More AMC and PDC Bull

[chad hampton]

Kinda looks like a lobbyist.

That’s exactly what they are. My organization looked into hiring a part-time lobbyist over a decade ago to just operate on the state level. He was going to be 40 grand a year - just part time. Unfortunately after appraising went from local to national, that’s the only way things get done. Olhrs probably 2-3X that now.

The appraisal Institute is the organization that has really failed appraisers. They have a full-time lobbyist in DC. He could probably do some good if that organization gave a damn about working residential appraisers. I’ve only had a few interactions with him, but he and the Revaa lobbyist were often on the same side of issues…Along with the mtg bankers and homebuilders lobbyists. Along with NAR rep in a lot of cases.

When all those organizations are on the same side of an issue, you know the public is about to get ****ed.

I used to think the appraisal section of NAR was the next best route for appraisers to go to. But they’ve been a letdown these last few years as well. While the appraisal section gets a seat at the table, they don’t have much of a say. Which I get - NAR is primarily a broker org.

 

[chad hampton]

duplicate

 

[George Hatch]

Okay, but lets be real about the financial implications of paid lobbyists and buying political influence. My take on it is that political influence can only be rented, not actually bought for a 1-time payment. There aren't enough appraisers to support even 1 full time lobbyist.

 

[chad hampton]

You’re correct that there aren’t enough appraisers who see the value in it. They don’t see the big picture. So for over a decade now, they’ve seen their profession degrade to the point where it’s probably not salvageable. The appraisal Institute has a full-time lobbyist, I think they barely have 10,000 members, if that. I bet they would’ve had 15 to 20k members by now had they not fired Cindy, but will never know.

Don’t get me wrong, I despise that this is what the system is. I think it’s disgusting that money buys power and influence And it’s the only thing that matters. I wish politicians did the right thing, but I’m old enough now to know that that just isn’t the way it works.

Maybe one day the people will rise up and make an example out of some politicians. But until that day comes, corporations with paid lobbyist will rule the day.

This why I’ve given up on this profession as a real career. It’s a gig job. Hell, I still make six figures in it, but I would be the perfect candidate to run an office of 3 to 5 + appraisers. But I’m not about to invest in something like that under these current conditions with , quite frankly, people I do not respect in leadership.

 

[Carnivore]

There mostly made up of AMC lobbyist

 

[Sadie]

That is NOT how cost plus works.

It works just as described in the post you disputed. And lenders do not like it because they do not know the cost in advance and they have to create new disclosure docs if the appraisal cost is not what they originally disclosed. That is why the try to pay the AMC a flat fee and then let/make the AMC deal with the variable fees among appraisers

Easily solved. The AMC is a flat fee that doesn't change and the appraiser has a fee based on the fee schedule the appraiser provided. Or gets a quote. One appraiser, not the cheapest one. There is a tolerance built in for changes, and for unique type homes in the initial loan cost estimate.

 

[Carnivore]

If residential appraisers ever organized and started a union they would have more say. It wont happen but if it did it would cause an earthquake across the nation

 

[Carnivore]

That won't happen but this will.
The economics of residential appraisal work have been pushed to the breaking point. And when a profession becomes economically unsustainable, people don’t protest they exit. some sooner or later but the young ones especially

 

[djd09]

CoreLogic (CLGX) was acquired by Stone Point Capital and Insight Partners for $80 per share in cash and ceased trading on the New York Stock Exchange in June 2021. As a result of this acquisition, CoreLogic now operates as a private company. Consequently, there is no active, current public stock price for CoreLogic (CLGX).

Key points regarding the acquisition:

• Final Price: $80 per share.
• Status: Delisted; ceased trading on the NYSE in 2021.
• Ownership: Private (Stone Point Capital and Insight Partners).

revaa is tiny...

 

[glenn walker]

Independent means Independent and that's a choice self employed fee appraisers made. A lone wolf has no pack to protect him and no excuses for what happens because you can't have it both ways.

About time to grow up and quit crying because you chose your fate and nobody owes you anything.