Michigan CG
Elite Member
- Joined
- Nov 1, 2006
- Professional Status
- Certified General Appraiser
- State
- Michigan
Last year we were told about the shortage of appraisers in the COW states and how there WOULD be changes to requirements to become a residential appraiser. None are coming any time soon.
Recently William Fall, MAI wrote an article that was completely misleading about the shortage of appraisers.
AMCs have been advocating for more trainees as the impending shortage is nigh and the current appraisers are mostly older than dirt. When I started I was told the average age of an appraiser was over 50. My mentor said they were saying the same thing in 1970 when he started.
If there is such a shortage in the COW states (there was in 2016) are those folks hiring trainees? They should if they want to maximize profits. Do they see this as a problem they need to address or do they see the 2016 business as a temporary thing that will correct itself?
The best way to gauge that is to find out how many appraisers in the COW states are advising their children to become residential appraisers. That is the true test of the market as many appraisers, back in "the day" were recruited by family members Appraising used to be a family business and used to be passed on from generations. Are the COW state appraisers hiring trainees and are some of those trainees their children?
There are multiple threads this year about how the AMC model is changing to blast e-mails asking for fee and turn time. There are threads about $285 FHA assignments and lower in many states.
How are those appraisers in the COW states being treated now? The AMC will always tell the appraiser they are "partners" and go on to tell the appraiser they need to turn the report in ASAP, by the way what is the best fee you have? Are those "partners" in the COW states being treated differently than the folks in Florida, Atlanta, southern California and other areas where fees are STILL depressed? I doubt it.
The AMC model might have (most likely) created the shortage of appraisers in COW states and is actually encouraging a shortage in more states and as long as they offer $285 FHA fees via blast e-mail. No one is going to recruit their family members to the business as long as AMCs continue their current business model.
When there are more states with "shortages" people like William Fall will cry "Appraiser shortage" and tell us how many appraisers are over the age of 80. Someone please ask William Fall and others crying shortage if they would encourage their grandchildren to become a residential appraiser.
Recently William Fall, MAI wrote an article that was completely misleading about the shortage of appraisers.
AMCs have been advocating for more trainees as the impending shortage is nigh and the current appraisers are mostly older than dirt. When I started I was told the average age of an appraiser was over 50. My mentor said they were saying the same thing in 1970 when he started.
If there is such a shortage in the COW states (there was in 2016) are those folks hiring trainees? They should if they want to maximize profits. Do they see this as a problem they need to address or do they see the 2016 business as a temporary thing that will correct itself?
The best way to gauge that is to find out how many appraisers in the COW states are advising their children to become residential appraisers. That is the true test of the market as many appraisers, back in "the day" were recruited by family members Appraising used to be a family business and used to be passed on from generations. Are the COW state appraisers hiring trainees and are some of those trainees their children?
There are multiple threads this year about how the AMC model is changing to blast e-mails asking for fee and turn time. There are threads about $285 FHA assignments and lower in many states.
How are those appraisers in the COW states being treated now? The AMC will always tell the appraiser they are "partners" and go on to tell the appraiser they need to turn the report in ASAP, by the way what is the best fee you have? Are those "partners" in the COW states being treated differently than the folks in Florida, Atlanta, southern California and other areas where fees are STILL depressed? I doubt it.
The AMC model might have (most likely) created the shortage of appraisers in COW states and is actually encouraging a shortage in more states and as long as they offer $285 FHA fees via blast e-mail. No one is going to recruit their family members to the business as long as AMCs continue their current business model.
When there are more states with "shortages" people like William Fall will cry "Appraiser shortage" and tell us how many appraisers are over the age of 80. Someone please ask William Fall and others crying shortage if they would encourage their grandchildren to become a residential appraiser.