Crazy Sh*t In Real Estate With Leigh Brown

411 - What Makes Appraisers an Irreplaceable Role in Real Estate with Peter Gallo

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Synopsis

Welcome to this episode, where Peter Gallo brings attention to the crucial responsibilities of certified independent appraisers and their challenges, gradually sidelining them from the home valuation process. Join us as we delved into his personal encounter when he questioned a tech company representative regarding regulatory compliance. Our discussion covers insightful subjects that will educate not only home buyers and sellers but also real estate professionals. So, tune in and stay informed!   Key takeaways to listen for How appraisers and data collectors differ during a home valuation  Key solution for the crisis faced by independent appraisers Risks posed by tech companies taking part in the appraisal process Factors that prove the vital role of independent appraisers Why it’s impractical to have data collectors conduct property valuation   Resources mentioned in this episode ChatGPT Fannie Mae Freddie Mac American National Standards Institute  Appraisal Management Company  Home Valuation Code of Co