Grow your appraisal and real estate career with tips, trends and other insights.
The Consumer Financial Protection Bureau (CFPB) recently posted an article to remind financial institutions that they must have a reconsideration of value process in place, and that the process should be clear and actionable. You can read the full post, “Mortgage Borrowers Can Challenge…
Do you find AMCs to be challenging? If so, you’re not alone. According to NAR Research Group’s 2022 Appraisal Survey, 54% of surveyed appraisers reported that appraisal management companies (AMCs) have been among their biggest challenges in their businesses during the past year. So,…
Perhaps one of the most challenging situations a residential appraiser can encounter in their daily practice is a subject property that has an accessory dwelling unit (ADU). Whether it is called a guesthouse, an in-law’s quarters, a casita, or something else, there are many…
We know there’s tons of content out there pertaining to real estate, lending, and appraisal. As a busy appraisal professional, you may not have time to sift through it all. To help you out, we’ve curated some monthly highlights of appraisal content from around…
Are you interested in learning how to become a luxury real estate appraiser? There are many reasons to consider specializing in this profitable appraisal niche. Not only can you charge higher fees while completing fewer assignments per month, but you’ll also have the opportunity…
As part of our contributor series, Jacob Coleman of RealEstateCareerHQ.com shares his thoughts on how to find a supervisory appraiser. I have joined numerous online appraiser groups and forums in the past few years, and one of the common issues I heard a lot…
If you are considering a career in the appraisal field, you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. The exact answer will vary due to a number of factors, including…
Barndominium properties are typically found in more rural areas. They could be existing barns that were converted into homes or brand-new metal pole buildings that are finished to create a residence. During the appraisal and appraisal report review processes, barndominiums require special consideration, given…
For even the most veteran real estate professionals, managing time can be a struggle. That’s why it’s time to take advantage of a resource that you may be underutilizing: the weekend. Sure, you’re likely taking care of some real estate tasks on the weekend,…
An extraordinary assumption is something that the appraiser assumes to be true but has no way of knowing. An extraordinary assumption involves uncertainty, as it may or may not be true. If the assumption were found to be false, it could affect the appraiser’s…
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