Cleveland Appraisal Blog

JANUARY 19, 2023

” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. That is not always a simple task.

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Appraisal Buyers Transportation Real Estate 284

McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed.

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Real Quantum

NOVEMBER 24, 2020

It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. When you motivate your commercial appraisal team and they excel at tasks assigned to them, they add value to the company. They do this through client relationships and should be rewarded for it.

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Appraisal Client Relationships Design Property Appraisal 64

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client.

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McKissock

JULY 29, 2020

These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. It is important to note that appraisers should not begin using these forms immediately. Appraisers should continue to use the current URAR form for these assignments.

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McCarthy Appraisal Blog

SEPTEMBER 4, 2018

Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. Evaluate the appraiser’s experience.

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Real Estate Appraisal Valuation Loan Officers 36

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

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Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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McKissock

AUGUST 11, 2020

In an appraisal assignment or appraisal review assignment, the temptation is there to cut corners in the workfile. This is especially true because as an appraiser you are pulled in many different directions at once, you’re busy, and sometimes you get clients who don’t want to pay you a lot of money.

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Appraisal Clients Real Estate Law 64

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?

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Appraisal Buzz

AUGUST 1, 2022

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. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Valuation Contracts Appraisal Legal 360

McKissock

FEBRUARY 23, 2021

Additionally, it looks at the letter of engagement as a foundation for the assignment, and it gives helpful tips on how to improve your marketing skills and attract more non-lender clients. Residential Appraisal Review and USPAP Compliance. Residential Appraisal Review and USPAP Compliance. ” – Cheryl F.

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McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria.

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Appraisal Training Business Property Appraisal 75

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Which is MOST important for building strong appraisal-client relationships? Top earners in the real estate appraisal profession are those who consistently bring in new clients. McKissock Survey.

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McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.)

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The Robert Weiler Company

OCTOBER 15, 2021

Tip #5: Hire a professional Ohio real estate appraiser to assess the Columbus, Ohio commercial property for sale before signing. In addition to hiring an attorney, assemble a team of experts, particularly professional commercial property appraisers to assess the property prior to signing. 1031 Exchanges.

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Investing Real Estate Tenants Investors 138

Appraisal Today

SEPTEMBER 22, 2023

They included appraisers, real estate agents, and someone with a week, a month, or online video training. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need. On a more positive side, I have done thousands of drive by appraisals since 1986.

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Appraisal Training Inspection Real Estate 87

McKissock

DECEMBER 28, 2021

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Major unknowns in the coming year.

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East Coast Appraisal

OCTOBER 18, 2021

Reach out to the appraiser you have in mind, and ask them to email you a copy of their qualifications sheet that provides information on their education, associations, or licensing. Some of the licenses federal law might require include Certified General Real Property Appraiser and Certified Residential Real Property Appraiser.

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Appraisal Today

NOVEMBER 20, 2022

Excerpts: Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. To read more, click here.

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