Has anyone attempted to bring Ethics Violations against a Realtor for continually making negative remarks against you?

[apprtech]

There are a couple of Realty offices in my town that believe that they have the right to talk about appraisers in a negative light because they don't always agree with the contract prices they arrive at. I know that is as old as time, but when they constantly throw appraisers under the bus, even to people that are related to you. What tactics have you used in the past to shut that down? The local Association of Realtors has a few statements that talk about not talking or communicating negative comments about other real estate professionals in the association. It is part of their Ethics Rules, and I wonder if that would be a good way to at least start.

Right now the sales are going up very fast in our area, and I am finding many of the Realtors are not doing a CMA, just putting a number on the property without doing any market research. Due to the lack of product, people are just going under contract without any knowledge of the market because the Realtors are to busy to do their jobs. There are people getting into the real estate business without being properly trained and they get upset when the appraiser doesn't agree with them. Sorry that this has made it way into a rant, just tired of being thrown under the bus for doing my job based on guidelines the Realtors don't have to adhere to.

 

[JeffSH]

Due to the lack of product, people are just going under contract without any knowledge of the market because the Realtors are to busy to do their jobs. There are people getting into the real estate business without being properly trained and they get upset when the appraiser doesn't agree with them.

This triggers me super hard. The market is ON FIRE right now and it's because of demand, not people being irrational. You don't know more than the market. The market is what it is. If there are five people lined up to put in an equivalent offer, and the seller isn't even using the highest signed offer, how can we as appraisers say that the home isn't worth the accepted contract price?

I've only had to come in low a few times over the past six months and it's mostly because an extremely similar home sold very recently and I can't reasonably put weight on something else. You have to make time adjustments of 1%+ per month plus just to get reasonable ranges, but I review so many appraisals that say the market is stable and do ABSOLUTELY NO ANALYSIS. I hope you aren't one of those appraisers.

Sorry for not answering your question.

 

[apprtech]

This triggers me super hard. The market is ON FIRE right now and it's because of demand, not people being irrational. You don't know more than the market. The market is what it is. If there are five people lined up to put in an equivalent offer, and the seller isn't even using the highest signed offer, how can we as appraisers say that the home isn't worth the accepted contract price?

I've only had to come in low a few times over the past six months and it's mostly because an extremely similar home sold very recently and I can't reasonably put weight on something else. You have to make time adjustments of 1%+ per month plus just to get reasonable ranges, but I review so many appraisals that say the market is stable and do ABSOLUTELY NO ANALYSIS. I hope you aren't one of those appraisers.

Sorry for not answering your question.

Well when you have four sales that bracket the square footage of the subject by a 100 sf (sold in pass two months and in the subject's immediate subdivision) and the Realtor sends you comparable sales that are 400-500 smaller and expect you are going to make adjustments based on the price per square foot of the whole property. You then ask why use comparable sales that are so small and not ones more similar, they tell you because those more similar sales don't make their contract. They have knowledge of the market, just don't apply it. It is all about making the deal, no matter where they pull their comps.

 

[WestMichiganCG]

I would call the local board. I know that there are those in my area that do training for Realtors.

 

[norapp]

I had only one that I just could not bring in at what they wanted. Realtor ripped me a new one on the phone and told me I would never get any more work on her deals. I told her if she had any sales at all I would consider them. She screamed at me there was none. I asked her if she thought I should make some up?
Her sale was on the market for 154 day in a market everything is selling in 3-7 days and yet it sold way over list. I am really rethinking my retirement age. I am so stressed out I don't know what day it is or even what month as I am booked into mid June. I can not keep up this pace. Had a couple reports sent back because I forgot some minor info. Totally my fault but I am thinking it's only a matter of time before I make a big mistake.

 

[apprtech]

I would call the local board. I know that there are those in my area that do training for Realtors.

I have called in the past, and even though I am a member of the local association they will not give you guidance being Realtors themselves. They say fill out the form and explain why you feel they breached ethics and which one of the guidelines they failed in. I believe in professionalism, and I try in every situation to be professional, even though I believe that the new Realtors should have to be under a mentor for a year. Most of the new Realtors take a sales associate exam and sent off to sale real estate with little to no guidance including how to deal with others in the same market.

 

[apprtech]

I had only one that I just could not bring in at what they wanted. Realtor ripped me a new one on the phone and told me I would never get any more work on her deals. I told her if she had any sales at all I would consider them. She screamed at me there was none. I asked her if she thought I should make some up?
Her sale was on the market for 154 day in a market everything is selling in 3-7 days and yet it sold way over list. I am really rethinking my retirement age. I am so stressed out I don't know what day it is or even what month as I am booked into mid June. I can not keep up this pace. Had a couple reports sent back because I forgot some minor info. Totally my fault but I am thinking it's only a matter of time before I make a big mistake.

We are all humans, just have to be more diligent to look back over report before sending it in. I am 51 years old and I make mistakes, but they are usually caught and fixed before going to client. Here in our area of Florida homes are selling for more than we can find data to prove the appreciation, I just use the most up to date comparable sales. When the Realtor list the property and you meet listed price but the house sales for more than that you struggle to find sales to prove it and I will not make an adjustment for appreciation that I cannot prove.

 

[WestMichiganCG]

I have called in the past, and even though I am a member of the local association they will not give you guidance being Realtors themselves. They say fill out the form and explain why you feel they breached ethics and which one of the guidelines they failed in. I believe in professionalism, and I try in every situation to be professional, even though I believe that the new Realtors should have to be under a mentor for a year. Most of the new Realtors take a sales associate exam and sent off to sale real estate with little to no guidance including how to deal with others in the same market.

I know it's a lot of work but you could set up training with the board and another experienced Realtor. This has made a difference in our market.

 

[apprtech]

I know it's a lot of work but you could set up training with the board and another experienced Realtor. This has made a difference in our market.

I have been on a panel twice where Realtors can ask questions of appraisers and it was well attended, however you have a few bad Realty companies that have gone as far as having a letter penned by an attorney saying that certain appraiser's can't appraise their listings or they have had the seller agree to not let the appraiser on their property. This letter has not kept one appraiser from doing their work, because the lender cannot allow the Realtor to dictate who they use as appraisers.

 

[J Grant]

This triggers me super hard. The market is ON FIRE right now and it's because of demand, not people being irrational. You don't know more than the market. The market is what it is. If there are five people lined up to put in an equivalent offer, and the seller isn't even using the highest signed offer, how can we as appraisers say that the home isn't worth the accepted contract price?

I've only had to come in low a few times over the past six months and it's mostly because an extremely similar home sold very recently and I can't reasonably put weight on something else. You have to make time adjustments of 1%+ per month plus just to get reasonable ranges, but I review so many appraisals that say the market is stable and do ABSOLUTELY NO ANALYSIS. I hope you aren't one of those appraisers.

Sorry for not answering your question.

The market is ON FIRE ?? Truly you should switch careers and become a RE agent, your thinking is in their realm - you are typing in a RE agent type price opinion, on an appraisal form.

We dont know more than the market ? WTF are we hired for...we are supposed to know more, within our professional in our realm of expertise which is to analyze the market in MV appraisal terms.