Does your subject property really front on the water? You might remember a case that made national news some time back involving a six-foot-high pink stockade fence erected between several houses and a small lake (actually just a large retention pond). Purchasers of the…
In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to…
Streamlining your appraisal workflow to save time and improve efficiency can help you boost productivity and increase your earnings. A great way to do this is by hiring an assistant to handle specific tasks, and utilizing time-saving strategies to refine your own workflow. Whether…
Previously, we asked our real estate appraisal community, “What’s your favorite part of the appraisal process?” The top three answers we received were “Data collection and property description,” “Data analysis,” and “Application of the approaches to value.” This time, we asked appraisers, “What part…
As a real estate appraiser, there are numerous data types and sources available that you could use to solve a specific appraisal problem. In order to reasonably believe that a source is reliable, it is recommended that you assess the dependability of a data…
As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. So, how can you prevent these undesirable consequences? Here are several do’s…
Organization is key to maximizing efficiency and productivity in any industry. Real estate appraisers, in particular, are always on the lookout for ways to save time and increase the number of orders they complete each month. Here are five appraisal management software platforms that…
The JURISDICTIONAL EXCEPTION RULE is intended as a “saving clause” which preserves the balance of USPAP if a specific law or regulation precludes compliance with a part or parts of USPAP. In an appraisal assignment, if a law precludes you from complying with one…
Property appraisals can be complex and challenging, to say the least. We recently asked five experienced appraisers to tell us about the most challenging appraisal assignments they’ve ever tackled. These professionals agree that difficult appraisal assignments are almost always worth taking since they broaden…
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