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How to Avoid and Respond to Appraisal Board Complaints

McKissock

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. D o notify your E&O insurance carrier right away. Failure to analyze the sales history of the subject property.

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

The Robert Weiler Company

As per the above list, there are several motives for a commercial real estate appraisal review; however, what does a real-world scenario look like? Two of the best examples occur when there is lending involved or litigation pursued. Grant Applications. A commercial appraisal review can be as significant as the appraisal itself.

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint.