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yes, however if the broker misrepresented the value of the property then they have in fact "placed value" on the property and are therefore liable for the misleading information. That is they have breached the confines of the arms length transaction.
The brokers are not appraisers, in most cases appraisers. Yes, I know some are but most are not. But when they set a value they are responsible for being able to support that estimate.
Now does that mean if the value changes after that date they are liable. No they are not. Appraiser's determine value on that day at that given time. Any market fluctuations that may take effect after that date are not the responsibility of the appraiser nor the broker.
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