By default, appraisers can enter their own price for the appraisal reports they provide for you. You optionally can set fixed pricing so that you name the price you pay for your appraisal products. Using this fixed pricing feature overrides the appraiser’s ability to set their own fees. To use the fixed pricing feature, make sure the dropdown menu states Fixed.
You can set standard pricing across the board for all areas (All, All) or enter specific pricing for a specific state, county, or even zip code. You can even set pricing for one county and leave other areas for appraisers to name the price.
Leave the Pricing section blank if you want appraisers to be able to name their own price for all products in all areas.
Value Based Pricing
Additional fees based on the value of a property can be added through Value Based Pricing. These fees work in conjunction with your per product fixed pricing for all products. When you create tiered pricing and set your fee, the fee is automatically added to your pricing per product. For example, a property valued at $750,000 with an additional fee of $100, on a 1004 would reflect a total fee of $500. You can create as many Additional Pricing Tiers as your organization requires.
Add Pricing for New Property Classifications on Fixed Pricing
Once you have added new property classifications, you will want to make sure that your fixed pricing is updated so that any new classifications can be added to the total appraisal cost.
1. Continuing with the previous example, in the division settings screen, find and expand the Pricing section.
2. For the coverage areas that you have fixed pricing for, you can expand each, find the newly added property classification, and add the price that should be added to the appraisal price.
3. Save your changes. When a new order is placed, and this property classification is checked, the price for this classification will be added to the total cost of the appraisal.