Recently Fannie Mae updated the appraisal reports that appraisers use. On it, it asks if the appraiser reviewed the sales contract on a purchase.
I went on an assignment this week and when I asked for a copy of the sales contract for review, the realtor asked "why" I needed. it. After explaining that Fannie Mae required that I review the contract as well as the lender, and that I have to verify if there were any terms of sale or concessions, or anything that pertained to the sale, she stated, "well, we all know what we're suppose to do, but this is just to important of a sale to show you the details of the contract." I was a bit taken back! I politely stated that I would be calling the lender to let them know what she had said and that she would be holding up the appraisal process. She gave me 'firm' look and stated she would fax me copy within the hour. I got the copy. Not sure if it was the original or not, but its in my work file none the less!
The contract didn't have anything substantial, or anything that I would consider "unusual", however, she was shameless none the less. My issue about this isn't "can't we all just get along?" Its about knowing what you are suppose to do, what the law is, what is right and ethical and doing it regardless of what is at stake and not trying to slide by or get around the law.
There are times when I go on assignment and the realtors have everything I need before I even ask, and go beyond the call of duty to being helpful, so I'm not upset by the one! Just taken back a bit!
Random thought and sharing experience complete!
Have a wonderful week! And be honest!
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