E96: AMC Lawsuits, OpenDoor's Collapse, & Zillow's AI Pivot

The appraisal industry's dirty little secret is finally in front of a judge — again. A third class action lawsuit is targeting AMC fee markups, and borrowers are asking a completely reasonable question: how much of that "appraisal fee" actually went to the appraiser? Mark and Jeff break down Bernholz v. Class Valuation & Cross Country Mortgage, why AMC fee transparency matters, and whether regulation or litigation is going to be the thing that finally forces change. Then it's a tour through the wreckage. OpenDoor is in trouble — and not quietly. Commercial real estate is getting interesting again (for investors brave enough to look). PAREA is launching with about 120 days on the clock. And Zillow? They just told the world they're done being a website. Oh, and Mark got a colonoscopy. He lived. In this episode: AMC Lawsuit #3 — fee transparency, borrower rights, and who's next Commercial Real Estate — recovery narrative is back, but value destruction is real OpenDoor — adverse selection, a Shopify CEO, and a slow-motion exit PAREA — the new appraiser education pathway and a November deadline that matters Zillow's AI pivot — ambient real estate and the death of the homepage Val Expo — Mark and Jeff are winning Content Creator of the Year in Las Vegas Market Moves with Mark and Jeff — two appraisers, one podcast, zero fluff.