Dee Dee
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
Just ran across this for the first time...could use some opinions.
Have an appraisal order here on a purchase where the loan officer is also the selling agent. Other than that this guy is making a tidy sum from both the selling and lending transactions (nice little sweep), do any of you see any conflict of interest that I should concern myself with?
The purchase price appears to be reasonable for the area with comps to support it, though I haven't seen the subject yet to make a more firm opinion. I might be a little bit overly cautious due to it being a new construction condo, where there seems to be a lot of realtors churning up the market prices in this area.
Have an appraisal order here on a purchase where the loan officer is also the selling agent. Other than that this guy is making a tidy sum from both the selling and lending transactions (nice little sweep), do any of you see any conflict of interest that I should concern myself with?
The purchase price appears to be reasonable for the area with comps to support it, though I haven't seen the subject yet to make a more firm opinion. I might be a little bit overly cautious due to it being a new construction condo, where there seems to be a lot of realtors churning up the market prices in this area.