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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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5 best Arizona real estate schools for 2024

Housing Wire

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Real Estate Risk Management: Putting Clients’ Interests First

McKissock

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. 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.

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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. A REALTOR® is a real estate agent who is also a member of the National Association of REALTORS®, otherwise known as NAR. Your real estate journey deserves nothing less.

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Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

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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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. Have a great weekend!

Appraisal 302
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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

The Dictionary of Real Estate Appraisal, 6th Edition defines intangible property as “nonphysical assets, including but not limited to franchises, trademarks, patents, copyrights, goodwill, equities, securities, and contracts as distinguished from physical assets such as facilities and equipment.”