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Nar

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gregb

Elite Member
Joined
Sep 3, 2011
Professional Status
Certified General Appraiser
State
California
Are they taking a part of Phil's show name?

 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
The realtors have adopted the "fake news" appraisal shortage, probably to get less trained, more easily intimidated appraisers.

https://www.nar.realtor/reports/appraiser-trends-survey

The Executive Summary:

Few appraisers currently train newcomers to the field, though most have done training in the past.

Among those who do still train, results suggest that the number of trainees is roughly the same or slightly higher than the prior 12 months.

Over one-third of current trainers do so for no compensation.

Compensation, regulation, and liability are important factors inhibiting training.

Unwillingness on the part of lenders to accept the work of trainees is also an important inhibiting factor.

Appraisal compensation appears responsive to the increased demands of short turn-around and unique properties. However:

Appraisers were less likely to perform FHA and VA loans

Compensation by bank-owned AMCs was far lower than work done for lenders, law firms, or independent AMCs

Costs rose in 2016, while compensation was relatively flat
 
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