TAF head Calls Jonathan Miller a Liar

[chad hampton]

bunton should apologize to miller...that wasn't right

As far as I can tell, Miller is one of the few guys who tells the truth about the profession when he’s in a public form. Maureen did a great job too.

 

[Terrel L. Shields]

The in-house appraisal departments paid splits
The fee shops paid splits
The AMCs pay splits

The splits vary in part due to the different combinations of what additional overhead and service is/isn't being included in the services being invoiced. And what the market will bear for each combination.

Not advocacy or an endorsement , simply an observation of fact.

We never bid those splits to our staff and see who would do it cheapest.

 

[George Hatch]

As a point of fact, the AMCs don't traffic in or rely primarily on profiting off of desperate trainees, either. (unless they're doing that now under PAREA). Some fee shops engaged veteran appraisers but towards the end those shops were exceedingly rare by comparison to the operations that didn't. So the overlap between AMCs and fee shops isn't complete. But one thing they both have in common is that the "profits" still go to the rain makers at the top at both the AMCs and the fee shops.

 

[Terrel L. Shields]

. Most everyone I know left corporate America or government, and prefer to work on their own.

The "gig" economy changed a lot of things. And the cost of health care was a factor. It was cheaper to pay a bit more hourly wise or job wise but not pay the gig worker's health care.

I see jobs that are now contracted out and sometimes even with a pay cut. Years ago even, oil companies farmed out their geophysical work, wellsite work, and even day to day management of the pipelines. They farmed out the digitization of old well records rather than keep a staff to do that. Ditto janitorial services. Tyson's hires independent "dedicated" haulers to take feed to chicken farms, and to collect and truck birds to the processing plants. Stocking shelves ditto. Walmart and most grocers shelves for chips and soft drinks are dressed on the shelves by the selling companies. And those are also farmed out to subcontractors. I think most FedEx workers are contractors. Not many plants even mow their own lawn. It's all sent to a contract service. A banker I know took early retirement package his bank offered. He went to work for his brother doing mowing and landscaping. I ran into him filling up a mowing machine at the C store and he said, "Your brother would not recognize banking today if he were still alive." (he had worked with him several years.) And he added that he loved doing this work and went home tired, not stressed, and slept like a baby.

Now AI stands to replace a lot of people. The worry of the 50s and 60s would be that automation would displace workers... I think it is happening frankly. Then who buys all that crap being built?

 

[Tiffany Gibbons]

It’s such an easy solution to get new people into this profession. It doesn’t require YouTube “experience” or cutting big checks to the appraisal institute or any of the other nonsense that is thrown out there.

I had a great trainee experience from a supervisor that I was not related to.
The key was, I made him money, not the other way around.

Exactly! I also never went into direct competition with my supervisor, who I did not know until I took a class from him. I had worked at another firm (not related to them either) for 3 years as an "assistant". I stayed at my supervisor's company for 15 years, later upgraded to CG, did all types of appraisals. When I got on the VA list, I stayed there and gave him a cut of those (and still did other types of work). I wasn't the only one either. It was mutually beneficial.

 

[ucbruin]

Exactly! I also never went into direct competition with my supervisor, who I did not know until I took a class from him. I had worked at another firm (not related to them either) for 3 years as an "assistant". I stayed at my supervisor's company for 15 years, later upgraded to CG, did all types of appraisals. When I got on the VA list, I stayed there and gave him a cut of those (and still did other types of work). I wasn't the only one either. It was mutually beneficial.

Your supervisor sounds like a great guy....
And you sound quite loyal and grateful....

 

[Mejappz]

bunton should apologize to miller...that wasn't right

King David De Bunton I, TAF, the ASC, and AARO believe they are above the law. They must pay for their crimes; there is no way around it. The next guy I would like to see questioned by Chopra is Radke over at Fannie. He's entirely out of control. I'm still wondering what happened to the whistleblower over at Fannie, who was seeking congressional immunity.

 

[Mejappz]

Exactly! I also never went into direct competition with my supervisor, who I did not know until I took a class from him. I had worked at another firm (not related to them either) for 3 years as an "assistant". I stayed at my supervisor's company for 15 years, later upgraded to CG, did all types of appraisals. When I got on the VA list, I stayed there and gave him a cut of those (and still did other types of work). I wasn't the only one either. It was mutually beneficial.

But see, unlike the industry's leadership and AMCs, you have ethics and morals. TAF, the GSEs, the ASC, etc, are all at the bottom of the human chain. And they want us to follow their ethics and standards. What moral authority do they have?

 

[DWiley]

The next guy I would like to see questioned by Chopra is Radke over at Fannie.

You mean like at the hearing that was held on Nov. 1 last year?

 

[Mejappz]

You mean like at the hearing that was held on Nov. 1 last year?

Good to see you join the conversation. So could you tell us what happened to the Fannie whistleblower who was seeking congressional immunity?