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Nickel & Dimed--Who's Realec

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Elliott

Thread Starter
Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Pleasant phone call this morning from CA telling me
my local CU has signed up with Realec.com for all
their business. I go to the website and besides
agreeing to giving my first born child to them, they
soon want $150, plus they want $7 a report. Oh great.
This is a CU I got 2 assignments from last year....so I
assume the CU gave them a list of the 30 other
appraisers on my MLS. I wonder if my CU gets a
kickback.

Anyone know about them? Do they have a auto
low fee schedule?
 

Mike Boyd

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
Sounds like an AMC where you collect your own fees and then pay them $7 for each assignment. BUT, you must join first for a fee of $150. I wonder if they represent ALL credit unions or just that one company. If ALL, it would be worth it. If just that one office, probably not. However, I like the concept of paying $7 for each assignment and collecting my regular fee (or, regular fee plus $7) I did a triplex for a credit union this past summer. Direct order, no AMC of any kind.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Another version of AppraisalPort so you can pay them for unlocking, altering, and stealing your data to re-sell?
 
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