McKissock

FEBRUARY 7, 2023

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser.

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Appraisal Real Property Property Appraisal Training 52

McKissock

DECEMBER 31, 2021

Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As real property appraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve. 4 Retirement Resources for Appraisers (Free for Members).

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Appraisal Design Property Appraisal Real Property 64

Appraiserblogs

MARCH 8, 2021

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. The Appraisal Foundation acknowledges “the Advisory Opinion was extensively rewritten”.

Law 105

Law Property Appraisal Appraisal Real Property 105

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Which is appropriate?

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Appraisal Appraisal Process Clients Development 92

McKissock

SEPTEMBER 15, 2020

When it comes to appraisal violations , certain minor violations are very common. In this article, I outline several examples of less serious breaches of development STANDARD 1 and reporting STANDARD 2—and a few other types of violations, too. Failure to analyze the three-year sales history of the subject property is also common.

Appraisal 52

Appraisal Property Appraisal Real Property Law 52

McKissock

MAY 18, 2021

There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report. The scope of work must disclose the extent the property was inspected. Scope of work disclosure.

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Appraisal Inspection Clients Real Property 63

McKissock

AUGUST 4, 2022

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. We sat down with Mel to learn more about this timely seminar: .

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Appraisal Valuation Real Estate Property Appraisal 60

Real Quantum

NOVEMBER 24, 2020

4 Ways to Motivate Your Commercial Appraisal Team. I t is no easy task to motivate your commercial appraisal team and keep their morale high during a pandemic, the holidays and Q4. The appraisers that work for you are the future of the business and the profession. However, it should be a priority. Here’s how: 1.

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Appraisal Client Relationships Design Property Appraisal 64

McKissock

AUGUST 13, 2021

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.” That’s the real reason why—because USPAP says so. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Top 3 appraisal CE courses trending right now.

Appraisal 52

Appraisal Inspection Development Design 52

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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Appraisal Agents Real Estate Real Estate Agent 81

McKissock

NOVEMBER 3, 2020

Appraisers are often reluctant to take on an appraisal trainee. They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. Q: What are some advantages of taking on appraisal trainees?

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Appraisal Training Business Property Appraisal 75

McKissock

AUGUST 11, 2020

As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. Here are several do’s and don’ts to help you avoid situations that may get you into trouble as a real estate appraiser.

Appraisal 64

Appraisal Clients Real Estate Law 64

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16.

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Appraisal Inspection Law Property Appraisal 141

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. What changed?

Appraisal 78

Appraisal Inspection Law Property Appraisal 78

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16.

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Appraisal Inspection Law Property Appraisal 78

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. There is a bright spot, however.

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Appraisal Modernization Property Appraisal Real Property 417

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. Standard 2 is the specific standard that addresses the reporting of appraisals.

Valuation 360

Valuation Contracts Appraisal Legal 360

Real Quantum

JUNE 8, 2022

Appraisers come in all shapes and sizes. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd.

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Design Appraisal Real Estate Decorating 68

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

McKissock

MAY 14, 2023

Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g.,

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Appraisal Appraisal Process Property Appraisal Real Property 87

Cleveland Appraisal Blog

NOVEMBER 11, 2021

My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow. I regularly work for investors who hire me to appraise a home they are interested in buying. I appraised these four properties within the last month… PROPERTY 1.

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Market Value Valuation Appraisal Real Estate 364

The Robert Weiler Company

OCTOBER 15, 2021

Fundamentally, the cap rate is the relationship between the property’s net income with the property’s purchase price. For CRE investors, the cap rate is a way to determine the property’s ROI potential. Commercial real estate appraisers will tell you that cap rates do not signify value. A recent change by the U.S.

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Investing Real Estate Tenants Investors 138

Appraisal Today

NOVEMBER 20, 2022

Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. Excerpts: In the recent past, when appraisers were swamped. Even with the Collateral Underwriter program review, appraisers were overwhelmed. Tier 1 appraisers have little to fear but tier 2 and 3 appraisers….

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Appraisal Real Estate Agent Real Estate Contracts 52

Boston Appraisal

JUNE 24, 2019

Property owners are often surprised when the time comes to estimate the fair market value of their green building. Many appraisers believe that these green features, although expensive, add little value to the property, while potential buyers find these features appealing and valuable.

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Appraisal Real Estate Market Value Technology 78

Empire Appraisal Group

AUGUST 12, 2021

Because dwelling size matters to everyone in the transaction—buyers, sellers, agents, appraisers, and lenders—it makes sense to encourage the understanding and use of industry-accepted terms to define size. Single-family Housing Policy Handbook from the Department of Housing & Urban Development (PDF, see page 578).

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Sellers Development Appraisal Buyers 78