Valley Center, CA asked in Real Estate Law for California

Q: Can I legally have an appraisal business in the same office as real estate sales?

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2 Lawyer Answers
Ute Ferdig
Ute Ferdig
Answered
  • Newcastle, CA
  • Licensed in California

A: I am not aware of any reason why you could not have an appraisal business and a real estate business in the same office, but you can't render a neutral opinion on value for properties for which your real estate business is handling the transaction. You should contact the DRE and ask them if there are special requirements (e.g., disclosures...) that you need to know about. Make sure you talk to an experienced deputy commissioner.

Zaher Fallahi
Zaher Fallahi
Answered
  • Los Angeles, CA
  • Licensed in California

A: Generally, appraisers are licensed professionals and may be relied upon, unless there is an evidence to the contrary such as conflict of interest. Good luck.

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