Agents Doing The Appraiser's Job
Released Tuesday, 25th October 2022
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Agents Doing The Appraiser's Job
Agents Doing The Appraiser's Job
Tuesday, 25th October 2022
Good episode? Give it some love!
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Episode 133 - Agents Doing The Appraiser's Job
Desktop appraisals are becoming more prevalent and will only continue to grow in popularity in the lending world. How will this affect appraisers, agents, and your clients? Be ready to kick in some more work to help get that appraisal done, agents. The road ahead looks a little messy.
SHOW NOTES
- 03:00 – What is a desktop appraisal?
- 06:58 – How does the appraiser collect information about the property?
- 10:38 – What if the public information is not correct?
- 12:00 – Fannie Mae will require a floor plan sketch of the property showing interior walls with ingress/egress, interior doors, etc.
- 14:10 – What about liability concerns for agents and appraisers?
- 17:25 – Fannie Mae cares about their risk and their needs. They do NOT care about the borrower or any other party when accepting desktop reports.
- 21:05 – Ask your lenders how they are handling desktop appraisals so you can serve your buyer clients.
BETWEEN THE LINES LINKS
Web
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
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From The Podcast
Real Estate Appraisal Between The Lines
Brian Lee is an acclaimed real estate appraiser, broker, instructor, and construction expert with over 25 years of experience. He received his bachelor’s degree in Finance and Real Estate from Indiana University. (GO Hoosiers!) After a disappointing attempt at being the next Jedi Master in the latest Star Wars movie, he discovered the "Force" was strong with him as a Real Estate appraiser and speaker.Brian's knowledge and experience has taken him across the galaxy to train agents on topics including: real estate appraisal, agency, brokerage, business operations, contracts, and investing.He loves helping agents provide value to their clients by adjusting agents’ perception and knowledge of valuation, CMA prep, and appraisers. When Brian isn’t yapping in front of an audience or assisting agents to achieve real estate mastery, he attempts to keep his wife happy and occasionally makes his kids laugh. (Jedi Mind Tricks don’t work on the strong-minded.)Real Estate Appraisal Between the Lines is all about helping agents understand the pieces and parts of the valuation process, appreciate why appraisers do what they do (besides make agents mad), and by providing tips to write a better CMA. Tune in every week for a new suggestion and an occasion dig at those pesky valuation experts.Brian currently resides in the Indianapolis area, where he rides his Harley and builds LEGOs. Make your day legendary!Join Podchaser to...
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