McKissock

MARCH 17, 2023

property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. In this post, we outline how to become a supervisory appraiser. You might be looking to grow your business, delegate tasks (e.g.,

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Appraisal Training Property Appraisal Real Property 97

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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Valuation Property Appraisal Training Appraisal 91

Housing Wire

DECEMBER 14, 2021

But “increased transparency and awareness and more training and education” could help combat appraisal bias, the report said. Guidance and best practices could at least result in more “objective free-form text narratives.”.

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Appraisal Valuation Finance Training 424

The Robert Weiler Company

SEPTEMBER 30, 2020

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. For grants secured for commercial real estate acquisition or development, appraisal reviews are a must-have. Grant Applications. Litigation.

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Real Estate Appraisal Property Appraisal Valuation 137

McKissock

NOVEMBER 3, 2020

One of the biggest mistakes that some appraisers make is giving in to the fear that by hiring a trainee, they’re grooming a future competitor. It’s more to your advantage to look at it as training a productive employee. Or you might just not like the process of training other people. Looking to upgrade your appraisal license?

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Appraisal Training Business Property Appraisal 75

McKissock

AUGUST 6, 2021

Choose from live stream appraisal licensing courses (engage with instructors in real time!) Next, work under a certified appraiser to gain supervised training experience. Real property appraiser qualification criteria*. * ??Hours Step 3: Upgrade your appraisal license. An appraiser’s career path.

Appraisal 101

Appraisal Real Property Property Appraisal Training 101

McKissock

FEBRUARY 7, 2023

Simplify your licensing education with the Appraisal Licensing Unlimited Learning Subscription. Step 2: Gain experience Next, work under a certified appraiser to gain supervised training experience. Each level requires you to develop new skills that allow you to appraise different property types. Learn more.

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Appraisal Real Property Property Appraisal Training 52

McKissock

DECEMBER 4, 2020

Developing an appraisal specialty is a great way to grow your business and stay competitive in the industry. Last month we asked our appraisal community, “What new appraisal specialty or niche would you like to break into?” The top three answers were review appraisal, commercial appraisal, and green home appraisal. .”

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Appraisal Property Appraisal Valuation Luxury Properties 66

McKissock

NOVEMBER 10, 2020

As busy real estate appraiser, both your time and your professional reputation are extremely valuable. 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.

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Appraisal Training Property Appraisal Design 64

The Robert Weiler Company

NOVEMBER 9, 2022

Do your research and find out if there are easy access to trains, buses, and airports, as well as major roads and freeways. Consider the quality of life issues when conducting your commercial property search in Columbus, Ohio. These are all important issues that will surely contribute to the property’s overall quality and desirability.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

Real Quantum

AUGUST 3, 2022

They provide a variety of commercial valuation services specializing in multi-family, mixed-use, industrial, commercial, new construction, and land property appraisal services and have recently diversified into one- to four-family residential appraisal services. Westrock has had technology innovation in its DNA from the start.

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Valuation Technology Transportation Appraisal 36

AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. When choosing a commercial appraiser, it is important to consider their qualifications and experience.

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Appraisal Appraisal Process Valuation Real Estate 36

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Also, underwriters should be trained to identify and remedy appraisal deficiencies, including racial and ethnic bias.

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Reconsideration of Value Appraisal Valuation Training 78

Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Reconsideration of Value Appraisal Valuation Appraisal Process 450

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. I don’t know if Realtors can be re-trained to see value rather than price. I speak with a lot of Realtors and many are not oriented the same as appraisers. After graduation he worked for USAA in Real Estate Development.

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Appraisal Agents Real Estate Real Estate Agent 81

Appraisal Today

JUNE 23, 2023

In it, Fannie boldly proclaims that they are “moving away from implying that an appraisal is a default requirement.” Fannie has been upfront about its interest in developing appraisal “alternatives.” The proposed rule’s safeguards are not a panacea, but represent a recognition of the risks posed by algorithmic appraisals.

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Appraisal Real Estate Valuation Contracts 87

McKissock

JANUARY 3, 2023

There are other factors that are normally adjusted for in single-unit appraisals which may be of little or no consideration in appraisals of 2-4 unit properties, unless those factors impact the amount of rent a tenant would be willing to pay, or the investor’s bottom line. How to begin when appraising small income properties.

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Appraisal Tenants Investors Investing 89

Boston Appraisal

JUNE 24, 2019

Sometimes, appraisals do not reflect the perceived value of these improvements, to the dismay of building owners. This is due in part to the fact that, to establish the market value of a property, appraisers must present in their report comparables with similar features to support the opinion of value.

Appraisal 78

Appraisal Real Estate Market Value Technology 78

Housing Wire

JULY 29, 2021

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. Until recently, the Appraisal Institute , the profession’s primary trade organization, did not acknowledge any racial bias.

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Appraisal Valuation Training Law 545

Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.

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Appraisal Modernization Training Business 70

Clear Capital

MARCH 4, 2022

In traditional appraisals, an appraiser visits the property to complete an inspection to collect property data to assist in determining the home’s value. Appraisers take photos, measure for square footage, evaluate the property’s condition, and use various public data sources to develop an opinion of value. .

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Valuation Appraisal Inspection Appraisal Process 69

Clear Capital

MAY 24, 2022

Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. So when it comes to valuing properties in a volatile market, as we experienced in the years since the pandemic, choosing the right AVM is imperative.

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Housing Market Valuation Marketing Real Estate 69

Housing Wire

MAY 1, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.

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Reconsideration of Value Appraisal Valuation Realtors 366

AmeriMac

JANUARY 3, 2022

A home appraisal is an opportunity to have an objective third party enter the situation – one who is not affiliated with either person – to provide an accurate representation of what the home is actually worth. A home appraiser is someone who has been both licensed and trained who physically visits the property in question.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

A home appraisal is an opportunity to have an objective third party enter the situation – one who is not affiliated with either person – to provide an accurate representation of what the home is actually worth. A home appraiser is someone who has been both licensed and trained who physically visits the property in question.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Housing Wire

NOVEMBER 30, 2021

Our industry must support and adopt solutions like the Practical Applications of Real Estate Appraisal (PAREA) and allow students to engage in simulated/virtual training programs in every state. Additionally, as directed by the Biden administration, the U.S. The greatest barrier to that today is the current supervisory model.

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Appraisal Process Modernization Appraisal Valuation 410

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Still, there are some kinks to work out of third-party property data collection, which Christensen described as the “Wild West.”.

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Appraisal Valuation Inspection Law 319