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ANSI requirements not an ‘April Fool’s’ matter
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On April 1, Fannie Mae’s requirement took effect regarding appraisers using the Square Footage-Method for Calculating: ANSI Z765-2021 (American National Standards Institute) for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections.
Valuation Review shares more details and some FAQs addressed by Fannie Mae ahead of the effective date.
Read on to learn more.
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