Many people do not understand the appraiser’s role in the homebuying and lending process, nor what a home appraisal entails. Common myths about appraisals, as well as a general lack of knowledge, could lead to friction between you and your appraisal clients. In order…
Top earners in the real estate appraisal profession are those who consistently bring in new clients. If you’re looking to earn more referrals and repeat business, a great place to start is by fostering good relationships with your appraisal customers. To help you out,…
There’s no simple and easy way to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. In…
A student contacted me with the following dilemma concerning an Appraisal Management Company (AMC) request: “I told the Management Company that I cannot mark the Zoning Compliance as ‘Legal’ if the report is marked “as-is,” because this would not be true for the current…
What types of clients do property appraisers serve? Do most of their assignments come from lenders vs. non-lenders? To help answer these questions, we recently asked our real estate appraisal community, “What type of appraisal client makes up the majority of your client base?”…
A real estate agent whose client doesn’t have the best credit—or an appraiser who wants to facilitate the transaction if the appraisal comes in low—can present the prospective home-buyer with various creative ways to finance the purchase. “Creative lending” might include any of several…
It goes without saying that there’s no simple, easy way to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers,…
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