Exciting news for the appraisal world! Certain portions of USPAP are now available online to the public in a free, downloadable, searchable format! At this point, the first 30 pages of the 354 page publication are available. We will keep you posted as more sections become available.
“It’s a dud” is the unofficial results on bifurcated appraisals from the OREP / WorkingRE Magazine Appraisal Bifurcation Survey In the print edition of Working RE Magazine that is hitting your mailbox now, an overwhelming majority of appraisers want nothing to do with these products. Less than 10% of the respondents stated they were open… Read More »
If you still believe a hybrid or bifurcated appraisal is USAP compliant, you may want to take a look at the article and disciplinary action posted on AppriasersBlogs today. An appraiser who completed a hybrid appraisal was fined $2,500 by the Georgia Real Estate Appraisal Board for 23 violations. Yes you read that correctly, 23… Read More »
The Department of Justice has sent a Civil Information Demand (CID) notice to CoreLogic. The CID requires CoreLogic turn over documents and answer questions. The article by Rob Hahn explains that the case revolves around not only the search features of the MLS systems, but the contracts and agreements on the use of MLS data… Read More »
Real Property Valuation Forum: Who is Doing My Appraisal? How Remote Valuation Could Affect Your Transactions. Tuesday, May 14, 20191:00 PM–3:00 PM Location: Marriott Wardman Park, Virginia Suite, Lobby Level REALTORS® LEGISLATIVE MEETINGS & TRADE EXPO MAY 13-18, 2019 WASHINGTON, DC Description Who is doing my appraisal?! How remote valuation could affect your transactions. Desktop or hybrid appraisals… Read More »
You have accepted an appraisal assignment for a purchase. Your client is the lender. Upon reviewing the sales contract, the following preprinted language is in the sales contract: “This contract is not contingent upon the Property being valued at an Appraised Value according to the Lender’s appraisal or other appraisal as agreed upon by the… Read More »
Is the Welcome Mat Down and the Door Opened Wide for Fraud? “What Appraisers Need to Know about Property Data Collection” is a topic of discussion in the latest Fannie Mae Newsletter. The article describes how property data is being collected and being sent to Fannie Mae to determine the type of valuation that is… Read More »