Remove 2018 Remove Appraisal Remove Real Property
article thumbnail

Appraisal bill would combat legacy of redlining

Housing Wire

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. The Appraisal Institute , a trade association which represents appraisers, expressed its support for the legislation, and urged lawmakers to pass the bill.

Appraisal 397
article thumbnail

GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 The post GSEs Seek Input on Duty to Serve Plans appeared first on Appraisal Buzz. population. Interested participants can register here.

Finance 390
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How should appraisers approach short-term rentals?

DataMaster

In 2018, the GSEs changed policy to allow hosts of Airbnb, VRBO, Vacasa… etc. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new. What do short-term rentals mean for appraisers?

Appraisal 148
article thumbnail

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. In this post, we outline how to become a supervisory appraiser.

article thumbnail

How to Become a Certified General Appraiser

McKissock

As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers, also known as commercial appraisers. As a certified general appraiser, you will enjoy more stable fees, a higher income, and more choices in the assignments you decide to take on.

article thumbnail

Appraising Unusual Properties

Appraisal Today

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. Odd properties tend to be challenging yet rewarding in terms of the fee. built in 1905) 0.66

article thumbnail

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

McKissock

Appraisers are often reluctant to take on an appraisal trainee. 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. Q: What are some advantages of taking on appraisal trainees?