Appraisal Buzz

OCTOBER 11, 2021

In truth, human appraisers fill two vitally important roles today, (1) we collect information and (2) we analyze it so it can be presented to our clients. We should embrace that, even if most of the efficiency gains go to our clients while our jobs get more difficult, at least in the short term. We’ll have to do the same thing.

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Appraisal Clients Advertising Investors 397

Cleveland Appraisal Blog

FEBRUARY 16, 2024

The mate on the opposing side accused me of appraising the property at a value that favored my client. They felt my opinion of the market value of the marital property was too high based off of Zillow sales that they found. I recently appraised a home for a divorce. Of course, they didn’t accept my explanation. That’s okay.

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Appraisal Market Value Real Estate Clients 406

Housing Wire

APRIL 26, 2021

Under the agreement, the California Association of Realtors gained “access to a comprehensive suite of tools allowing them to create, manage, negotiate, and close offers on real property, all at no additional cost and integrated with their MLS platforms,” read the March release.

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Agents Brokerage Real Estate Agent Realtors 383

Housing Wire

DECEMBER 7, 2023

It’s causing us in the industry — title settlement, real estate, mortgage lending, the attorneys — to rethink, can you even trust a voicemail? So you have a client that appears to have left a voicemail: ‘Hey, I’m traveling. And then they will impersonate the property owner. And it goes all the way through closing.

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Real Estate Sellers Technology Real Estate Agent 446

Lamacchia Realty

DECEMBER 18, 2023

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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Realtors Agents Real Estate Agent Real Estate 67

McKissock

MARCH 17, 2023

Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraisal Training Property Appraisal Real Property 97

Housing Wire

JUNE 9, 2021

This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence. HW: What are some of the current challenges regarding property tax assessment?

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Appraisal Property Taxes Technology Valuation 395

McKissock

MAY 18, 2021

While the appraiser has broad flexibility in the level of detail and manner of disclosing the scope of work in the appraisal report, there must be sufficient information contained in the report for the client and other intended users that rely on the assignment results to understand the scope of work performed.

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Appraisal Inspection Clients Real Property 63

MN Real Estate Services

FEBRUARY 4, 2017

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved. You contact Minnesota Real Estate Appraisal Services LLC in Minnesota and get them to do an Appraisal that both parties can trust.

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Real Estate Appraisal Real Property Valuation 78

Appraisal Buzz

OCTOBER 10, 2022

Appraisers are tasked with protecting the public trust, and yet, I have seen appraisers who knowingly and on an ongoing basis disregard facts and truth to provide reports with values or directions in values that advocate the cause of their client. Strong ethics is an irresistible treasure seen and felt by our colleagues and clients.

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Valuation Tools Development Technology 74

McKissock

AUGUST 21, 2020

In any real estate appraisal assignment, you must use one of the two written report options outlined in USPAP: Appraisal Report or Restricted Appraisal Report. A diligent appraiser can utilize the Restricted Appraisal Report option when it makes good sense for the assignment and client. Clients and intended users.

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Appraisal Appraisal Process Clients Development 92

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? Isn’t that all that appraisers do? Don’t you?

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Appraisal Market Value Legal Property Appraisal 354

McKissock

MAY 26, 2023

” The most popular answer was, “Offer your appraisal services to a variety of clients (attorneys, real estate agents, homeowners, property investors, etc.).” I’ve taken this opportunity to network and market to new clients, take additional courses, and work with mentors/coaches.

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Real Estate Appraisal Marketing Business 64

Real Quantum

NOVEMBER 24, 2020

It’s important that they are always challenged to learn a new skill, scope of work, property type, or technology. They do this through client relationships and should be rewarded for it. Have good moral character; Be a Certified General Real Property Appraiser (or meet equivalency).

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Appraisal Client Relationships Design Property Appraisal 64

McKissock

JULY 29, 2020

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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Modernization Appraisal Clients Property Appraisal 60

The Robert Weiler Company

SEPTEMBER 30, 2020

As shocking as it may be, commercial real estate appraisal reviews are required for the following reasons: The conclusion of the original CRE appraisal is in contention. The obligation to the client isn’t met. It isn’t clear who owns the appraised property. City or federally owned property is being evaluated.

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Real Estate Appraisal Property Appraisal Valuation 137

McKissock

SEPTEMBER 10, 2020

Again, an appraiser looking to specialize in these property types, should become very familiar with the ongoing litigation related to properties with intangibles. Special purpose property tips. Before you accept a review appraisal assignment for a special purpose property, here are some tips to guide your decision: 1.

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Appraisal Valuation Real Estate Design 54

Cleveland Appraisal Blog

MAY 26, 2023

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!

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Appraisal Real Estate Agent Real Estate Agents 302

Empire Appraisal Group

JULY 1, 2021

Don’t tell the appraiser your client needs a certain value, for example. If there is no competition, and you’ve got no supply, that has an influence on the value of that property.”. The appraiser has a scope of work for every lender client, which differs depending on the mortgage product, said Bradley.

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Agents Appraisal Real Estate Realtors 78

McKissock

DECEMBER 2, 2022

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. “I would suggest for anyone who’s interested to start taking your appraiser trainee classes whether you have found a supervisor or not.

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Appraisal Training Real Property Design 85

Cleveland Appraisal Blog

JANUARY 19, 2023

AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. This property is located in an area where it is common for some buyers to require a home not to be electrified. Since the current owners purchased the home several years ago, they added electricity.

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Appraisal Buyers Transportation Real Estate 284

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Let me give you a real-world example. Lenders are not value experts.

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Development Appraisal Market Value Valuation 337

McKissock

AUGUST 11, 2020

This is especially true because as an appraiser you are pulled in many different directions at once, you’re busy, and sometimes you get clients who don’t want to pay you a lot of money. Such an attitude is a recipe for disaster because, in many cases, complaints are filed years after the appraisal is completed and transmitted to the client.

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Appraisal Clients Real Estate Law 64

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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Appraisal Modernization Property Appraisal Real Property 417

Cleveland Appraisal Blog

APRIL 21, 2022

The homeowners of one property stated that their neighbors are a nuisance. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Is that the case? Can that be the case? Let’s talk about it. They also complained about there being noisy.

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Market Value Appraisal Agents Real Estate Agent 350

Town & Country Residential Appraisals

JULY 25, 2022

Over the years, I have encountered a lack of confidence by clients and/or other parties to a transaction when a trainee is involved, especially when it comes to the portion of the process that is the observations of the actual real estate.

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Real Estate Training Appraisal Legal 58

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?

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Contracts Appraisal Market Value Real Estate 64

McCarthy Appraisal Blog

SEPTEMBER 4, 2018

The two basic licenses are Certified Residential Real Property Appraiser and Certified General Real Property Appraiser. The references should be current or previous clients, and at least one should be from the community. Ask an appraiser about their education and licensing.

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Real Estate Appraisal Valuation Loan Officers 36

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.

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Real Estate Contracts Law Real Estate Agent 406

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. Or hit the reply button. McKissock Survey.

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Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Buzz

AUGUST 1, 2022

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. Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

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Valuation Contracts Appraisal Legal 360

McKissock

FEBRUARY 23, 2021

Additionally, it looks at the letter of engagement as a foundation for the assignment, and it gives helpful tips on how to improve your marketing skills and attract more non-lender clients. “This is a great class for anyone doing non-lender work! Use this instructor’s suggestions to professionalize your practice.”

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Appraisal Inspection Development Design 52

McKissock

NOVEMBER 3, 2020

Then you can bring on new clients; you’ll have sufficient staff for higher-volume periods—and, while you’re training the new people, you’re revisiting the basics and refreshing your own skills. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria.

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Appraisal Training Business Property Appraisal 75

Housing Wire

OCTOBER 9, 2023

The tools and technology to succeed Brokerage tools, cutting-edge technology, market assistance, and industry insights are key to succeeding as an Illinois real estate agent, so look for a brokerage that provides the resources and agent services you need to maximize reach for your clients.

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Real Estate Agent Real Estate Agents Brokerage 417

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Lenders and clients will be looking for an appraisal to secure a loan on the STR. What do short-term rentals mean for appraisers?

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Appraisal Tenants Investors Business 148

McKissock

MAY 14, 2023

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.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. Value Scenarios. Bottom Line.

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