Oregon's Sinedie Legislature Is Age-ist, Deals With Shortage, No C&R

[Meandering]

I suspect that a fee cap is part of the agenda behind promoting this bill.

What I believe is this:
If one accepts that there is an argument to set mandatory minimum fees, I don't see it as a big leap to then argue that mandatory maximum fees should also apply..

Think about that for a minute.

If appraisers in COW states refuse to do work for low fee paying AMCs, why would those same appraisers agree to work for a "capped" fee?

If you can put $200 where the sun don't shine, why would an appraier bend over for $500 if they feel they are worth $800??? Simply because that's the "cap"?????


Capping the fee makes the problem worse, because the supposed "shortage" is market reaction to unfair labor practices.

So let's just assume that typical fees in COW states are $800+

How many appraisers in the $200-$400 fee states could be lured to a COW state, spend 2-3 weeks learning the local markets, and start providing services there?

NONE,
because of licensing constraint,
MLS access fees,
E&O issues with changing states,
temporary licensing issues,
More questions about "geo-competency"
Moving expenses,
Uprooting families,
blah,blah, blah, blah.

These are issues created by AMCs and by state regulations.
A two hour state law class should be all that's necessary for an already licensed appraier to practice in other states.
There might be some "snowbird" types willing to go to COW states to appraise for better fees in the summer, and return home in the winters, but, the existing regulatory structure make it near impossible. Yet, we have RE brokers that live and sell in Florida all winter and then live and sell in PA all summer.

Pity appraiers don't have that option.

.

 

[hastalavista]

If appraisers in COW states refuse to do work for low fee paying AMCs, why would those same appraisers agree to work for a "capped" fee?

(my bold)
What is a "COW" state?

 

[Meandering]

(my bold)
What is a "COW" state?

Colorado, Oregon, Washington

 

[hastalavista]

Colorado, Oregon, Washington

Ok, thanks.

 

[George Hatch]

My perception of Oregon's appraisers is that they never did breed themselves into oversupply. Which is most likely why they now find themselves under assault.

 

[bnmappraisal]

and discussions about training programs on this forum get shot down quicker than a Daffy Duck on the opening day of duck hunting season.

funny analogy, but true

Although the START "program" I still don't think is a good idea, nor any other "trainee programs" by AMCs or non appraiser organizations. I agree with Joe Flacco, if fees were in the $600-800 range, it'd be much more enticing to bring on new trainees. But the sad reality of the AMC world (as we read/see too often on here) is many fees in the rest of the country just don't make it that enticing

 

[Joe Flacco]

Joe-

Part of the problem is training, no?
How long would it take to scale-up a 1-2 person fee shop to a 4-6 person fee shop by bringing trainees into the firm?
And (at least based on my personal experience) when I'm training someone, that takes me out of my production-queue. I can do 100% of the work and collect 100% of the fee, or I can do 100% of the work (my own and my training/supervision) and split the fees where I work with the trainee. In either case, I'm maxed out at 100%.

Having said the above, I was in a similar situation in 2000. I did have a 2-person shop and I grew it over 5 years to a 15 person shop. Not all the appraisers were "trainees" but a large number were. It was a lot of work (worth it at that time) and the appraisers were rock-solid appraisers. That was something I was willing to do 17 years ago but not something I am willing to do 17 years later (and, I could do it again. But at my age, I'm not interested in doing it again).

I don't have a good answer and discussions about training programs on this forum get shot down quicker than a Daffy Duck on the opening day of duck hunting season.
It is a shame.

It is definitely a lot of work and requires a long term outlook. I can understand that many are just not interested at the stage of their careers. It is definitely short term pain for long term gain which may not even work out as planned. I believe that there are appraisers in their 30's or even 40's that want to try to build firms. The only problem we have today is money. Entrepreneurial incentive is not there. In 2000, there was entrepreneurial incentive for you to train and build a firm. The base fee was probably like $350. Cost of everything has at least doubled since then. Today the fee needs to be double what it was in 2000. With $700+/- base fees today, there is entrepreneurial incentive to build a firm. Ask your boy Michael Willis if he would try to build a firm if base fees were $700. I am sure there are many appraisers out there that want to build a firm.

We don't need or want any AMC training programs. We need the entrepreneurial incentive. $$$

 

[djd09]

It is a shame.

It is a shame for who? Or did you mean sham?

 

[timd354]

It is a shame for who? Or did you mean sham?

Is there anyone or anything that is not a sham or some sort of conspiracy in your world? You seem to be a very bitter and miserable human being.

 

[djd09]

are you off your medication again? blue in the morning and red at night.