During lunch today, I was reading some information – myths and facts – about the Home Valuation Code of Conduct (HVCC), which has been published by Today’s Buyer’s Rep, a publication of the Real Estate Buyer’s Agent Council, Inc.
When looking down the list that differentiates HVCC myths from facts, a few line items caught my eye, but I will only discuss one for this blog, particularly as this applies to Colorado Springs Realtors and Colorado Springs Lenders regarding Colorado Springs Real Estate.
According to the NAR,
Myths Facts
HVCC Prohibits REALTORS® and REALTORS® and lenders can talk to
lenders from talking to appraisers. appraisers, including requests to consider
additional data or to correct errors.
From my experience as a Colorado Springs Realtor, you are not permitted to help with scheduling of the appraiser’s appointment nor are you to have any initiated contact with him or her prior and/or during the appraisal process.
However, if the appraiser initiates the contact with the corresponding Colorado Springs Realtor for any type of information, then this approach does not breach communication etiquette.
Yet, Colorado Springs Realtors, as well as lenders, can initiate communication with appraisers only after the appraisal report has been released.
This appears to be the standard in Colorado Springs. Perhaps you might want to look deeper into this subject about your area regarding HVCC.
Feel free to contact any of our group associates of Colorado Springs Realtors at the following:
Selley Group Real Estate, LLC – 2139 Chuckwagon Rd, Ste 210 – Colorado Springs, Colorado 80919
719. 598. 5101
