There’s been HVCC, now Dodd-Frank, now TRID and Third Party this and Third Party that – AMCs (Appraisal Management Companies) to help create buffers in business between REALTORS® so those that service deals don’t become too cozy. My interpretation of Dodd-Frank law was that it was meant to right the wrongs of HVCC – to bring about more communication between REALTORS® and Appraisers…without us becoming too cozy in influencing eachs professional task. However, dealing with third party AMCs can sometimes make for a lack of follow through and loss of communication.
Sourced through Scoop.it from: activerain.com
4 REALTOR® Tips To Help Your Deals Appraise Closer To Sales Price
There’s been HVCC, now Dodd-Frank, now TRID and Third Party this and Third Party that – AMCs (Appraisal Management Companies) to help create buffers in business between REALTORS® so those that service deals don’t become too cozy. My interpretation of Dodd-Frank law was that it was meant to right the wrongs of HVCC – to bring about more communication between REALTORS® and Appraisers…without us becoming too cozy in influencing eachs professional task. However, dealing with third party AMCs can sometimes make for a lack of follow through and loss of communication.