OK Mr. Appraiser, you get a call from your add in the yellow
pages, and the caller says to you, hello Fred (insert your name here), I saw
your add that you appraise Real Estate, and I need your help. I’m looking to
refinance my home.
Now, you the appraiser have been conditioned, by corporate America, the
big banking chains, and you know how to respond. Don’t you?
“Sorry, I cannot help, you, as the law says the “Lender must engage me” – Take
your business elsewhere, and IF the lender will approve me then I may be able
to help you.
Now ask yourself – Does that sound like free trade, or free commerce, or does
it sound like what it is in fact. – Restrictive trade, and anything BUT free
commerce.
Why does FIRREA say the “Lender must engage?”
Is it because the big banks lobbied for and passed legislation and want to
control the ordering process, so that they can skim the lions share of the fee
for their appraisal management department?
Is it to protect their interests (their assets). Well ask yourself this – I am
licensed. If I am a wrongdoer, the state can revoke my license. Is it not my
job as an appraiser to convey an accurate value estimate?
Real estate law is a precursor to appraisal law - Law of Agency.
Nobody is obligated to hire me; yes, this is true, but when a mortgage
brokerage AGENT agrees to hire me, then the end lender must take my work, the
only provision outstanding is whether I am competent to perform the assignment
at hand.
If a Century 21 AGENT lists a house, can the C21 AGENT tell the ERA or
PRUDENTIAL AGENT we will NOT take that contract from your buyer as we do NOT
approve ERA or Prudential AGENTS to be on our list (So that the C21 AGENT will
ultimately see the entire 6% commission, if and when the listing AGENT sells
the house) - Let them try it! LAWSUIT!
Please join this committee and let’s do our utmost to take our profession back
from the banking lobby, and allow us to conduct trade freely and openly without
restraint!
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