Appraisal Buzz

OCTOBER 11, 2021

Some appraisers are vehemently opposed to some of these modernization efforts because they remove some of the steps in our traditional process. In fact, we’ll be even more important because unlike the automotive industry, we have no standardized approach to the collection and development of real property data.

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Appraisal Buzz

OCTOBER 10, 2022

After all, algorithms themselves are simply tools that enshrine the biases and ethical failings of those who design them. If a user of valuation services finds it necessary to question the development and/or results of a valuation report prepared and signed by a credentialed valuation professional, that client can simply inquire.

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Appraisal Today

JULY 12, 2024

Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends.

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Property Metrics

MAY 28, 2021

Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

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Appraisal Today

NOVEMBER 20, 2022

Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. Failure to analyze the sales history of the subject property. Failure to disclose significant real property appraisal assistance.

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Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Excerpts: What does the appraiser do with the three different values that may be developed? To read more, click here.

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