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5 Resources to Help You Avoid Appraisal Errors and Violations

McKissock

As busy real estate appraiser, both your time and your professional reputation are extremely valuable. One thing you can do to help save time and preserve your standing as an ethical and reliable property appraiser is to put a little extra time and effort toward avoiding appraisal errors and violations.

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Do your research and find out if there are easy access to trains, buses, and airports, as well as major roads and freeways. Consider the quality of life issues when conducting your commercial property search in Columbus, Ohio. These are all important issues that will surely contribute to the property’s overall quality and desirability.

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HUD settles with JPMorgan over appraisal bias case

Housing Wire

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Appraiser Liability Risks

Appraisal Today

In it, Fannie boldly proclaims that they are “moving away from implying that an appraisal is a default requirement.” Fannie has been upfront about its interest in developing appraisal “alternatives.” It is rumored that FHFA approached both GSEs and asked them to “find solutions” to the “appraisal bottleneck.”

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Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. Until recently, the Appraisal Institute , the profession’s primary trade organization, did not acknowledge any racial bias.

Appraisal 545
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Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

This is due in part to the fact that, to establish the market value of a property, appraisers must present in their report comparables with similar features to support the opinion of value. To objectively derive the additional value that solar panels contribute the property, appraisers turn to the discounted cash flow (DCF) method.

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How To Select the Right AVM in an Uncertain Housing Market

Clear Capital

Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. So when it comes to valuing properties in a volatile market, as we experienced in the years since the pandemic, choosing the right AVM is imperative.