How many actually believe 3.6 will be fully implemented this year?

[anney]

I have notified clients I am retiring 12/31/2026. My realtor dues expire at that time. My E&O expire first part of march 2027, my license expires Dec 2027. I will except non 3.6 assignments until 12/31/2026. I have run the math, It does not make any sense to keep business open.
I hate/hated the mandatory update last round. I have reviewed, limited though, 3.6 and I have a H*ll no attitude.
I was Licensed in in 1997,Certified after that. Very good run through 2011 until AMCs came into play. Tried AMCs and made a decision early on, Just Say No.Terrible Fees and extra requirements. I now complete lender direct orders and non lender work. I took a 50% pay cut because of drop in assignments. IMO still worth not having to deal with the endless revision requests... More comps needed....Here are properties to look, please reconsider value...BLah Blah Blah. (Oh by the way our fee to pay is $300 and there is a $25 fee charge to upload. No Thank You...Declined)

Recently received a letter from Fannie Mae, warning me about my language in a report. I used the word DEMOGRAPHICS...How terribly racist of me.

I originally loved my profession. I had no issues telling Mortgage Brokers to pound sand. Then Gov got involved due to a few bad (appraiser) apples. Funny how they seemed to overlook the actual cause of fraud in the industry. Then our world became WOKE. A new set of guidelines for something that for MOST never existed.

To the appraisers staying in, I wish you the best.

 

[chad hampton]

I get it, hate to see experienced professionals leave. Sorry that leadership in this profession put you in this position.

Used to be a decent career. You weren’t going to get rich, but you could do OK. Unfortunate that’s gone.

I’ve seen so many appraisers that have left a profession or significantly cut back over the last 5 to 10 years. All that expertise and professionalism gone. In return you get to have your home appraised by that dude from RSDS, you can be one of 60 a month he does.

 

[alebrewer]

I have notified clients I am retiring 12/31/2026. My realtor dues expire at that time. My E&O expire first part of march 2027, my license expires Dec 2027. I will except non 3.6 assignments until 12/31/2026. I have run the math, It does not make any sense to keep business open.
I hate/hated the mandatory update last round. I have reviewed, limited though, 3.6 and I have a H*ll no attitude.
I was Licensed in in 1997,Certified after that. Very good run through 2011 until AMCs came into play. Tried AMCs and made a decision early on, Just Say No.Terrible Fees and extra requirements. I now complete lender direct orders and non lender work. I took a 50% pay cut because of drop in assignments. IMO still worth not having to deal with the endless revision requests... More comps needed....Here are properties to look, please reconsider value...BLah Blah Blah. (Oh by the way our fee to pay is $300 and there is a $25 fee charge to upload. No Thank You...Declined)

Recently received a letter from Fannie Mae, warning me about my language in a report. I used the word DEMOGRAPHICS...How terribly racist of me.

I originally loved my profession. I had no issues telling Mortgage Brokers to pound sand. Then Gov got involved due to a few bad (appraiser) apples. Funny how they seemed to overlook the actual cause of fraud in the industry. Then our world became WOKE. A new set of guidelines for something that for MOST never existed.

To the appraisers staying in, I wish you the best.

All the best in your next adventure. You're not alone.

 

[Airstream]

I have notified clients I am retiring 12/31/2026. My realtor dues expire at that time. My E&O expire first part of march 2027, my license expires Dec 2027. I will except non 3.6 assignments until 12/31/2026. I have run the math, It does not make any sense to keep business open.
I hate/hated the mandatory update last round. I have reviewed, limited though, 3.6 and I have a H*ll no attitude.
I was Licensed in in 1997,Certified after that. Very good run through 2011 until AMCs came into play. Tried AMCs and made a decision early on, Just Say No.Terrible Fees and extra requirements. I now complete lender direct orders and non lender work. I took a 50% pay cut because of drop in assignments. IMO still worth not having to deal with the endless revision requests... More comps needed....Here are properties to look, please reconsider value...BLah Blah Blah. (Oh by the way our fee to pay is $300 and there is a $25 fee charge to upload. No Thank You...Declined)

Recently received a letter from Fannie Mae, warning me about my language in a report. I used the word DEMOGRAPHICS...How terribly racist of me.

I originally loved my profession. I had no issues telling Mortgage Brokers to pound sand. Then Gov got involved due to a few bad (appraiser) apples. Funny how they seemed to overlook the actual cause of fraud in the industry. Then our world became WOKE. A new set of guidelines for something that for MOST never existed.

To the appraisers staying in, I wish you the best.

I was fortunate in the last 10 years of my full time experience to appraise in an area that had few appraisers and I could charge 600 to 650 for the typical appraisal. It made a huge difference. But since my wife and I moved to a different area that has changed. I still get requets for complex assignments that I get paid 2500. But I am in a similar situation as you. Does it really pay with all the expenses and headaches to continue. About all it does is cause me to get into a tax bracket I really don’t want to be in. And I’m not really grossing that much. But with investment income, RMD’s, capital gains, SS, etc suddenly I pay more taxes. So profitability isn’t much after taxes. My decision time comes due in September with E&O and software coming due. My decision is still up in the air. Yours seemed pretty obvious if you are not getting much per report.

 

[anney]

My fees are what I assume to be most typical for my area. $500 -$650 non complex. $650-$950 semi-complex. With out doing 3.6UAD assignments, I can probably cut the volume I do by minimum 50%. How many lenders will prioritize your assignments if you no longer will accept secondary work? I have a client that doesnt do any secondary assignments and has approached me to continue working, but the volume does not equate. I actually want to make a profit and not break even for expenses.

I fortunately am in a position that affords me to stop working. I have saved hard. I am under 60 and can live a lean lifestyle, until I can draw annuities and ss. I may take a part time job to help pay bills without dipping into savings. I am quite sure unless a miracle job lands in my lap, a $17-$20 hour paying job might be in my future. Jan/2027 I will make my decision as to if I retire (early) full time.

 

[Amy Perkins]

Send me a UAD 3.6 ... I double dog dare you!