40somthing man is referred to me by another appraiser. He says he just got his license (registered real property appraiser) from the 90 hours of required training. Knows several people in the business, LOs, a regional manager, branch manager, etc. I should have stopped when he mentioned something about him splitting his fees with me. I did two or three reports with him (including the inspection), but only let him do simple second mortgage deals. I got busy and never heard back from him for a few weeks, then months. He calls me back six months later saying he needs someone to sign off on his reports for him - he would be willing to pay me as much as $25 for the honor - no review needed!!!! After he did about two or three appraisals, he purchased the computer, software, etc. and went around to the local banks offering second mortgage appraisals with one or same day turnaround for $100. None of the banks batted an eye - they just used him because he was 1/3 of the normal fee. None even had an approved list or any appraisal policies. He just gave him a copy of his trainee license and went to work. After a while, several of his competitors (the low fee appraisers in our area) turned him into the state and the clients. That is why he suddenly needs a cosigner. Hopefully, the state will make an example of him. Multiply this example times every rookie appraiser that has called your office looking for work after purchasing the minimum education and you know why our industry is in disarray. All these rookies are willing to get a couple of months experience and sign up for every AMC in the book. Why not, the fees are the same if they had to split with another appraiser that actually offered training, expertise, and overhead. But why do they need a supervisory appraiser after taking the 90 hours of education? Why not come in high on a few values just to get established? WE NEED TO SUBSTANTIALLY RAISE THE REQUIREMENTS TO BECOME AN APPRAISER. Incidentally, if you are a rookie appraiser in my area without the proper experience, I will turn you into the state. I may even testify against you.