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ValuationReview recently spoke with CEO and veteran appraiser William Fall, who heads the William Fall Group. Fall outlined some of his ideas on current hot topics within the industry dealing with PAREA, education, training and the appraiser’s role when it comes to bias. Read on for more from Fall.
In a 2020 Voice of the Appraiser study by ValuationReview , 46% of appraisers listed low fees as the greatest concern for their profession. The more you know, the more you can grow your real estate appraisal business and shield your income from the ups and downs of the real estate market and encroaching technology.
Further, a property appraisal reviewer should have experience with the type of property that the professional is reviewing. Licensed and qualified real estate appraisers typically perform appraisal reviews. Commercial real estate appraisal is a profession with specific training, regulations, and professional designations.
Each year, technology plays more of a role in valuing homes for property appraisals , loan originations, secondary market investments, and even portfolio monitoring. As a leading real estate technology company, Clear Capital pioneers new advances in AVMs for mortgage lending. Real estate data is tough.
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