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by nugget 2654 days ago
In your model you’d simply shift (even more) corruption onto the appraisal process.
2 comments

Still, even if a home appraises for 25% less than it otherwise should, that's still a vastly better compensation scheme than our current system.
This will make buying a home very unattractive as an investment.
How does changing a real estate agent’s compensation scheme suddenly make home buying a poor investment?
homes shouldn't be investments anyway
Then you need independent appraisals where you pay for the service, but they pay a penalty based on how inaccurate their appraisal is.