Appraiserblogs

MARCH 27, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The End of Appraisers?

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Property Appraisal Training Lending Appraisal 214

Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraisal Design Lending Development 397

McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser.

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Appraiserblogs

JUNE 22, 2021

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages. Help is needed to explain the appraisal industry, including the specialties and the types of reports.

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Boston Appraisal

OCTOBER 27, 2023

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

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Appraisal Property Appraisal Legal Inspection 78

Appraiserblogs

MARCH 29, 2023

Waiving appraisal requirements on residential homes could erode consumer protection, stall attempts to create diversity in the profession… The recent announcement from Fannie Mae that they will waive the requirement for residential home appraisals has caused quite a stir in the industry.

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Property Appraisal Training Lending Appraisal 137

Premier Home Appraisal Blog

MAY 17, 2023

Price like a Real Estate Appraiser! Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. All things appraisal property inspection.

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Appraisal Bracketing Appraisal Tips Inspection 98

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

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Appraisal Training Inspection Real Estate 86

Appraisal Hub

JANUARY 19, 2022

The real estate appraisal business is stable and lucrative. Both private individuals and businesses call an appraisal company to request a certified commercial or home appraisal, so there is a big market of clients out there. Why do people become real estate appraisers? appeared first on Appraisal Hub Inc.

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East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. Specialization Residential and commercial property appraisals differ.

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Appraiserblogs

AUGUST 1, 2022

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State? Lately there has been a push for bifurcated (hybrid) appraisal products.

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McKissock

AUGUST 6, 2021

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. California.

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Appraisal Real Property Property Appraisal Training 101

Appraiserblogs

MARCH 23, 2023

Recently, the Appraiser Qualifications Board (AQB) has proposed new requirements for those looking to become an appraiser or renew their certification/license. The following is taken right out of the new exposure draft on real property appraiser qualifications criteria. The core goal is to.

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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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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. Learn more.

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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 85

McKissock

MARCH 24, 2022

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.” The 58-page report is available here , while an Executive Summary of the report is also available. Not to be outdone, the U.S.

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AmeriMac

NOVEMBER 30, 2023

Commercial Real Estate Appraisal is a crucial process that helps determine the value of commercial properties. We will also delve into the critical methods used for commercial property appraisal and discuss how accurate these appraisals are. Who conducts Commercial Real Estate Appraisals?

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Appraisal Real Estate Appraisal Process Inspection 36

The Robert Weiler Company

SEPTEMBER 30, 2020

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media! Grant Applications.

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Real Estate Appraisal Property Appraisal Valuation 137

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

McKissock

OCTOBER 20, 2020

Consider becoming a real estate appraiser. Before you jump in, you probably have questions like, “What education and training are required?” ” and “How much money can you make as an appraiser?” What are the requirements to become an appraiser? Real property appraiser qualification criteria*.

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Appraisal Property Appraisal Real Estate Real Property 93

McKissock

JANUARY 18, 2022

Are you looking for reasons to upgrade your appraisal license ? Here are some stats to consider: As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States were certified general appraisers. Here are some top reasons to upgrade your appraisal license: 1. Control your fees.

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Appraisal Law Valuation Review Real Estate 82

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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McKissock

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?”

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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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Clear Capital

JANUARY 5, 2023

“Many news stories tend to focus on the potential for an individual appraiser delivering a too-low estimate based on factors associated with the occupants instead of the home. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. But the reality is more nuanced.”

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Appraisal Modernization Valuation Appraisal Process 69

National Association of Realtors

JULY 19, 2022

NAR wrote to the Appraiser Qualifications Board of the Appraisal Foundation urging it to revise the real property appraiser qualification criteria to require fair housing and valuation bias training for both qualifying and continuing education.

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Training Property Appraisal Valuation Real Property 54

McKissock

NOVEMBER 10, 2020

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. Sign up here.

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Appraisal Training Property Appraisal Design 64

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

AmeriMac

APRIL 15, 2023

At some point, you may need to have a commercial real estate appraisal done as it plays a critical role in many aspects of the commercial real estate industry. In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals.

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Real Estate Appraisal Property Taxes Valuation 36

McKissock

APRIL 6, 2021

Whether your goal is to work fewer hours and improve your work-life balance or increase productivity and scale your business, there are many technology tools available to help you complete more appraisals in less time. Upcoming webinar: Tame the Chaos with Appraisal Technology that Scales. Sign up now.

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Business Appraisal Tools Technology 54

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What is a desktop appraisal? Desktop appraisal meaning and definition.

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Valuation Appraisal Inspection Appraisal Process 69

Housing Wire

APRIL 14, 2023

Currently, 75% of real estate agents and 97% of property appraisers in the U.S. Hundreds of trained real estate professionals volunteer to teach participants about urban development, land use, the housing market and non-market forces that shape their communities. Universities also have a crucial role to play.

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Real Estate Law Development Business 322

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection.

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AmeriMac

APRIL 11, 2022

One of the people who is intended to help make sure things go smoothly is the home appraiser. Why Are Home Appraisals Important? Before you can begin the process of becoming a home appraiser, it’s important to understand why this is such an important part of the real estate process in the first place.

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AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a house that isn’t worth nearly what is being asked. Appraisals act as a way to prevent that from happening.

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Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

This is why appraisals are so important. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a house that isn’t worth nearly what is being asked. Appraisals act as a way to prevent that from happening.

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Appraisal Buyers Sellers Contracts 36