The $10,000 Mistake: When Agents Pretend to Be Appraisers

[Mejappz]

 

[Mejappz]

So sad that the AMCs, GSEs, and FHA have blurred the line, and consumers are bleeding money.

 

[glenn walker]

Ever try to collect $10,000 from a realtor or appraiser....good luck..lmao

 

[djd09]

ain't much worse then the mortgage broker estimating value...

 

[glenn walker]

ain't much worse then the mortgage broker estimating value...

Many States are non manditory like California where you are only required to be licensed if doing FRT work and calling yourself an appraiser is not ilegal.

Just like many MAIs would retire and
not renew licences but continue doing appraisals and consulting.

 

[djd09]

Many States are non manditory like California where you are only required to be licensed if doing FRT work and calling yourself an appraiser is not ilegal.

Just like many MAIs would retire and
not renew licences but continue doing appraisals and consulting.

you are making progress...before it was the mortgage broker didn't do an appraisal congrats

 

[glenn walker]

I think a better title would have been appraisers pretending to be appraisers.

 

[djd09]

yeah they are kind of like sanctuary appraisers...not so legal

 

[Surf Cat]

"Wait a cotton picking minute" LOL

 

[chad hampton]

What a great system, the agent got fined and the AMC got nothing.