The Appraiser Coach Podcast

Sometimes appraisers and agents talk past each other. However, meeting the agent at the inspection can have its benefits.  

The reasons given for the development of PAREA range from potential appraisers not being able to find a mentor to not enough appraisers However, what has actually happened in the early days of PAREA is some unintentional consequences, and they are not bad for existing appraisers.

Dustin has lost a little weight recently. Listen to how his journey relates to being a successful business owner.

Today, Dustin and Tim Andersen ([email protected]) take questions from the listeners in another Dear USPAP Instructor episode. Today they tackle the questions of reporting on prior services as well as how much is just right when it comes to support in your appraisal reports and workfiles.

When you use a Virtual Assistant in the Philippines or somewhere else, have you violated the confidentiality part of the Ethics Rule in USPAP?

In the latest edition of WorkingRE Magazine, there is a great article called Inside Access To Fannie Mae's Complaint Process. The publisher of WorkingRE and author of the article joins Dustin for a deep-dive into how the Fannie Mae complaint process against appraisers works.

Dustin just finished speaking to agents at a local office. Be a fly on the wall as you hear what questions he got asked.

We first heard of this new path for becoming a real estate appraiser in 2020. Here we are going on four years later. What is happening to PAREA? Is it still a thing? Are any states adopting it. Has anyone gone through it? Dustin breaks it down.

Appraisers seem to worry about whether or not they will have a job in the future and one of the contributing factors is appraisal waivers. But, how prevalent are they? We seem to be in a slow down, but is that because Fannie and Freddie are turning to waivers? https://www.aei.org/research-products/report/prevalence-of-gse-appraisal-waivers/

Agents are losing their minds over this new NAR settlement regarding buyer agent commissions. What does this mean for appraisers? Dustin shares how this can be a huge opportunity for marketing their services as an expert in their local market.

Is there a difference in appraisers who work part-time vs full-time? Some believe that part-timers are not true professionals? What do you think?

The world of appraisal is ever changing, but what are you doing about the transitions? Chris Posey from Chicago is a voice for change and a voice for the positive. He joins Dustin today to talk about his success.

There are so many choices for laser measuring devices these days. What is an appraiser to do? Which one is the best value for the money? Dustin has taken the guesswork out and shows you the current, best value laser measuring device for appraisers. This is the product he is personally using.

Today we have 10 year Mastermind Veteran, Brianne on the program to talk private appraisal work. She doubled her private volume in a year. Today, she talks about how she did it.

It is okay to have a bad day or a bad couple of days. Appraisers are struggling right now, but there you can choose how you feel.

Tim Andersen, The Appraiser's Advocate, joins Dustin again to take two questions in another Ask The USPAP Expert episode to tackle this question and another; can a final be passed off if it is not 100% finished?

Most appraisers are still struggling to get volume. Some are contemplating leaving, but is that the only choice? Dustin lays out 4 options for appraisers who are slow.

In January of 2024, Dustin held the first ever VIP Mastermind in Paradise on the Island of Kauai. Here is a quick rundown of what went on and a little peek into next year.

Brent Bowen joins us to talk about stats, numbers, data-science, and what it all means. What is it an appraiser actually does? How do we support the adjustments we use? Brent explains it on a level we can all understand.

When times are lean, what can we get can be all we can think of. But, maybe now - more than ever - we should be thinking about what we can give.

Many appraisers are upset with PAREA, but what if we took a page from the pathway to become an electrician and combined mentorship with PAREA? I think the idea has many benefits.

Fannie Continues to send out letters to appraisers warning them about banned words. Dustin explains why he doesn't feel the same way many appraisers seem to feel about it.

Dustin does not typically respond to negative comments, but he could not help himself this time. He wrote an article for the Buzz in October of 2023 called "Are Appraisers Actually Making More This Year" and as you can imagine, it was fraught with negative comments. Dustin responds, not directed at the negative, but for those who are interested in improving their lives.

The short answer is, Yes. Check out this minisode to find out why and what is next for The Appraiser Coach.

 Scott Bacnkiewicz joins us to share some research he did on arm's length vs non-arm's length transactions. He shares some information on what they are and why appraisers have such strong opinions on the matter. CORRECTION: The statement "Market Value Definition," was meant to be stated as, "Arms Length Definition."

Much easier to navigate and much easier to understand. The Appraiser Coach has a new website. Check it out at www.theappraisercoach.com

Mr. Tim Andersen is here again to help us answer the question, "where did you get a copy of my report, and is that even legal?" He also helps us with the question of how far can a client go in telling you how to do your job?

Appraisers are describing this as one of the worst economic times ever. Some are talking about leaving the industry. Dustin's response to this might surprise you.

The American Enterprise Institute (AEI), using data from FHFA, confirms that appraiser racial bias is not systemic. Dustin discusses why this is a positive for appraisers, but be careful of the details.

There are, unfortunately, more and more loan buybacks occurring in the lending world. That often means appraisers get thrown under the bus. In this minisode, Dustin explains why buyback revisions should be treated with the same level of seriousness as state board investigations.

Good friend of the program, Mike Holzheimer joins us from Valuation Review and October Research to talk about the new Voice of the Appraiser survey for 2023.

Dustin shares two, non-appraisal, stories of bad customer service and what we should learn from them.

Many think if you pay a percentage of the appraisal fee, you must only do so through an independent contractor agreement. Not true. Dustin shares how to do it with regular W2 Employees and some hurdles to watch out for.

It has been just over a year now, and Dustin reports on his daily practice of TM. Is he still doing it? Is it still beneficial to the stressful life of an appraiser?

Do you set up a corporation, an LLC, or a sole proprietary company? It is an excellent question and The Coach has some advice.

So maybe it isn't a real word, but it is a true principle. The difference between success and failure is the ability to stick to a task till it is done.

With less volume comes more time on your hands. Some appraisers are using that time to attack others. Dustin gives a better solution to how you might spend your extra time.

A simple concept, but how can you make this apply to real estate appraisal? How do you increase your volume and revenue by creating great offers for your potential clients?

It happens all the time; you get a call from a lender you did not do a report for, but they want to talk to you or get a revision on a report they are in possession of. Can you talk to them? Tim Andersen answers it as well as can you change an original report instead of doing a final?

There is a difference between having a job and owning a business. There is one key indicator to know the difference.

It is a difficult question, but should you classify those who work for you as W-9/1099 Independent contractors or W-4/W-2 Employees? What about trainees? How about other certified appraisers? Dustin breaks down the tests that should be answered to know how to classify your employees properly to avoid penalties and interest if you get it wrong.

The word of the day is capture. The reason most of us do not get done what we commit to is because we do not capture the idea. In this minisode, Dustin talks about how to capture ideas so that you are a person of Integrity.

So many appraisers are slow, but are some appraisers actually doing better this year than last? Yes! Dustin shares why.

Dustin is a big fan of the E-myth Revisited by Michael Gerber, but he may have found a book he likes even more. Today is his book report.

So, you finally got that gig booked to speak as an appraiser expert at the real estate agent office. What should your topic be? Dustin shares 6 topics that are always a hit and some other advice as well.

Are the thoughts we think keeping us from progress? Even if those thoughts are based in rationality, it may be time to reevaluate what we are thinking.

One of the reason we are all addicted to Amazon is because they make shopping online too easy. They take the hard out of it. Can we apply the same principles to our appraisal company?

Dustin recently was gifted a walking desk. Why would anyone want to walk while they work?

Appraisers have been challenged lately on the words we use in our reports. It can be easy to get our backs up about the language we use, but how many of us have every stopped to question the words we use? Tim Andersen is here to discuss.

Preparation is never a bad thing, but sometimes fear of things that might happen will keep up from progression.