412 - Unveiling the Truth: The Controversial Role of Data Collectors in Real Estate

In this special episode, Leigh Brown delves into the world of
real estate property data collectors, discussing their role,
potential risks, and implications for consumers and professionals
in the industry. The episode highlights the rise of appraisal
management companies (AMCs) and automated valuation models (AVMs)
and how they came into effect after the housing crisis. Learn the
concerns about the new program introduced by Fannie Mae and
Freddie Mac, which involves sending unlicensed and unregulated
data collectors into homes to gather information for the banks.
The lack of oversight and potential biases are problematic, as
they could lead to inaccurate valuations and manipulation of
property values. The episode emphasizes the importance of
certified appraisers and the need for regulatory oversight in
professional services. 


 


To learn more about this complex and crucial topic, listen to
this episode and then jump to last week’s interview with Peter
Gallo, Owner/Chief Appraiser at HOMESIGHT APPRAISAL, as he shared
his personal encounter when he questioned a tech company
representative regarding regulatory compliance.


 


 


Key takeaways to listen for


Understanding the role of AMCs and AVMs

The risks of allowing unlicensed data collectors into your
home

The potential impact on the real estate market

The importance of advocating for the role of certified
appraisers



 


 


Resources mentioned in this episode


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


 


 


Connect with Leigh


Please subscribe to this podcast on iTunes or the Podcasts App on
your phone, and never miss a beat from Leigh by visiting
https://leighbrown.com. DM Leigh Brown on Instagram @
LeighThomasBrown.


Subscribe to Leigh's other podcast  Real Estate From The
Rooftops


 


 


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