Industry News HVCC Update Appraiser Talkback Blog and Survey: Only 4 percent (4%) of survey takers so far say they “never” experience unrealistic time pressure from AMCs, (“given the scope of the assignment”). To the follow-up question: “Does the time pressure result in a product that is less reliable for the end user, compared to…
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Do we all agree that 2009 has been a challenging year so far for home inspectors? Most home inspectors I have talked to have found that work levels and incomes continue to decline. During a recent ASHI Mid-Atlantic Chapter’s monthly “Candidate Education Hour,” which I moderated, we explored in depth what services some members…
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Making money through knowledge – this is how appraiser Jeff Patterson sees his future. Patterson, in the real estate industry 30 years, is broadening his practice to include energy audits- using specific protocols to show homeowners how to save money on their energy bills and lower their carbon footprint.
Patterson sees this growing area as a…
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The good news for appraisers is that while you weather the current economy you can position yourself to be a highly qualified and credentialed “green” appraiser without significant capital or time expenditures. The result is a competitive advantage, compliance with USPAP’s Competency Rule and new sources of work.
Many of you remember the excesses that characterized…
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May, 2009 - This article, first published in 2007, seems more important today than ever. In my opinion, artificially low appraisal fees are the number one threat to the appraisal industry today. The HVCC has ushered in additional concerns about fees in our industry. Oddly, most of the blame for low fees lies with appraisers,…
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Editor’s Note: In this installment of Valuation Issues and Answers, John Lifflander, ASA discusses how to avoid problems in the new world of bailouts, tax credits and, as he points out, business as usual. Liability Landmines– Appraisers Beware By John Lifflander, ASA The current economic crisis was largely precipitated by loose credit and loose lending...…
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In order to continue in this profession with a decent income, residential appraisers have to begin looking for additional clients outside of the lending industry.
Non-lending clients are attorneys, accountants, agents, homeowners and insurance companies (for insurable value), among others. Attorneys need appraisals for marital assets for divorces; accountants need appraisals for estate purposes (retrospective market…
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Editor’s Note: Appraiser Bryan Reynolds shows you one way to stand out from the pack in the minds of your clients: by sharpening your professional skills and thinking outside the checkbox. Thinking Outside the Check Box by Bryan S. Reynolds, AQB Certified USPAP Instructor Appraisers have had blinders on for way too long. It is time...…
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Reaction to the Home Valuation Code of Conduct (HVCC) and appraiser management companies (AMC) can be summarized as follows, according to the Appraiser Talkback Blog and Survey:
Appraiser selection by AMCs is mostly based on the lowest bid and not on quality or competency, and the fees, generally, are not adequate to keep many appraisers in…
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Readers Respond Editor’s Note: We’ve received hundreds of comments since last issue including those posted on the OREP/Working RE Talkback Blog. We reprint only a representative few here. To find more, visit WorkingRE.com and click Appraiser Talkback Blog under the Blogs tab. In addition, over 500 appraisers left comments after taking our survey, a few…
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