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The costs of state registration adds up for AMCs
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Wednesday, February 20, 2013
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Lincoln Appraisal and Settlement Services already spent $75,000. According to StreetLinks President Tom Hurst, StreetLinks plans to spend more than $1 million this year to satisfy registration fees. The William Fall Group reported an expected cost of $250,000. LRES Corp. will spend approximately $50,000. InHouse Inc. has already spent more than $100,000. And Appraisal Logistics anticipates spending $150,000, with annual renewals in excess of $100,000. But the costs don’t end at registration. While reputable AMCs are reaching deep into their pockets, some have shifted the costs to other areas — one of those avenues being the appraisers.
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