Access appraisal tips, trends and other information to grow your career.
In an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results. If a hypothetical condition is not properly…
If you are considering a career in real estate appraisal, you’re probably curious about appraiser salary and income potential. According to the Bureau of Labor Statistics, the median annual wage for all appraisal license levels was $54,010 in May 2017—$16,320 more than the median…
Did you know that appraisers who stay up-to-date on the latest industry news, trends, and best practices earn more money? Luckily, there are plenty of excellent blogs where you can find relevant info, tips, and trends related to the appraisal profession. Here are nine…
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…
Desktop appraisal software, and related products and services, continue to gain sophistication, integration, and comprehensiveness. While desktop appraisals will never entirely supplant appraisals that include a personal visit to the property, they have in many cases made that type of appraisal unnecessary. Indeed, appraisers…
As an appraiser, you’re not always dealing with straightforward, cookie-cutter houses. Many properties have certain features that make your job a little (or a lot) harder than usual. We recently asked our appraisal community, “What specific home feature is the MOST challenging to appraise,…
Green home features such as solar panels are becoming more and more prevalent in the market. For a variety of reasons (e.g., lack of comparable sales), green homes and their features can be particularly challenging for appraisers. To help you out, we’ve put together…
The presence of an additional living unit may complicate the appraisal process by making it difficult to know how to classify the subject property. How do you know whether you’re dealing with an accessory dwelling unit (ADU) or a second unit? Use the following…
Curious about which resources are popular among your fellow real estate appraisers? McKissock’s Unlimited Learning Members get full access to a variety of online appraisal classes, videos, checklists, webinars, and other learning tools. Here’s a breakdown of the most-used resources among our appraisal membership…
As an appraiser, much of your success relies on your reputation as a competent professional. Unfortunately, certain appraisal violations are quite common—including errors in appraisal reports. Make sure you’re aware of these mistakes so that you can avoid them. Here’s a compilation of the…
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