Someone found this blog through a search yesterday by typing in the following: “Can a Realtor also be an Appraiser?” In case the answer was not found, I wanted to chime in briefly. The answer is “yes”. It is entirely legal for an appraiser to be a real estate broker, Realtor, loan officer or whatever else he/she wants to be. The key though is that the appraiser can only act as an appraiser when appraising. When working as a Realtor, the appraiser takes off his/her appraiser hat and wears the Realtor hat and makes sure to keep the two trades separate. An appraiser who is a Realtor cannot be doing appraisals for his/her own deals either because there would be a big conflict of interest, don’t you think?
Unemployment Rates in Placer County: May 2009
Here are the most recent figures for unemployment in Placer County as of May 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP). Placer County as a whole has an unemployment rate of 10.9% (in comparison to Sacramento County’s rate of 11.1%).
Auburn city 9.0%
Colfax city 14.5%
Dollar Point CDP 12.9%
Foresthill CDP 16.7%
Granite Bay CDP 7.3%
Kings Beach CDP 10.6%
Lincoln city 19.3%
Loomis town 6.9%
Meadow Vista CDP 10.5%
North Auburn CDP 14.0%
Rocklin city 7.5%
Roseville city 10.9%
Sunnyside Tahoe City CDP 11.0%
Tahoe Vista CDP 17.1%
Feel free to give me a call at 916-595-3735 or shoot me an email at LundquistCompany@gmail.com if you have any questions about the figures above, the impact of unemployment on the real estate market or any potential real estate appraisal needs.
San Joaquin County Hits 15% Unemployment Rate for May 2009
What stands out to you about the following data? Below you will find the most recent figures for unemployment in San Joaquin County as of May 2009 per the Employment Develompent Department. The figures below consider both cities and Census Designated Places (CDP). San Joaquin County as a whole has an unemployment rate of 15.0%.
August CDP 22.9%
Country Club CDP 11.0%
Escalon city 13.3%
Farmington CDP 18.9%
French Camp CDP 46.8%
Garden Acres CDP 23.9%
Kennedy CDP 31.9%
Lathrop city 10.5%
Lincoln Village CDP 3.6%
Linden CDP 18.0%
Lockeford CDP 24.5%
Lodi city 11.4%
Manteca city 13.1%
Morada CDP 6.5%
North Woodbridge CDP 5.7%
Ripon city 8.9%
South Woodbridge CDP 10.8%
Stockton city 18.1%
Taft Mosswood CDP 31.8%
Tracy city 9.4%
It is important to note that some of the communities in San Joaquin County are smaller in population and so the rates are easier to be higher. However, Stockton is not a small city and it is alarming to see an unemployment rate of 18.1%. Do you think the unemployment rate might impact real estate values or even the confidence of investors in some cases to purchase properties?
Create a Free Billboard
This is not related to real estate per se, but I found a fun online tool where you can make free billboard signs using either pictures or fonts. Click HERE and see what you can come up with. I included some examples below of my appraisal company, HVCC, a broker friend named Keith Klassen, and a local Realtor based in Folsom. Enjoy.
What do you think something like this could be used for? Simply fun? Clever marketing? Web design? I’d be curious to hear from anyone on what you ended up doing with your image.