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Dodd-Franks and/or Real Estate Agent Ethics Violation?

Joyce Potts

Elite Member
Supporting Member
Joined
Feb 6, 2005
Professional Status
Certified Residential Appraiser
State
Florida
I don't know that I would have let that go. I love it when the agent shows their hand before the appraisal. Include those comps in commentary that you considered them and show how inappropriate they were... goes to show why the contract price was higher than your supported MV. Obviously the buyer was not well informed.

The other assignments I passed on more than justified my departure. Know when to cut your losses. I'm an end game player.
 

Joyce Potts

Elite Member
Supporting Member
Joined
Feb 6, 2005
Professional Status
Certified Residential Appraiser
State
Florida
................................................................but the appraiser's confidentiality is to the client.

Are we reading the same thread? Who is suggesting violating confidentiality in this scenario?
 

ramrcdk

Senior Member
Joined
Jan 15, 2008
Professional Status
Certified Residential Appraiser
State
North Carolina
Are we reading the same thread? Who is suggesting violating confidentiality in this scenario?
Joyce: NO one is suggesting..."violating" and was not my intent.
Purely, a gentle reminder that being responsible WOULD also mean being mindful to client confidentiality.
As in the Initial POST " would you respond ? ".
 

Joyce Potts

Elite Member
Supporting Member
Joined
Feb 6, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Joyce: NO one is suggesting..."violating" and was not my intent.
Purely, a gentle reminder that being responsible WOULD also mean being mindful to client confidentiality.
As in the Initial POST " would you respond ? "

Joyce: NO one is suggesting..."violating" and was not my intent.
Purely, a gentle reminder that being responsible WOULD also mean being mindful to client confidentiality.
As in the Initial POST " would you respond ? ".

Of course the appraiser should never respond to anyone but their client, a state board or a subpoena. That said, the thread 'morphed' into other typical scenarios.
 

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
Of course the appraiser should never respond to anyone but their client, a state board or a subpoena. That said, the thread 'morphed' into other typical scenarios.
I talk to anyone I please and calming down upset borrowers and Realtors has probably saved me many headaches and no lawsuits in 35 years.
 

George Hatch

Elite Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
California
I don't have a problem with talking with brokers and borrowers so long as I'm not talking about my professional opinions and conclusions about the property with them.

Bkr; The property sure is rough, isn't it?
Me: Every property is beautiful to someone. Every property has value. I neither like nor dislike properties.
 
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