• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

How Do You Handle Assigned Appraisal Requests

Status
Not open for further replies.

Lynne

Member
Joined
Jul 25, 2006
Professional Status
Certified Residential Appraiser
State
Florida
from clients you've never done work for?
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
I call them and ask to speak to someone, a regional manager for example. If I can't get a live person in charge on the phone to feel them out, ask some questions such as payment etc I turn back the order.
 

The Warrior Monk

Moderator
Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
A client that has no agreement with you cannot require you to do anything, nor are you obligated to do anything. You are certainly free to contact them and discuss the potential assignment if you wish.
 

Lynne

Member
Joined
Jul 25, 2006
Professional Status
Certified Residential Appraiser
State
Florida
I call them and ask to speak to someone, a regional manager for example. If I can't get a live person in charge on the phone to feel them out, ask some questions such as payment etc I turn back the order.

Agree J Grant. I'm receiving more & more of these Assignments which are Not fee / turn time bid blast emails.
 

Lynne

Member
Joined
Jul 25, 2006
Professional Status
Certified Residential Appraiser
State
Florida
A client that has no agreement with you cannot require you to do anything, nor are you obligated to do anything. You are certainly free to contact them and discuss the potential assignment if you wish.

Thank you for your reply.
 

Lynne

Member
Joined
Jul 25, 2006
Professional Status
Certified Residential Appraiser
State
Florida
If you decide to accept the new client assignment do you wait for payment or factor the new client?
 

hastalavista

Elite Member
Joined
May 16, 2005
Professional Status
Certified General Appraiser
State
California
If you decide to accept the new client assignment do you wait for payment or factor the new client?
Do you factor your existing clients?

If not, why factor a new one before you've seen how promptly they pay?
If factoring is what you do in general for all or certain clients, and this new client fits that factor-criteria, then why hesitate to factor them with the rest?
 

bnmappraisal

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
from clients you've never done work for?
Generally I come on here and do a search - and look through the Clients - G,B, U section to see if others have any issues with said "client"
I also call a couple guys I know locally to see if they have any experience with said client.
 

bnmappraisal

Elite Member
Gold Supporting Member
Joined
Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
Sorry, but I think I'm missing what "factoring" means
 

hastalavista

Elite Member
Joined
May 16, 2005
Professional Status
Certified General Appraiser
State
California
Sorry, but I think I'm missing what "factoring" means
Selling accounts receivable.

You owe me $500. I can sell it to a 3rd party for $350 (just an example). I get paid immediately and do not have to wait. The entity with whom I sell it to is called a factor.

There used to be a factor representative who would pop-up from time to time on this forum and put up a link to his organization. Maybe s/he see this and chime in.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks