Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
waiver jacks up the price
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Voice of Appraisal
- Thread starter Terrel L. Shields
- Start date
waiver jacks up the price
Surf Cat
Senior Member
- Joined
- Apr 21, 2003
- Professional Status
- Certified Residential Appraiser
- State
- California
"The big Fannie is juicing the cookies" Lol
There should be some sort of required indicator that a sale was waived within the MLS. In the CRMLS, sales are labeled as Standard, Trust, Probate, ect. Why not waived?
It's an interesting take that it's on the shoulders of the realtor/broker not performing their fiduciary responsibilities by not warning their clients that a waiver is being utilized for the purchase and they should get their own appraisal. As opposed to being the responsibility of the lender.
Who's supposed to protect the consumer?
There should be some sort of required indicator that a sale was waived within the MLS. In the CRMLS, sales are labeled as Standard, Trust, Probate, ect. Why not waived?
It's an interesting take that it's on the shoulders of the realtor/broker not performing their fiduciary responsibilities by not warning their clients that a waiver is being utilized for the purchase and they should get their own appraisal. As opposed to being the responsibility of the lender.
Who's supposed to protect the consumer?