Remove Clients Remove Definition Remove Real Property
article thumbnail

What it’s like originating reverse mortgages in Montana

Housing Wire

Montana automatically declares these as real property once they are permanently affixed, but the government requires the de-titling paperwork. I definitely agree it’s a product that should have a lot more upside,” DeWolf said. “I The real estate community is now seeing more younger agents as the older ones retire.

Mortgage 390
article thumbnail

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. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule.

Valuation 360
Insiders

Sign Up for our Newsletter

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

article thumbnail

Personal Inspection Demystified

Walitt Solutions

We know, for example, that an appraiser operating a drone while at his or her office could not claim to have performed a “personal inspection” of a property. subject property The defined term only relates to the property that is the subject of the appraisal.

article thumbnail

Checklist: What to Include in a Narrative Appraisal Report

McKissock

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

article thumbnail

Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments. Written by Dan Bradley.

article thumbnail

Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

REALTOR® and Agent Basics: Let’s start by nipping the most common misconception in the bud: Not all real estate agents are REALTORS®! By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. What is NAR?

article thumbnail

What Is a Reconciled Value?

Cleveland Appraisal Blog

One definition of the word reconcile in Dictionary.com is “to bring into agreement or harmony; make compatible or consistent.” When we are questioned on our work, we should be ready to explain and educate our clients on specific aspects of an appraisal. Let me give you a real-world example. Appraisers are.