Real Estate Appraiser Helper

Every day in the real estate appraisal industry someone asks us to compromise our integrity by breaking or bending the law, no matter how small infraction this may be. It is being done quite frequently as mortgage companies and loan officers pressure and use scare tactics to get what they want.

Why do they get away with doing this? They have the power to influence the situation or circumstances favorably in their direction as they are ultimately responsible for the amount of business you receive as they are a paying client and could affect your financial status negatively.

But what if they were not your client and you didn’t depend on them? What a perfect world that would be…right! No more loan officers stressing you out, reduce call volume, and lessen the stressful pressure. Also you would no longer have to comprise your integrity. In turn you could run a legitimate appraisal company whose main purpose should be to maintain public trust.

Taking it Back

It is my suggestion that we take back control of the Real Estate Appraisal industry now why the market is slow and could be at its weakest point. This would entail the elimination of pre determination’s of value or as we like to call them “comps checks” which by the way are against USPAP guidelines, However getting all the Appraiser’s to follow the rules may be a little bit of a stretch imagination as this industry has a lot of professional criminals .

How do we take control of the Appraisal Industry? We have to police ourselves as Appraiser’s and make sure that were not compromising overall standards and USPAP guidelines, then we have to change our client relationships from Lender -Appraiser Relationships to Appraiser-Home Owner relationships, and this is how we do that.

We have to lower appraisal prices to more reasonable rates to attract more home owners as clients; the theory behind this would basically be to start monthly membership plans for every home owner in your immediate area. Think about how many homes are located in your immediate area? That’s right a lot!

Memberships

How you market the membership programs are up to you, whether you knock door to door, advertise through internet, fliers, mailers, commercials or start a sales team it’s up to you. All I know is if you build a large client data base of memberships and are collecting memberships fees every month your no longer dependent upon Lender’s or Mortgage companies for income and are free to practice Real Estate Appraising with your integrity intact while maintain high levels of public trust.

Membership programs have so many good qualities to them, think about it! No tacking on additional miles while you struggle though traffic to get to your next appointment which is located 2 counties away, No more comp checks, no more stressful phone calls from Lender’s or Mortgage companies pressuring you into doing something unethical, no more waiting for the orders to come in every month and no more having to worry about a bubble bursting (it has already happen).

Hopefully I helped shed some light on a way to make money in the Real Estate Appraisal industry without being dependent upon lenders, mortgage companies, or current market conditions. They just don’t matter and they should not are many negative aspects are intertwined into each one. So make yourself responsible for the amount of work you do and keep your standards intact.