DOJ Investigates Big Tech
- Federal Valuation Agency Impact on Appraisers & the Public - July 22, 2022
- Is Georgia Going Rogue? - June 13, 2022
- Bias in Automated Valuation Models - February 28, 2022
The Department of Justice announced last week they have initiated a review of anti-trust concerns with Big Tech Companies. From the Wall Street Journal article, the Federal Trade Commission and the Department of Justice collaborated on who would take the lead on this investigation. Also pointed out in the article, both the FTC and DOJ are pursuing separate investigations of Big Tech Companies. Although CoreLogic was not named as an initial target, we suspect it is just a matter of time before they are included.
Frank Garay and Brian Stevens did a short 6 minute video on the subject which will give you the highlights.
Appraisers have the upper hand when dealing with clients. There are tools and resources we have at our disposable to check a companies history and with our peers. We all need to take advantage of them.
First, check to make sure the company is properly registered or licensed to conduct business in your state. If they are not licensed, no need to go further, decline to work for any company not properly registered or licensed.You have no recourse if something goes wrong.
Second, search the appraiser groups on Facebook for posts concerning the company. There are many comments, both positive and negative within these groups. They can be helpful in deciding who to conduct business with. If no results, ask the groups. You will get responses.