volume 26

Professional Marketplace

Category :

WRE Issues

Professional Marketplace Insurance, Education, Information Workers comp, auto, general liability/property and umbrella coverages are now available to you from CNA Insurance and OREP in addition to errors and omissions insurance. Competitive rates and quick, efficient online quoting are available nationwide for appraisers, agents/brokers and certain other professions. Please call or email OREP.org for a free… Read More

Industry News

Category :

WRE Issues

Industry News FDIC: Help Wanted According to appraiser Thomas J. Inserra, MBA, MAI, SRA appraisers are adapting their practice to different markets and customers rather than lender loan origination work only and there is great opportunity if you know where to look. Speaking at the Valuation 2010 Expo, Inserra said appraisers can find abundant work,… Read More

Non-Permitted Buildings

A common issue in residential appraising is construction which has not been issued an appropriate building permit by the jurisdictional authority. Here’s how to handle this sometimes difficult situation. Examples of this issue include: additions and detached guesthouses; and garages that have been modified for use as a living area. One needs only to peruse online… Read More

Decoding Customary and Reasonable Fees

Congress, recognizing that quality reports are dependent on paying appraisers “fairly,” wrote a customary and reasonable fee provision into Dodd-Frank, and going further, stipulated that any independent studies to determine such fees should specifically not take into consideration fees paid by appraisal management companies (AMCs), suggesting their acknowledgment that AMC fees are artificially low. The Interim… Read More

Readers Respond

Category :

WRE Issues

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… Read More

From the Publisher

Category :

WRE Issues

Magic Johnson Said That I’m a little amazed at how fast the last 10 years have flown: 2011 marks year 10 for Working RE Magazine and OREP.org. Thank you. In this time, here’s what I’ve learned about business: put the customer first; do what you say and say what you do; under promise and over… Read More