Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Let me give you a real-world example. Lenders are not value experts.

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Development Appraisal Market Value Valuation 337

McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraisal Training Property Appraisal Real Property 97

McKissock

MAY 26, 2023

” The most popular answer was, “Offer your appraisal services to a variety of clients (attorneys, real estate agents, homeowners, property investors, etc.).” I’ve taken this opportunity to network and market to new clients, take additional courses, and work with mentors/coaches.

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McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed.

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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. Clients and intended users.

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McKissock

AUGUST 11, 2020

This is especially true because as an appraiser you are pulled in many different directions at once, you’re busy, and sometimes you get clients who don’t want to pay you a lot of money. Such an attitude is a recipe for disaster because, in many cases, complaints are filed years after the appraisal is completed and transmitted to the client.

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Appraisal Clients Real Estate Law 64

McKissock

JULY 29, 2020

These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. A Hybrid appraisal is defined as, “An appraisal assignment consisting of a desktop appraisal for which the scope of work includes reviewing a recent interior/exterior property data report.”.

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Appraisal Today

OCTOBER 27, 2023

My small city has online articles about all the haunted homes and other buildings, plus a World War II aircraft carrier. Search for “Your City” haunted locations, and you will probably find articles. If this article helped you understand and maybe do PDCs, it is worth the subscription price!

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Property Appraisal Appraisal Business Contracts 71

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

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Appraisal Valuation Real Estate Design 54

McKissock

DECEMBER 2, 2022

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. “I would suggest for anyone who’s interested to start taking your appraiser trainee classes whether you have found a supervisor or not.

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Housing Wire

OCTOBER 9, 2023

What’s more, Illinois has reciprocity agreements with nine other states, making it an excellent location for starting an exciting, new career in real estate. There are certain differences between being a real estate professional in Illinois and other states, which we’ll look at in this article.

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Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours.

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Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. Or hit the reply button. McKissock Survey.

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McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?

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Contracts Appraisal Market Value Real Estate 64

Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. They included appraisers, real estate agents, and someone with a week, a month, or online video training. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need.

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McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria.

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Appraisal Training Business Property Appraisal 75

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! The goal of this article is to help lenders, banks reviewers and appraisers. We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible.

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Appraisal Process Real Estate Appraisal Renovations 78

McKissock

DECEMBER 28, 2021

Over the past several years, the single largest source of business for real property appraisers has been residential mortgage lending, specifically mortgage refinances. Older appraisers, he says, often get calls to handle complex properties that might lie outside the expertise of a less experienced competitor. “We

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Simonson Real Estate

SEPTEMBER 25, 2020

I was joined on the panel with Twin Cities appraiser, Josh Folland, MAI, CCIM with Valbridge Property Advisors and Gary Van Cleve, Shareholder at Larkin Hoffman moderated our discussion. Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal? benefit from our collective strength.

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Valuation Appraisal Marketing Real Estate 130

Appraisal Today

JUNE 24, 2022

Among the rights that come with real property ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. A few of my articles: Should you do non-lender work? Links in article.

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Appraisal Contracts Mortgage Real Estate 52

Appraisal Today

NOVEMBER 20, 2022

Fortunately, this article includes many of them in one place. ==. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. How to Avoid and Respond to Appraisal Board Complaints.

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Appraisal Today

SEPTEMBER 1, 2023

In March 2022, Bloomberg News published an article entitled “Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom.” After publication of the article, a half-dozen class actions were filed swiftly against Wells Fargo by Black and Hispanic borrowers who had been denied loans.

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Appraisal Contracts Mortgage Real Estate 77

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Get the relevant date of value from the client or client’s attorney. Excerpts: 2.

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