Water Front vs Water View

[Mountain Man]

THAT is why WE are APPRAISERS and NOT Realtors......

Good Gawd, for Pete's sake QUIT MISTAKING REALTORS FOR AGENTS!! A Realtor is ANY real estate professional, appraisers included, who have joined the Board of Realtors. A licensed sales person is a typical "agent" who may or may not be a Realtor.

Realtor/Appraiser & Broker
Mountain Man

 

[David Sawyer]

Good Gawd, for Pete's sake QUIT MISTAKING REALTORS FOR AGENTS!! A Realtor is ANY real estate professional, appraisers included, who have joined the Board of Realtors. A licensed sales person is a typical "agent" who may or may not be a Realtor.

Realtor/Appraiser
Mountain Man

Why don't we just refer to them as realtards and leave it at that!

 

[Lysander in Charlotte]

Rick, You mentioned the "old listing agent". I took this to mean that the property had been previously listed, and that the current owner's purchase was based on this listing. If so, the current owner is the potentially damaged party. You don't have to do anything other than your job in appraising as a water view property to set the wheels in motion.

 

[Hamlet]

I guess my question is, what is the action to take?

If the appraiser did this, it's a no-brainer. And it doesn't matter if it was intentional or not. The appraiser certifies that he will not make a mistake or series of mistakes that leads to results turning out not to be credible.

But the real estate agent--what obligation is he under? Won't he just say, "But I didn't know! It sure looked like waterfront to me!" ?

To what body do you turn in his listing or cma?

And since no one has settled on this property, what are the damages anyway? No one was burned as a result of their misrepresentation--be it from dishonesty or stupidity.

The real estate agent is obligated to their client. If their client was hurt in the transaction, they would have cause to sue. You could turn them into the local board or the division of real estate in your state. They cannot misrepresent a property on purpose and they are required to report facts. Many boards impose fines for misrepresenting properties in the MLS.

 

[Hamlet]

Good Gawd, for Pete's sake QUIT MISTAKING REALTORS FOR AGENTS!! A Realtor is ANY real estate professional, appraisers included, who have joined the Board of Realtors. A licensed sales person is a typical "agent" who may or may not be a Realtor.

Realtor/Appraiser & Broker
Mountain Man

And this is the reason why appraisers should not call Realtors realtards.

 

[Functional Obs]

Rick, You mentioned the "old listing agent". I took this to mean that the property had been previously listed, and that the current owner's purchase was based on this listing. If so, the current owner is the potentially damaged party. You don't have to do anything other than your job in appraising as a water view property to set the wheels in motion.

Ahh, sorry, there was a short sale that came up short so to speak. So when the property was foreclosed upon, the bank hired a new listing agent.

The previous agent listed as waterfront. The current agent listed as vague, but when called on the phone identified it as waterfront.

Not worried about doing anything more, but it does bother me that someone is allowed to list it as waterfront (or identify it verbally) and misrepresent the property that way. It seems a bit more than calling a small place "cozy" or an ugly place "charming." It seems like there ought to be a governing body for agents that would be interested in such gross false advertising.

 

[Functional Obs]

Many boards impose fines for misrepresenting properties in the MLS.

This is interesting.

What I wonder is whether the agent will just say, "But I didn't know ... it looks like waterfront."

Whereas the appraiser is required to verify, and if he doesn't, there's no "I didn't know" he can hide behind.

 

[Hamlet]

This is interesting.

What I wonder is whether the agent will just say, "But I didn't know ... it looks like waterfront."

Whereas the appraiser is required to verify, and if he doesn't, there's no "I didn't know" he can hide behind.

There isn't a "but I didn't know" for RE agents either. They better not advertiser it as waterfront if it isn't. They can be held accountable, but it is the same for appraisers, they have to be turned in and there has to be enforcement.

 

[residentialguy]

Won't the new home owners be surprised when they see the neighbor's new fence in front of their view!

Or maybe the neighbors sunning themselves on what they thought was their waterfront.

 

[Hamlet]

Won't the new home owners be surprised when they see the neighbor's new fence in front of their view!

Or maybe the neighbors sunning themselves on what they thought was their waterfront.

If that is the fence, it can easily be removed. Just throw a couple of pizzas and some Ben & Jerry's away from the water and voila....fence removed!