Appraiser Income

31st January 2011

Entire Letter from ASA, AI, Etc. Interim Final Rule December 27, 2010

December 27, 2010

Jennifer J. Johnson
Secretary

Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551

Re: Docket No. R-1394 and RIN No. AD-7100-56

Thank you for the opportunity to comment on the Interim Final Rule (IFR) amending Regulation Z (Truth in Lending) and the matters of appraiser independence and customary and reasonable fees to appraisers. In reviewing the rule it is clear that the Federal Reserve spent considerable time in preparation of the IFR. The agency is to be commended for its hard work, especially for meeting a very strict and difficult deadline and given other agency resource constraints.

…continue reading the rest of this post: Entire Letter from ASA, AI, Etc. Interim Final Rule December 27, 2010

posted in Dodd-Frank C&R Topics | 2 Comments

28th January 2011

The Appraisal Fee Reference™ by a la mode

Now this is one amazing fee report. Hopefully this is enough to signify what is median and average fees as observed between clients and independent fee appraisers when specifying the Uniform Residential Appraisal Report, or URAR. It provides statistical data on hundreds of thousands of URAR transactions at the national, regional, and state levels, covering all 3,221 counties and local administrative districts in the fifty United States, the District of Columbia, Puerto Rico, and Guam.

Download the complete fee reference below:

…continue reading the rest of this post: The Appraisal Fee Reference™ by a la mode

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27th January 2011

ASA, NAIFA, AI, ASFMRA File Comments with Federal Reserve to Seek Critical Change Regarding Customary and Reasonable Fees

On December 27, the American Society of Appraisers, together with the National Association of Independent Fee Appraisers (NAIFA), the Appraisal Institute (AI) and the American Society of Farm Managers and Rural Appraisers (ASFMRA), filed reply comments with the Federal Reserve regarding its proposed Appraiser Independence Interim Final Regulations.

Of utmost importance to ASA and our partners was concern over the potential for “the consideration of fees paid by AMCs when adhering to the first presumption of compliance with the customary and reasonable fee regulations,” which uses a series of factors in determining whether the fee paid to an appraiser is appropriate under the law and regulations. This concern arose from commentary provided by the Fed in its Interim Rule which stated that determining whether an appraisal fee is customary and reasonable, “does not require that a creditor use third-party information that excludes appraisals ordered by AMCs.”

…continue reading the rest of this post: ASA, NAIFA, AI, ASFMRA File Comments with Federal Reserve to Seek Critical Change Regarding Customary and Reasonable Fees

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26th January 2011

The Busy Appraiser Podcast #4 – DataMaster

In this episode I talk about a super time saving piece of software that I have been using. It has been about a month and I am loving it! It cuts a ton of time off my appraisal report typing by putting in all my subject and comparable information as well as helping to complete the 1004MC and REO Addendum.

There are so many ways to customize DataMaster to fill out your appraisal reports. You can read all about it at http://datamasterusa.com/. There is a free trial, so make sure you sign up and at least give it a try.

…continue reading the rest of this post: The Busy Appraiser Podcast #4 – DataMaster

Podcast: Play in new window | Download

posted in Podcasts, The Busy Appraiser Podcast | 3 Comments

21st January 2011

My Article Published in LiveValuation Magazine

I got published in a magazine! LiveValuation magazine had me as a contributor for this months issue! I wrote an article for appraisers and home inspectors on internet marketing.

The article starts on page 18, check it out!

http://issuu.com/livevalmag/docs/lvm_decjan?mode=embed&layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Flight%2Flayout.xml

Enjoy and have a great day!

posted in Appraiser Marketing | 0 Comments

12th January 2011

Appraisal Management Company Questions

Wow, it has been a really slow month so far, but I am still getting quite a bit of requests per week for appraisal assignments and I am completing between 5-10 reports a week. My market is fairly big with over 1M in the city of San Diego and over 3M county wide.

Things should start picking up and be going full force by March according to the top appraisal management companies.

…continue reading the rest of this post: Appraisal Management Company Questions

posted in Appraisal Management Companies | 0 Comments

10th January 2011

It Begins With a House Appraiser – How to Sell Your Home

Even though the housing market hasn’t yet fully recovered from the Great Recession, you can’t wait for the rest of your life to sell your home. Follow these steps to sell your home at a price that won’t make you cringe, so you can buy the house that fits your current needs.

1. Make Sure You Want to Go: I know what it’s like. Sometimes you just feel that it’s been long enough and now it’s time to hit the road, figuratively, of course. But remember the grass isn’t always greener on the other side, and a move is a lot of work.

…continue reading the rest of this post: It Begins With a House Appraiser – How to Sell Your Home

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10th January 2011

Real Estate Appraiser – Video Marketing As a Local Trust Agent

The two effective and successful marketing tools which are introduced in the year 2010 that the Real Estate Appraisers can enjoy the benefit of are Video Marketing and Becoming Trust Agent for Your Local Housing Market! Video Marketing has been quite effective and has shown positive results on almost all the businesses. It has created a great impact on the people. For instance, the “United Breaks Guitars” video was viewed for 6,987,422 till date. Most of the locals are searching for a reliable “Trust Agent” who will help them know about the changing housing market conditions as it is the largest part of your investments. Moreover, they find video much interesting.

…continue reading the rest of this post: Real Estate Appraiser – Video Marketing As a Local Trust Agent

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10th January 2011

Real Estate Appraiser Tips

Marketing your products and services on the internet is an effective way to promote your business. These days almost every developed and developing country has the knowledge of internet and computer. Everyone knows that internet is the best source of information, no matter what the client is searching for. The client has to just type the right keyword to get the essential and the entire information about the products and the services. If you are capable enough to fulfill their requirements, they will surely turn to you for your products and services. Here are a few tips by which the real estate appraiser can promote its services:

…continue reading the rest of this post: Real Estate Appraiser Tips

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