Blacklisting

[J Grant]

Good for you, Res Guy. Some realtors are decent but others are acting like thugs now, threatening appraisers and being very agressive.

 

[rimrock]

If they were buddies , they should have spoken to the OP and voiced their concerns, not tried to blacklist . Also, they seemed to trust the OP fine, till the OP came in "low" on a purchase appraisal. They would have had no problem, it seems, with the potential of a conflict of interest as long as the OP kept meeting or exceeding sale prices?

I agree that there can be the appearance or potential for a conflict of interest with an appraiser who actively lists or sells where they appraise.

However, it is legal to do so, and Realtors acting like bullies and taking it upon themselves to blacklist appraisers who don't "play ball" on SC prices is worthy of action on the OP's part.

I'm not sure I understand your question, but if I'm involved with property as a Realtor, I do not get involved as an appraiser. I don't appraise properties currently listed or being sold by any of the agents or Brokers in our office.
I personallly think being a Realtor is advantageous to my work as an appraiser. It's not uncommon for me to have shown a property(s) as a Realtor that I later use as a comp. Having seen the property inside and out is better than analyzing it from MLS photos and a drive-by inspection.
Disclosing my position as someone who provided a service for a subject property is mandatory, so yes I do that.
I mis-spoke. The friends were friends of each other and nothing more than work acquaintenances of mine.
I think there is a trust issue. They don't trust me to rubber stamp their sales.

 

[J Grant]

I think there is a trust issue. They don't trust me to rubber stamp their sales.[/quote]

Pretty much echoed what I thought...they are not trying to blacklist you because of a conflict of interest, you are not playing ball/ rubber stamping sale prices, so they are using a " conflict of interest", as a pretext to screw up your earning potential as an appraiser.

Are you going to speak to the lender about it, and/or file a complaint to your state real estate board?

 

[rimrock]

This reply was posted to the wrong participant. I tried to delete it, but AF is giving me a message that my message is too short. I tried the HELP fix for this problem, but it didn't correct the problem.

 

[Charles Cales]

I think the idea that a conflict of interest exist is pretty far fetched, I mean even if one would be so unethical as appraiser a house low to hurt a Realtor competitor, it would be very unlikely as to help their own business. As Appraisers we often use terms like "typical buyer" , what would the typical buyer do? Most appraisers have no experience with the typical buyer and really substitute what they would personally do. Who better to decide what a typical buyers decisions would entail than someone who works with them everyday.

 

[Webbed Feet]

<.....snip......>Is this legal?

Try an internet search for a forum of attorneys and ask them.

 

[Jayne Parrish]

I am both a certified general real estate appraiser and a real estate broker. I have had both licenses for about 18 years. My appraisal office is in my home. My real estate license is with a local firm. I am primarily an appraiser but do sell a couple of properties a year.

I can not appraise a property if I can benefit from the transaction. So if I am either listing or selling agent then I can't appraise it. However if I am not involved with the sale, there is no conflict. Period.

Having been a bank examiner prior to getting these licenses, I am very aware of what my job is as an appraiser. I am there to not only help protect the bank but also to help a borrower make an informed decision about this large purchase. My job is not to make real estate agents happy!

 

[TxArmadillo]

I can not appraise a property if I can benefit from the transaction. So if I am either listing or selling agent then I can't appraise it. However if I am not involved with the sale, there is no conflict. Period.

Jayne, this places you in the same position as the OP (Post #1). What are you comments on the situation in which he finds himself?

 

[Couch Potato]

I'm an real estate agent and an appraiser. One of the local Brokers is having me excluded from doing appraisals for her company's listings. She did this after one of my reports came in below her sales price. She claims it's a conflict of interest. Now a second agent in town may be doing the same thing. They just happen to be good friends. I see this as a serious threat to my business. Apparently they would rather have out of town appraisers who are more realtor friendly come to town to do their property appraisals. Is this legal?

To the extent it is legal for a broker to express an opinion about the appraiser a client chooses it is perfectly legal for them to request you not be the appraiser. If they are spreading lies about you that are harming your business, then you can take action against them, but that does not appear to be the case hear. They may be accused of exaggerating the level of conflict of interest, but there is always some level of conflict of interest.

 

[DMZwerg]

I can not appraise a property if I can benefit from the transaction. So if I am either listing or selling agent then I can't appraise it. However if I am not involved with the sale, there is no conflict. Period.

Yes, but you can do a BPO for listing purposes ... as long as you are wearing your "broker" hat and the client is not expecting an appraisal.

Having been a bank examiner prior to getting these licenses, I am very aware of what my job is as an appraiser. I am there to not only help protect the bank but also to help a borrower make an informed decision about this large purchase. My job is not to make real estate agents happy!

Exactly. Too many do not comprehend this.