I dont think so. There is a significant amount of work that is "locked up" by
AMC's due to the regulations ( I cant cite verse and chapter maybe someone
will help me out here) that mandate the ordering process be done by a "neutral" party.
Because appraisers cannot bid on that work any other way, the AMC have control.
They have colluded to make the fees low, ridiculously low, in order to line their own pockets.
Your fees are not set by you Denis if you do AMC work for the most part ( and based on your opininon I would venture to guess that you do little AMC work).
You might ask yourself why they all have the same low fee or similar low fee, and the market place is paying something different and much more.
If that is not price fixing, then I dont know what is.
And here is an interesting point, APPRAISERS GIVE AMC's THE POWER TO DO
IT.
I think a reasonable case could be made to a Jury that price fixing is going on.
Where is the Appraisal Institute, NAIFA, et al. on this issue?
If the appraisal organizations co-operated together on this, it would end
in short order.
As Pam has pointed out the Management companies have banded together.
If organizations that represent appraisers dont do anything, what good are they?
