Comments on: California Passes Law Forbiding Appraisers to Hit Price Targets http://www.therealestatebloggers.com/2007/10/10/california-passes-law-forbiding-appraisers-to-hit-price-targets/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Bill http://www.therealestatebloggers.com/2007/10/10/california-passes-law-forbiding-appraisers-to-hit-price-targets/comment-page-1/#comment-91390 Bill Wed, 31 Oct 2007 22:16:22 +0000 http://www.therealestatebloggers.com/2007/10/10/california-passes-law-forbiding-appraisers-to-hit-price-targets/#comment-91390 You must not be a loan officer or an appraiser. This law is meant to prevent the shopping of appraisals by loan officers among several appraisers until they find one whose ethics can be bought. At that point there are legal repercussions against both the appraiser and the loan officer that are stipulated by this law. You must not be a loan officer or an appraiser. This law is meant to prevent the shopping of appraisals by loan officers among several appraisers until they find one whose ethics can be bought. At that point there are legal repercussions against both the appraiser and the loan officer that are stipulated by this law.

]]> By: Mike http://www.therealestatebloggers.com/2007/10/10/california-passes-law-forbiding-appraisers-to-hit-price-targets/comment-page-1/#comment-82839 Mike Thu, 11 Oct 2007 13:23:45 +0000 http://www.therealestatebloggers.com/2007/10/10/california-passes-law-forbiding-appraisers-to-hit-price-targets/#comment-82839 Here is another one of those useless laws that has hardly any enforceable merit. Why do appraisers need a law to stop them from being pressured!!! If they cant ethically hit a value then they should not do it. Why do they need a useless law to cry on? Appraisers are suppose to be licensed professional that should be able to self regulate a simple decision to write an appraisal that they feel pressured to do. I am tired of our government micro-regulating every little issue that can be handled by the industry or us Americans! This is just another example of the trade off in power that has occurred in our country. What ever happened to the "Invisible hand" principle our country was founded on? It seems more like its been slapping us in the face and making us say who's our daddy. Who's your daddy??? Here is another one of those useless laws that has hardly any enforceable merit.

Why do appraisers need a law to stop them from being pressured!!!

If they cant ethically hit a value then they should not do it. Why do they need a useless law to cry on? Appraisers are suppose to be licensed professional that should be able to self regulate a simple decision to write an appraisal that they feel pressured to do. I am tired of our government micro-regulating every little issue that can be handled by the industry or us Americans!

This is just another example of the trade off in power that has occurred in our country.

What ever happened to the “Invisible hand” principle our country was founded on?

It seems more like its been slapping us in the face and making us say who’s our daddy.

Who’s your daddy???

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