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How to Become a Property Appraiser

McKissock

There are many opportunities for new real estate appraisers entering the profession today. The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. What’s it like to be an appraiser?

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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

Have you heard of a property being overimproved, or super adequate? Unless you’re in the property valuation profession, you may not have. ” Conversely, an underimproved property might be lacking in amenities that most buyers expect to see.

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All the Tips You Need to Make Moving to a New State Much Easier

Cleveland Appraisal Blog

If you need to get a home appraised, Aspen Appraisal Services offers expert independent appraisals! And thank you dear reader for being here at the Cleveland Appraisal Blog! You can also listen right here at Cleveland Appraisal Blog! .

Appraisal 284
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Zillow Zinged

Cleveland Appraisal Blog

For years, Zillow Zesimates have been zinged by real estate professionals for creating angst in the market by their unsupportable value estimates. I regularly work for investors who hire me to appraise a home they are interested in buying. Type of property – Single-Family Residential.

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Is Property Appraisal an Art or a Science?

AmeriMac

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Opportunities for appraisers in 2022.

Appraisal 107
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Is Now a Good Time to Become an Appraiser?

McKissock

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

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AQB adopts criteria changes

Valuation Review

The Appraiser Qualifications Board (AQB) recently adopted a new edition of the Real Property Appraiser Qualification Criteria. The Criteria set qualification standards for real property appraisers in the United States and provide continuing education guidelines for current appraisers to maintain their appraisal license

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NAR Meets with Biden's Task Force on Appraisals

National Association of Realtors

NAR’s Real Property Valuation Committee and leadership from NAR’s Fair Housing Policy Committee participated in a listening session with the Biden Administration’s Interagency Task Force on Property Appraisal and Valuation Equity (PAVE

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Seminar Addresses Common Complaints Against Appraisers Through Case Studies

Appraisal Buzz

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common.

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

McKissock

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Special purpose property tips.

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NAR Urges TAF to Recommend State Licensing Bodies to Require Fair Housing

National Association of Realtors

NAR wrote to the Appraiser Qualifications Board of the Appraisal Foundation urging it to revise the real property appraiser qualification criteria to require fair housing and valuation bias training for both qualifying and continuing education

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Appraisers Share Their Top Professional Goals for 2022

Appraisal Buzz

Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As real property appraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve.

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Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

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ASC initiates appraisal standards, appraiser qualification criteria

Valuation Review

This is in conjunction with policies established by The Appraisal Foundation’s Appraisal Standards Board and the Appraiser Qualifications Board

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FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers?

Appraiserblogs

The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme. You Are a FEE Appraiser Not a FREE Appraiser you are a FEE appraiser, not a FREE appraiser.

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Exposing Occupational Licensing Abuses Nationwide

Appraiserblogs

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State?

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Attorneys General Shady Business

Appraiserblogs

Racket at Attorneys General Group Will Ring Familiar to Appraisers The nation’s licensed real property appraisers will recognize a scheme run by a nonprofit known as the National Association of Attorneys General.

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Racial Bias in Real Estate: Is it the Appraisers’ Fault?

Appraiserblogs

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages. appeared on Appraisers Blogs.

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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The Value of Words in Valuation

Appraisal Buzz

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. Summary, What Does it Mean?

Valuation 360
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How to Become a Supervisory Appraiser

McKissock

As an experienced appraiser, there are many reasons you may decide to take on a trainee. property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers.

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How to Become an Appraiser in 3 Steps

McKissock

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. How to become an appraiser. An appraiser’s career path.

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How to Become an Appraiser in 3 Steps

McKissock

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Note: Not every state has the licensed appraiser credential.

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Advisory Opinion 16, a Game Changer?

Appraiserblogs

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. … USPAP Appraisal Reviews in 15 Minutes? $15

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How to Avoid and Respond to Appraisal Board Complaints

McKissock

Disciplinary complaints against appraisers are becoming more and more common. 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.

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7 Appraiser Trainee Goals for 2023

McKissock

Are you an appraisal trainee working toward becoming a licensed or certified real estate appraiser? Here are some top appraiser trainee goals for the coming year. If you haven’t found an appraisal supervisor yet, put this at the top your list.

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How Long Does It Take to Become an Appraiser?

McKissock

If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. Some states allow you to obtain a Licensed Residential Appraiser credential after 6 months of experience.

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

The Robert Weiler Company

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Why Is a Commercial Real Estate Appraisal Review Required?

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4 Ways to Motivate Your Commercial Appraisal Team

Real Quantum

4 Ways to Motivate Your Commercial Appraisal Team. I t is no easy task to motivate your commercial appraisal team and keep their morale high during a pandemic, the holidays and Q4. The appraisers that work for you are the future of the business and the profession.

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Revisiting Advisory Opinion 16

DataMaster

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. These regulations are aimed at alerting appraisers to unintentional biases they might hold.

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How to Upgrade Your Appraisal License

McKissock

You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly.

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8 Common Violations Made by Appraisers

McKissock

When it comes to appraisal violations , certain minor violations are very common. I have compiled these based on many years of personal experience in appraisal regulation, as well as feedback I have received from other states’ enforcement agencies. That’s something that a lot of boards have cited as a prevalent deficiency or shortcoming in appraisal reports. Failure to analyze the three-year sales history of the subject property is also common.

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Do You Need a College Degree to Become an Appraiser?

McKissock

Consider becoming a real estate appraiser. ” and “How much money can you make as an appraiser?” What are the requirements to become an appraiser? Real property appraiser qualification criteria*. How much do appraisers make?

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6 Helpful Tips for Hiring a Home Appraiser

East Coast Appraisal

A home appraisal is vital when you want to sell your house. As the seller, you likely want a real estate appraiser who will provide an impartial opinion based on your current home's condition and the prices of other properties in your location.

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4 Key Disclosures and Disclaimers for Hybrid Appraisal Reports

McKissock

There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report. Property inspection disclaimer.

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How Do I Earn the MAI Designation?

Real Quantum

Appraisers come in all shapes and sizes. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd. MAI stands for Member of the Appraisal Institute. The Appraisal Institute is based in the U.S.

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Revisiting Advisory Opinion 16

DataMaster

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. These regulations are aimed at alerting appraisers to unintentional biases they might hold.

Law 78
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Revisiting Advisory Opinion 16

DataMaster

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. These regulations are aimed at alerting appraisers to unintentional biases they might hold.

Law 78
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Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers.

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