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Unlawful influence of appraisers

By Manuel Bernal

Real Estate Broker/Owner with Bernal Capital Group 00468198

June 17, 2009 06:54 PM

Effective October 5, 2007, California Civil Code Section 1090.5 was enacted to address the problem of the improper influence of real estate appraisers in the State of California. In the Spring 2009 edition of the Department of Real Estate Bulletin, there is an article describing a list of practices which may constitute evidence of a violation of California Law and should be avoided when engaging the services of a licensed real estate appraiser.

Mortgage Lenders and Real Estate Brokers should read the article to be aware of actions that could lead to potential disciplinary action by the California Department of Real Estate.

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Cameron Novak

The Homefinding Center - 1000 Palms, CA

Real Estate Broker since 2008

I understand the "improper influence" issue... but what I don't understand is why appraisers have no accountability for providing accurate appraisal reports. They can absolutely butcher an appraisal and they're immune to getting called to the mat for their errors.

Am I wrong? That's how I see it. I've had some incredibly poor appraisals, using poor comps, and completed by an out-of-area appraiser... but I could do nothing to force the appraiser to use the proper (closer, model match, more recent) comps.

Cameron Novak
Corona Real Estate Agents
The Homefinding Center^TM
Corona, California
951-212-7479

Jun 17, 2009 07:07 PM

Unlawful influence of appraisers

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Manuel Bernal

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