More evidence the appraiser profession is dying a slow death

By
Real Estate Appraiser with Appraisal House Texas

Well, in addition to the knife in the back that the HVCC has been for appraisers, we now have a new competitor to contend with.  Apparently now anyone can be an appraiser, according to Equity National.  I received this email today from Valuation Review.

http://www.valuationreview.com/ME2/Audiences/dirmod.asp?sid=270E8EBA5AF64172B917EBD588EDB85A&nm=&type=news&mod=News&mid=5F249E552B2C49509BC41751816632F3&tier=3&nid=0E517FDDC8CA4ECA8CC9969BC6C52AE9&AudID=F0F48C5C19CB47B3A675FD6074A3CB8A&utm_source=vwVRget&utm_medium=email&utm_campaign=VR_Tues_Enews

Basically, Equity National has an AVM that includes data gathered by "a mix of professionals with mathematical quantitative statistical background" (which I can only assume means those not able to be hired at Burger King) that will go out and view properties and take notes to enhance the AVM data.

And you all thought $200 appraisal fees were a slap in the face!  "Hello, we have a new assignment for you.  Please drive 30 minutes roundtrip, measure the house, take photos and notes for 45 minutes, upload the information to our website, and you will be paid $25 in 60-90 days."

 

 

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Comments 4 New Comment

Rainer
171,739
Jack Hughes
Hughes Appraisal Group Inc. HUD/FHA Approved)

Are you kidding me ? I can not believe how our industry with all the educational requirements, continuuing education, certifications and USPAP that the Government steps on us like Bugs and rewards the very people that committed fraud. Of course I guess if you're getting large political contributions for Real Estate Lobbyist the appraiser doesn't have a prayer.

February 11, 2010 10:12 AM
Rainer
184,895
Jesse Skolkin
Independent New York State Certified Real Estate Appraiser

Anyone who lends money or sells properties based upon that useless data will get just what they deserve.  They'll save a couple of hundred dollars and end up losing thousands, if not hundreds of thousands.

February 11, 2010 11:01 AM
Rainer
20,992
Mike Lay
Appraisal House Texas

Jesse,

You would think so, but check out this one:  http://activerain.com/blogsview/1486741/conspiracy-theory-at-work

 

February 11, 2010 11:06 AM
Rainmaker
95,687
Rick Phillips
I care about you and your transaction.
Keller Williams Realty Alexandria - Old Town

The old addage still rings true: "You get what you pay for.."

April 12, 2010 08:21 AM
Rainer
20,992

Mike Lay

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