WILL THE GENIE GO BACK IN THE BOTTLE!!!!!

It is the same way that banks are getting real estate agents to grovel for $40 to do a BPO. Someone agreed to it and you are right now that they have companies with appraisers that will work for that money it will be hard to turn it back.

Banks like AMCs way to much to them the disappear because the HVCC. I beleive once the HVCC does go away the only way appraisers will continue getting work is through AMCs or the banks will probable to something rediculious like add an extra point to the loan if you use your own appraiser. Too bad appraisers have 19 organizations and lawyers, brokers, plumbers, electricians and any other profiessional business only have 1. Where did appraisers go wrong?

I read that another state, I think Nebraska has a couple legislators who are on the boards of a couple banks trying to pass a bill to remove the current law that disallows agents from doing BPOs where there is not an anticipation of a loan.  They want it to read that agents can do BPOs on all loan products under $250k not covered by FIRREA.  Just while several other states are trying to get rid of such laws. Do agents realize that the pay for BPOs was typically about $60 back in the 90s?  I think that agents should stand up for themselves & demand at least $100.  The service is well worth it.  Appraisers should get together & develop a short limited drive by type APO form that can be filled out quickly & profitably for about $100.  Then maybe we could regain some of our business back. Things are what they are, I think, & will probably never be the way they were, so the best thing to do is find ways to make changes that will work for us, the lenders & agents. It would take both appraiser organizations & NAR working together to accomplish something like that, but it would benifit both appraisers & agents.  And I think since it would benifit both, you might get both to support it.  Also the requirement of some valuation courses for any agent wanting to do BPOs would be benificial too.  They would not be lic. appraisers, but maybe would have to have the training & a NAR designation of BPO agent, ot something.  They need to be accountable for their valuations too.  What do other think?