Top 5 Reasons to Buy an Appraisal Management Company List

Inactive Realtors in Ontario have the option to join an Ontario real estate Brokerage that help you keep your license active during your inactive times.  Save on real estate board fees and all your other needless office expenses too.  Park your license with a reputable and successful license holding Brokerage and still earn high commissions on all your sales, if any and your referrals.  Commissions are paid to you ASAP!

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At this months Southern California Chapter Meeting for appraisers, an OREA representative stated that during the last year, over 5,000 appraisers have closed their doors, mostly due to lack of work.

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On average, appraisers are signed up for only 10 – 12 appraisal management companies.

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Over the last 2 years, the average appraiser has lost over half of his income due to the new HVCC rules.

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Most appraisers don’t know where to find or how to look for AMC’s. Most think they don’t have the time.

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There are over 300 Appraisal Management Companies nationwide and the numbers are growing quickly.

So, What Can an AMC List Do for You?

Reason #1 – Appraisal management companies are hard to find

Unfortunately, you can’t look up appraisal management companies like you would any other business. AMC’s are listed under many different names and are often marketed to the lenders they are trying to recruit. You could spend hours looking, with few results

Reason #2 – Expand your appraisal business

At this point, if you want to expand your business, you are going to have to sign up with as many appraisal management companies possible. Outside of soliciting work from independent banks, divorce attorneys or CPA’s, you have few other options. Taking the time to sign up with as many as possible (some lists have over 300 AMC’s listed) widens your scope.

Reason #3 – Make more money

Right now you may make more money per appraisal by working independently, but think about this. If you are only doing 10 appraisals per month at an average of $400 each, you are bringing in about $4000. Not bad…but what if you added another 20 per month and made $300 for each? That would bring in another $6000 per month!

Reason #4 – FHA will be following much of the same HVCC rules beginning next year

Not only do you now have to be a certified appraiser to do FHA appraisals, but starting very soon, their orders will be sent through appraisal management companies also. Don’t get left behind. Keep up on the news and make adjustments accordingly.

Reason #5 – Find local and national AMC’s that DON’T TAKE LARGE COMMISSIONS OR UP FRONT FEES OUT OF YOUR POCKET.

Ok, so we all know that there are some awful AMC’s out there that make you bid on jobs and then complete them within 24 hours. That is just ridiculous and irresponsible for appraisal management companies to be expecting, if they want quality work (and as appraisers we know it!). Fortunately, there are many companies out there that take low commissions and are reasonable in their turn-around times.

The obvious solution for todays appraiser? Sign up for as many management companies as possible. The paradigm has changed for everyone, including the lenders, but you can grow your business and you can make more money. It just takes a little effort focused in the right direction.

From one appraiser to another…it is worth the effort.

Signing up with a complete list of appraisal management companies will give you the greatest chance of bringing in quality business. For a list of over 300 verified appraisal management companies, go to http://www.amc300.com

Article Source:

http://EzineArticles.com/?expert=T._Bledsoe

Inactive Realtors in Ontario have the option to join an Ontario real estate Brokerage that help you keep your license active during your inactive times.  Save on real estate board fees and all your other needless office expenses too.  Park your license with a reputable and successful license holding Brokerage and still earn high commissions on all your sales, if any and your referrals.  Commissions are paid to you ASAP!

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