Ray Miller
Elite Member
- Joined
- Feb 20, 2002
- Professional Status
- Licensed Appraiser
- State
- Wisconsin
If you don't want the appraisal don't order one from me!!!!!
Lender calls, ask if you cover such and such an area, wants your turn time and fee. He agrees to send you an order, you get the order and send them an engagement letter, and they sign and return it to you. You now have a contract to do an appraisal on such and such property.
You start the appraisal but you find something that might cause the loan not to fund. So you call the lender and give them a heads up and the kill the order. What about your contract?????
Would you expect to get paid??
New situation: You visit your doctor he said you need an operation to fix what ever. You reach an agreement on what needs to be done and the fee you are to pay.
Doctor open you up and finds more wrong or other things wrong. He stops operation, wakes you up to ask your permission if you want him to proceed. You say no, he stops and you die on the table. The insurance company or you’re family still pays.
I think the good doctor would continue on complete the surgery
I think the veterinarian would continue on and complete the work.
I think the plumber would continue on and complete the work.
I think a lot of service people would continue on and complete the work.
Why are we as appraiser expected to give a heads up and take a small trip charge fee or no pay at all? After all we are paid to appraise the property good or bad that is what an appraisal is about. Am I wrong???
If you don’t want to dance, don’t go to the dance hall. If you don’t want an appraisal don’t order one.
Lender calls, ask if you cover such and such an area, wants your turn time and fee. He agrees to send you an order, you get the order and send them an engagement letter, and they sign and return it to you. You now have a contract to do an appraisal on such and such property.
You start the appraisal but you find something that might cause the loan not to fund. So you call the lender and give them a heads up and the kill the order. What about your contract?????
Would you expect to get paid??
New situation: You visit your doctor he said you need an operation to fix what ever. You reach an agreement on what needs to be done and the fee you are to pay.
Doctor open you up and finds more wrong or other things wrong. He stops operation, wakes you up to ask your permission if you want him to proceed. You say no, he stops and you die on the table. The insurance company or you’re family still pays.
I think the good doctor would continue on complete the surgery
I think the veterinarian would continue on and complete the work.
I think the plumber would continue on and complete the work.
I think a lot of service people would continue on and complete the work.
Why are we as appraiser expected to give a heads up and take a small trip charge fee or no pay at all? After all we are paid to appraise the property good or bad that is what an appraisal is about. Am I wrong???
If you don’t want to dance, don’t go to the dance hall. If you don’t want an appraisal don’t order one.