Realtors that Are Appraisers

Folks, this is Just my Personal Opinion but I feel it is a Serious Conflict of Interest for a Real Estate Broker to be an Appraiser. They say it is Legal and somehow ok, as long as they are not a Party to the deal. But how can they NOT be a party to the deal.

Especially in a small town, where peer pressure is king. I feel that the Real Estate Broker and the Seller, quite often just NEED the deal to go and with this the Mortgage Broker and the Appraiser gets paid as well. The buyer is often times left with a home they cannot really afford and this NEW appraisal for what is really above market creates a false market whereby over time the market will inevitably crumble.

And if the Real Estate Broker / Appraiser has a copy of the Buy Sell agreement before appraising than how is it a real appraisal based on Solds? Why does an appraiser need a copy of a Purchase Agreement before they appraise a property? The only reason I can think of is to make sure it appraises. And surely if an appraiser has this copy and sees a HUGE amount going back toward the buyers loan, the appraiser would adjust for this???

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