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Ambassador
4,314,559
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I do my own CMAs but, a licensed appraiser does appraisals and a licensed appraiser, I am not.

Oct 19, 2019 10:29 PM
Rainmaker
4,143,404
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good luck in your studies.  If remedial classes are available you may wish to enroll.  Just a hunch.  

Oct 19, 2019 06:25 PM
Rainmaker
930,088
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Only licensed appraisers can do appraisals.

As a listing agent, I need to arrive at a value at which a house should be listed for sale. Not an appraisal but a comparative market analysis. Then I have to work with my seller to determine the list price that will actually be posted on the multiple listing service.

As a buyer's agent, I also need to determine value...this time the amount to offer for a property needs to be determined.

My valuation for sale or purchase should not be confused for an appraisal.

Oct 19, 2019 06:59 PM
Rainmaker
1,929,121
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Talk sensibly to me please.

Oct 19, 2019 06:16 PM
Ambassador
1,828,688
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Appraisers do apprasals.

Oct 19, 2019 06:41 PM
Ambassador
3,083,213
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies.

Oct 20, 2019 11:46 AM
Rainmaker
999,000
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

No, we do CMA's or BPO's not appraisals. They are all simply opinions of value

Oct 20, 2019 06:19 AM
Rainmaker
4,184,314
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

1. I am not a sales agent. I am a broker. There are no sales agents in North Carolina. We are all either provisional brokers or full brokers. And you can be a provisional broker for only two years.

2. I am not an appraiser and have no legal right to appraise as it's a licensed profession, much as real estate brokerage is.

Oct 20, 2019 06:09 AM
Rainmaker
1,644,982
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

As John Juarez wrote. As professionals, we all need to be precise with the selection of terms and words. Appraisal, BPO, CMA all are different.

Oct 20, 2019 06:04 AM
Rainmaker
4,271,672
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

We list and sell real estate. Licensed appraisers do their thing.

Oct 20, 2019 05:21 AM
Rainmaker
1,385,824
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Of course not. 

Oct 20, 2019 05:17 AM
Ambassador
933,369
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I am not usually flip when a new student asks a question. It's how we learn. But this one was so absurd it's hard not to suggest you might want to train for a different profession.

Licensed appraisers do appraisals. Real estate agents do non-binding market analyses.

And I AM a licensed appraiser also but cannot do appraisals on my own deals. 

Oct 19, 2019 08:36 PM
Ambassador
2,633,085
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Does a ticket taker drive the train?

Oct 20, 2019 06:00 AM
Rainmaker
4,095,121
Richard Weeks
Dallas, TX
REALTOR®, Broker

No, I don't have an appraisers license.

Oct 20, 2019 03:27 AM
Rainmaker
966,216
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

No. I am not an appraiser. If you are a student or, heaven forbid, licensed agent, please do yourself a favor and review the real estate terminology and definitions found in your textbook. 

Oct 19, 2019 08:56 PM
Rainmaker
535,339
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Lenders use management companies here for Appraisals.

As agents we can do CMA's but only a licensed Appraiser can do this.

Oct 19, 2019 08:02 PM
Rainmaker
1,961,595
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

No, I am not an appraiser. 

Oct 19, 2019 07:23 PM
Ambassador
5,469,111
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

We do real estate CMAs and timber appraisals, but leave the real estate appraisals to those licensed to do this.

Oct 19, 2019 07:13 PM
Rainmaker
890,893
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Are you referencing a comparative market analysis when you state appraisals? Appraisers are the only ones licensed to perform an appraisal. Real estate professionals perform a market analysis regularly in representing a buyer or seller.

Oct 19, 2019 07:01 PM
Rainmaker
690,175
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I am a Real-TOR, not an Appraiser. We don't use their form or claim to do appraisals. We do a valuation. Best of luck in your studies.

Oct 20, 2019 01:03 PM
Rainmaker
1,394,969
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

.

Oct 20, 2019 10:54 AM
Rainmaker
1,255,241
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Heck no. 

Oct 20, 2019 10:41 AM
Ambassador
1,923,794
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Sales Agents do not do appraisals.

Oct 20, 2019 07:49 AM
Rainmaker
5,572,203
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

a market analysis..... we are not fee appraisers..... 

Oct 20, 2019 06:25 AM
Rainmaker
2,030,490
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Very few Agents can legally do Appraisals

Oct 20, 2019 05:36 AM
Rainmaker
894,317
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

"Yu all' sales agents are not licensed to do an appraisal.

Appraisals, for 'Yu all' agents are instruments used by lenders to make sure they don't buy/finance a property the deem valued improperly.

You all agents often need to anticipate what an appraisal will reflect and protect the seller accordingly. Very often an appraiser will originate hundreds of miles from the area of the subject property meaning the appraiser has little knowledge of the local market.

You all agents role is to determine the real market value of real estate by identifying the price at which a willing seller and able buyer agree. This is reflected in the signed purchase agreement. Others like to interfere with this free market concept. When that happens value becomes a distortion.

Oct 20, 2019 05:32 AM
Ambassador
4,610,196
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I am not a licensed appraiser and the bank for the buyer would never allow it.

Oct 20, 2019 05:54 PM
Rainmaker
1,597,830
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No. I don't.

Oct 20, 2019 03:15 PM
Ambassador
3,044,781
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I can offer a "suggested list price" but I am not an appraiser and I cannot do an appraisal. 

Oct 20, 2019 12:28 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I only appraise those asking questions here.

Oct 20, 2019 12:18 PM
Rainmaker
2,649,348
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

An agent should know how to assess value and stand ready to share value

Oct 20, 2019 12:03 PM
Rainmaker
1,158,337
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

THat is a different license. 

Oct 20, 2019 11:53 AM
Rainmaker
3,511,963
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many great responses.

Oct 20, 2019 09:33 AM
Rainmaker
827,932
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Appraisals? No, only CMA's.

Oct 20, 2019 07:18 AM
Rainmaker
899,698
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

No, not licensed in that area.

Oct 20, 2019 07:13 AM
Rainmaker
551,658
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Only licensed appraisers do appraisals.  

Oct 20, 2019 07:39 PM
Rainmaker
5,656,055
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Study hard...

Oct 20, 2019 02:49 PM
Rainmaker
1,528,066
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Most agents do not do appraisal inspections, only if they have a license to do so. 

Oct 21, 2019 12:04 AM
Rainer
215,913
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

Not licensed for that.  Lenders will send their own appraisers.

Oct 21, 2019 02:03 PM
Rainmaker
5,003,730
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We sell real estate, appraisers do the appraisals.

Oct 28, 2019 03:07 PM
Ambassador
1,767,616
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Many people confuse Appraisals with the Price Opinion (called CMAs) given by real estate agents. CMA means Comparative Market Analysis. These are unofficial opinions of price based on comparative information on currently listed home, pending sales, and closed sales.  An official appraisal by a certified appraiser is required on any property that involves a bank loan. 

Oct 26, 2019 08:00 AM
Rainmaker
4,055,689
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Have to be licensed 

Oct 24, 2019 09:50 AM