What is the duty of a clay county property appraisers? This is an interesting legal question. If the government thinks that they have the right to take private property for "public" use, that right can extend to any type of property in the county. Private citizens are not considered to be subject to this clause of the law. So, if the government thinks they can take private property for "public" use, can the same be done by real estate agents?
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No one seems to know the answer to this question. Recently, a man was arrested on suspicion of embezzling public funds. According to reports, the suspect, Robert E. Spencer, a former county property appraiser, had been carrying around secret information about the county's financial condition. The information he had was supposed to be confidential, but apparently he took it, and gave it to someone else. Mr. Spencer is currently under investigation.
One of the questions that has been asked over again is, what is the duty of clay county property appraisers. The reality is that they typically have no duty to do anything other than what they are charged to do. Their responsibility is to calculate the market value of the home they are considering to purchase, and then make their determination as to what price it should be sold for. This is typically what they do best, and it comes naturally.
However, other county property appraisers have been known to try to get the property appraised at more than fair market value. The reason is that they do not usually follow the guidelines set forth by the US Justice Department and what is the duty of the appraisers when it comes to the guidelines? They are responsible for following the FHA guidelines on what is the duty of an appraisal. That means, any time that an appraiser deviates from what the FHA has set forth as their guidelines, they are in violation of what is the duty of clay county appraisers.
Why would an appraiser deviate from what the FHA set forth?
If you pay your taxes, you should not have to pay more money for your mortgage, and you should not be penalized just because a government entity has set forth a standard. If you feel that you were under-estimated the value of your home, you should not be held accountable for under-payment, as long as you report it to your lender. What is the duty of clay county appraisers if they deviate from what the FHA has set forth as their guidelines?
Well, they can be in violation of what is the duty of Clay County appraisers because they are now having to pay out for the error, and possibly their own fines for not following the guidelines that they had established. In this case, the government has not been completely open about what is the duty of Clay County property appraisers. So, if an appraiser does not follow the FHA's set guidelines, then they may be subject to not only fines, but even jail time for not following the FHA's set guidelines on what is the duty of an appraiser. This is all according to what is the duty of the appraisal.
The FHA has set forth what is the duty of an appraiser, but the county property appraisers have not. Therefore, if an appraiser follows the FHA's set guidelines for what is the duty of an appraiser, they will not be held accountable for what is the duty of a Clay County appraiser. However, if the appraisers deviate from what the FHA has set forth as their guidelines, they could be held financially responsible for their actions. You can also Learn more about Property Appraisers via the link.
So, what is the duty of an appraiser? It would seem that it is very easy for a person to say that they are following what is the duty of an appraiser. However, in reality, those appraisers that choose not to follow the FHA's set guidelines for what is the duty of an appraiser are being held financially responsible. It may not seem like a big deal for an appraiser that makes a decent living, but when you consider what could happen to them if they follow what is the duty of an appraiser, it becomes a much bigger problem.