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Personal Inspection Demystified

Walitt Solutions

We know, for example, that an appraiser operating a drone while at his or her office could not claim to have performed a “personal inspection” of a property. subject property The defined term only relates to the property that is the subject of the appraisal.

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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

REALTOR® and Agent Basics: Let’s start by nipping the most common misconception in the bud: Not all real estate agents are REALTORS®! By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. What is NAR?

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Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. Written by Dan Bradley.

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What Is a Reconciled Value?

Cleveland Appraisal Blog

One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.” When we are questioned on our work, we should be ready to explain and educate our clients on specific aspects of an appraisal. Let me give you a real-world example. Appraisers are.

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The Value of Words in Valuation

Appraisal Buzz

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule.

Valuation 360
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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. Many thanks to George. and NOT the ad-only emails.

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Strange Properties Appraisers Have Seen

Appraisal Today

A spine-tingling 12% of successful homebuyers say their home is definitely haunted, while an additional 17% say their home may be harboring spirits. This satisfies the affordable housing element,” Al Salguero, real property division manager at the Orange County Assessor’s Office, told the publication. Speaking and Educating 3.