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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

Appraisal 361
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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. The appraiser will be led through a process, defined by the scope of work.

Appraisal 397
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Q&A: Is It Time to Take On an Appraisal Trainee?

McKissock

They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. The existing population of licensed and certified appraisers is aging—and in some markets, shrinking.

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What New Appraisal Specialty Do You Wish to Break Into?

McKissock

What new appraisal specialty or niche would you like to break into? Review appraisal (23%). “I’m an experienced, designated appraiser who is trying to expand my review work, particularly in the area of eminent domain. ” “Appraisers who don’t do their ‘homework’ do a disservice to their clients. .”

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

They included appraisers, real estate agents, and someone with a week, a month, or online video training. On a more positive side, I have done thousands of drive by appraisals since 1986. Most of the inspection training we receive as appraisers happens in the field. That was my training.

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5 Resources to Help You Avoid Appraisal Errors and Violations

McKissock

One thing you can do to help save time and preserve your standing as an ethical and reliable property appraiser is to put a little extra time and effort toward avoiding appraisal errors and violations. Browse the following resources designed to help you avoid common appraisal errors and violations.

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.