Housing Wire

MAY 10, 2024

In selling property they own, or in which they have any interest, Realtors shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative.” represent an entity in which the REALTOR(R) or member of their immediate family has a legal interest.” represent themselves 2. represent themselves 2.

Realtors 342

Realtors Finance Agents Legal 342

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. When should we analyze the contract? Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

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. When reading contracts, words will always have their ordinary meaning unless defined otherwise. adjective.

Valuation 360

Valuation Contracts Appraisal Legal 360

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. This includes “opinions of real property value or price.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Key Appraisal Items to Communicate.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

SEPTEMBER 9, 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) The average contract interest rate for 5/1 ARMs increased to 4.81

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52