Saturday, December 15, 2018

"Appraisal Management Company" Business Expansion

After working as a Residential Real Estate Appraiser for three-years, I have seen enough to make the decision to open my own Appraisal Management Company (AMC). I have learned the hard way that the firms out there don't understand the Uniform Standards and Principles of Professional Appraisal Practice (USPAP). Since they don't understand the importance of this document and have not taken the time to learn it, they are breaking the law on a regular basis. USPAP is part of the Administrative Code in Florida meaning that it is enforceable. This incompetence is hurting the appraisal profession and I have taken on the fight to create change in addition to starting my own AMC with the intent of stealing the other AMC's clients. It is rare to have a Certified Residential Appraiser owning and operating an AMC. So, I have an advantage and should do well. Once I register my business with the Veterans Administration, I should also get a preference since my clients are Banks.