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Runaway market has appraisers, brokers and bankers in spin

….“Banks relying on AMCs pay appraisers 50% of the market rate, and don’t emphasize local market knowledge,” said Jonathan Miller, CEO of Miller Samuel….

…“There are a lot of nuances on a building (in the luxury segment) level that impact comparability,” said Miller….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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