Hybrid

[George Hatch]

Nobody can force an appraiser to take on a trainee. They decide to do that themselves. "The AQB made me do it" isn't a thing.

As for appraisals being treated like units of production, I don't think we as a group have any moral high ground there because we've been doing that in the fee shop environments all along.

 

[J Grant]

Nobody can force an appraiser to take on a trainee. They decide to do that themselves. "The AQB made me do it" isn't a thing.

As for appraisals being treated like units of production, I don't think we as a group have any moral high ground there because we've been doing that in the fee shop environments all along.

Many fee shops did not treat appraising like units of production and took training seriously and the mentors spent enormous time with the trainees. (which is why most competent appraisers no longer want to train )

Nobody can force an appraiser to train, but if an appraiser is on staff and wants to keep their job and is presented with we need team players who can train and/or are offered a bonus to do so, they will be the source of training for AMC work and big box lenders-. These companies would hope to retain the trainees schooled in performance scorecards and high efficiency production goals. Nothing wrong with that, it's how many jobs are, it's just not how a profession operates. I doubt the fundamental precept of an independent value opinion has much teeth generated from such a system (or if those trained in by their own client can even fathom it).

 

[Mr Rex]

Unicorns and puppies...

 

[George Hatch]

Many fee shops did not treat appraising like units of production and took training seriously and the mentors spent enormous time with the trainees. (which is why most competent appraisers no longer want to train )

Nobody can force an appraiser to train, but if an appraiser is on staff and wants to keep their job and is presented with we need team players who can train and/or are offered a bonus to do so, they will be the source of training for AMC work and big box lenders-. These companies would hope to retain the trainees schooled in performance scorecards and high efficiency production goals. Nothing wrong with that, it's how many jobs are, it's just not how a profession operates. I doubt the fundamental precept of an independent value opinion has much teeth generated from such a system (or if those trained in by their own client can even fathom it).

I was trained to be a factory drone and so was everyone else I met during my first couple years in the business. That isn't necessarily a bad thing so long as people are being mindful of the limitations of that kind of situation. Which was not always the case in the shop I first came up in.

 

[chad hampton]

I would hire 2 trainees tomorrow if they could inspect on their own and I did not have to inspect.

Make an extra 50k/yr off each. About what I paid my supervisor per year 15 years ago.

 

[George Hatch]

^^^ Case in point. Chad can see the short term dollars and apparently doesn't care about what happens when the volumes dry up and those former trainees are now competing with him based on fee.

THIS is why your fees suck.

 

[J Grant]

I would hire 2 trainees tomorrow if they could inspect on their own and I did not have to inspect.

Make an extra 50k/yr off each. About what I paid my supervisor per year 15 years ago.

And where are you going to get all that extra work from/full fee work to give the trainees, esp if staff appraisers at an AMC and big box lenders use trainees to increase their own production, therefore gyving less fee work out? And what will you do a year from now when the 2 trainees are certified and go after your clients, or go o n their own and offer their services for less than you charge ? (remember the training time has been shorted from 2 years to about a year + -.

 

[Non Sequitur]

^^^ Case in point. Chad can see the short term dollars and apparently doesn't care about what happens when the volumes dry up and those former trainees are now competing with him based on fee.

THIS is why your fees suck.

1,000% correct!

 

[gregb]

Anyone disagree with the notion that SFR fees would not suck so much but for the incursion of the AMC's?

 

[J Grant]

^^^ Case in point. Chad can see the short term dollars and apparently doesn't care about what happens when the volumes dry up and those former trainees are now competing with him based on fee.

THIS is why your fees suck.

The whole thing is pathetic, the thinking of people like Chad ( who I just responded to), as well as the AMC and big box lenders who run appraisals as profit generators ( which is also a big reason why fees suck ).

All of which are reasons the better appraisers wont' train and the short term thinkers/factory minded will train, which will hasten things headed in the wrong direction. But the AMC profit split is the engine driving the fees down never forget that.