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Purchase Contracts in Appraisal Reports

Walitt Solutions

My market value conclusion came in below the purchase contract price. Now, a few weeks later, the parties have signed an addendum to the contract to match my value conclusion; the client has sent me that addendum. The client wants me to change my report to show the new amended contract price! What should I do?

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NAR board votes to leave dues unchanged in 2025

Housing Wire

In selling property they own, or in which they have any interest, Realtors shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative.” represent themselves 2. represent a member of their immediate family 3. represent their firm or any broker or agent thereof 4.

Realtors 335
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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. When reading contracts, words will always have their ordinary meaning unless defined otherwise.

Valuation 360
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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.45 percent from 6.48

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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

In addition to online courses, students appreciate that the prelicensing course comes with a complimentary physical textbook to read, highlight, and reference. Covers real estate math, concepts, brokerage, real property, contracts, appraisal, updated TILA/RESPA information & more. Self-paced.

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Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

McKissock

A Desktop appraisal is defined as, “An appraisal assignment for which the scope of work does not include field work by the appraiser and does not include reviewing a recent interior/exterior property data report.”. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992.

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Are Appraisers Professionals?

Appraisal Today

At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? The 1007 was not designed for appraising single-family properties that are used as STRs. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.87