Gulf Coast
Sophomore Member
- Joined
- Feb 4, 2013
- Professional Status
- Appraiser Trainee
- State
- Florida
I've sent in multiple emails to our local MLS trying to make it a requirement for Realtors to "Show their work" when they come up with square footage for a home. When I do it, it's usually after I appraise a home that is or has been listed and the GLA is way different from what the MLS shows. I give the MLS board both GLA's and then show them the Realtor's GLA usually comes from a tax card that hasn't been updated in 30+ years. I try explaining how incorrect GLA's only hurt the Realtors in the end (when appraisers use them as comps over and over without verification). For example, if the Realtor overstates a GLA it may help them to sell the home but if an appraiser uses that number for comp info over and over again, it only brings down the value of what is being appraised (assuming more GLA equals larger value). To make a long story short, they won't do it. Any thoughts? Any similar experiences? Solutions?
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