Narrative Writing

Commercial Appraisal Data Sharing

by Administrator on Jun 12, 2019 • Narrative Writing • 1109 Views

Some real property data that you personally collect, can be shared with your clients, appraiser contacts and others without concern about copyright infringements. If for example you collect sales information from public records and / or parties to a transaction and build your own sales database, like I do, you may have years of sales information that can be sorted and broken down by property type (like Apartments, Offices, Retail, Industrial and Vacant Land) or if land by its zoning category. So if an appraiser or broker contacts you and asks about apartments you can access your database, I use Microsoft Access, and share some or all of your data with them. Yes, it’s easier to just subscribe to a data service and let the service collect and verify the data, but appraisers are supposed to verify their own sales data and not rely on a paid service to do it for them. It’s my opinion that a broker or and appraiser can lose touch with the market by relying only on a data service.

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