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Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives. The fact is, Fannie Mae is explicitly working toward the elimination of appraisers for realproperty valuations. appeared on Appraisers Blogs.
STATE LICENSING If a state-licensed real estate agent had the ability to appraise property with the same level of precision as a state-licensed or certified appraiser, an agent would not have to go thru the same process and testing that a state-licensed or certified appraiser goes thru, would they? Both require a skill.
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a realproperty appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? Isn’t that all that appraisers do?
Her experience as a licensed realproperty appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. The post Exposing Occupational Licensing Abuses Nationwide appeared on Appraisers Blogs. Who would have thought it?
The following is taken right out of the new exposure draft on realproperty appraiser qualifications criteria. and Bias Training.other states will also modify their appraisal license renewal CE class requirements to include some form of anti-bias training. The core goal is to. Related Posts: Truisms - Taxes, Death.
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 realproperty on your own. Choose from live stream appraisal licensing courses (engage with instructors in real time!) Want to contribute to our blog?
They included appraisers, real estate agents, and someone with a week, a month, or online video training. Most of the inspection training we receive as appraisers happens in the field. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified realproperty appraiser.
I was first trained as a scientist, starting with my high school biology class. 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 also got a California Broker’s license in 1986, which only required a college degree and no real estate experience.
Further, a property appraisal reviewer should have experience with the type of property that the professional is reviewing. Licensed and qualified real estate appraisers typically perform appraisal reviews. Commercial real estate appraisal is a profession with specific training, regulations, and professional designations.
In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the RealProperty Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. To read the letter (PDF), click here.
This AI Agent is trained on and powered by the current “FHA 4001.1 Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. NOTE: the popular ads with liability tips are below the first topic on my blog posts. Handbook.”
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. To read more of this long blog post with many topics, click Read More Below!!
In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of realproperty appraisers providing appraisal services to lenders who provide home mortgages. On January 4, 2021, the… The post Racial Bias in Real Estate: Is it the Appraisers’ Fault?
To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. No ads in the blog post. and NOT the ad-only emails.
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