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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

Don’t tell the appraiser your client needs a certain value, for example. The appraiser has a scope of work for every lender client, which differs depending on the mortgage product, said Bradley. If a buyer is using an FHA-insured mortgage, the appraiser has to fulfill both the lender’s and HUD’s requirements, Bradley said.

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

I also think that now is the time to increase your appraisal skills by taking classes and seminars. 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.