• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Voice Of Appraisal

Status
Not open for further replies.

gregb

Elite Member
Joined
Sep 3, 2011
Professional Status
Certified General Appraiser
State
California
Jonathan Miller guest hosts-

 

A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
How many appraisers does Miller Samuel have? That guy should have a firm of 200+ NYC appraisers.
 

Jonathan Miller

Freshman Member
Joined
Jul 22, 2008
Professional Status
Certified General Appraiser
State
New York
How many appraisers does Miller Samuel have? That guy should have a firm of 200+ NYC appraisers.
Nah, we have 20 employees and 2/3 are salaried appraisers. No fee appraisers on staff. A growing part of our practice has been market research Don't have any desire to create a huge appraisal shop - tried that in the 1980s and pulled back. Too hard to keep quality under control - and with my staff working with me an average of 18 years, I can keep my sanity and quality of life high.
 

A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
Nah, we have 20 employees and 2/3 are salaried appraisers. No fee appraisers on staff. A growing part of our practice has been market research Don't have any desire to create a huge appraisal shop - tried that in the 1980s and pulled back. Too hard to keep quality under control - and with my staff working with me an average of 18 years, I can keep my sanity and quality of life high.

I think your model is great. Are the appraisers all working in the office? Or do they work at home but get paid salary?
 

Jonathan Miller

Freshman Member
Joined
Jul 22, 2008
Professional Status
Certified General Appraiser
State
New York
I think your model is great. Are the appraisers all working in the office? Or do they work at home but get paid salary?
Thanks Joe. We have enough desks for them at the office but frankly, our office always has empty seats at some point as some work at home more than others. We do want staff to be in the office periodically during the week for mentoring. It has worked well for us over the past 31 years but it may not work for others. There is greater risk placed on ownership given the salaries/benefits so we have to be very aware of where our clients are heading. I remember in 2005 I knew we would go under in 3 years if we didn't steer away from retail bank work and mortgage brokers. We inverted our client base emphasis to non-bank which paid much better but was harder to get and have set a record nearly every year since 2008 without much of an increase in appraisal volume. The AMC model is broken and will eventually die or become a much smaller part of the lending business as lenders slowly figure it out, but I can't wait that long. ;)
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks