Interactive
February 14, 2002

Response To: who owns broker data (robertw - 02/14/2002 01:54 PM)
Main Topic:

Who Owns Broker Data?


Appraisal Data
Posted By: OurBroker - 02/14/2002 02:23 PM

Hi --

You raise a very important question. The issue here is whether it is too late.

To this point appraisal reports have been collected and aggregated so that automated appraisal systems are now available. In some percentage of transactions, say subdivisions with like models, such systems may be accurate and timely if maintained.

A lot of real estate will never lend itself to automation, but any percentage which can be automated means potentially less work for appraisers. Please see:

http://realtytimes.com/rtnews/rtcpages/20000606_appraisers.htm

All the best.

Peter G. Miller