Undue influence from realtor

[rescom]

So, you are saying the real estate agent said..."if you use that appraiser, I won't do business with you"? I think they have that right even if it might not be justified.

Think of it this way....

You take your car to a dealership for service. The mechanic who does the job screws it up. Now you want to take your car back to the dealership...do you have the right to say...."I don't want that mechanic touching my car!".

Yes. But the appraiser did his job the right way and didn't "screw anything up". If by screwing up you mean not hitting value then its the customer that screwed up with the request.

 

[Gary Schinagel]

They DO NOT have a "right" to pick the appraiser. And neither does the borrower, seller or LO/MB.

The OP is a perfect example of why the lending industry is in a trillion dollar mess and some of the posts remind of why the appraisal process is in dire need of reform.

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They DO NOT have a "right" to pick the appraiser.

Is that the only way you get assignments is because of rotation?

A good realtor is aligned to communicate with ALL the competent appraisers and of course be in the know about the BAD ones whether by virtue of incompetency or just hard to deal with both. The appraisers that are on Bank approved lists are not ALL made to order. You as much want to avoid Prickly issues as WELL as get a solid report. Thats why good business practice includes APPROVED LISTS and established clients(have you ever used a rolodex). The approved lists professionals create through long standing business practices should not be eliminated or reduced because you say so. And because you are on the list. I dont believe in closed networks but it would beat the alternative you seek which is to push your services Off as unavoidable.
Its the bad list that needs to be created that also identifies negative minded individulals as well as incompetent apprasiers both. Smooth competency vs demading. Well who do you want to hang out with for lunch. You can eliminate judges and jury members and thats at the TOP. Some of these attacks are narrow minded. Im sure that all the banks would like to bump you up to first in rotation. HMM
REALLY, NOW ASK YOURSELF ARE ALL YOUR ORDERS OUT OF ROTATION. Wow you might have been referred of someones list. NOT ME:new_2gunsfiring_v1:!

 

[Non Sequitur]

Is that the only way you get assignments is because of rotation?

Is the only way you get assignments is by agents/Realtors demanding you get the order?

As for the rest of your post, your way has resulted in billions of losses because lenders let people who shouldn't be involved drive the process. Good job, good job.

 

[Kevin A. Spellman]

Timothy if these real estate agents have contacted your client, you could do the same. Send a copy of the complaint to the real estate office manager. Inform the manager that every listing they have in their company will receive a copy of your complaint and each new listing will get there’s also. You will get their attention. Every agent you meet, repeat your story. It will get back to the agents involved.

Tim this has happen to me countless times. One agent said I was drunk, one said I ate ice cream during the inspection and an agent said I trashed the house with snow on my boots. This was all because the value did not support their cause.

 

[Offshore]

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They DO NOT have a "right" to pick the appraiser.

Is that the only way you get assignments is because of rotation?

A good realtor is aligned to communicate with ALL the competent appraisers and of course be in the know about the BAD ones whether by virtue of incompetency or just hard to deal with both.

Good realtors + good appraisers = happy loan officers. I'm sure the LOs love you.

 

[Gary Schinagel]

You are way off base Mike. How in the world does the agent have any say in what appraiser the bank uses when even the LO doesn't have a say? I know, I know, in the real world this happens all the time but it's not a function of the rules and regs in place, it's a function of nearly everyone ignoring them. The line of thinking that agents/LO's/builders/ad nauseum can pick appraisers is why we're at a point where a blind rotation may be implemented.

Go get em' Timothy. If they're a Realtor file an ethics complaint, not that it will do much good but at least it will be on record.

Like Forest Gump put it "thats a mean dog" There are always two sides to every story. Litigation should always be the last resort. Is that a wedding ring? Im on vacation got plenty of time to keep it going. There are alot of letters between a-z. I believe Im in the middle RIGHT SIDE. Besides we have you to stand up for the integrity of our profession. Maybe you can POST a sample report so that we might all LEARN SOMETHING.

 

[Offshore]

Im on vacation got plenty of time to keep it going. There are alot of letters between a-z.

Since you have time to spare and are not opposed to agents selecting appraisers, allow me to select some appropriate reading material.
http://www.wsu.edu/~brians/errors/errors.html

 

[Non Sequitur]

Like Forest Gump put it "thats a mean dog" There are always two sides to every story.

No there's not two sides, agents/Realtors do not pick appraisers. But hey if that's how you get your business go ahead and disclose it in your report or better yet I hope your clients are disclosing their procedures to their funding sources. I wonder how that will go over with the regulatots or in the secondary market?

Besides we have you to stand up for the integrity of our profession. Maybe you can POST a sample report so that we might all LEARN SOMETHING.

Oh boy here we go. But since you want to throw down the gauntlet I'll give it a go. Go ahead and post your best and I'll just post one I'm working on now (it's on Ridgeway). It isn't Shakespeare but I didn't have to rely on a Realtor for it.

 

[Gary Schinagel]

Since you have time to spare and are not opposed to agents selecting appraisers, allow me to select some appropriate reading material.
http://www.wsu.edu/~brians/errors/errors.html

The realtors do not pick appraisers but they are entitled to have opinions regarding competency or anything else for that matter. I am not contesting the fact that there needs to be impartiality. The realtors did not order the apprasial or were not able to change it. The system worked. Im stating the issue was already resolved and that now one should be creating needless stress. You guys are not the one who has to pay for the litigation. Have you ever had a value adjustment? Have you ever disagreed with a review. Thats what we are talking about here. Now opinions and slander are two different things. I do not agree with realtors picking anybodys report apart but we work with realtors every day verifying information regarding the market and very often know much more than some of these apprasiers that came out of Taco Bell and have never been in construction or realestate before. My advice is to take the negative and make it a positive. The realtor obviously did not pick the appraiser and they should of course ,not have the type of power to do so. But they ARE allowed to refer reputable Lenders and Appraisers. What I have noticed is alot of finger pointing going on here. And I am abolutely sure that no-one has ever been referred an assignment. This internet thing has made personal relationships absolete. Part of protecting the Bank is established reputable professional relationships. The Banks went down because creative no doc financing was falsley inflating the market. You and others are always placing the blame on our profession directly or indirectly it affects you. From my experience there is only a select KNOWN few appraisers that do not care about protecting their license much less the intergity of the profession as a whole.I am an advocate for honest up front communication. Listen to the answers on the extreme right side. There is no resolution. Thats not advice thats criticism and mud throwing. YOUR WRONG TO ACUSE APPRAISERS AS THE REASON FOR THE STATE ECONOMY. tHEY BAD ONES WERE JUST A SMALL CONTRIBUTING FACTOR(that should be on bad lists). Most apprasiers are within 2% Give me a break. Taking the high road I can tell you is sound advice. People pick your services off lists every day AMC's were not around forever and even they are owned by the Lending institutions AND PICK YOU OFF A LIST. NOBODY PICKED THE APPRAISER HERE. someone is getting advice for INITIATING slander suits. I pray wholeheartily EVERYBODY GET OFF YOUR BETTER THAN ME BANDWAGON that's TUPID!!! I just completed an FHA order that complained about my low value. But it does not matter because that appraisal is attached regardless they cannot change our values without reasoning and they CAN talk all they want its a free country. Its a mute point. With additional research and here in this forum I was able to weed out the right protocol. I am not the Bad guy here. Yours along with others litigation advice is well noted I just think its ridiculous frenzy feeding attitude that does nothing to promote our industry. With no sold resolution or advice. In 12 years appraising I do not know of having one value adjustment EVER. Undue influence can not be had by the realtor they were complaining but out of the loop. What we are talking about is SLANDER LITIGATION. Thats not sound advice thats LAZY HOLY ROLLER TYPE that is eating their own:new_all_coholic:. People can have integrity without BASHING. But as I read here this darn thing is beat dead.Thanks for the reading

 

[Terrel L. Shields]

If you are a Realtor member and they are a Realtor member, bring the matter to the attention of their Broker and ask for a remedy. If that does not work, then take it to the state board or local board (whomever has the authority). Then the RE commission. solicitation to commit a fraud is a crime in most states.