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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.

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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.

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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.

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Strange Properties Appraisers Have Seen

Appraisal Today

Speaking of surprises, a recent Zillow analysis finds most states don’t require sellers to disclose paranormal activity in the home they’re selling. My small city has online articles about all the haunted homes and other buildings, plus a World War II aircraft carrier. There is nothing new in this article.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. To read more, click here My comments: Now we know what NAR members think about it.

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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. I have seen articles from all over the world about groups living in caves in the distant past. Home sellers gave concessions to buyers in 45.5%

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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

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.