Remove Article Remove Contracts Remove Development Remove Real Property
article thumbnail

5 best Arizona real estate schools for 2024

Housing Wire

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.

article thumbnail

What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. When should we analyze the contract? Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches. All three are market-based approaches.

Appraisal 302
article thumbnail

Real Estate Risk Management: Putting Clients’ Interests First

McKissock

To help you out, we’ve put together an overview of Articles 1–13, as well as links to helpful case examples. Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. Overview of NAR Code of Ethics: Articles 1–13.

article thumbnail

7 best real estate schools in Illinois (IL) for 2024

Housing Wire

We’ll help you make an informed decision and find the right Chicago real estate classes or online program to best fit your budget, timeline, learning style and schedule. Covers real estate math, concepts, brokerage, real property, contracts, appraisal, updated TILA/RESPA information & more. Self-paced.

article thumbnail

8 Common Violations Made by Appraisers

McKissock

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 disclose significant real property appraisal assistance is another common violation. Failure to disclose appraisal assistance. Written by Dan Bradley.

article thumbnail

What Do Appraisers Look For in a Sales Contract?

Appraisal Today

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. Technical specifications – for all stakeholders, but especially for organizations that will develop the new appraisal report (e.g.,