A: The Reasonable Fee Calculator (RFC) is an estimation tool in ACI Report™. Use the RFC to calculate the Total Cost to produce an appraisal report prior to accepting an assignment or after the appraisal to have a retrospective on profit margin.
To get started, run WebUpdate, then create a new report and choose the Reasonable Fee Calculator report pak. Set your desired annual salary and make adjustments to account for your designation and experience. You can then add your operating costs and work-related expenses. Once complete, the RFC calculates your estimated “bottom-line” for an individual order.
This easy-to-use tool can help provide insight on the overall cost per job. You can also use it as a tool to calculate your effective pay rate when you accept an assignment at a fixed fee.
Click here for 132 additional video tips to help streamline your workflow. These are just a few examples of exclusive features you will only find in ACI software. We also offer live ACI Report webinars, for a broader look at features and functions.