Appraisers: Pressure to inflate inflates

[timd354]

So, telling a lie is an ethical behaviour? If that is your idea of ethics there must be many brokers and AMC's looking to hire you.

Mr. Clark, read my statement more carefully, there is no lie involved....the statement does not say whose value is "no problem", just that "the value is no problem"..."the value" is never a problem for me, I do the research and work and express my opinion of value, which, for me, is no problem...If a scumbag realtor and mortgage broker want to read into that statement that I will hit a predetermined value, that is their problem, not mine. If people don't want my true opinion of value, then I have no use for them or any further possible business from those scumbags in any case. As far as AMC's go, I only work occasionally for one that pays 90% of my normal fee and has never ever questioned my values. If they ever do start pressuring me for values, then they will be kicked to the curb. Regarding mortgage brokers, I learned a long time ago that most brokers are scum and are too much of a pain the *ss to collect fees from, so I do not ever work for mortgage brokers unless I receive a full fee COD....besides mortgage brokers are very quickly headed for extinction as more and more investors are shutting down their wholesale and correspondent lending operations. My main clients are all bank owned mortgage companies and divorce and estate & trust attorneys and I have excellent business relationships with all of them.

 

[timd354]

Ok, so the appraiser does as you suggest.
Do you think they will see any reoccurring business from that client? No.
Who cares, I don't want to work for scum and in case there is no way you get anymore assignments from these scumbags unless you played their "game"...so no loss there.
I need several hundred appraisals per year to make a decent living. Most of those will only be single assignment clients.
Most are from single assignment clients? I feel sorry for you as that is a very tough way to do business....I do almost no work from single assignment clietns and will only do work for unknown clients if it is COD and I will not deliver a report until any check has cleared.
It gets very expensive to attract clients through advertising when they are only single assignment clients, i.e. give me one assignment, I don't come in on value and I never hear from that client again. And lets not forget secret black lists and word of mouth. After all, the market defines a "good" appraiser as one who hits value. So, although my reports are in compliance with all the pertinent regulations and have minimal errors, no one cares if I can't opine a value that my client requires regardless of facts which dictate a property's worth to the contrary. Therefore, I am a "bad" appraiser. Noone wants a "bad" appraiser. If you conduct your business in this fashion you will starve with the rest of us.

Doing business in an honest and ethical manner is tougher than doing business in an unethical manner, but I would rather starve than sell my soul....thankfully, so far, I am keeping ahead of things inspite of the rather poor business conditions for our industry.

 

[Mike Kennedy]

"Okay. I'll keep $415,000 in mind while writing the report, and I'll do my absolute best".


Kindly cite the USPAP provision which authorizes an Appraiser to Advocate the interests of the customer? Thanks.:icon_idea:

 

[Ken B]

Who said anyone was acting as an advocate for the customer? Trivial, but there is a difference between a client and customer.

Regardless, I think Jim's response is similar to my response when I am asked to do a "good appraisal." I simply respond that every appraisal I do is a good one.

I am sure that Jim does his absolute best on every assignment.

People need to lighten up.

 

[Don Clark]

This is how it should be handled. Promise 'em anything, but deliver the truth. Don't foget to collect at the door!

So.....you practice conditional ethics??? Wonder how the state of New York would view that. Letter to Cuomo maybe???

 

[liberated]

I have noticed a lot of appraiser bashing appraiser on this forum during the past few days.....I hope that it does not remain this way....Maybe we all could agree to disagree.

 

[Don Clark]

I have noticed a lot of appraiser bashing appraiser on this forum during the past few days.....I hope that it does not remain this way....Maybe we all could agree to disagree.

Here Kitty Kitty..............No intent to bash anyone. I just do not understand how one can lie under any circumstances. Somehow I missed that notation in the Ethics rule.

To me, telling a lie to get business is what many on this forum believe that "Skippy" does. Well, if that is the case then those who believe lying is somehow under some circumstances, makes them no better than any skippy.

 

[liberated]

Here Kitty Kitty..............No intent to bash anyone. I just do not understand how one can lie under any circumstances. Somehow I missed that notation in the Ethics rule.

To me, telling a lie to get business is what many on this forum believe that "Skippy" does. Well, if that is the case then those who believe lying is somehow under some circumstances, makes them no better than any skippy.

I agree with you...there is no reason to lie under any circumstances. My answer to the "potential" client is that I can not determine what the subject will appraise for until I observe the improvements. I have lost a lot of business over the past year, as have many other appraisers.

By the way, nice signature.

 

[Lost Cause]

I stand by my comment.

But where you got the lying to get business part of it I wouldn't know. I certainly didn't say anything like that.

 

[Bama Bayou]

Here Kitty Kitty..............No intent to bash anyone. I just do not understand how one can lie under any circumstances. Somehow I missed that notation in the Ethics rule.

To me, telling a lie to get business is what many on this forum believe that "Skippy" does. Well, if that is the case then those who believe lying is somehow under some circumstances, makes them no better than any skippy.

I completely agree. Besides, I don't want repeat business from lenders who do business like that. It's bad business for me and they can get lost.