Highest and Best Use is sometimes overlooked by appraisers. It is the reasonable, probable, and legal use of vacant land or an improved property. Property, as developed, is considered its Highest and Best Use until the land value is higher without improvements. Here’s a…
Regression analysis can be an incredibly useful analytical tool, but one should not blindly trust the results. “Trust but verify” is a phrase made famous by President Ronald Reagan in 1987 after signing a nuclear weapons treaty with Russian President Gorbachev. In statistical analysis,…
What are the essential tools and equipment to bring along when completing an on-site appraisal inspection? Recently we asked our social media communities on Facebook and Twitter, “What’s ONE thing every property appraiser should always keep in their car?” Of course, the contents of…
Many appraisers report that they’d like to spend less time on email. The task of providing status emails eats up time in the workday and tends to be more complex and time-consuming than typing a quick email reply. Status requests from AMCs typically require…
Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common. However, there are steps you as an appraiser can take…
Are you just starting your real estate appraisal career? Last month we asked our appraisal community, “How did you find your supervisor when you were first starting out?” Thank you to the large number of appraisers who shared their top tips for up-and-coming appraisers!…
There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. What exactly does this mean? The mortgage appraisal forms we use today were designed…
The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in…
On Wednesday, March 23, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “March 2022 Fannie Mae Appraisal Update.” In this special interactive webinar, you’ll hear the latest information on desktop appraisals and the soon to be adopted ANSI square footage standard.…
Did you know? McKissock’s Unlimited Learning Members enjoy 24/7 access to online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources covering a wide range of topics—such as completing the URAR, mastering appraisal math, adopting new technologies, and appraising specific kinds of…
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