Will work for your unwanted items.

By
Real Estate Appraiser with Miller Appraisals

I just love my Google Alerts. I have several alerts based on FHA and appraisals and I just had to write about one of the articles in the alert I found. I clicked on a link that brought me to an appraiser's website who is willing to trade appraisals for people's stuff instead of cash. He was asking for guitar stuff, video games, hockey gear, tools, business services, and anything else he could use.

I can only imagine the look on his accountant's face when he gives him the list of unwanted stuff people traded for his appraisals. Everyone wants a discount, I wonder how he would work that out. Hmm, I'll do it for 4 video games, a hockey stick, and I'll drop the request for the Chia Pet collection.  Are customers going to look elsewhere in the hopes of trading less crap with another appraiser who doesn't charge as much? Is this even allowed with USPAP?

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Rainmaker
120,300
Sara Goodwin
Ashcroft & Associates - Portland, OR
Portland, Oregon Appraiser

What a great idea - USPAP doesn't have a problem with it as long as it's disclosed.  The underwriter would likely have a field day, though -

Management:

The payment of undisclosed fees, commissions, or things of value in connection with the procurement of an assignment is unethical.

Comment: Disclosure of fees, commissions, or things of value connected to the procurementof an assignment must appear in the certification and in any transmittal letter in which conclusions are stated. In groups or organizations engaged in appraisal practice, intracompany payments to employees for business development are not considered unethical. Competency, rather than financial incentives, should be the primary basis for awarding an assignment.

(I love having a pdf version of USPAP on my desktop :-) )

Sep 05, 2008 09:21 AM #1
Rainmaker
68,593
Richard D. Ferris
AmcAppraisalsinc.com - Clermont, FL
Florida State Certified (FHA) Appraiser

That is fantastic! I think my invoices would look like this:

Will work for TECH!

Sep 16, 2008 10:42 AM #2
Rainer
5,382
Kenneth Miller
Miller Appraisals - Fremont, OH
NW Ohio FHA Appraiser

Kinda of reminds me of the Visa commercials

4 - Tires slightly used     - $200

2 - Velvet Elvis Paintings - $75

1 - Kitchen Sink             - $25

An appraisal done by Skippy - Worthless!

Sep 16, 2008 11:40 PM #3
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Rainer
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Kenneth Miller

NW Ohio FHA Appraiser
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