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FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.

Appraisal 432
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7 best real estate schools in Florida (FL) for 2024

Housing Wire

Key takeaways AceableAgent offers courses for every stage or your real estate journey, from prelicensing to post-licencing and training to hone your professional skills. 2 End of Course Exam Attempts Online Course With 3 Hours Each of Core Law & Ethics, 8 Hours of Specialty. Includes specialty, core Law & Ethics CE training.

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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

comparable sales, income, and cost), there are many other elements that may apply based on the statutes, case law, and procedural rules in a given state. As a result, appraisers who have this kind of specialized training can often command hourly rates significantly above those who do not. About the Author.

Appraisal 309
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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced. out of 5 stars Rating: 4.5

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The Necessity of a Commercial Engagement Letter

Dart Appraisal

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations.

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Why Appraisal Workfiles Are Important

Appraisal Today

Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.35

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Appraiser Liability Risks

Appraisal Today

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. When it comes to buying or selling a home, we all need and deserve fair and nondiscriminatory home valuations.