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rcwessel

Thread Starter
Freshman Member
Joined
Apr 13, 2002
Got a call yesterday from a newby - actually not even licensed yet. Taking
the test in two weeks but wants to find an appraiser who will review and sign-off on his reports. Claims to have a neighbor who is a mortgage broker who will give him 300-400 deals per month.
What it boils down to is this - he would like to pay someone 20% fee for review and sign-off. I explained the liability issue to him and our training process (the reasons we take 65% and pay newbies 35% to start). Did not sit too well with him, I guess, I have yet to hear back.

Any thoughts?
 

wyecoyote

Senior Member
Joined
Jan 15, 2002
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Washington
Some people think this is a get rich quick business. Perhaps he will learn or be taken on by some number hitter and turn out just as bad.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
300 - 400 per month, huh?

Well, we already know he exagerates - big time!!!! Next question is: What do you know about that mortgage broker? Bet he's an honest appraisers nightmare.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
How would you have time to review 300-400 per month? How would he have time to appraise 300-400 per month?
 

Frank Bertrand

Junior Member
Joined
Aug 21, 2002
Professional Status
Certified General Appraiser
State
Pennsylvania
maybe drivebys with no forms to fill out?
 
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