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Frivolous State Board complaints are a quiet crisis in the appraisal profession. Here is an overview of the issue and one state’s attempt at making the process more fair.
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>> See Past News Editions >> Click to Print>>Upcoming Webinar What to Do When the State Comes Calling Presenter: Tim Andersen, MAI Date: June 5, 10-11 a.m. PDT Learn how to protect your license and your livelihood with this live webinar! >> Slow? Get Busy: Work directly with clients, bypass AMCs, get paid full-fees and…
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Everything changed for appraisers with HVCC in May, 2009. In July 2010, Dodd-Frank was passed, codifying the concept of Customary and Reasonable Fees, though it was later “neutered” by the Interim Final Rule which followed about three months later.
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Just like an AMC has a responsibility to ensure that an appraiser is licensed or certified, in certain states, appraisers also have a responsibility to ensure that the AMC is appropriately registered/licensed to do business in that state.
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Very few appraisers are able to obtain solid proof that a lender or AMC is retaliating against them for not “meeting value,” but instead are left only with an uneasy feeling that the sudden drop in orders is an unspoken backlash.
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No one needs to tell appraisers about pressure. Despite recent regulatory changes, such as Dodd-Frank, appraisers still face pressure every day. Instead of rabid mortgage brokers, like days gone by, today there is a new source of heartburn for appraisers: real estate agents.
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Even a seasoned appraiser has to get back to basics. Every appraisal assignment begins with understanding what is considered the appraisal problem.
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If you’re an appraiser who is on the constant lookout for ways to save time and money, then keep reading: making a conversion to a “paperless” or “more paperless” office will be of interest.
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Call it what you will, AQM is a “do not use” list for appraisers. Now, isn’t that a kick in the pants? (For more details and to view a AQM FAQs,please click here).
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The following Q&A follows the Working RE/OREP webinar Top 5 Questions Asked of Appraisers and How to Answer, presented by Richard Hagar, SRA. Find the recorded webinar at WorkingRE.com/Resources/Webinars.
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