Comments on: The Appraisal Complaint National Hotline

By: Baggins

Baggins — Fri, 01 Nov 2013 22:54:39 +0000

A borrower, purchaser and seller almost always have absolutely nothing to do with appraiser independence. They’re not the clients. Just goes to show you, this hotline is being abused from the start. Such non client parties should be disallowed from using the hotline. Remember when the hotline was reportedly in the works directed specifically for appraiser use, with some test phone number or something along those lines and the lines overloaded with thousands of appraisers calling in, so many they shut it down? Somehow it’s changed, so that appraisers would be less likely to call, but rather be called upon. Appraiser independence is more like a myth, than a reality. Brokers direct interested parties to complain upon appraisers. Commission based persons and persons with a financial interest in the appraisal value opinion should be disallowed from using this hotline. Fail – from the start. I’d be way to scared to call the hotline on a lender regarding appraisal pressure. We all know by now they don’t get in trouble, but the appraiser stands to lose everything.

By: Retired Appraiser

Retired Appraiser — Wed, 02 Oct 2013 20:55:04 +0000

Kentucky is on the list primarily because it is home to some of the most vengeful and lazy Realtors in the nation and some of the worst databases known to mankind. I appraised in over 90 counties across the bluegrass state and only a handful of those counties had data that was reliable. Square footage for the most part seemed to be of little importance to those guys and for years listing the square footage in the records of northern Kentucky counties was an offense punishable by law (kidding…but barely). Northern Kentucky Realtors (Cincinnati’s suburbs) didn’t want to be sued over incorrect square footage so in their twisted minds found it to be less of a liability to list the measurements of every room and hallway rather than the area of the home. (no liability there guys…LMAO). My suggestion for KY Realtors and MLS boards would be LEARN HOW TO MEASURE A FREAKING HOUSE and publish it. If you don’t trust yourself enough to accept the liability involved switch to working on car lots.