George Ellerman
Senior Member
- Joined
- Feb 21, 2005
- Professional Status
- Licensed Appraiser
- State
- Ohio
I work for a company, and when I started with this company I was told I dont get paid until the company gets paid. Also there is work out there that I have not been paid on in over 6 months. I know some of the clients out there (AMC, lenders, mortgage companys, Etc.) dont pay until the loan closes(accepted or denied) but 6 months and some even a year old. Is this normal in the appraisal world? Do most companies only pay when they get paid by the client?
Your company is just as much a deadbeat as some of the mortgage companies are. They rely on playng the law of averages that some of their invoices will be paid while a good number of the appraisers in their stable hardly ever see enough to live on. As long as they are comfortable they could care less about your welfare. They rely on the fact that you want and need experience and that you are willing to put up with the non-payment nonsense. I've known jerks like this over the years. I'd tell them adios.
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