The GSEs (aka Fannie and Freddie) recently announced that the addendum to the Appraisal Report known as Market Conditions Addendum Form 71, also known as the MC 1004, no longer needs to be included.
Many articles have been written on the aging of the real estate appraisers and the potential lack of residential and commercial appraisers in the near future. Within the past 18 months, both the Appraisal Institute (AI) and the National Association of Realtors (NAR) prepared research papers
In order to provide transparency and encourage a broad input of ideas the Appraisal Standards Board (ASB) makes no changes to the Uniform Standards of Professional Appraisal Practice (USPAP) without first exposing proposed changes to the public and requesting comments.
Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights”. The Bundle of Rights is in effect the exclusive right, use and disposition of the property that belong to the property owner.
The Appraisal Institute recently held its 2018 Appraisal Institute Annual Conference at the Downtown JW Marriott Nashville on Monday July 30, through Wednesday, August 1. The meeting featured world-renowned keynote speakers, nearly 30 breakout sessions
Markets are persistently positive, with moderate volatility in securities and capital markets registering earnings reports, transactions and bankruptcies, tweets and trade news. August nonfarm payrolls increased by 201,000 jobs, nicely rebounding from 147,000 in July.
A lot has been written about disruptive technology. At its simplest definition, disruptive technology is a completely new approach to a problem or business, typically only available because of a growing digital culture.
I wrote two articles, Column A and Column B, for today’s NEREJ. I tossed Column A. Here is Column B: The state’s 190th legislative session was not kind to the real estate appraisal profession. Mandatory licensing, which is commonplace
When we peel back the veneer and see how industrial buildings tick, we find that the same factors that made them more or less valuable in 1996 still apply today. Pick a building up, move it five miles down the highway, and you may find that it has gone up or down in value by 20%.
Reporting is at the heart of what appraisers do. Whatever was done, good or bad, to reach the conclusion gets communicated mostly through written appraisal reports. Here are some things to know about proposed 2020 USPAP changes currently being exposed.