412 - Unveiling the Truth: The Controversial Role of Data Collectors in Real Estate

In this special episode, Leigh Brown delves into the world of real estate property data collectors, discussing their role, potential risks, and implications for consumers and professionals in the industry. The episode highlights the rise of appraisal management companies (AMCs) and automated valuation models (AVMs) and how they came into effect after the housing crisis. Learn the concerns about the new program introduced by Fannie Mae and Freddie Mac, which involves sending unlicensed and unregulated data collectors into homes to gather information for the banks. The lack of oversight and potential biases are problematic, as they could lead to inaccurate valuations and manipulation of property values. The episode emphasizes the importance of certified appraisers and the need for regulatory oversight in professional services.    To learn more about this complex and crucial topic, listen to this episode and then jump to last week's interview with Peter Gallo, Owner/Chief Appraiser at HOMESIGHT APPRAISAL, as he shared his personal encounter when he questioned a tech company representative regarding regulatory compliance.     Key takeaways to listen for Understanding the role of AMCs and AVMs The risks of allowing unlicensed data collectors into your home The potential impact on the real estate market The importance of advocating for the role of certified appraisers     Resources mentioned in this episode  411 - What Makes Appraisers an Irreplaceable Role in Real Estate with Peter Gallo     Connect with Leigh Please subscribe to this podcast on iTunes or the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown. Subscribe to Leigh's other podcast  Real Estate From The Rooftops     Sponsors Leigh Brown University – New On-Demand Training How to Dominate During This Recession! Enroll Now to get ahead of the curve and learn how to manage changing markets, the action steps for what to do, and most importantly, what to say so that you can secure listings, assist more buyers, and grow your business no matter what the market is doing. Link: http://dominatethisrecession.com