Strategies for raising fees

[djd09]

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Thread 'Are Staff Appraisers paid customary and reasonable fees?'

Sep 14, 2022

I am currently working for an AMC as a staff appraiser doing desktop valuations. The appraisers in our department are getting paid close to nothing for each appraisal (as low as $14 ea.) Does anyone know if staff appraisers fall under the customary and reasonable fees requirements?

• Underrated
• Replies: 356
• Forum: General Appraisal Discussion

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really 14 bucks for a desktop appraisal...wtf...i mean public trust

 

[chad hampton]

Lenders can do whatever they want. AMC‘s are third parties and should remain as such. As per the letter and intent of the license legislation that they work under. Again, it’s not a difficult concept to understand.

I should clarify, lenders can do whatever they want provided They don’t get bailed out by the US taxpayer.

Any of you work with private money lenders? You’d be surprised how those appraisals are actually valued and relied on. Real human beings looking at them, not computers. And they care about the comps and the value. They don’t really nitpick minor bull**** that doesn’t matter. but again, they don’t live under the luxury of privatizing gains and socializing losses. They’re dealing with real money.

 

[chad hampton]

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Thread 'Are Staff Appraisers paid customary and reasonable fees?'

Sep 14, 2022

I am currently working for an AMC as a staff appraiser doing desktop valuations. The appraisers in our department are getting paid close to nothing for each appraisal (as low as $14 ea.) Does anyone know if staff appraisers fall under the customary and reasonable fees requirements?

• Underrated
• Replies: 356
• Forum: General Appraisal Discussion

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really 14 bucks for a desktop appraisal...wtf...i mean public trust

What, having a borrower pay 500 bucks for a $14 report doesn’t instill confidence in the system for you?

 

[glenn walker]

UPAP

Are you telling me the intent of AMC legislation was that they would also be appraisal firms? do you realize how idiotic that sounds?

I’ve cut and pasted passages from USPAP, DF, and state laws. I just state what is written. You guys are the ones who want to argue that that’s not what it says.

But you guys and your buddies at revaa should definitely be thankful that most appraisal boards are feckless. And the ones that aren’t get threatened with lawsuits.

USPAP doesn't even address or
say anything about independent contractors, staff appraisers or AMCs or how fees or wages are to be paid. USPAP guides appraisers actions not lender's or banks.

Finaly Revaa wasn't sitting at the Dodd Frank table and once again just making things up as you go.

Even when a former USPAP instructor tells you that your wrong you continue to make up stories.

 

[djd09]

big gov barney frank fan, eh?

 

[Non Sequitur]

U

Thread 'Are Staff Appraisers paid customary and reasonable fees?'

Sep 14, 2022

I am currently working for an AMC as a staff appraiser doing desktop valuations. The appraisers in our department are getting paid close to nothing for each appraisal (as low as $14 ea.) Does anyone know if staff appraisers fall under the customary and reasonable fees requirements?

• Underrated
• Replies: 356
• Forum: General Appraisal Discussion

• 
• 

really 14 bucks for a desktop appraisal...wtf...i mean public trust

Thanks for posting a blast from the past. Not sure if the AMC was outed but it does read like it's the most recent buzzard award winner, Accurate Group.

 

[djd09]

Thanks for posting a blast from the past. Not sure if the AMC was outed but it does read like it's the most recent buzzard award winner, Accurate Group.

they should of paid the appraiser 14 cents to make the point clearer...

 

[glenn walker]

neither the word customary, nor reasonable means lowest.

Then why are you complaining that nobody's paying it ? Lol )

 

[chad hampton]

I still think it’s wild that they refer to full interior appraisals as “desktops” just because they decided it was cheaper to send a uber driver out to do the field appraisal work. I remember when these first came out 8 yrs ago or so - I showed examples to a state investigator and he was floored that the appraisal was the appraisals looked exactly the same. It was a full URAR. The very definition of misleading.

 

[Terrel L. Shields]

neither the word customary, nor reasonable means lowest.

i wish that were true but the reality is that's exactly how it has worked out.

private money lenders?

All my clients are community banks who don't use an AMC or ordering platform to bid out work. It's been a year since I have been asked what a fee is except for mineral appraisals solicited by estates and trustees who have no idea what it will cost.