I was a Fl. Certified General Appraiser and got out of the business 20 years ago. The industry, as we now know, was rife with fraud. I think it still is, to a certain extent. Conflicts of interest everywhere in a sales environment.
An appraisal is an opinion of value. It is subjective but based on sound principles. It is totally market driven. If the appraiser works for and is hired by the lender, do you think he will hit the lender's number? If he doesn't, he won't last long.
Btw, one sale does not make a market.
If one has strong ethics and standards, one should not be in the business.
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Penna. until '68, Florida since '73.
Last edited by eremite06; 04-24-2014 at 06:05 AM.
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