tag:blogger.com,1999:blog-18657167.post4410484263495404628..comments2023-12-23T17:13:08.008-05:00Comments on Appraiser Active: Florida Senate - Second Bill Introduced to Regulate Appraisal Management CompaniesFrank Gregoirehttp://www.blogger.com/profile/08603633239381290061noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18657167.post-13603327783620331652010-03-22T09:06:00.154-04:002010-03-22T09:06:00.154-04:00This Bill is not complete and nothing will change ...This Bill is not complete and nothing will change how the AMCs operate. This Bill only brings in revenue for the state and requires the AMCs to keep records. Why, when they have no responsibility for the appraisal work performed! The Banks are at a greater risk today than ever and government is doing nothing but putting together another document that has no substance. Here we go again.Steve Grosehttps://www.blogger.com/profile/04244741897688227100noreply@blogger.comtag:blogger.com,1999:blog-18657167.post-37234905942216606782010-03-22T09:03:50.865-04:002010-03-22T09:03:50.865-04:00This Bill is not complete and nothing will change ...This Bill is not complete and nothing will change how the AMCs operate. This Bill only brings in revenue for the state and requires the AMCs to keep records. Why, when they have no responsibility for the appraisal work performed! The Banks are at a greater risk today than ever and government is doing nothing but putting together another document that has no substance. Here we go again.Stevenoreply@blogger.comtag:blogger.com,1999:blog-18657167.post-45822438170156879422010-03-04T15:29:08.381-05:002010-03-04T15:29:08.381-05:00Let's just hope Florida can copy New Mexico...Let's just hope Florida can copy New Mexico's new AMC regulation. Maybe then things could get back to normal.<br /><br />New Mexico's appraisers will now be able to welcome July with no clients but some degree of hope.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18657167.post-22600495488246842152010-03-02T13:31:01.971-05:002010-03-02T13:31:01.971-05:00Welcome to Appraiser Active, Anonymous!
Why shoul...Welcome to Appraiser Active, Anonymous!<br /><br />Why should appraisers care if AMCs are regulated? Because AMCs hold themselves out as providers of valuation services. Because AMCs have an influence over the actions of appraisers, and because AMCs are currently unaccountable for their actions to anyone.<br /><br />Many of your other points may have some validity, but the full extent of the effect of proposed legislation will not be determined until it is passed, signed into law by the Governor, and the Florida Real Estate Appraisal Board has the opportunity to adopt rules to implement the law.<br /><br />The proposed legislation has nothing to do with taxes.<br /><br />Consumers will have more protection if the proposal is passed into law. At the very least, consumers will be prevented from paying for appraisals brokered through companies owned by disciplined appraisers or folks with a criminal record.<br /><br />Appraisers will also benefit from the provision that will allow them to bring suit against an AMC in Florida for unpaid services. Appraisers will no longer have to chase down an AMC to the state they operate from.<br /><br />Feel free to keep grinding your axe here. There will be no censoring of ideas.Frank Gregoirehttps://www.blogger.com/profile/08603633239381290061noreply@blogger.comtag:blogger.com,1999:blog-18657167.post-79994193786186341062010-03-02T12:44:24.093-05:002010-03-02T12:44:24.093-05:00Why do appraisers care if AMCs are regulated?
Doe...Why do appraisers care if AMCs are regulated?<br /><br />Does state regulation call for a separation of fees on the HUD-1? NO<br /><br />Does state regulation prohibit AMCs from being paid out of the appraisers pocket? NO<br /><br />Does state regulation prohit AMCs from jacking up appraisal fees by 50%? NO<br /><br />Does state regulation require AMCs to take experience into account when hiring an appraiser? NO<br /><br />Does state regulation require AMCs to give appraiser adequate time to prepare a report? NO<br /><br />Does state regulation allow for states to reclaim lost taxes to out of state AMCs? YES<br /><br />Appraisers don't waste your time trying to support something that does nothing to protect you or the consumer.Anonymousnoreply@blogger.com