I was doing 25 to 35 appraisals a month. Now that I'm fully licensed, I'm lucky to do 12 - 15 appraisals a month. My average is around 10 appraisals a month. I was making more money as a trainee while paying a reviewer $150 to sign off on each of my reports. I'm in the process of getting ceritified so I can at least have a couple of trainees to make up for my lost income. Now all this talk about AMC's and appraisers losing even more income. It may be time for me to go into a new profession and keep the appraisal job as a hobby.

 

[ZZGAMAZZ]

One damn expensive hobby considering the fixed expenses of licensure, education, & liability insurance...

 

[Mr Rex]

When I first got into this business in 2005 as a trainee, I was doing 25 to 35 appraisals a month. Now that I'm fully licensed, I'm lucky to do 12 - 15 appraisals a month. My average is around 10 appraisals a month. I was making more money as a trainee while paying a reviewer $150 to sign off on each of my reports. I'm in the process of getting ceritified so I can at least have a couple of trainees to make up for my lost income. Now all this talk about AMC's and appraisers losing even more income. It may be time for me to go into a new profession and keep the appraisal job as a hobby.

If that's your business model, please exit stage left. And you wonder why it is like it is?:Eyecrazy:

 

[JRS at OBX]

When I first got into this business in 2005 as a trainee <snip> I'm in the process of getting ceritified so I can at least have a couple of trainees to make up for my lost income.

Wow. :Eyecrazy:

 

[Hamlet]

Karl is going to have a stroke!

 

[Offshore]

What is the big deal? He only wants to hire a couple of trainees which is legal. I may be not be entirely correct, but from what I recall a few months ago someone posted that a licensed appraiser can have up to a dozen trainees in CA. There are several in here with large shops who post every time they get an assignment more complex than matched pairs on the same block. It has to make the veteran one person shops furious to have to compete with that.

 

[Mr Rex]

What is the big deal? He only wants to hire a couple of trainees which is legal. From what I recall a few months ago someone posted that a licensed appraiser can have up to a dozen in CA. There are several in here with large shops who post every time they get an assignment more complex than matched pairs on the same block. It has to make the veteran one person shops furious to have to compete with that.

I hear Dave got a job from Joe. Who woulda thunk it?

 

[CURT VAN HOOSER]

Ha! You guys are killing me... Pull my finger!

Hey Jeffrey, Offshore thinks you can have a dozen trainees right now...as a licensed appraiser, so what are you waiting for? Oh wait...you can't. I guess he didn't know what he was talking about...

 

[JRS at OBX]

Ha! You guys are killing me... Pull my finger!

Man, this conversation is starting to stink!!