|Seasoned appraiser Philip G. Spool discusses the differences between working for AMCs and lenders compared to working for non-lenders.
Editor’s Note: The current edition of Working RE is in the mail. OREP E&O insureds enjoy it free!
Transitioning Into Non-Lender Work
By Phil Spool, ASA
I am fortunate that all of my appraisal work is for non-lenders. I gave up assignments for lenders around 10 years ago and have never looked back. I would say the bulk of my appraisal assignments are from sellers, buyers, Realtors®, attorneys (usually for litigation) and accountants (usually for estate planning).