Episode 057 - How To Make Agents Mad 101
Episode 057 - How to Make Agents Mad 101
Appraisal licensing classes are so much fun, but none are quite nearly as exciting as How to Make Agents Mad 101. In that class appraisers learn various techniques to really get under the skin of real estate agents. Wait! There is no such class, but I’m convinced agents think there must be that curriculum in appraisal education.
It certainly may seem like with different values, adjustments, and answers, but we really aren’t trying to make people mad at us. It can be frustrating, but once you understand more about the process, rules, and guidelines, it does make a little more sense. Listen in to hear about the things that made agents mad about appraisers and what they produce.
SHOW NOTES
- 00:57 – How can appraisers make agents mad? Appraisers go through many classes and none of them are how to make agents mad.
- 02:25 – Why are values and adjustments different? Conventional versus FHA appraisal with different numbers. Adjustments for adjustments.
- 03:26 – Appraisal is an unbiased, credible, opinion of value. Unbiased: we don’t care about your transaction as our client asked the appraiser to come up with a value to rate risk.
- 04:07 – Opinion: one person’s opinion as this time and type.
- 04:40 – Agents are biased. You are an advocate. You are supposed to get best price for your client.
- 05:10 – No set process to the appraisal process. No adjustment book that all appraisers use. Some rules that all appraisers follow.
- 06:02 – Different rules for different lenders, loan, and appraisal types.
- 07:15 – Appraisers look at the rules differently.
- 07:42 – Appraisers are not the enemy of the agent. Most appraisers are not out to get you or make you mad.
- 08:33 – It takes more time and energy when the appraiser comes in “low”.
- 09:15 – Like agents and pizza, not all appraisers are of the same quality.
- 10:32 – You get what you pay for. Quality is worth the money.
SHOW LINKS
- Evil laugh – https://www.youtube.com/watch?v=7edeOEuXdMU
- Unbiased opinion of value - https://www.reddit.com/r/Showerthoughts/comments/ah2tqm/unbiased_opinion_is_an_oxymoron/
BETWEEN THE LINES LINKS
Web
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube