- May 25, 2002
- Professional Status
- Certified Residential Appraiser
Ya, think?! They sure do make seem so in those slick TV shows.Mr. Horner, the lawyer, said valuation is a tricky area for brokers................ “Brokers aren’t appraisers,” said Mr. Horner, one of the writers of a guide to suing brokers. “They have no obligation to opine about value. But once they do, it becomes a gray area whether it’s puffery or a misstatement of a known fact.”
If a few of these cases go the buyer's way, look out, this could catch on like wildfire:
Problem is, didn't *someone* have to buy at the "peak" at some point in time?
If this logic were applied to the stock market, wow.
Appraisers will be the next target, I'm sure.