Geo Competency.30 mile rule, really?

[Don Clark]

For those who believe that AMC's are attempting to select the best qualified, and those who believe that AMC's have a 30 mile rule for assignments:

coverage area. Due to the time sensitivity with this report it will be assigned to the first appraiser who accepts the order through our website.

Order Number: 5000638393
Property Address: 20306 JAMES AVE, QUINBY, VA 23423
Service Type: FHA Interior Appraisal 1004
Due Date: 7/28/2014
Fees: $300

Now:

Quiby, Virginia is at least 75 miles away, and you have to cross a 17 mile long bridge tunnel at $12.00 each way(only if you make it back in 24 hours at this discounted rate).

This is in Accoimac County, the upper half of the Virginia Eastern Shore. In the lower half, just 4-5 hours earlier a toranado touched down in a Camp Ground and killed 3, wounded 20 others, bridge tunnel has restricted traffic to the Eastern Shore.

So much for making sure the appraiser is qualified, and knows the area.

And, oh yes, it is an FHA for $300.00 in a market where C&R is $400-$500

Guess I will have to drop everything and jump on this one.............Not.m2:

 

[Michigan CG]

Due to the time sensitivity with this report it will be assigned to the first appraiser who accepts the order through our website.

So we need to be told again by someone how the AMC model adds quality to the appraisal process. Where is the vetting of the appraiser to make sure they know what they are doing?

The AMC sounds desperate, but not desperate enough to call someone not on their list, aka a local person who is going to charge them more.

So, what will happen is the first person to get the order will be the guy used to getting $200 per report and he will think it is a great opportunity.

This type of activity needs to be shown to the people who can make a difference in your state.

 

[J Grant]

Many of the AMC's or lenders have a 30 limit, which does not mean that all of them do. So what is this company's name? FHA used to be a panel rotation like VA. They should have left it that way.

 

[Meandering]

But Don,

All those Peninsulas around you lets them squeeze that 30 mile rule, cause it's square miles, and, you're out of real estate on the east and most of the west, so just extend it north and south.

.

 

[Stone]

Dumb question. How did 30 miles for residential appraisals become the standard? That doesn't even take you from corner to corner across my home county and I wouldn't ever blink at someone from one part appraising my home in the opposite end. And, while I am a rural appraiser and cover the majority of the state, I live on an end of Dane County which is one of the more populated counties in the state so it isn't like I am asking about really rural areas.

 

[Mountain Man]

Living in the mountains is fun too, some AMCs only allow listings of whole counties. I don't serve ALL of some counties because there are no roads and as we say in the south, "you can't get there from here". Turn time, 4 days to hike and camp. Comp photos? Nope, not happening. Then there is also Fulton County (Atlanta). County is 20 miles wide and dam near 100 miles long. Nope, that ain't gonna work either.

 

[Non Sequitur]

Hurry! Report that dastardly appraiser to the Realtor association!

I wonder what color cape would look good with a gold jacket and high heels?

 

[JTip]

I regularly travel about 50+ miles one way to one town at the most northeasterly part of the county.

Those run $450.

 

[J Grant]

RE agents in charge of GEO competency:" The appraiser must live in subject community." "The Appraiser must live no more than 5 miles away". "The Appraiser must...oh that's our number hitter, let them in!"

30 mile rule many clients have makes sense in populated areas, at least some of the time. Other clients have 50 miles. Some may have none. I am not approved with every single one out there, just know that the ones I have applied to or been approved with, as well as friends in the business, a high percent of clients have 30 mile limit for assigning. In rural or sparse populated areas fixing a distance makes no sense ; hopefully clients are aware of that. It should not apply to appraisers who have been appraising for years in an area but choose to live further out either imo.

 

[Jambalaya]

my license is not pegged to where I live, for this reason. the 30 mile rule is stupid. proximity does not equal competence.