GCJim
Senior Member
- Joined
- Dec 11, 2007
- Professional Status
- Certified General Appraiser
- State
- New Jersey
This is very interesting. In light of the fact that 'full service', 'one-stop shopping' real estate firms have loan officers or mortgage reps actually stationed right inside some of the real estate offices, (the mortgage operation being owned by the real estate firm), and also offer a whole smorgasborg of other real estate services which they may or may not own as well, I don't see any problem with doing both an appraisal and the real estate transaction. If it were me, I would try to make sure that your disclosures were as iron-clad and bullet-proof as possible. I would also check to see if you need to cover yourself on the real estate transaction side as well, in case your local / state board has some rules about such a situation.
Off topic, but also reminds me: Can you imagine the intense pressure on that loan officer sitting inside the real estate office to make the deals originating from that office work, no matter what the cost? (Can you imagine what would happen to him/her if they didn't??? How do you spell c----r---u---c----i------f-----y----). I would like to be a fly on the wall in one of these offices......
Off topic, but also reminds me: Can you imagine the intense pressure on that loan officer sitting inside the real estate office to make the deals originating from that office work, no matter what the cost? (Can you imagine what would happen to him/her if they didn't??? How do you spell c----r---u---c----i------f-----y----). I would like to be a fly on the wall in one of these offices......