Realtor reviewed report before it was finalized

[Joyce Potts]

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.

This should be a lesson to you that despite the lack of including the Realtor as an intended user, doesn't mean a whole lot, even as a defense in a legal action based on a couple of lawsuits where a federal judge indicated '.....the appraiser should have known the borrower was going to rely on the report....' it's a losing battle.

Simply tell the Realtor that without written permission by your client, you're not a liberty to discuss the appraisal and to address all of the concerns to the lender and deal with it from there.