Bad appraisers become real estate agents

“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.”

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