Real Estate Analysis and Commentary in [CITY]

Do Real Estate Appraisers Work with Real Estate Agents?
February 28th, 2024 10:42 AM

While real estate appraisers and agents serve different functions in property transactions, there is often interaction and collaboration between the two professions. Let's explore the typical ways appraisers and agents work together.



Providing Comparable Sales Data


When researching comparable properties to estimate a subject home's value, appraisers rely heavily on recent sale prices and property details. Agents are a great source for up-to-date market data on similar homes that have sold.


Answering Property Questions


Appraisers inspecting a home may have follow up queries about updates, repairs, or amenities that the homeowner is not present to address. Listing agents familiar with the property can field appraiser questions by phone.


Facilitating Property Access


Coordinating timely interior access for an appraisal site visit requires communication between the appraiser's office and property occupants. Agents serve as liaisons to schedule convenient appointments.


Representing Client Values


If an appraisal comes in lower than expected, agents can advocate for their buyer or seller by suggesting additional comps, condition factors, or market proof to the appraiser.


Co-Brokering Appraisal Assignments


Many appraisal management companies assign work through real estate broker networks. Agents receive designated leads for appraisal orders from their broker that generate income.


Reviewing Appraisal Reports


Agents review completed appraisals for their transaction clients to flag any errors, omissions or disagreements needing appraiser follow up before finalizing.


While appraisers deliver objective opinions independently, real estate agents play a supporting role supplying important reference materials and facilitating the valuation process. The two work cooperatively toward the shared goal of fair, informed deals. Trusted relationships ensure a smooth collaboration.
Posted in:FAQ's and tagged: FAQ's
Posted by Genie Motto on February 28th, 2024 10:42 AMPost a Comment

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