- Dec 4, 2016
- Professional Status
- Certified Residential Appraiser
My brother (a realtor) and I are looking into buying distressed properties, rehabbing and flipping. He noted that I do a lot of aquisition value appraisals and thinks that would be a good source for potential properties. I told him that would be a conflict of interest for me. He claims that it would only be a conflict if I had a prior interest in the property and it would not be if I decide after I do the appraisal. Can anyone help me point to him why I can’t or prove that I am wrong? Thanks.