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Estate Appraisal 2016 - Brokerage Firm Requesting Copy For Sale Proposal

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PS111222333444

Sophomore Member
Joined
Sep 2, 2010
Professional Status
Certified General Appraiser
State
Washington
I completed a retrospective appraisal of a retail building for Estate Settlement purposes in late 2016 (report and date of value). Intended user PR of the Estate. Now national brokerage firm is requesting a PDF for purposes of creating a sale proposal for the heir. Client (who is the heir) has given verbal permission to do so.

Any cautionary words? Should watermarks be added to the document?

Thanks for any input!
 

PL1957

Senior Member
Joined
Jul 19, 2004
Professional Status
Certified General Appraiser
State
Illinois
I completed a retrospective appraisal of a retail building for Estate Settlement purposes in late 2016 (report and date of value). Intended user PR of the Estate. Now national brokerage firm is requesting a PDF for purposes of creating a sale proposal for the heir. Client (who is the heir) has given verbal permission to do so.

Any cautionary words? Should watermarks be added to the document?

Thanks for any input!
Don't do it. Have the heir send them a copy, even if you have to provide it to the heir. You don't want to be in a position where it can be argued that the brokerage firm has your permission to use the report. The heir can do whatever he wants with the report.
 

Michael S

Senior Member
Joined
Mar 18, 2009
Professional Status
Certified General Appraiser
State
New Mexico
I complete an appraisal for a lender on a small mixed-use property a couple of years ago. The property manager who was also a broker listed the property for sale about six months later. Virtually all of the content of his listing flyer was pulled straight from my report including a pretty detailed floorplan I had created (70-year old building with no plans or size information of any kind), a neighborhood aerial with labeled rings, demographics, several pictures, etc. Obviously the owner got a copy from the bank and passed it along to his broker. I didn't bother making a fuss over it and as far as I can tell it never sold. Imitation is the greatest form of flattery.
 
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