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Financial Sense:  Realty Reality Guest Editorial "The Fraud of Appraisal Regulation" by L.S. Levy 07.02.2004


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"Financial Sense Online    FSO Home   l     Realty Reality Home Page   GLOBAL REAL ESTATE MARKETS FORUM * Realty Reality * Guest Editorial Catherine Austin Fitts, Chris Sanders, Double Eagle, Doug Noland Ole Bear MAI, Ole Man Ozark, Sam Blackburn, Sol Palha, The Bear Cub Current essays on Realty Reality, the warfare of Blitzkrieg , monetary policy , the prime directive … And the global real estate markets… by a global cast of characters … REALTY REALITY FSO ARCHIVES The Fraud of Appraisal Regulation by Larry S. Levy ~ Guest Editorial ~ Let us be clear before getting too deeply into this subject.   The bread and butter of the real estate appraisal industry are provided by the financial services sector.   No other class of clientele comes close, and most appraisers know no other source of business.   Given that so many are so dependent on lenders as their source of work, they are quite subject to that outside influence over their standards of practice, even if they don’t see it themselves.   Any class of business as powerful as the financial services industry would be foolish not to recognize, and not employ such an opportunity to advance their own interests.   With that fact of life out of the way, let us "
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