Abstract
In the last few years, media stories, anecdotal comments, and litigation have fueled the perception that commercial appraisers have lost some of their independence. The related experiences of Prudential and Aetna, for example, illustrate the costs and perpetuate the perceptions associated with “captured” or “controlled” appraisers (Williams 1993, 1994a-c; Eichenwald 1994a,b). Evidence of this behavior has the potential to affect more than just the directly involved parties; ultimately, trust in the related capital markets and its individual investors may be reduced.
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Kinnard, W.N., Lenk, M.M., Worzala, E.M. (2003). Client Pressure in the Commercial Appraisal Industry: How Prevalent is it?. In: Sirmans, C.F., Worzala, E.M. (eds) Essays in Honor of William N. Kinnard, Jr. Research Issues in Real Estate, vol 9. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-8953-6_17
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DOI: https://doi.org/10.1007/978-1-4419-8953-6_17
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