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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

REALTOR® and Agent Basics: Let’s start by nipping the most common misconception in the bud: Not all real estate agents are REALTORS®! By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. What is NAR?

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The Value of Words in Valuation

Appraisal Buzz

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule.

Valuation 360
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Checklist: What to Include in a Narrative Appraisal Report

McKissock

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

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Reconsideration of Value and Appraisers

Appraisal Today

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.