Certified appraiser Dagwood Dewgood of the valuation firm of Dewgood & BeFayre has been engaged by hard money lender Dewie, Cheatem & Howe to finish an appraisal of a single family residence on Hell's Gate Drive in Rancho Santa Fe. Appraiser Dewgood has contacted you as listing agent regarding one of your properties that is currently a pending sale and in escrow. He has also emailed you a copy of his appraisal license to clearly identify himself and has requested that you provide him the "contract price" of your pending listing at 123 Rising Values Ridge in the same neighborhood. Dewgood explains that due to the currently appreciating local market, this information is required to adequately support market-derived condition ("time") adjustments for the subject market area.

As a seasoned real estate professional, you are cognizant of the fact that mortgage/lender standards require that appraisers submit their appraisal reports electronically within 48 hours from the date of appraisal inspection. TIME IS OF THE ESSENCE with respect to appraisal report completion deadlines. You also understand that Appraisal Standards require that appraisers verify, document and support all market adjustments in their reports. You know that if the appraiser were to be required to wait 30 - 45 days for an escrow to close before being able to verify a contact/sales price, then the appraisal report could not be completed until all the pending sales close escrow. This means that 90% of all real estate transactions would fall out of escrow due to the buyer's failure to obtain loan approval within the 17 day contingency period provided for in the CAR Purchase Contract.

Your client is NOT a celebrity and has NOT entered into any Confidentiality Agreement regarding the sale of his/her property. Your client has agreed for you to list the property publicly in the Multiple Listing Service (MLS.)

Submit your initial post to the following prompt:

1. If you as agent disclose your client's actual contract sales price together with any sales concession information for the subject property to an appraiser prior to closing, would this be considered a real estate agency violation?
2. Why or why not?
3. Defend and support your assertion by studying and referencing the Eight (8) Real Estate Agency Violations content provided in the Real Estate Agency Module Course Content PowerPoint PRIOR to posting. Your response requires a detailed description resulting from objective support, research and critical thinking and NOT personal opinion or preconceived notions.
4. In the first line of your post, indicate the phrase "AGENCY VIOLATION" or "NO AGENCY VIOLATION."