Realtor reviewed report before it was finalized

[sdanders63]

I turned in a report for an order last weekend. Approximately 4 hours later I received a phone call from one of the realtors involved in the purchase of the property. She had viewed the report and had had some specific questions about it. This was unusual for three reasons: 1. To my knowledge, the report had not yet been reviewed by an underwriter and had not been finalized, 2. The realtor had not been named as an “intended user” of the report, and 3. It was Saturday. Has anyone else experienced this? Any recommendations for how to prevent this from happening in the future? I have messaged the AMC but haven't heard back.

 

[Joe Flacco]

Uh.. if you signed the report and sent it, it is finalized.

 

[George Hatch]

Calm, cool and collected. Don't lose your frame. Just the facts.

"I am not at liberty to discuss the particulars of this appraisal report with you. It's a licensing thing over which I have no discretion. Were I to violate these restrictions it would subject my license to discipline from the State Appraisal Board. Sorry. "​

​

If they are talking about your report containing factual errors then you can encourage them to send info over to correct such errors (if the AMC permits it to go straight to you), After all, it's not in your interests to just blow off allegations of factual errors or to have a bad appraisal out there with your name on it. But as far as discussing or debating opinions and conclusions with them there is no future in that. All a discussion does is provide them with an opportunity to mischaracterize your tone or your comments in an effort to put pressure on you to submit to their will.

 

[Tom D]

I would have asked why the call. Might be a simple answer, but lenders do not like anyone seeing the report before them. You can answer as George has stated. But i would like to know why the call, so as to be prepared, in case lender joins in. And it might be not anything. It's no big deal princess. i mean appraiser.

 

[glenn walker]

I turned in a report for an order last weekend. Approximately 4 hours later I received a phone call from one of the realtors involved in the purchase of the property. She had viewed the report and had had some specific questions about it. This was unusual for three reasons: 1. To my knowledge, the report had not yet been reviewed by an underwriter and had not been finalized, 2. The realtor had not been named as an “intended user” of the report, and 3. It was Saturday. Has anyone else experienced this? Any recommendations for how to prevent this from happening in the future? I have messaged the AMC but haven't heard back.

If signed and received by lender and no changes had been made they can give borrower a copy. A borrower can also give a copy to their Realtor...A reader can be anyone and hard to do anything. But you have no obligation to talk and discuss the report to anyone but the lender client.

 

[Tom D]

Realtors are not the enemy. Maybe the uneducated, but overall likeable.

 

[Elliott]

With the interweb once a report is sent.....it can go everywhere. When I get the HO or realtor call, I usually say, "I can't talk about the report unless authorized by the client, but why don't you ask your questions and maybe we can talk about it in general terms, ok?" YMMV

 

[Fernando]

What were the realtor's concerns? Minor or Major mistakes or Value?

 

[glenn walker]

On Super Bowl Day someone passed their appraisal to 18 drunks all to review it and point out all the mistakes the poor appraiser had made. Everyone today is a expert on valuations and just ask them because they got google and Zillow and we all know it's as good as it gets..Lmao

 

[sputnam]

Once you have delivered (transmitted) an appraisal report to your Client, you have no control over how it gets distributed. The confidentiality required by the Ethics Rule of USPAP says that you can not discuss assignment results with anyone except your Client, parties specifically authorized by the client, state regulartory agencies, third parties as authorized by law, or a professional peer review committee. Assignment results includes your analyses and conclusions. You certainly can talk with the Realtor about things like site size, the GLA of the dwelling, etc. Do not get suckered into discussing confidential information. You can always listen to whatever the Realtor has to say without comment. Politely and professionally tell the agent that what you can discuss with him/her is limited by regulation.