Editor’s Note: This story is one in a three-part series: Pressure: Dealing with It; Comp Checks: Learning to Live Without You and Getting Full Fees. Find more at www.workingre.com. Comp Checks: Learning to Live Without You According to most appraisers, the only way to “move on” when it comes to comp checks is to make...…
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Editor’s Note: We received a number of comments on last issue’s cover story: How to Make Six Figures Appraising. One of the most “colorful” leads to this follow-up story (see Readers Respond). The comments were submitted by a fairly seasoned appraiser (four plus years) who is incredulous that anyone would pay a trainee six figures (who...…
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– “Absolutely first-rate SCOPE book.” – Leroy Michael Eide, CCIM – “I compliment you on an exemplary product.” – Red Blumenstock Editor’s Note: If you’re like Leory Eide or Red Blumenstock (quoted above) or one of the over 13,000 other appraisers who enjoyed a free download of Appraising in the New Millennium: Due Diligence and...…
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Reduce Headaches: Customer Satisfaction Survey by Nick Gromicko, Founder of NACHI NACHI’s Customer Satisfaction Survey hits seven birds with one stone. 1. It limits your liability. Often, a client who is dissatisfied will describe your services to his/her agent/Realtor (or worse, a judge) much differently than the truth. Procuring and maintaining a copy of this survey will bring them back...…
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Below are comments from the appraiser independence survey, all comments are anonymous. >> Nothing has changed. When you don’t appraise per the contract value, even the AMC’s throw you under the bus without regard to USPAP. They seem to feel everyone in the process is an end-user, even the seller & their agents. >> Fees…
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Appraiser Wins “AMC-Agent” Judgment Against One-West Bank by Isaac Peck, Associate Editor The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case. Over 10,000 real estate appraisers and agent/brokers were left unpaid by…
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Editor’s Note: E.J. Frank discusses techniques to make us better business people by being happier and less stressed. Better Appraising from the Inside Out by E.J. Frank There is good news and I want to share it with you. It’s not like any of us need to be reminded of the multitude of changes from…
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Getting Out: Why I’m Leaving Residential Appraising A sometime contributor to WRE, appraiser Mike Read, sends us this letter: I used to love appraising. Long before there was any appraiser regulation my clients came to me for valuation opinions because of my years of experience in real estate and their recognition of my accurate and...…
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The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case.
Over 10,000 real estate appraisers and agent/brokers were left unpaid by ESA, an Appraisal Management Company (AMC) that procured valuation reports on behalf of…
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Appraisers are coining a new term for certain appraisal management company (AMC) staff - “Checkbox Chimps.” These are the personnel who are “reviewing” appraisals, and no matter how solid they may be, are instructing appraisers to change their reports.
Are they really providing an “appraisal review” or are they just checking boxes on a form?
Are…
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