As a real property appraiser, you rely on appraisal reports to communicate your opinion of value. It’s important to realize that forms are not reports. Filling out the form properly and completely does not always mean your report will be compliant with USPAP. The…
Want to know which resources are popular right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to a variety of online appraisal classes, videos, and tools. Let’s take a look at the most-used resources among our appraisal membership…
Apparently, a misunderstanding has led to shrinkage of the appraisal business—and a clarification might allow it to flourish again. For the past several years, a common complaint has been that the appraisal industry is aging, and that the influx of new appraisers (such as…
Today about 70–80% of all residential appraisals are ordered by appraisal management companies. In the 2015 National Appraiser Survey by the Allterra Group, 55% of appraisers said the majority of their work came from AMCs. With that volume of engagement, working with AMCs is almost…
There’s been a lot of buzz about the “Yellow Book” lately in the appraisal industry. If you are new to the profession, or if you’ve simply never performed a Yellow Book appraisal, you may be curious about what it is and why it’s important.…
This week’s appraisal news starts out with talk of USPAP efficacy for today’s appraisers. The chasm between appraiser and homeowner when it comes to valuation continues to widen. Americans are moving to the suburbs, and the reasons might be somewhat surprising. What’s an appraiser…
While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails. Attorney Peter Christensen, general counsel at the…
You can usually diversify your appraisal portfolio—and increase your income—with an appraisal license upgrade. Certain types of appraisals are more common in some markets than in others, and in some markets, a Certified Residential or Certified General license is a must. John Brenan, director…
At its February 3, 2017, meeting, the Appraisal Standards Board (ASB) of The Appraisal Foundation adopted several proposed changes to the Uniform Standards of Professional Appraisal Practice (USPAP). These changes will be effective January 1, 2018. The ASB revised the definition of Report to…
It goes without saying that there are no simple and easy ways to deal with appraisal pressure, especially when it comes to standing behind your ethics. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP.…
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