Contemplated Interest When Doing An Appraisal?
The Realtor, who is a licensed appraiser and a commercial real estate broker, conducted a lender-ordered appraisal for an owner looking to refinance. Afterwards, owner decided to sell and hired same Realtor. Once under contract, the Realtor didn’t tell the buyer’s lender about serving as both the listing broker and appraiser. Did the Realtor have a contemplated interest when conducting the appraisal? Is this a violation of Article 11?
Categories
Recent Posts
RE Q&A: HOA Pay for Parking During Repairs?
U.S. Consumer Sentiment Largely Unchanged
New Health Insurance Planning Tool Coming Soon
Some Buyers See Downturn as an Opportunity
Small-Space Gardening for any Area
U.S. Coasts See Sinking Land, Rising Seas
Two New Consumer Guides Available
Mortgage Rates Edge Higher This Week
Mortgages After a Disaster: What to Expect
Disclose Contemplated Interest in Property Appraised