Unemployment rate for appraisers

[Riick]

They cannot manage appraisers if they do not have any!

Good answer, who would the go to to get reports done?????

I suggested to 'doc that his AMC should cut out the middleman and produce those appraisals themselves,
after all, they know what should be in them - from right check boxes checked, to the right comps, straight from a real real-tor.

Hope they start doin' that real soon, it will kil them that much faster;
remember, "The only GOOD AMC is a DEAD AMC"

.

 

[Roy Courtney]

I suggested to 'doc that his AMC should cut out the middleman and produce those appraisals themselves,
after all, they know what should be in them - from right check boxes checked, to the right comps, straight from a real real-tor.

Hope they start doin' that real soon, it will kil them that much faster;
remember, "The only GOOD AMC is a DEAD AMC"

.

This UAD is a problem for the AMCs. They find errors and send the appraisals back for corrections. Now why should an AMC PROFESSIONAL APPRAISAL STAFF have to suffer all of these errors? See, in all fairness the AMCs should charge the appraiser about $25.00 per error up to the total amount of the agreed fee. The AMC will not have to suffer and it is only right that the pitiful appraiser pay for the error! Hey Doc, just think how much more money you parasites can skim with this angle!:icon_mrgreen: If the AMC can keep on taking from the appraiser even the worst appraiser will find a better client! That time has come! Git "R" Done!

 

[matt381]

You've been awfully quiet lately Webbed...

I predict that the gov will be forced to do so and probably by allowing any RE broker who will take a specified block of classes to "fast track" licensing or even create a special "Broker-Appraiser" who will take on the function of an appraiser... no more proven vetted experience log, no more mentoring. The broker will go straight to GO and hop the JAIL part. Welcome to the new NAR Monopoly Game...where the NAR once again dominates, if not owns, the appraisal world.

I was at a seminar over for the UAD in Indy this summer that was taught by Mark Ratterman. He actually said that there is talk about the requirements for appraisers "tightening up." He said at least a four year degree and even stated that eventually it may be similar to becoming an attorney.....not my words just relaying.

 

[Terrel L. Shields]

there is talk about the requirements for appraisers "tightening up

yes, a given that a degree will be required 2015 but what knucklehead bright enough to get a degree could be so stupid as to pay for a job with this much liability and such limited pay? There are going to be few and far between takers.

The real issue is how long before you have to have a degree IN REAL ESTATE and or appraisal...since these don't really exist in great abundance, the schools will be created. Therefore, folks with outside experience needed to appraise specialty property (farms, minerals, timber, etc.) will be excluded so you get right back to an issue of competence. There are a host of appraisers who hire a forester to value timber and don't know a doyle rule from a prism..and hold themselves out to be "expert" in valuing timberland.
I got hauled over the coals by a forumite last year who claimed I didn't teach him much about mineral appraising 'cause he did it using such and such as a basis...great -totally wrong but great, go for it. The boards wouldn't know a good mineral appraisal from a dart board, so who's gonna catch the error? But a couple of my students have realized that minerals are a lot more complex than that and have went on to industry schools for advanced training...they realize that many disciplines of "appraising" fall "outside the box" of the fannie mae forms.

If you don't pay 'em any better than the average appraiser is getting now, you will have to DROP the requirements or face an incredible shortage.....or as I speculated, you will have to let brokers resume the role they held years ago as appraisers. I think the NAR is all for that and I think the banks are all for that (it's cheaper) and I think the feds will be backed into a corner when the appraisers list falls below 30,000..which I suspect it will by the end of this decade and that reduction will fall heaviest upon the Cert generals because on average, we are the oldest. You may be able to work until you are 80 but sooner or later we all return to room temperature.

 

[Mike37]

In my market the appraisers will still do anything to keep the lender happy. After all it is a pain to answer the requests for revisions. AMC delays in processing mean that the appraisal will never go away. In my opinion an AMC can be found to operate however a lender would like.

What's odd is that there are only14 of us and as a group we control all of the comps. We can really call the shots but they won't join together. They are all too competitive by nature and from years of practice kissing...

 

[normando]

Earlier in the year there were fewer olders, also rates were high.
Now there is so much work that I'm only doing appraisals near my home.
I turn down many orders because it's far. I'm so lazy now that I'm doing only 1/day.
Lenders are calling me asking for fee quotes but I don't even bother.
I don't want to work so hard ...maybe it's the holidays.