Do aerial viewings using a drone constitute a “personal inspection”? The Appraisal Foundation released a Uniform Standards of Professional Appraisal Practice Q&A for guidance on this and other appraisal issues.
NAR President Tom Salomone gave an interview to Appraisal Buzz, an online appraisal industry magazine, on the tensions between appraisers and real estate agents.
Melanie McLane, GRI, ABR, CRB, CRS, RAA, SRS, SRES, GREEN, RSPS, BPOR, e-PRO will be presenting a free RPR webinar on “3 Reasons Why RPR Should be an Integral Part of Your Appraisal Process” on November 16 at 3pm ET.
Register for the webinar here.
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WASHINGTON (October 5, 2016) — Realtors® raised concerns earlier this year when the Federal Housing Administration’s “Single Family Housing Policy Handbook” included new requirements for appraisers to operate and physically observe appliances on a property during the completion of an appraisal. This inspector-type role far exceeded previously understood appraiser duties and… Read More
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On October 6, 2016, NAR sent a letter to the Department of Housing and Urban Development (HUD) Secretary Julián Castro thanking him for listening to NAR’s concerns and revising the Single Family Housing Policy Handbook 4000.1 (the Handbook) appliance review requirements for FHA appraisals.
The update to the Handbook, released on September 30, 2016, removed the language that an appraiser “must operate all conveyed appliances and observe their performance,” and replaced it with “must note all appliances that remain and contribute to the ...
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The Wide World of AVM Values: Real Property Valuation Forum
11/05/2016 | 1:30 PM – 3:00 PM
Location: Orange County Convention Center West
Do you understand why there is a variation in the output among automated Valuation Models (AVMs)? Our panel will show you how to read, understand and explain the output of AVMs and why the output of an AVM may differ from the results of a CMA or an appraisal. Discover ...
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On July 28, 2016, the National Association of REALTORS® hosted an Appraisal Summit, focused on appraiser job satisfaction and industry growth in the context of today’s regulatory structure. A variety of stakeholders in the appraisal field, including trade associations, federal regulatory officials and practitioners attended the Summit. Representatives from Fannie Mae, the Federal Housing Agency, the US Department of Veterans Affairs and the Appraisal Subcommittee discussed current issues facing the appraisal field with attendees. NAR is focused on educating its ...
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Tested education: 45 hours for the RAA or 60 hours for the GAA of tested course work in addition to the Appraiser Qualification Board’s education requirement at the time of certification. This is any course taken that required an exam at the end. The course can be taken between the time of your initial licensure until now.
Need more hours? Here’s a list of sources to obtain appraisal education:
Alliance for Valuation Education (AVE) – 202/595-3321
American Society of… Continue Reading →
Teaching your clients about how appraisals work will help them achieve a quick and profitable refinance or sale.
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State/Local Appraisal Groups
Real Estate Appraisal Structures provide a vehicle for packaging and delivering products and services to appraisers at the state and local Association level. Structures that exist at this level include: Task Forces, Subcommittees/Committees and State Sections.
Reasons to form an Appraisal Group:
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