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Can higher appraisal fees avoid the “doomsday scenario”?
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Wednesday, February 6, 2013
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After Valuation Review’s Q&A with Brian Coester regarding CoesterVMS’s flat appraisal fee system, industry professionals spoke up about appraisal fee structures. One of the most interesting views on the controversial matter came from Erik Richard, chief executive officer of Landmark Network Inc., which implemented its own flat-fee structure last fall, but one that’s set by state. Richard explained that this allowed Landmark to create a structure that properly prepared the client while at the same time made sure appraisers where properly compensated.
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