• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

GLB Act & Requests For Samples

Status
Not open for further replies.

jtrotta

Senior Member
Joined
Jan 16, 2002
New Client asks for "Sample Work" - when we provide that information are we violating the - Graham Leach Bliley Act :?:

When they request this info. are they violating the GLB Act :?:

Are we, when we provide this info. breaching the Confidentiality section of USPAP :?:

What say ye :?:

8)
 

airphoto

Senior Member
Joined
Jan 15, 2002
Professional Status
Retired Appraiser
State
Pennsylvania
Damned if I care anymore ..

Just say "NO" .. :lol:
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Now, look what you have done! I haven't provided samples in years. Now, endless mortgage companies are going to call asking for samples just because you planted the seed. :lol:
 

larryhaskell

Senior Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Nevada
Haven't given samples for years and at least for now the work continues to flow. Sometimes these people ask simply because they've been told to ask. You can also tell them that you will gladly send samples of your work just as soon as they send samples of theirs. Be prepared, there will be silence for a while.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
If you really want their business, take an appraisal, change the names to "J. Buyer" and "T. Seller" at "123 Anywhere Street", etc. Then on the cover letter state that all names and identifying properties are changed to comply with state non-disclosure regulations and GLB. They just want to know if you can complete a report in a competent manner.

Roger
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
A typical residential appraisal does not contain the type of information considered confidential under GLB, that said, why send out work samples anyway? Lets start a movement...."No work samples".
 

Dave Smith

Senior Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Wisconsin
Amen!

Name a profession that provides work samples. When I had my surgery I didn't ask the surgeon for work samples. When I went to see my dentist I didn't ask for work samples. I didn't ask my plumber for work samples. I didn't ask my CPA for work samples.

I haven't provided work samples for years and won't start doing so again. I will provide references, a copy of my resume and state certificate.

As Bobby Bucks would say" No More Work Samples!" Right Bobby?
 

Ross (CO)

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
They DON'T look at the samples anyway ! They are all too busy, with too many other regular work-day duties to give a rip about committing time to actually read a sample report. I do like Roger's idea of cloning some recent good reports, then literally changing the key numbers and names describing client, subject, comps, and respective identities, etc., et al. With it goes an attached page stating that you have done just that. Or, you submit the ones with the multiple lines blacking-out all that confidential info. Either way they are NOT going to look at them ! None of your samples involve a direct transaction they are currently trying to "close". Your sample will always be on the bottom of the to-do pile ! How much more proof do you need ----think of the reports you have seen over the years which are chock-full or errors, wrong info, dis-jointed data and analysis, illogical text explanations and 1 and 1/2 train-car loads of useless addenda designed to confuse more than to protect. These were reports which at one time, on one certain day, were actually given 100% consideration toward a lender/investor decision. Clearly, they did NOT LOOK at the report when it really counted !

As an interesting test, however, try "hiding" a line of comment near the end of the sample reports which mentions that you will "Discount $100 off the first assignment" you receive if the prospective client will "photocopy this page" with that sentence circled and faxes it to you WITH that first order, within 30 days (of the date you sent the sample) ! ---I'll bet you never have to honor that $100 discount !
 

sam strahan

Junior Member
Joined
Jan 17, 2003
Professional Status
Licensed Appraiser
State
Texas
just saying no is easy for some to say. however, i am new at this game and feel like i should jump through all the hoops to get work. i have been working under someone producing reports for loan company A. The other day i mentioned i was going to be on my own. They asked for Work Samples! I told them what files to pull. They still wanted work samples. Another fine example of Equal Oppurtunity Employment! glad to be here Sam
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks