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. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule.
Walitt Solutions
MAY 17, 2024
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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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.)
McKissock
JULY 29, 2020
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.
Housing Wire
MAY 26, 2023
This recent trend involving seller impersonation is particularly concerning, as the real property owner is typically not aware nor in a position to prevent the fraud, until it is too late,” said Thomas W. That definitely tipped us off because very few people really live like that.” Cronkright II, Executive Chairman of CertifID.
Listing Spark
FEBRUARY 6, 2023
” [00:02:55] Changes to the TREC One to Four Contract Explained TREC’s new definition of “cash” in the one to four contract states that the cash portion of the sales price does not include proceeds from borrowing of any kind or selling other real property except as disclosed in this contract.
Cleveland Appraisal Blog
SEPTEMBER 2, 2022
One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.” What does the appraiser do with the three different values that may be developed? The appraiser must now reconcile these three values into one final opinion of value.
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