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Problem identification is foundation for appraisals
Posted Date: Monday, September 16, 2019
At the 2019 Appraisal Institute conference in Denver, a panel of experts tackled the topic of problem identification within the appraisal profession.
And like the old adage states, in order to solve problems, one has to be able to identify just what those problems are.
Read on to find out what the panel told the conference attendees in Denver.
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Appraisal bill passes with bipartisan support
Posted Date: Monday, September 16, 2019
The House overwhelmingly passed the Homebuyer Assistance Act of 2019.
The bill will make it easier for homebuyers to buy a home with a Federal Housing Administration (FHA) mortgage by addressing the current shortage of certified appraisers.
Read on to find out more details of this key bill, which has the support of most major appraisal trade associations.
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Panel speaks to highest and best use business practices
Posted Date: Wednesday, September 11, 2019
Appraisers running their own businesses have found that such a task requires the same amount of skill, precision and attention to detail associated with valuing property.
Appraisers must establish what is the highest and best use of their time and apply such methodology to their practices. At the 2019 Appraisal Institute conference in Denver, Valuation Review heard from two industry experts who gave their thoughts on this matter.
Read on to find out what we were told.
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AQB issues first draft on PAREA
Posted Date: Monday, September 9, 2019
The Appraiser Qualifications Board (AQB) issued its first Exposure Draft of Practical Applications of Real Estate Appraisal (PAREA). Read on for more details.
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IAAO outlines position on fee simple terminology
Posted Date: Monday, September 16, 2019
The International Association of Assessing Officers (IAAO) approved a position that the term fee simple is a property rights concept that does not mean vacant or unencumbered by a lease.
It also is not a value concept to be used interchangeably with market value.
Valuation Review reached out to a firm’s research director for his thoughts on the issue.
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AI, Fannie join forces
Posted Date: Wednesday, September 11, 2019
The Appraisal Institute (AI) is partnering with Fannie Mae to promote appraisal careers and to foster diversity in the valuation profession, AI announced in a press release. Read on to learn more.
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Appraisers can help themselves with new book, AI says
Posted Date: Monday, September 16, 2019
Appraisers who take on a variety of valuation assignments can manage the risks associated with their work by taking realistic, effective steps, according to a new book published by the Appraisal Institute. Read on to find out more.
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Noncertified appraisers used for Missouri assessments
Posted Date: Wednesday, September 18, 2019
Only four state-certified appraisers were working on Jackson County’s (Missouri) troubled assessments this year, according to a report from a local station. Read on to learn more about these assessments done by non-appraisers.
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API, IAAO announce partnership
Posted Date: Friday, August 30, 2019
The Australian Property Institute and the International Association of Assessing Officers announced a formal partnership to promote and improve the appraisal and assessment industry through additional professional development opportunities and advocacy of the role the industry plays. Read on to learn more.
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Litigation support includes a broad range of services, panel says
Posted Date: Monday, September 23, 2019
CBRE Valuation & Advisory Services’ Executive Vice President Doug Main (Co-Leader of the National Litigation Support & Dispute Analysis Practice) and Director David Zoraster, highlighted litigation matters and guidelines for appraisers to follow during a recent presentation.
The session was titled “Litigation Support: A Consultant’s Gold Mine of Business Opportunities," and was presented at the 2019 Appraisal Institute conference in Denver.
Read on to find out what they shared.
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Ellie Mae: Refinancing on the rise for millennials
Posted Date: Monday, August 19, 2019
Over the last year, a dramatic drop in interest rates on 30-year notes has led to an active refinance market for millennials. Read on to learn more from this report.
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FHA updates guidance on HECM program
Posted Date: Monday, September 30, 2019
Recently, the Federal Housing Administration (FHA) published multiple policy updates to its Home Equity Conversion Mortgage (HECM) program, reviewing changes made last year to appraisal requirements for reverse mortgage. Read on for more details from the FHA.
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Expert witnesses should avoid being labeled a ‘hired gun’-Part II
Posted Date: Wednesday, September 25, 2019
Expert appraisal witnesses who take the stand can be painted many colors by cross-examining attorneys, including being labeled as a "hired gun."
How can such a categorization be avoided? Valuation Review, in Part II of its story, gets more information from CBRE Valuation & Advisory Services’ Executive Vice President Doug Main and Director David Zoraster.
Read on for the conclusion to this feature.
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By comparison, bifurcated appraisals can present problems-Part II
Posted Date: Wednesday, September 25, 2019
Valuation Review concludes its conversation with veteran author and appraiser Richard Hagar.
In Part II of the story, Hagar gives more examples and specifics as to why he believes bifurcated (hybrid) appraisals can put the appraiser in peril.
Read on for the conclusion.
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Cushman & Wakefield expands team
Posted Date: Wednesday, September 25, 2019
Cushman & Wakefield expanded its Puget Sound appraisal team with the addition of three professionals. Read on for more information and find out who the new team members are.
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Appraisal values minimal compared with homeowner estimates
Posted Date: Monday, September 23, 2019
Homeowners across the country have a good idea what their home is worth.
The average home appraisal in August being only 0.64 percent lower than what the owner expected, according to Quicken Loans’ National Home Price Perception Index.
Read on to learn more from the study.
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Ellie Mae: Low rates spur millennial refinancing
Posted Date: Monday, September 23, 2019
Dropping interest rates in July led to an increase in refinance activity for millennials, according to the latest Ellie Mae Millennial Tracker. Read on to learn more from this report.
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Real estate company hires industry veteran
Posted Date: Monday, September 23, 2019
WEST, a Williston Financial Group company, has appointed a long-time industry professional to an executive role. Read on to learn the identity of this individual and what company roles will be addressed by the new hire.
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Litigation, arbitration matters reveal different value opinions-Part II
Posted Date: Wednesday, September 18, 2019
Valuation Review wraps up its story from the 2019 Appraisal Institute conference in Denver regarding problem identification.
Hear more legal issues from the panel of experts, who addressed the conference attendees.
Read Part II for the conclusion.
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Systematic problems with appraisals addressed
Posted Date: Wednesday, September 18, 2019
Valuation Review sat in on a presentation by Reggora Chief Executive Officer Brian Zitin from the 2019 Appraisal Institute conference in Denver.
Zitin offered insight as to how technology and other methods of valuation can be implemented into what he calls the “modern era” of appraising.
Read on to find out what we were told.
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Report: Stable market conditions for third quarter
Posted Date: Wednesday, September 18, 2019
Commercial real estate industry leaders continue to see balanced and stable economic market conditions.
This is according to The Real Estate Roundtable’s 2019 Q3 Sentiment Index.
Read on for more details.
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CoreLogic: Single-family rents slow growth
Posted Date: Wednesday, September 18, 2019
CoreLogic released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas. Data collected for June 2019 shows a national rent increase of 2.9 percent, the first deceleration in annual national rent prices since November 2017. Read on to learn more from CoreLogic.
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