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The Appraisal Foundation Releases New Reference Manual For the 2020-2022 USPAP Publication

McKissock

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions. The following outlines some of the reference manual features.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

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Home equity products light up a dark housing market

Housing Wire

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. In fact, for the latter product, also referred to as home equity investments (HEIs) or home equity agreements (HEAs), the market is poised to expand even further.

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? 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.

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7 best real estate schools in North Carolina (NC) for 2024

Housing Wire

Before you dive in, it’s important to know that in North Carolina, all beginning real estate agents are referred to as provisional brokers. And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. In-person or livestream via Zoom on designated dates / times.

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What happens when borrowers have more control of the lending process?

Housing Wire

Brian Francis, FormFree’s CTO and a HousingWire Vanguard, helped design the system alongside Jason Manous and Simon Zekan, who run technology and development at the company. The smart contract presents the borrower’s lending request to the exchange. The ATP is already in the blockchain.”. For more information, visit formfree.com.

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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. Reproduction refers to how much a replica would cost to build. If you can’t find comparable buildings in the designated area, you should use the income approach to assess the property’s value.

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