Appraiserblogs

MARCH 8, 2021

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. … USPAP Appraisal Reviews in 15 Minutes?

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Law Property Appraisal Appraisal Real Property 104

McKissock

DECEMBER 7, 2021

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?” Key appraisal competencies. Learn more in our free guide, The ROI of Professional Development for Appraisers.

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The Robert Weiler Company

SEPTEMBER 30, 2020

And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. For grants secured for commercial real estate acquisition or development, appraisal reviews are a must-have. Grant Applications. Litigation.

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Real Estate Appraisal Valuation Property Appraisal 137

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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Valuation Property Appraisal Training Appraisal 91

AmeriMac

OCTOBER 28, 2024

Understanding these distinctions is crucial for accurately evaluating the value of REO properties compared to conventional real estate assets. The Appraisal Challenges for REO Properties Appraising REO properties presents special challenges for real estate experts.

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The Robert Weiler Company

OCTOBER 15, 2021

Tip #5: Hire a professional Ohio real estate appraiser to assess the Columbus, Ohio commercial property for sale before signing. In addition to hiring an attorney, assemble a team of experts, particularly professional commercial property appraisers to assess the property prior to signing. in decades.

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The Robert Weiler Company

SEPTEMBER 16, 2022

Conservation easements are voluntary land use agreements where the landowner agrees to protect a portion of the land they own from future development, often in perpetuity. A conservation easement allows for a property to remain in its natural state and can include forest and nature preserves. What is a Conservation Easement in Ohio?

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DataMaster

MARCH 17, 2021

With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Advisory Opinion 16.

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Appraisal Inspection Property Appraisal Law 141

McKissock

JULY 20, 2021

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. A home inspector might estimate the cost of certain repairs, but value opinions are left to the appraiser.

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McKissock

SEPTEMBER 15, 2020

When it comes to appraisal violations , certain minor violations are very common. 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 appraisal assistance. It has been updated slightly.

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Magnusson Group

SEPTEMBER 15, 2021

He became a Fine Art specialist for a regional auction house before joining Sotheby’s in New York City where he worked in Business Development and Operations. Nathan has a JD from Fordham University School of Law where he was a Notes and Articles Editor for its Intellectual Property Law journal. Rome, Italy.

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DataMaster

MARCH 17, 2021

With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting.

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Appraisal Inspection Property Appraisal Law 78

DataMaster

MARCH 17, 2021

With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Advisory Opinion 16.

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Appraisal Inspection Property Appraisal Law 78

Realvals

JUNE 18, 2023

Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. Depending on the total value of the real estate and/or the location of the property, taxes may be owed for the real estate. It is important to work with a certified appraiser to comply with these regulations and avoid potential penalties. .”

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McKissock

MAY 18, 2021

All appraisal reports must also contain sufficient information to enable the intended users to understand the extent of the inspection that was performed. Failure to disclose significant real property appraisal assistance is a common violation.

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McKissock

AUGUST 13, 2021

And although it shouldn’t, it may unintentionally influence the appraiser’s comparable selection and eventually impact a direction in value. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? Written by Steven W. Vehmeier.

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Contracts Appraisal Market Value Real Estate 64

McKissock

AUGUST 11, 2020

Here are several do’s and don’ts to help you avoid situations that may get you into trouble as a real estate appraiser. Do familiarize yourself with your state’s appraisal laws and rules/regulations. Do complete every appraisal as if it will be reviewed by a state investigator. What could I have been thinking?”.

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Appraisal Clients Real Estate Law 64

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? The data is then analyzed and used to develop opinions of value.

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The Robert Weiler Company

NOVEMBER 9, 2021

GIFTS FOR COMMERCIAL REAL ESTATE INVESTORS: Is your sister-in-law considered a real estate mogul in your community? GIFTS FOR PROPERTY INVESTORS OF ANY TYPE: No matter the size of the property investment, certain items are necessities. No more searching for keys or waiting around!

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Real Estate Investors Investing Home Improvement 147

Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines. Compliance with Fair Housing laws, rules, and regulations. After graduation he worked for USAA in Real Estate Development.

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Housing Wire

MARCH 9, 2021

The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.

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Housing Wire

JULY 29, 2021

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. In that role, Rice also leads the administration’s effort to advance racial justice and equity.

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Appraisal Valuation Training Law 545

PennyMac

JUNE 28, 2022

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). Property Appraisal Fee. Homeowner Association Fee.

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D Fritz Appraisals

SEPTEMBER 9, 2024

Fritz Appraisals Inc. Professional property appraisers will let you know the home’s true value compared to the asking price and how it might change over time. In British Columbia, the changes to zoning laws for multi-family projects will increase the number of high-density developments. What Does the Future Hold?

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McKissock

DECEMBER 3, 2021

These sessions were well-attended and featured some spirited discussion; participants included some of the most respected names in the appraisal profession. The task force itself does not have the authority to pass laws or promulgate regulations. Many of the individual agencies represented on the task force (HUD, VA, FDIC, CFPB, etc.)

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Appraisal Hub

FEBRUARY 15, 2024

Comparative Market Analysis (CMA): For residential properties, appraisers look at recent sales of similar homes in the area. Commercial appraisals, however, may also include an income approach, evaluating the property’s ability to generate income. Choosing the right appraisal company in Toronto is crucial.

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Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. Fannie has been upfront about its interest in developing appraisal “alternatives.”

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Appraisal Real Estate Valuation Contracts 86

Clear Capital

JUNE 21, 2022

In addition to the Fannie Mae and Freddie Mac focus on appraisal bias, federal banking regulators and the Consumer Financial Protection Bureau (CFPB), all of whom are on the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), continued their work to examine requirements around AVM development and use.

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Clear Capital

APRIL 9, 2022

In late March, the Biden Administration released its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) report. Designed to mitigate bias in the real-estate appraisal process, the report recommended a multi-pronged approach to change how homes are valued and sold in the United States. READ FULL STORY.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Appraisers have, in the past, fretted over liability and data reliability. Fair housing, are you kidding me?”.

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Appraisal Valuation Inspection Law 292

Appraisal Buzz

JUNE 28, 2024

Removed barriers to homeownership: FHA increased access to homeownership for borrowers with student loan debt, those seeking to purchase manufactured homes or properties with Accessory Dwelling Units, and households with a strong history of on-time rental payments. 1940 : FHA began paying all of its expenses from generated income.

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Housing Wire

NOVEMBER 25, 2024

could affect the appraisal industry. A CFPB ruling on AMC fees is in jeopardy AMCs took on a larger role in the appraisal industry after the Dodd-Frank legislation passed in 2010. Here’s how the power shift in Washington, D.C., Bye Bye, PAVE task force ?

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Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Redlining “is not even on the radar of their board or senior management,” she said.

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