Key Takeaways
- Agents can, and should, communicate with appraisers to provide factual data that may not be readily available.
- After the appraisal, if the report appears inaccurate, clients may request a reconsideration of value from their lender.
- Success depends upon using correct and relevant information, analysis, and documentation.
Communication Do’s and Don’ts
- Real estate agents may advocate for their client by supplying verifiable, objective information to the appraiser.
- Agents should:
• Share information that is factual and supportable with documentation
• Use a consistent checklist or template - Agents must not:
• Influence, pressure, or coerce the appraiser,
• Offer compensation or incentives for the appraiser to arrive at a specific value,
• Interfere with the appraiser’s independence or process.