IMHO-In Mike's Humble Opinion

April 22nd, 2011 2:42 PM

A few not so deep thoughts:

1)Do you think Andrew Cuomo intended to have real estate brokers/agents valuing properties to the extent that they are when the Home Valuation Code of Conduct was passed.....................

2)One good by-product of the movement to Appraisal Management Companies within our industry is that our profession is now becoming more performance driven than resume driven.............

3)One very bad by-product of the movement to Appraisal Management Companies within our industry is that appraisers are working much more and getting paid much less.........................

4)Hard to bame the AMC's though.  They are just trying to make a profit like any other company...........................

5)Expect a shortage of real estate appraisers in the not too distant future.  Appraisers are expected to obtain more education and to do more work while getting paid less.  As a result, it is getting much harder to afford to stay in the industry.  Further, with the new lender guidelines it is next to impossible to do real estate appraiser trainee work.  As a result, appraisers are leaving and appraisers are not entering..............

 

Cheers!

Mike Thompson
DEC Appraisal Services  

 


Posted by Doug Cesky on April 22nd, 2011 2:42 PMPost a Comment (0)

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