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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. The post The Value of Words in Valuation appeared first on Appraisal Buzz. Summary, What Does it Mean?

Valuation 360
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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Valuation – The valuation stage can also be considered the preliminary due diligence stage. Once an offer is accepted, the full due diligence stage commences.

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Ban Multiple Regression?

George Dell

We ask: Are these conditions true in most real property valuations? Multiple regression works very well under some conditions. This is actually a vast topic, so we can only reflect on some of the conditions or assumptions which are required for a multiple regression to be valid.

Valuation 370
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Ethics is Our Solution

Appraisal Buzz

I have weathered seasons marred by valuation professionals whose malfeasance adversely impacted the economy and society. The future of the valuation profession is not certain to me. Technological advances suggest we need to move toward automated valuation models that churn data through automated algorithms to produce valuations.

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Appraisal bill would combat legacy of redlining

Housing Wire

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. Emanuel Cleaver (D-MO) and Rep. A 2018 study from the Brookings Institute found that in the average U.S.

Appraisal 397
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NAR says it’s doing what it can on housing discrimination

Housing Wire

Petersburg, Florida, and head of NAR’s Real Property Valuation Committee, pointed specifically to the apprentice training requirement – no comparable requirement exists for real estate agents – as the reason no one is joining a depleted profession in the crosshairs for allegedly racially biased appraisals.

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Risk Exposure in the Title Insurance Space 

Appraisal Buzz

“, the paper estimates that the title insurance industry’s work to maintain accurate and reliable property records mitigates $600 to $900 billion in risk exposure to home buyers, lenders and other participants in real estate transactions. With total revenue of $6.0 and abroad.

Insurance 384