2007-11-19 09:11:19 · 4 answers · asked by mike jones 1 in Business & Finance ➔ Renting & Real Estate
Good question...
I'd assume there's a conflict of interests in such a case. It maybe legal, but not ethical. I think a licensed appraiser should know the answer.
You can go on a website of Appraisal Institute and send them an email. I'm sure they know because they are the ones "setting standards" for appraisers.
2007-11-19 09:24:53 · answer #1 · answered by REALTOR 3 · 0⤊ 0⤋
Possibly, depending on the nature of the appraisal and its purposes. However, if the nature of the appraisal has anything to do with obtaining a mortgage, insurance, or anything similar, it would be considered a conflict of interest.
He could do an appraisal, for instance, if the other owner(s) simply desired a market value approach appraisal.
2007-11-19 09:20:29 · answer #2 · answered by acermill 7 · 1⤊ 1⤋
Not usually. This would be considered an 'Arms length transaction.'
2007-11-19 09:18:27 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Not ethically, and in most states probably not legally.
2007-11-19 09:18:44 · answer #4 · answered by miss_nikki 5 · 1⤊ 1⤋