McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. When should we analyze the contract? Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Housing Wire

OCTOBER 9, 2023

There are certain differences between being a real estate professional in Illinois and other states, which we’ll look at in this article. We’ll also dive into necessary steps and helpful tips, answer frequently asked questions, and provide all the key information you need to get your real estate license in Illinois, so keep reading.

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Real Estate Agent Real Estate Agents Brokerage 448

Town & Country Residential Appraisals

MAY 8, 2023

According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale. That's why it's important for the appraiser to receive a copy of the sales contract. By viewing the contract, the appraiser may be able to identify irregularities and comment on them.

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Contracts Appraisal Real Estate Property Appraisal 54

Housing Wire

APRIL 22, 2024

Exam Prep: Prelicensing Standard, Value, and Premium packages all feature Exam Prep Edge, a study tool that breaks down the material into unit lessons to help you understand and retain the information. Those two courses are: Washington Real Estate Fundamentals (60 course hours). Washington Real Estate Practices (30 course hours).

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Real Estate Tools Agents Real Estate Agent 459

Cleveland Appraisal Blog

MAY 26, 2023

(Assuming they made adjustments) Did you consider any relevant market trends or economic factors when determining the property’s value? Can you provide any additional information or documentation to support your appraisal? Hopefully, the agent will be able to answer these questions. The first question above relates to approaches.

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Appraisal Real Estate Agent Real Estate Valuation 301

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value.

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Appraisal Process Appraisal Market Value Tenants 148

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. ” To read the document (Partner Playbook), plus links to more extensive information, click here. Answers a lot of appraiser questions. Timeline 2023-2024.

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Contracts Appraisal HOA Architecture 52

GoForrmz

DECEMBER 5, 2024

Thankfully, technology will continue to play a pivotal role in not only advancing access and tools but also streamlining real estate processes and improving customer experiences. Tools leveraging AI provide data-driven insights, helping agents and property managers forecast property values, rental demand, and market fluctuations.

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Real Estate Property Management Tools Clients 78

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. Seasoned commercial property investors know that money need not be spent until after performing their review. It is also where most errors often occur.

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Investing Real Estate Tenants Investors 138

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. If something comes up that may impact delivery or information is missing, it is important for the lender and appraiser to inform the bank reviewer/credit analyst. Environmental Information.

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Appraisal Process Real Estate Appraisal Renovations 78

Empire Appraisal Group

JULY 1, 2021

Interacting With an Appraiser at a Property. Michelle Bradley, a certified general appraiser, instructor, and founder of Bradley Consultants LLC, recommended that agents bring a packet of information about their listing for the appraiser. This way you have done your due diligence,” Sweeney added.

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Agents Appraisal Real Estate Realtors 78

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. A good lawyer will see them coming.

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Development Sellers Legal Home Value 69

Appraisal Today

JULY 12, 2024

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? Scroll down past the big yellow signup block.

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Appraisal Design Contracts Business 68

Appraisal Today

SEPTEMBER 20, 2024

Because of the financial capabilities, motivations, or special interests of a given buyer or seller, the price paid for a property may or may not have any relation to the value that might be ascribed to the property by others.” To read more about the 4 ways, plus information on why I take ads, etc. with over 5,000 members.

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Appraisal Business Contracts Real Estate 73

Appraisal Today

SEPTEMBER 22, 2023

Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. There were some fee appraisers.

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Appraisal Training Inspection Real Estate 86

McKissock

SEPTEMBER 10, 2020

The Dictionary of Real Estate Appraisal, 6th Edition defines intangible property as “nonphysical assets, including but not limited to franchises, trademarks, patents, copyrights, goodwill, equities, securities, and contracts as distinguished from physical assets such as facilities and equipment.”

Appraisal 54

Appraisal Valuation Real Estate Design 54

Appraisal Today

JULY 5, 2024

To read more about the 4 ways, plus information on why I take ads, etc. The residential appraiser already has the knowledge and practical application of the fundamental appraisal process and practical experience valuing real property. Nine specific actions for real estate appraisers to stay informed 1.

HOA 65

HOA Appraisal Real Estate Contracts 65

Eppraisal

OCTOBER 28, 2021

Seller's Residential Disclosures The seller's residential disclosures that you'll most likely be filling out and signing are: a state residential real property disclosure report, a disclosure of information on radon hazards, a mold disclosure and a lead-based paint disclosure. You simply check "yes," "no" or "not applicable."

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Inspection Sellers Contracts Buyers 36

Appraisal Today

SEPTEMBER 1, 2023

Here’s some basic information about the case. As a side note, after much ado — the real property Standard 1 has only one word change in five years.) For more information on how they are compiled, click here. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.10

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

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?”. To read more click here . percent from 0.6

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Appraisal Agents Real Estate Real Estate Agent 80

Hood Homes Blog

SEPTEMBER 23, 2019

SELLER’S DISCLOSURE OF PROPERTY CONDITION. (a) In the Contract. Usually, the listing agent uploads the seller’s disclosure to the MLS with the property listing so that it is immediately available to the buyer’s agent to send to the buyer. Texas Seller’s Disclosure Law. The Fort Hood Inspection.

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Inspection Sellers Law Agents 54

McKissock

SEPTEMBER 20, 2021

Standard of Practice 3-10 states that the listing agent is only obligated to share property information and property accessibility to other brokers “when it is in the best interests of the client.” This includes “opinions of real property value or price.” Learn more about real estate risk management.

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Real Estate Clients Real Estate Agent Realtors 58

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. Changing the appraised value simply for the purpose of meeting the contract sales price is not a good reason. What could I have been thinking?”. It has been updated slightly.

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Appraisal Clients Real Estate Law 64

Appraisal Today

AUGUST 9, 2024

We don’t provide an appraised value of a property. Instead, we provide an informed, objective opinion of the value of the property based on several factors and criteria as well as the type of value we’re asked to provide. Most often, it is defined as the most probable price a property should sell for under typical conditions.

Appraisal 67

Appraisal Reconsideration of Value Insurance Market Value 67

The Robert Weiler Company

SEPTEMBER 7, 2022

Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! Offer a Land Contract: What is a land contract? A land contract is a legal agreement used to purchase real estate through owner financing. Don’t believe it’s time to sell?

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Marketing Real Estate Investing Retail 78

McKissock

DECEMBER 15, 2020

The VA Lenders Handbook, Pamphlet 26-7, provides some additional information about appraisal fees. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992. Want more info and insights? Check out our VA appraisal course: Appraising for the VA.

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Appraisal Property Appraisal Contracts Real Property 53

Appraisal Today

JUNE 24, 2022

Among the rights that come with real property ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. Desktop Appraisals Information Sources. To read more, click here. percent from 5.65

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Appraisal Contracts Mortgage Easement 52

Appraisal Today

NOVEMBER 20, 2022

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. Failure to analyze the sales history of the subject property. By McKissock November 15, 2022. To read more, click here.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

NOVEMBER 30, 2023

Colibri’s practice exams simulate a live exam and include test assessments, helping you retain the most important information, and giving you the assurance you need to pass the Ohio real estate exam. Terms & Class Information ** Note: All Prelicense Courses meet Ohio’s 120-hour sales associate pre-licensing requirement.

Real Estate 448

Real Estate Real Estate Agent Law Inspection 448

Appraisal Today

SEPTEMBER 9, 2022

Identify ROV content to determine next steps – take the time to analyze the content of the ROV to determine what specifically is being requested of you (the appraiser) and what level of information will be needed to respond to the requestor of the ROV. Click here for the list of 4 ways plus information on why I take ads, etc. =.

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Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

OCTOBER 27, 2023

This satisfies the affordable housing element,” Al Salguero, real property division manager at the Orange County Assessor’s Office, told the publication. For more information on how they are compiled, click here. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.52

Property Appraisal 72

Property Appraisal Appraisal Business Contracts 72

Housing Wire

JANUARY 6, 2025

Likewise, do not violate any provisions of your employment contract regarding solicitation of employees or customers. Similarly, departing employees should take care regarding what information, if any, is moved from one employer to another.

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Mortgage Legal Business Loan Officers 418

Appraisal Today

NOVEMBER 29, 2024

This also opens the door for pushback on related changes, such as the expansion of the Nondiscrimination rule of the Uniform Standards of Professional Appraisal Practice, or the addition of valuation bias education to the Real Property, to the extent that either of these would include content that goes beyond what exists in statute already.

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Appraisal Business Contracts Real Estate 76