This is why I got out of this profession

[NC Appraising]

So you are not out of the business you just dont have enough work that pays well .

Na. As I said, I am about 90% out. I done 4 assignments this month.

I work for my family's real estate development company as the land acquisition manager. I also own a separate company with my brother, but I am mostly behind the scenes on that one.

It's a very boring job. A lot of waiting for responses, playing pocket pool, dealing with GOVCO, etc.

So why not take on a couple of jobs to make the time pass? Heck, I am already out in the area looking for land so why not take on a couple of good paying assignments from none large POS AMCs?

 

[bluechip]

Expose the AMC. It's time to stop protecting the almighty client list. We all work for the same nonsense.

 

[ramrcdk]

There's one: north-ish of NJ that has a Rate the Appraiser System. If delivered on time & you get-along : remain in their pool of active appraisers. If even a bit late on delivery AND performed with diligent communication, you get dinged. (fair to say: 1 exception: owner will not let you in. They will check.) You get a "non-removable Ding" even if there were NO corrections really needed and the reviewer- system missed THAT which was already diligently explained IN your "Original Report". Request to remove Garbage Dings: was Declined. Then the Rep' says: the rating system really doesn't matter (until it does). *Explaining so you understand rating systems...there is always a way to get rid of any appraiser. Each State has a Rep' ( rep's can get incentive or bonuses from the appraiser's assignment order-acceptance within a time-frame and good outcome-performance) and if you are lucky you may get a "Professional Representative. Otherwise, you may get a habitual Narcissistic *** that always knows more than the appraiser on "report specific appraisal related & USPAP compliances". Expect 24-7 turn times: if the service is due on Sunday, Christmas, your wedding, etc. then delivery is expected Prior or BY the timeline. *One must be very diligent in Scheduling Inspections: meaning "expectations will always come First and be first in line with the 5 day turn. (Different than 24 hours "after the inspection".)
IF you do as they say every time and are good they may ask if you want to be in the Appraiser Spotlight publication or whatever it was called. In Short: the system -unfairly can ding away at your once good rating. The scammy rating becomes the On Record proof in order to Place You in the "Not Easy to Work With" column.
Clearly By accident : received an email with Excel Grid Attachment for the entire State of appraisers. Other columns were: Fee Offer, Acceptance % of Offered Fee Amount, Willing to Travel for same fee, On Time Delivery, ... etc. && there was no Ding Column. Seems Like DINGS would have mattered. Columns were interested in How Well you played along more than Quality.

Back Decades ago I was contacted by them. Back when, the Fee was fair-enough for their SOW. Later, the company was sold. Business goal changed to Take More and more and expect more & more. Getting the foothold with the Big local area Clients and more & more pool of appraisers, perfect for their Growth and paying appraisers less.

Lesson: know when to quit. Never feel Captured, and by the above example: there will be some -body that WILL bend all the way over.
Active Spy Appraiser Among Us... more than willing: to Report AF Posts to that client : So Names have been omitted-altered but the facts are facts.

 

[Shawangunk RE]

One of the largest AMCs in the country. It will be picked up within seconds.

View attachment 78334View attachment 78335

I get those ridiculous fishing emails every damn day. I just reply with my customary fee and due date and let the chips fall where they may. The funny thing is, since I have several appraisers in my office, a day or two will go by and I will get the same email and fee sent to a different appraiser, so they are wasting days to try and hook an idiot to accept that fee.

 

[Shawangunk RE]

There's one: north-ish of NJ that has a Rate the Appraiser System. If delivered on time & perfect every time : remain in their pool of active appraisers. If even a bit late on delivery even though you communicated the issue, you get dinged. You get a "non-removable Ding" even if there were NO corrections needed and because their reviewer- system missed whatever that request was THAT was already diligently explained IN your "Original Report". Decline to remove Dings. Perhaps to instill get that rating UP pressure. Explaining so you understand rating systems...there is always a way to get rid of an appraiser. Each State has a Rep' and if you are lucky you may get a Professional. Otherwise, you may get a Narcissistic *** that always know more than "the appraiser" on appraisal related & USPAP compliances. Expect 24-7 turn times: if the service is due on Easter, Christmas, NYE, etc. then delivery is expected on that Holiday OR the report must be submitted earlier. *One must be very diligent in Scheduling Inspections: meaning "expectations will always come First and be first in line with (5 day turn) Due Dates.
IF you do as they say every time and are good they may ask if you want to be in the Appraiser Spotlight publication or whatever it was called. Declined, Twice.
Decades ago I was contacted. AND Back when, the Fee was fair-enough for their SOW. The company was sold. Business goal changed to Take More and more and expect more & more. Getting the foothold with Big area Clients and more & more appraisers, every aspect worsened.
Final strawS for me: I was provided an order to accept/decline, the SOW for HellsCargo was intense and since I had been "doing a fantastic job", I requested $25 more for Gas. Narcissistic informed me there would be no - not -ever an increase in Fee and Cancelled the order.
(Bank provided an Appraisal Fee $650. The continued Fee-to-Appraiser $350 or less). Felt informed or warned : that other appraisers were easy to Not Complain. Last example: borrower owned several rentals, all getting a refi'. Inspection I observed and reported: a rotted, excessively leaning wood-post carport was beyond Total Life expectancy and had kids toys within the perimeter. 1920 dwelling with peeling paint chips on the floor & walls and the baby crawling amongst the chips. Impressive piles of coon scat. Stench in a bedroom so unbreathable the tenants didn't use & had to keep the door closed. Large areas of a black furry substance on the walls. ETC, etc. etc. An "as is" report now due in 4 days. Met the turn-time but I did not provide an "as is" report: many reasons, a couple were: several city code violations, did not want to mislead any aspect of the situation. AND Not my area to guess-ta-mate the long list of on-going "as is" conditions. The manager for the investor owner arrived very late but in tongues I could understand blamed and threatened the Foreign Speaking tenant for the conditions of the property and Just FOR my ears. So I said "understood and having the lease, this is their second month residing in this... what would you call it, Sir?" Ended up being a Really really Big Ding-Dong for the requests & requests to change the report. I decided : See Ya' never.
Lesson: know when to quit. Never feel Captured.
Active Spy's Among Us willing to Report AF Posts: So Names have been omitted-altered but the facts are facts.

Hmm, that sounds familiar to a horrible experience I had with Fasullo Appraisals. Initial email response was our customary fee and a 3 business day turn time after inspection. They needed the report back by a Monday at 2pm (specific much??). Well I said I cannot guarantee that delivery date and time, as it would of course depend on the inspection date (house not vacant). Long story short, got the assignment, inspection was set for Thursday, which would make the monday due date doable. Starting Friday morning I was getting irate emails wanting the report. It devolved from there, with the owner of Fasullo telling me they have a 24 hour turn time! WTH.

 

[shrubberyvaluation]

There's one: north-ish of NJ that has a Rate the Appraiser System. If delivered on time & perfect every time : remain in their pool of active appraisers. If even a bit late on delivery even though you communicated the issue, you get dinged. You get a "non-removable Ding" even if there were NO corrections needed and because their reviewer- system missed whatever that request was THAT was already diligently explained IN your "Original Report". Decline to remove Dings. Perhaps to instill get that rating UP pressure. Explaining so you understand rating systems...there is always a way to get rid of an appraiser. Each State has a Rep' and if you are lucky you may get a Professional. Otherwise, you may get a Narcissistic *** that always know more than "the appraiser" on appraisal related & USPAP compliances. Expect 24-7 turn times: if the service is due on Easter, Christmas, NYE, etc. then delivery is expected on that Holiday OR the report must be submitted earlier. *One must be very diligent in Scheduling Inspections: meaning "expectations will always come First and be first in line with (5 day turn) Due Dates.
IF you do as they say every time and are good they may ask if you want to be in the Appraiser Spotlight publication or whatever it was called. Declined, Twice.
Decades ago I was contacted. AND Back when, the Fee was fair-enough for their SOW. The company was sold. Business goal changed to Take More and more and expect more & more. Getting the foothold with Big area Clients and more & more appraisers, every aspect worsened.
Final strawS for me: I was provided an order to accept/decline, the SOW for HellsCargo was intense and since I had been "doing a fantastic job", I requested $25 more for Gas. Narcissistic informed me there would be no - not -ever an increase in Fee and Cancelled the order.
(Bank provided an Appraisal Fee $650. The continued Fee-to-Appraiser $350 or less). Felt informed or warned : that other appraisers were easy to Not Complain. Last example: borrower owned several rentals, all getting a refi'. Inspection I observed and reported: a rotted, excessively leaning wood-post carport was beyond Total Life expectancy and had kids toys within the perimeter. 1920 dwelling with peeling paint chips on the floor & walls and the baby crawling amongst the chips. Impressive piles of coon scat. Stench in a bedroom so unbreathable the tenants didn't use & had to keep the door closed. Large areas of a black furry substance on the walls. ETC, etc. etc. An "as is" report now due in 4 days. Met the turn-time but I did not provide an "as is" report: many reasons, a couple were: several city code violations, did not want to mislead any aspect of the situation. AND Not my area to guess-ta-mate the long list of on-going "as is" conditions. The manager for the investor owner arrived very late but in tongues I could understand blamed and threatened the Foreign Speaking tenant for the conditions of the property and Just FOR my ears. So I said "understood and having the lease, this is their second month residing in this... what would you call it, Sir?" Ended up being a Really really Big Ding-Dong for the requests & requests to change the report. I decided : See Ya' never.
Lesson: know when to quit. Never feel Captured.
Active Spy's Among Us willing to Report AF Posts: So Names have been omitted-altered but the facts are facts.

I only work for one AMC so I don't know how they all work. I used to look at their rating system but now I ignore it. Didn't have a perfect score for getting reports in on time despite never having one late. Marked down for not giving constant update ( I do update and even if there was a 5-10% chance the report could be late I'd let them know there is a small possibility) . Its like, I haven't got a report in late ever in the years I've been working for you, chill out.

I remember hearing one AMC about 5 years ago sent out a holiday announcement that was basically telling their panel to get their appraisals in faster and with less errors rather than wishing them well for the holidays. Not sure if it was Sold Ifi as I heard 2nd hand.

 

[ramrcdk]

I get those ridiculous fishing emails every damn day. I just reply with my customary fee and due date and let the chips fall where they may. The funny thing is, since I have several appraisers in my office, a day or two will go by and I will get the same email and fee sent to a different appraiser, so they are wasting days to try and hook an idiot to accept that fee.

"""" By perfect example: Hence tagged as ... The Appraisal Shortage (FAKE) NEWS... which is in reality
...a Shortage of Appraisers WHO refuse to work for pennies (considering the AMC SOW and their Fee Split ):

What are examples of Working Harder Year after Year for LOWER and lower wages? Hummmm

 

[shrubberyvaluation]

Hmm, that sounds familiar to a horrible experience I had with Fasullo Appraisals. Initial email response was our customary fee and a 3 business day turn time after inspection. They needed the report back by a Monday at 2pm (specific much??). Well I said I cannot guarantee that delivery date and time, as it would of course depend on the inspection date (house not vacant). Long story short, got the assignment, inspection was set for Thursday, which would make the monday due date doable. Starting Friday morning I was getting irate emails wanting the report. It devolved from there, with the owner of Fasullo telling me they have a 24 hour turn time! WTH.

I think some will lie about their inspection date to comply with the 24 hour turn time after inspection. I never would do that. Sounds like a crappy lender I would tell others never to use. Lenders might not think its not a big deal, but I tell people about lenders that are digging for the lowest quality appraiser who will slam it out in an hour. I think its a good idea to inform people. People don't buy homes much and get shell shocked later in the process with a lender.

Never worked for a company that demanded 24 hr turntime after inspection, but if I did I would make sure I could deliver it 24 hours after inspection. I would have to do a lot of pre-research to make sure I can deliver on it. I would also have to delay the inspection even if I were next door the same day I get the order. So I might schedule it out a week or 2 instead, and I'd have to charge more because I'd have to do more pre-research not knowing what the property will be like exactly. Oh yes and a fee for my pre-research if if they cancel.

Another lender might get it 24 hours or 48 hours after inspection and get the report sooner, but I would respect the lender's SOW if they demanded it 24 hours after inspection if they paid me enough to delay the inspection to a time I'm less busy and do the extra pre research.

 

[chad hampton]

Appraisals need to get back to being local.

 

[shrubberyvaluation]

Appraisals need to get back to being local.

Appraisal I'm going to soon I can walk to, maybe even faster than driving. I do see the trend going the other way. "Appraisers" licensed in a dozen states cranking out Hybrids.