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>> See Past News Editions >> Click to Print>>Upcoming Webinar What to Do When the State Comes Calling Presenter: Tim Andersen, MAI Date: June 5, 10-11 a.m. PDT Learn how to protect your license and your livelihood with this live webinar! >> Slow? Get Busy: Work directly with clients, bypass AMCs, get paid full-fees and…
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Everything changed for appraisers with HVCC in May, 2009. In July 2010, Dodd-Frank was passed, codifying the concept of Customary and Reasonable Fees, though it was later “neutered” by the Interim Final Rule which followed about three months later.
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Just like an AMC has a responsibility to ensure that an appraiser is licensed or certified, in certain states, appraisers also have a responsibility to ensure that the AMC is appropriately registered/licensed to do business in that state.
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Very few appraisers are able to obtain solid proof that a lender or AMC is retaliating against them for not “meeting value,” but instead are left only with an uneasy feeling that the sudden drop in orders is an unspoken backlash.
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No one needs to tell appraisers about pressure. Despite recent regulatory changes, such as Dodd-Frank, appraisers still face pressure every day. Instead of rabid mortgage brokers, like days gone by, today there is a new source of heartburn for appraisers: real estate agents.
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Even a seasoned appraiser has to get back to basics. Every appraisal assignment begins with understanding what is considered the appraisal problem.
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If you’re an appraiser who is on the constant lookout for ways to save time and money, then keep reading: making a conversion to a “paperless” or “more paperless” office will be of interest.
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Call it what you will, AQM is a “do not use” list for appraisers. Now, isn’t that a kick in the pants? (For more details and to view a AQM FAQs,please click here).
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The following Q&A follows the Working RE/OREP webinar Top 5 Questions Asked of Appraisers and How to Answer, presented by Richard Hagar, SRA. Find the recorded webinar at WorkingRE.com/Resources/Webinars.
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The trend among users and providers is to have the appraiser focus on their “critical thinking” time. So just how much time is involved in an appraisal and how many decisions does an appraiser have to make?
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