Sunday, July 26, 2009

Sleazy, Shifty Appraisers Booted From Industry Now Shifting Into Real Estate Sales?

The Tampa Tribune reports:
  • Some appraisers who lost their licenses after unethical behavior during the housing boom are staying in the real estate business. They're becoming real estate agents, according to a report by the national Center for Public Integrity. Instead of appraising homes for sale, some just obtained a license to sell homes for a living. The center's report found that in Florida and California, among the states hardest-hit by the foreclosure crisis, hundreds of individuals whose appraisal licenses were revoked have received other licenses that allow them to continue to represent the public in real estate sales.

For more, see Unethical appraisers now becoming real estate agents.

For the report from The Center For Public Integrity, see Rebuked Appraisers Reborn as Real Estate Agents (Appraisers with Revoked Licenses Still Profit in Real Estate Industry).