Remove Law Remove Legal Remove Property Appraisal
article thumbnail

The Appraisal Foundation settles Fair Housing Act case with HUD

Housing Wire

That’s because aspiring appraisers allegedly rely heavily on identifying a friend or family member who is already a licensed appraiser to be their mentor. And, per the Bureau of Labor Statistics 2023 data, the property appraisers and assessors’ occupation was 94.7% White and 0.6%

Appraisal 433
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. Standard 2 is the specific standard that addresses the reporting of appraisals.

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

Consider These Factors Before Buying Land In 2023

Cleveland Appraisal Blog

Photo by Antonio Quagliata on Pexels.com Additionally, consider the zoning laws and land-use regulations in the area and what category it might fall into based on its specific location. Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. What is it for?

article thumbnail

Exposing Occupational Licensing Abuses Nationwide

Appraiserblogs

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State? Lately there has been a push for bifurcated (hybrid) appraisal products.

Legal 114
article thumbnail

Appraisers Are Sitting Ducks to Random Legislation

Appraiserblogs

Bill A5185 and AMC Bill A5146 introduced to the state legislature in New Jersey show just how much state legislators don’t understand the appraisal profession. Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. From Bill A5185: 2. 45:14F-27 et al.)

Appraisal 103
article thumbnail

Decoding Property Appraisal for REO Properties

AmeriMac

The Appraisal Challenges for REO Properties Appraising REO properties presents special challenges for real estate experts. Unlike regular appraisals , REOs are often distressed properties sold “as is.” Liens are legal claims that can hinder a property’s sale and decrease its value.

article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

It isn’t clear who owns the appraised property. Too much time has elapsed between the CRE appraisal and the loan. City or federally owned property is being evaluated. The physical, legal, or economic descriptions of the property are in question. Use Cases for a Commercial Appraisal Review.