Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate)

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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Risky business - and - would a lender accept an appraisal done by one of the agents involved in the transaction as an agent as well?

Oct 31, 2015 02:50 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It certainly calls for full disclosure on the home inspector part, but I don't think it is possible to sell and appraise the same property. I have been certified as an appraiser at one time but my primary purpose was the knowledge base about valuing a home.

Oct 31, 2015 05:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Personally, I would be very very careful about doing so. Lenders order appraisals most of the time, so it would be hard to appraiser your own sale. But doing inspections might lead to more liability than it's worth.

Oct 31, 2015 03:20 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Potential for a conflict of interest.

Nov 21, 2016 03:41 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Evelyn - I just want to be Real Estate Agent/broker....lol.

Nov 19, 2016 03:55 PM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I would not try to do my own appraisals or home inspections due to conflict of interest. My broker wouldn't allow any agent in our office to do it either. I would get licensed to do other repairs like general contracting, plumbing, etc.

Nov 02, 2015 06:58 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Evelyn Johnston Disclose, disclose, disclose. Don't do it if there is any potential for a conflict of interest.

Oct 31, 2015 10:50 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I would not do it. 

Oct 31, 2015 10:01 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Evelyn. I see that as a conflict of interest, not something I would be willing to do.

Oct 31, 2015 08:00 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I would think it would be a conflict of interest.  You sure would be busy though.

Oct 31, 2015 02:15 PM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Evelyn, getting several licenses isn't really problematical, but using more than one in a single transaction could get interesting.

Oct 31, 2015 01:29 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Back in the day when many agents were taking loan applications, always thought this was a conflict of interest.

Oct 31, 2015 09:22 AM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

It is hard to do all of them WELL

Oct 31, 2015 08:21 AM
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I don't think multiple licensing would benefit me but the knowledge gained by the training would. I agree with Annette Lawrence , Palm Harbor, FL 727-420-4041 about the benefit for clients with whom I have done repeat business and have a long term relationship. But as Annette said I would not produce a written report for them. 

Oct 31, 2015 08:20 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Here in CA you can be Appraiser & Realtor & mortgage rep. I worked with many Realtors who also were helping with a loan( have to be a broker, I believe).

Oct 31, 2015 06:59 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

I think it's a gray area to use yourself in a transaction, but the code of ethics says that it's ok as long as you disclose.

Oct 31, 2015 06:56 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I am not interested in pursuing any of these other licenses, I just wanted to know what you thought of the idea.

Oct 31, 2015 06:25 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't believe it would be ethical to be the appraiser or inspector for any of your own transactions.

Oct 31, 2015 06:16 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Many loan persons represent buyers to enhance income.

You can do all these tasks(LOAN is what you need to replace Appraiser by).

Should be independent.


Oct 31, 2015 06:09 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If it can be done...If one has the desire...unleash it!

Oct 31, 2015 05:46 AM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Legally there is a conflict of interest in many cases of multiple license usage and when you file your taxes, the IRS likes legal activity to be reported if you want a refund. Be sure there are no legal issues when you are conducting multiple services for your clients.

Oct 31, 2015 05:17 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

With investors or repeat buyers, those with whom I have a long established BUSINESS relationship, I can see significant benefit.

However, the once every 15 year buyer/seller that I met for the first time yesterday, I would not. However, even in this instance, I would use those skills to the benefit of the buyer or seller but I would NOT produce a report for them in any of those disiplines.

Oct 31, 2015 05:15 AM
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I think agent and appraiser might not fly with the banks, agent and home inspector I guess could work, but you might be opening yourself up for some lawsuits. If it were me, I'd focus on one and be the best at it, chances are you'll make more money doing that compared to several just being ok.

The one I have considered is real estate agent and insurance. Not pursude it in the least yet, but it has crossed my mind.

Oct 31, 2015 04:12 AM