Last year, I mentored an appraiser over the phone from New York. He had just moved to New York from Florida He had lived and worked as an appraiser in Florida for over 25 years. His business consisted mostly of lender (AMC) work. Though he was now living full-time in New York, he still had a home in Florida and had plans to live there during the cold months (about 3 months out of the year). The problem was this, though he had more experience and was more familiar with the Florida real estate market, his new permanent address and that of his office was in New York. Due to arbitrary AMC rules, he is no longer able to appraise in Florida. He is no longer competent.
Can someone please explain to me why distance should always determine an appraiser’s geographic competency?
For more information on this subject, please listen to The Appraiser Coach Podcast Episode:
