Has anyone attempted to bring Ethics Violations against a Realtor for continually making negative remarks against you?

[Overimprovement]

If you are a Realtor on that list, I don't accept the assignment..and I make sure and wait a few days to decline.

I can understand that sentiment for sure, but...is that fair to the buyer/seller?

 

[Tru Red]

My point was, if you have not been appraising very long, you have not been at it long enough to realize that appraisals can get reviewed years after they are done.

I'm thinking out loud for a friend. Possibly, maybe the guy is bat !@it crazy.

This Jeffrey Hilborn "person" posted this as a comment to another question asked by a person:

"Just read appraisal principles and procedures from appraisal institute front to back, make note cards for the big words or phrases (there will be a lot), and memorize the notecards. If you fail after truly doing these steps, then you shouldn't be an appraiser. Go work at McDonalds."

 

[nachocheesefries]

I can understand that sentiment for sure, but...is that fair to the buyer/seller?

Its about being fair to the Realtor...

 

[Stantheman]

We have a actual black list in my office that every order is measured against. If you are a Realtor on that list, I don't accept the assignment..and I make sure and wait a few days to decline. Wait until its a real odd ball and they can't find anyone, then its gets their attention. My note to the lender is always simple "The agent on this file is aggressive and difficult to work with. Thank you for considering me but I will have to pass."

I dislike hearing this. On another Thread here, appraisers are complaining about order cancelations, if you wait to cancel the assignment (also putting off the buyer or homeowner) you're no better than they are. I feel that we are the most professional people in the transaction, and we should rise above the pettiness. Eventually the good realtors and LO's will know who you are, don't worry about the losers.

Remember, you can catch more flies with honey than vinegar.

 

[Sadie]

Are you guys just assuming the market participants are irrational based on similar homes that sold when interest rates were near 3.5%?

One of the first things I was taught is that the real estate market is irrational.

 

[Cob]

If there are five people lined up to put in an equivalent offer, and the seller isn't even using the highest signed offer, how can we as appraisers say that the home isn't worth the accepted contract price?

This is fine and dandy if there are CLOSED sales to support it, but when you have nothing but pending sales what are you supposed to do. It's also kind of hard to make time adjustments in the Austin, TX market when a property is listed for $475,000 in a subdivision where the highest sale EVER was $500,000 and the house goes under contract and sells for $607,000 on an all cash contract.

 

[Stantheman]

This is fine and dandy if there are CLOSED sales to support it, but when you have nothing but pending sales what are you supposed to do. It's also kind of hard to make time adjustments in the Austin, TX market when a property is listed for $475,000 in a subdivision where the highest sale EVER was $500,000 and the house goes under contract and sells for $607,000 on an all cash contract.

Same here 1 million dollar homes going $200,000 over asking price with cash offers.

 

[Tru Red]

Same here 1 million dollar homes going $200,000 over asking price with cash offers.

Same here. My thought is once a home CLOSES for $1,200,000 it is possible others could be worth $1,200,000. But not until it actually closes. They can still walk away until it closes. I think the Hilborn person is suggesting that because there are offers at $1,200,000, the homes are now worth $1,200,000, without actually closing. And if you don't agree, your biased and probably a racist, and you should probably be reported to the authorities and go work at McDonalds and maybe get fired from 1st Nat. Bank of Omaha and.....................

 

[Bob Ipock]

Market Value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus.

Nowhere does it mention comps, adjustments, or any other appraisal terms. A home is worth what people are willing to pay for it. It's insane to think otherwise.

You did not mention "the typical buyer". A property is worth what the typical buyer would pay.........not some fool with more money than brains. Some buyers are now making the worst financial decision of their life.

 

[Bob Ipock]

To bring this back to OP's question--I agree that this realtor is violating their own ethics code. If they are the lead broker already, speak with the local realtor board. If they aren't, go to the head broker. Or whatever they are called in your area. Head brokers do NOT want issues. They want a clean office with lots of sales. We should NEVER have to put up with slander and libelous attacks from anyone, especially those in our own profession.

The problem here is the entire RE agent commission model, which drives almost EVERY one of these types of problems. I don't know that I have a better solution, but it is exactly the same problem mortgage brokers have--no sale, no dinner that night. It's truly a bad setup, BUT, it cries out for someone in the process to be rational and independent, without fear of losing our own dinner from the threats and retaliation from those who may lose theirs... [ends rant]

Never forget. The NAR Code of Ethics is a trade organization. There is no law that requires it be adhered to and no consequences from our justice system. On the other hand USPAP adherence is required by state appraisal board regulations and state statutes as well as federal laws. We all sign a certification that says we did a lot of things. To sign a false certification can cost you five years in prison and a $20 000 fine. The NAR Code means nothing.