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10 Appraisal Competencies Every Property Appraiser Should Master

McKissock

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. Learn more in our free guide, The ROI of Professional Development for Appraisers.

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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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4 Key Disclosures and Disclaimers for Hybrid Appraisal Reports

McKissock

All appraisal reports must also contain sufficient information to enable the intended users to understand the extent of the inspection that was performed. Failure to disclose significant real property appraisal assistance is a common violation. forecasting income and expenses.”.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property. Question 1: What is a commercial real estate appraisal?

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser. Why are these roles often confused?

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

Appraisal Hub

These appraisals are more complex, considering factors such as revenue generation, operating costs, tenant contracts, and market position. Comparative Market Analysis (CMA): For residential properties, appraisers look at recent sales of similar homes in the area. Choosing the right appraisal company in Toronto is crucial.

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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.