Appraiser Independence

Reduce Headaches: Customer Satisfaction Survey

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… Read More

Appraiser Independence Survey Results Comments

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Surveys/Results

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… Read More

Appraiser Wins “AMC-Agent” Judgment Against One-West Bank

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… Read More

Why I’m Leaving Residential Appraising

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Premium Content

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… Read More

Appraiser Wins AMC-Agent Judgment Against One-West Bank

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… Read More

Checkbox Chimps and Review Appraisals

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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… Read More

Survey Results: Relocation Appraisals Trending Up

Survey Results: Relocation Appraisals Trending Up by Tina Lung, Vice President of Operations and Technology Worldwide ERC® According to a recent study and market trends reported by appraisers nationwide, now is a good time to move into relocation appraising. Appraisers coast to coast are reporting increased demand for relocation appraisals, which they attribute to higher… Read More