1. CEO ( Dan Hackman ) is so disrespected by the employees (and he knows it) that you rarely hear from him.
2. Appraisers must waste time engaging in training webinars from people who should be the trainees, not the trainers.
3. Extremely low pay: Appraisers earn $10 per hour on first $2,700 billing or approx. your first five appraisals for the pay period. Can you say exploitation? Worst in the industry that I've heard of . After that, you you earn 40% of the appraisal fee or about $180 per full. At the end of the month, you'll make $4 to $5K. Super depressing!
4. Appraiser must pay for his own licensing, continuing education, most office supplies, new tools, additional MLSs, etc. Rels always takes the cheap way out and says "no, that doesn't qualify for a reimbursable expense."
5. Managers are constantly giving you the classic straw man argument ("We need to keep wells fargo happy or they may use other AMC's). Whaaa! That may suck for the Rels brass who have no other skills but to leech, but appraisers have other options to get that work - quit and work independent or for the competition.
6. Rels pays the appraiser a minuscule 40% of the appraisal fee, but will not pay for an appraisr to take an two-week expense paid vacation. Everyone else gets a paid vacation but not the employees with the license and expertise that earns the company its only revenue.
7. Rels Valuation expects appraisers to do full 1004 appraisals as low as $135 (PMI removals and equity loans). Can you say exploitation, again?
8. Incessant micro-managing from supervisor. Yes, constant meetings and hearing "We need a appraisals delivered on time to our client (Wells Fargo, one of the Rels Valuation fractional owners). Yes, the client is the owner. LOL! Conflict of interest? You betcha!
9. The say they want quality but at the end of the day, they really want you to meet their short turn-times. Again - scared out of their mind Wells Fargo will lose business to backup AMCs.
10. No holiday celebrations
11. Rels Valuation never splurges a little on employees, company never has production contests or performance bonuses.
12. Rels sets monthly production requirements to a level that assures you that you won't be spending time doing anything fun. Nope, you'll be working while Dan Hackman plays golf on your backs.
