Readers Respond Customary and Reasonable Fees I do not understand how the AMC can take their fee out of my normal fee. I used to charge $400-$450 and now make $200-$250 and cannot afford to live. Why did I have to take a 40-50 percent pay cut? I am forced to work for the AMC…
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Readers Respond AMCs/Customary and Reasonable Fees WRE has received many hundreds if not thousands of comments from appraisers posted to its surveys and blogs, with many also emailing us directly discussing AMCs, customary and reasonable fees and the state of the industry. These are representative of many. – Editor This AMC is complaining about a…
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Readers Respond Customary and Reasonable Fees In the last 10 days I’ve been approached by no less than three new AMCs with orders they had for me. All three of them were readily willing to pay be $315 which, while still below the $400+ full fee for my market, is a positive development. Even more…
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Readers Respond Choosing Comps I have been fortunate to be an appraiser for 21 years. I still like being an appraiser. Judging from your articles you do also. First I want to thank you for your articles in Working RE. I find them helpful. So today I need a little help. I am fighting with an underwriter regarding…
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Readers Respond Fighting Your Way off Blacklist After reading your article, I am in the process of trying to make the same complaint to see if it gets me anywhere. They (very large bank) don’t give you a chance to rebut or even threaten you. They simply send you a letter stating you have been placed…
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Readers Respond How Well Do You Know Your Rights Very informative article. In addition to keeping a copy of any request for changes or alterations in file, I also copy and paste their request directly into my report. This has made some Underwriters very uncomfortable and requests for changes have dropped dramatically. Lender’s Choice: Violate…
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Report and Analysis: Readers Respond (Read Article) What Appraisers Say >> “Mr. Kantorovich (quoted in the first story) is accurate in his assessment of the Cuomo deal. Pressure on appraisers will not be eliminated but shifted from the brokers to the AMCs. Quality will suffer further as AMCs require an eight-hour turnaround time and they preset…
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Readers Respond AMC Fails, Appraisers Stiffed Push your state’s licensing board to adopt North Carolina’s system which states that an AMC that doesn’t pay for the appraisal within 30 days of the report being submitted (not addendums or requests for more comps), risks losing their N.C. registration. – posted to OREP/WRE Appraiser Talkback Blog This…
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