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A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Navigating appraisal challenges in today’s housing market.
The appraisalprocess is critical to real estate transactions. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. Geographic Knowledge An appraiser with local knowledge will give you accurate work because geography and location affect property values.
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