Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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Appraiserblogs

JANUARY 24, 2023

The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. They put an appraisal waiver in the contract which meant they could not walk away if the. The owners are now underwater by more than $100,000… I’m sad and I’m mad!

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Inspection Training Valuation Contracts 147

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

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Appraisal Contracts Business Construction 79

Housing Wire

JUNE 30, 2021

PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. PCV Murcor’s unique approach.

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Clients Valuation Real Estate Appraisal 382

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

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Appraisal Process Real Estate Appraisal Easement 78

McKissock

JANUARY 6, 2023

How about one for you and your appraisal business? Most of us are fee appraisers who work independently. Our opportunity is time—it’s time to take stock of where we are and perhaps consider diversification or an alternative appraisal career. Here are a few ideas for transforming your appraisal career in 2023.

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Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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Appraisal Real Estate Valuation Contracts 89

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Cleveland Appraisal Blog

NOVEMBER 14, 2022

Cleveland Appraisal Blog shares some tips. Some states may even require the completion of a specific training program before you can apply for licensure. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. Obtain the right qualifications.

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Real Estate Development Appraisal Contracts 303

Appraisal Buzz

JUNE 12, 2024

The company launched VRM University (VRMU) in 2009, offering “specialized training for financial services and real estate professionals.” That birthed our affiliate company, national appraisal management company, PCV Murcor, which is celebrating over 40 years in business,” Murray said. elementor – v3.21.0 – 26-05-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;

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Appraisal Today

JUNE 9, 2023

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. Another appraisal challenge! He’s an appraiser colleague in Utah, and I’ve known him for a number of years. Excerpts: Five bedrooms, 7.5 baths, 9,700 sq.ft.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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McKissock

DECEMBER 4, 2020

Developing an appraisal specialty is a great way to grow your business and stay competitive in the industry. Last month we asked our appraisal community, “What new appraisal specialty or niche would you like to break into?” Below, we share the results regarding which specialty areas appraisers are most interested in pursuing.

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Appraisal Property Appraisal Valuation Luxury Properties 66

Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? What is the mark of an appraiser who is at the top of his or her “game”? For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? A Level 1 appraiser checks boxes.

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Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes! Nothing wrong with that.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.”

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Housing Wire

NOVEMBER 13, 2023

Key takeaways AceableAgent offers courses for every stage or your real estate journey, from prelicensing to post-licencing and training to hone your professional skills. Includes specialty, core Law & Ethics CE training. All Post-License Courses meet Florida’s 45-hour post-licensing requirement for first-time renewals.

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Real Estate Real Estate Agent Agents Law 383

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It He reentered the appraisal business through a different door. He reentered the appraisal business through a different door. It fit well.

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Appraisal Valuation Business Contracts 397

Dart Appraisal

APRIL 30, 2021

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations. Vacant land, retail, industrial, multi-family, etc. .

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Contracts Appraisal Tips Appraisal Clients 69

Housing Wire

NOVEMBER 30, 2023

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced. out of 5 stars Rating: 4.5

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Real Estate Realtors Real Estate Agent Law 385

McKissock

JULY 11, 2022

In residential appraising, the cost approach and the income approach have in many cases become less utilized in favor of sole reliance on the sales comparison approach. Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.”

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Real Estate Appraisal Valuation Inspection 72

Town & Country Residential Appraisals

JUNE 6, 2022

When making a decision to contract just about anyone to perform a service, one of the most important qualifiers for most is the experience one brings to the table. It works the same with performing real estate appraisals. How long have they been appraising? Time appraising is one factor.

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Real Estate Real Estate Agent Valuation Appraisal 50

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” Answers a lot of appraiser questions.

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Contracts Appraisal HOA Architecture 52

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. For many years I appraised in the nearby city of Berkeley, CA. Worth reading. A good summary. acres of coastal land.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Construction Contracts Architecture 80

Housing Wire

NOVEMBER 16, 2023

As the Sitzer/Burnett case may well show, most listing agents are trained to steer their clients to offers that support this dynamic. Realtors are able to modify select provisions in the contract form as they negotiate on behalf of their clients. Talk about a conflict of interest. And it needs to be unlocked.

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Realtors Contracts Real Estate Agents 386

Raleigh Realty

MARCH 23, 2021

Although there are real estate valuation sites available that can help provide an estimate on what your home may be worth, the only way to get an accurate list price is to spend extensive time doing a comparative analysis of other homes that have sold in your area. Here's what you should know before the appraisal.

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Real Estate Agent Real Estate Realtors Contracts 133

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. It is not an appraisal and can’t be used in place of an appraisal.” -via Rascoff replies, “It’s a starting point, but if you want to get a more accurate opinion of your home’s value, you should talk to a real estate agent or an appraiser.”

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Real Estate Agent Real Estate Sellers Realtors 72

Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? For example, you understand that you do not need a form to produce an appraisal. Are your legs shaking?

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Appraisal Law Contracts Business 83

Appraisal Today

DECEMBER 15, 2023

The UAD and Appraisers – Past, Present, and Future Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Lenders and fee appraisers have done this for decades. I trained one of them.

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Appraisal Contracts Business Mortgage 80

Appraisal Today

FEBRUARY 9, 2024

How do appraisers consider appliances? also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1

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Appraisal Contracts Insurance Construction 83

The Robert Weiler Company

SEPTEMBER 19, 2022

Answering this question requires step-by-step unpackaging, starting with definitional awareness, and continuing with tax advantages, regulations, and conservation easement appraisal value. A simple conservation easement definition is a legal contract to protect private land, permanently. Conservation Easement Appraisals.

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Easement Legal Government Contracts 148

Appraisal Today

MAY 26, 2023

MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” Conservation easement appraisals are a definite risk for appraisers.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Stick to the facts. Not just a list of words and phrases.

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Appraisal Contracts Design Mortgage 64

Appraisal Today

FEBRUARY 2, 2024

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. 2024 Updated UAD and URAR – What does It Mean for You?

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Appraisal Contracts Training Real Estate 68

Housing Wire

NOVEMBER 30, 2021

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

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Appraisal Today

DECEMBER 23, 2022

Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. In this case, circumstances involving ownership are uncommon or make the appraisal more complex. Appraisal Business Tips . Humor for Appraisers.

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