Webbed Feet
Elite Member
- Joined
- Feb 11, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Canada
Ruled on and ruled on and ruled on; Over and over.
There are many publicly available rulings that appraisers who cannot seem to get what Market Value means through their noggins should be directed to read by State appraisal boards.
JGrant .. I saw it THREE times this week .. by three different appraisers who indicated because the subject was an REO, they must adjust down the market transactions ..... its not rare .. it happens everyday ....
Oh and by the way .. all three of those reports were rejected because the client requested Market Value ..... the client agreed with me ... and the appraisers argued like hell ... but to no avail .. their reports were rejected.
There are many publicly available rulings that appraisers who cannot seem to get what Market Value means through their noggins should be directed to read by State appraisal boards.