This is a reprint from the Appraisal Buzz Blog and can be found here. As a part of your expertise in a niche business like the appraisal industry, there are many things you probably don’t need help with. Things like setting fees, choosing comps, pulling…
As the COVID-19 situation continues to unfold, users of appraisal services are continuing to issue updated guidance and information to appraisers. Fannie Mae issued an update to Lender Letter 2020-05 on March 31, 2020. For appraisers, probably the most significant revision to their guidance…
On March 18th, The Appraisal Foundation (the Foundation), the Association of Appraisal Regulatory Officials (AARO) and the Appraisal Subcommittee (ASC) issued a joint message for appraisers and regulators regarding COVID-19. The Foundation has created a page on its website titled “Coronavirus and Appraisers: Your…
On March 16th, 2020, the Department of Veterans Affairs (VA) issued Circular 26-20-7 which includes guidance for appraisers regarding COVID-19. Many government entities have advised that all non-essential businesses should close at this time, in order to avoid spreading the virus. Large numbers of…
Thinking about starting an appraisal business? If you’re already a fully licensed and accredited real estate appraiser, chances are you have already been working with a more experienced appraiser. Perhaps you’re taking over that business because your mentor is retiring; maybe you’re relocating to…
Congrats! You’ve passed the National Uniform Licensing and Certification Exam, and you’re officially qualified to practice as a Licensed Residential or Certified Residential Appraiser. Now that you’ve conquered your real estate appraiser exam, where should you focus your time and energy next? Follow these…
How can you make your real estate appraiser resume as impressive as it can be, if you’re an appraiser looking to be employed by a bank? How about if you’re an aspiring appraiser looking for a company that will hire you as a trainee?…
This article was first published in the Fall 2019 Edition of Appraisal Buzz Magazine. “In the Trenches… Appraiser Stories” is among one of the favorite sections for our readers. Appraisers share their crazy tales ranging from unexpected “guard dog” animals to testifying for murder. These…
Ever since the residential appraisal threshold increase passed in November 2019, luxury homes are becoming a safe haven for appraisers. Not only are these homes typically above the new threshold ($400,000), but they are more complex to appraise, making automation difficult, if not nearly…
So, you’re contemplating a career switch to commercial real estate appraising? What goes into the process and what skills are necessary to make that transition smooth? The following is my attempt (and I use attempt very loosely because there a myriad of things that…
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