Cleveland Appraisal Blog

MAY 26, 2023

The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. The Income Approach uses potential income to develop an opinion of the market value of a property, when applicable. All three are market-based approaches. All three are market-based approaches.

Appraisal 301

Appraisal Real Estate Agent Real Estate Valuation 301

Cleveland Appraisal Blog

APRIL 21, 2022

This article is not intended to poke fun at people that suffer from different illnesses. Because when developing the market value of a home, appraisers look for other homes that are comparable in terms of condition. Thanks so much for continuing to read my articles, as well as those of my guest bloggers. Probably not.

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Market Value Appraisal Agents Real Estate Agent 350

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. In the long run, these can be of real value to new agents launching their career.

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Real Estate Contracts Law Real Estate Agent 434

Housing Wire

APRIL 22, 2024

Colibri courses were created by experienced industry experts, and include real-world examples and interactive learning opportunities. It allows students to stop and start courses as needed, develop and meet study goals, and track progress across your required coursework. Washington Real Estate Practices (30 course hours).

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Real Estate Tools Agents Real Estate Agent 459

Housing Wire

NOVEMBER 30, 2023

We’ll help you make an informed decision and find the right Chicago real estate classes or online program to best fit your budget, timeline, learning style and schedule. Covers real estate math, concepts, brokerage, real property, contracts, appraisal, updated TILA/RESPA information & more. Self-paced.

Real Estate 448

Real Estate Realtors Real Estate Agent Law 448

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Simonson Real Estate

SEPTEMBER 16, 2021

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.

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Appraisal Appraisal Process Real Property Real Estate 78

McKissock

JANUARY 4, 2022

Real estate appraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the Real Property Appraiser Qualification Criteria for details. McKissock professional development courses. more stringent) than AQB criteria. Schedule a call with an Education Specialist.

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Appraisal Valuation Real Estate Agent Real Estate 93

McKissock

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Over the past several years, the single largest source of business for real property appraisers has been residential mortgage lending, specifically mortgage refinances. Article written by Joseph Dobrian.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

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. You might be looking to grow your business, delegate tasks (e.g., In this post, we outline how to become a supervisory appraiser.

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Appraisal Training Property Appraisal Real Property 97

McKissock

SEPTEMBER 20, 2021

To help you out, we’ve put together an overview of Articles 1–13, as well as links to helpful case examples. Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. Overview of NAR Code of Ethics: Articles 1–13.

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Real Estate Clients Real Estate Agent Realtors 58

McKissock

AUGUST 21, 2020

USPAP STANDARD 2 clearly states the minimum content requirements for reporting a real property appraisal. What you did or did not do in developing the appraisal. Development shortcuts? So you must not take development shortcuts when using a Restricted Appraisal Report. Reporting requirements. Get the free guide.

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Appraisal Appraisal Process Clients Development 92

McKissock

SEPTEMBER 14, 2021

Free Download: Learn how to become a real estate appraiser in our free guide. Every piece of real property, from a two-bedroom condo to a 500-acre alfalfa farm, has a value. Diagramming or photographing a property and its structures. Inspecting the property to determine its condition and improvements.

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Real Estate Appraisal Inspection Real Property 92

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

McKissock

OCTOBER 5, 2021

The Foundation is pleased to once again partner with McKissock to develop online versions of the real property 2022-2023 7-Hour National USPAP Update Course. This is the 12th year that McKissock Learning has been the exclusive provider of The Appraisal Foundation’s national online USPAP update course.

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Appraisal Tools Development Real Property 78

McKissock

JUNE 21, 2022

The subdivision developer, builder, sales staff, surveyors, appraisers, brokers, as well as attorneys from all sides eventually were involved. Some developers do it differently. In many cases, the developer will plat the lots surrounding water retention ponds so that each lot has a triangular wedge going to the center of the pond.

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Appraisal Investors Legal Development 88

McKissock

SEPTEMBER 15, 2020

In this article, I outline several examples of less serious breaches of development STANDARD 1 and reporting STANDARD 2—and a few other types of violations, too. Failure to disclose significant real property appraisal assistance is another common violation. Failure to disclose appraisal assistance. Written by Dan Bradley.

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Appraisal Property Appraisal Real Property Law 52

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. Learn more in our free guide, The ROI of Professional Development for Appraisers. Written by Steven W.

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Contracts Appraisal Market Value Real Estate 64

McKissock

DECEMBER 31, 2021

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. Developing a niche specialty can be a great way to elevate your career and earn more income. ” Here’s what they said. ” Earn a designation or certification (4%).

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Appraisal Design Property Appraisal Real Property 64

McKissock

DECEMBER 2, 2022

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. “I would suggest for anyone who’s interested to start taking your appraiser trainee classes whether you have found a supervisor or not.

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Appraisal Training Real Property Design 85

Lamacchia Realty

MARCH 1, 2023

Those companies are currently employing 6,249 people with full-time positions and they’re projected to create another 11,778 full-time posts in the future,” reported the Business Development Board of Palm Beach County. Stated the Atlantic in a recent article. South Florida has seen incredible population growth.

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Business Government Realtors Buyers 78

McKissock

FEBRUARY 7, 2023

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. Each level requires you to develop new skills that allow you to appraise different property types.

Appraisal 52

Appraisal Real Property Property Appraisal Training 52

McKissock

MAY 18, 2021

The scope of work must disclose the extent the property was inspected. USPAP states that appraisal reports for real property must contain a signed certification indicating whether the appraiser has or has not personally inspected the subject property.

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Appraisal Inspection Clients Real Property 63

Appraisal Today

SEPTEMBER 20, 2024

Over the past couple years, my team and I have been at the forefront of this revolution, developing customized AI agents that don’t just automate tasks—they enhance efficiency, save time, increase income, and streamline processes in ways previously unimaginable. Part of this article was posted on James Kleimann’s linkedin account.

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Appraisal Business Contracts Real Estate 75

McKissock

AUGUST 11, 2020

There should be enough information in your workfile so that you know exactly what you were thinking when you developed and reported that opinion of value. To learn more about what happens if you do end up getting a complaint filed against you, read my article: How Are Appraisal Complaints Enforced? What could I have been thinking?”.

Appraisal 64

Appraisal Clients Real Estate Law 64

McKissock

SEPTEMBER 24, 2021

Every appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value of real property. Download our free guide packed full of tips for getting the most of your professional development.

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Appraisal Real Estate Development Market Value 52

McKissock

NOVEMBER 3, 2020

A: The standard model for taking on a trainee is on-the-job training, developing individuals by letting them learn by doing. In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria. But if you want to train someone successfully, you have to do more than that.

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Appraisal Training Business Property Appraisal 75

Appraisal Today

AUGUST 9, 2024

Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most often, it is defined as the most probable price a property should sell for under typical conditions. It is the best article I have read on different types of values, plus other comments.

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Appraisal Reconsideration of Value Insurance Market Value 68

Property Metrics

MAY 28, 2021

The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence.

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Real Estate Tenants Modernization Renovations 50

Appraisal Today

JULY 12, 2024

Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. I try to avoid using the word “industry”.

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Appraisal Design Contracts Business 70

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. George had a Ph.D.

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Appraisal Agents Real Estate Real Estate Agent 83

Appraisal Today

APRIL 2, 2023

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. lenders and appraisers) to begin understanding the future state and start their development process.

Contracts 52

Contracts Appraisal HOA Architecture 52

Appraisal Today

NOVEMBER 20, 2022

Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. Fortunately, this article includes many of them in one place. ==. Failure to analyze the sales history of the subject property. To read more, click here.

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

JULY 5, 2024

Similarly, the Redfin lawsuit states that the real estate brokerage also offers on its website video tours of many properties listed for sale, consisting of prerecorded video with accompanying audio. The First Leg: What Can A Residential Appraiser Offer a Prospective Supervisor? To subscribe, go to www. It is very interesting.

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HOA Appraisal Real Estate Contracts 67

Housing Wire

NOVEMBER 30, 2023

While there are many online real estate cla in Ohio to choose from, it’s important to find a program that’s aligned with your budget, schedule, timeline, and goals, and that lay the foundation for a successful real estate career. Program follows a blueprint developed by the OH Association of Realtors®.

Real Estate 448

Real Estate Real Estate Agent Law Inspection 448

Appraisal Today

FEBRUARY 21, 2025

Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible, physically possible, financially feasible, and maximally productive. This article is an excellent reminder. Not sure if you want to subscribe?

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

SEPTEMBER 9, 2022

Excerpts: What does the appraiser do with the three different values that may be developed? Respectfully, if they had read my report and not just looked at the values, they would know exactly why they are different and how I developed them. The August 2022 issue of Appraisal Today had this article by Tim: “Markets are changing.

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Reconsideration of Value Appraisal Clients Contracts 52