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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? Acres: 0.7960055, built in 1993 The residence in Poipu was built in 1993 and designed by Seattle architect Ralph D. . Acres: 0.7960055, built in 1993 The residence in Poipu was built in 1993 and designed by Seattle architect Ralph D. Anderson as his family’s vacation home.

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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. A percentage lease is typically only used for retail space for lease.

Tenants 144
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USPAP Myths for Appraisers

Appraisal Today

You’ll learn key ways to work on eliminating bias and reduce your legal risk. You’ll also learn why “cultural competency” knowledge and skills are truly important for appraisers – you’ll see how a lack of cultural competency has led appraisers into legal quagmires. Legal topics are very popular with appraisers. percent from 6.71

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OK to average adjusted comps on appraisals?

Appraisal Today

bath home was designed by local architect Rich Young. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… With only one owner, the.47-acre percent from 7.37

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Appraising Historical Homes

Appraisal Today

She designed more than 700 buildings in California during a long and prolific career. Many downtown mixed-use buildings (retail and apartments) are in my city. I appraised many of them, but never noticed any effect, plus or minus, for historic designation. Fortunately, their names were listed in the MLS. No effect on value.

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Appraiser Liability Risks

Appraisal Today

He designed the estate, completed in 2000, from the ground up. By collaborating with appraisers, accountants can provide clients with comprehensive financial guidance, ensure compliance with legal and tax requirements, and strengthen their overall professional services. The problem? percent from 6.77 percent from 6.79 percent from 6.70