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Because in both instances, they first had their homes valued by realestateagents, not appraisers. The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital propertyappraised.
Realpropertyappraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in realpropertyappraisal is cause for concern.
However, these are the general guidelines you’ll need to follow to meet the Appraisal Qualifications Board (AQB) criteria. Realestateappraiser qualification criteria. Hours required include specific curriculum courses and hours — please see the RealPropertyAppraiser Qualification Criteria for details.
This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing. Let’s explore how solar panels and other green features add value to realproperty. Solar Panels and Other Green Features Are a Good Investment.
Ask an appraiser about their education and licensing. Federal law mandates state certification for most appraisers. The two basic licenses are Certified Residential RealPropertyAppraiser and Certified General RealPropertyAppraiser. Evaluate the appraiser’s experience.
Changing the appraised value simply for the purpose of meeting the contract sales price is not a good reason. Such an act might appear to make everybody happy, e.g., the lender/client gets to make a loan, the realestateagent gets a commission, the buyers get the house, etc. And it’s not going to be good.
They included appraisers, realestateagents, and someone with a week, a month, or online video training. For example, I’m appraising a Victorian built before 1910. Using MLS photos is a joke, as realestateagents don’t take photos of defects. I see very different levels of inspectors.
Each state has its own set of administrative procedures used to handle disciplinary complaints against licensees of various professions, such as appraisers, realestateagents and broker s, doctors, nurses, accountants, etc. Bradley, SRA, CDEI is the Director of Online Appraisal Curriculum for McKissock Learning.
Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. My comments: Realestateagents and brokers are salespersons. I speak with a lot of Realtors and many are not oriented the same as appraisers. To read the letter (PDF), click here.
By examining local market trends, neighborhood amenities, and specific features of the property, alternate valuation products provide a detailed view of a home’s value. The Basics of Alternate Valuation Alternate valuation in realproperty means using different methods to estimate a property’s worth.
Excerpts: Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant realpropertyappraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. To read more, click here.
Strange Encounters in PropertyAppraisal By: McKissock Excerpts: Propertyappraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. There are few appraisers here. He only does non-lender appraisals.
This blog post is written for newer realestateagents, but a good reminder of what many other people think. For example, when I say I am a realestateappraiser, many people ask if I have any listings. They think I am an agent and don’t know what appraisers do. I have heard them.
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