Where Are All the Women? A Celebration of Women in Appraisal

Posted by: Joseph Dobrian Date: Mar 8, 2017 7:30:42 AM

Traditionally, the sales/brokerage side of the real estate profession has a reputation for being one of the most woman-friendly career options available in the Western world. The National Association of REALTORS estimates that about 62 percent of REALTORS are female. The appraisal business, however, is mostly male-dominated, with males making up about 75 percent of the profession.

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Topics: women in appraisal

ASB Adopts Changes to USPAP for 2018–19

Posted by: Dan Bradley Date: Mar 6, 2017 2:50:41 PM

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. 

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Topics: USPAP

Appraisal News: Changes, Communication, Cybercrime, and More

Posted by: McKissock Date: Mar 3, 2017 4:34:01 PM

We gathered some of the latest in appraisal news and put it in one place for your reading pleasure. Here’s what’s on tap. An interview with a long-time appraiser offers insights into the profession's future—as well its past. USPAP makes it clear that communicating with appraisers is not only okay but also a must for credible assignments. Be vigilant about email scams, particularly one that is specifically targeting appraisers. And just for fun: a look into Super Bowl champ Tom Brady’s multimillion dollar homes.

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Topics: appraisal news

HUD OIG Issues Appraisal Fraud Alert

Posted by: McKissock Date: Feb 24, 2017 1:29:03 PM

The Office of Inspector General (OIG) of the Department of Housing and Urban Development (HUD) recently issued a Fraud Alert Bulletin regarding appraiser identity theft.


According to the Fraud Alert Bulletin, there have been a number of appraiser identity theft cases recently uncovered by HUD OIG. 

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Topics: HUD, appraisal identity theft

7 Ways to Handle Appraisal Pressure and Still Maintain Your Ethical Reputation

Posted by: McKissock Date: Feb 23, 2017 9:00:00 AM

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. The ethical and performance requirements of USPAP apply only to appraisers, not to clients.

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment.

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Topics: appraisal pressure, ethics

Automated Valuation Models: Increased Use Leaves Plenty of Work for Appraisers

Posted by: Joseph Dobrian Date: Feb 16, 2017 9:59:04 AM

Automated valuation models (AVMs) are services that incorporate data and mathematical modeling to provide real estate property valuations—usually providing a snapshot of a property’s momentary value, using comparables, much like an appraisal. However, appraisers who suspect that AVMs could render human appraisers irrelevant apparently don’t have much to worry about—yet.

On the one hand, an AVM report is that you can get it in a matter of seconds, and it will contain helpful information. On the other, it's never complete, and still leaves plenty of work for the appraiser.

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Topics: automated valuation models

Creative Financing for Home Purchases: What's Available Now?

Posted by: Joseph Dobrian Date: Feb 9, 2017 4:28:47 PM

A real estate agent whose client doesn’t have the best credit—or an appraiser who wants to facilitate the transaction if the appraisal comes in low—can present the prospective home-buyer with various creative ways to finance the purchase. “Creative lending” might include any of several innovative products and services. Unconventional methods such as crowdfunding might also bear consideration.

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Topics: creative financing

A 2017 Housing Bubble? Here’s What Appraisers Advise

Posted by: Joseph Dobrian Date: Jan 26, 2017 8:16:08 PM

Rumors of a 2017 housing bubble that is set to pop may be exaggerated. The housing market has been in a slow recovery since the mortgage-backed securities crisis of 2007 and the severe economic downturn of 2008.

Given the cyclical nature of real estate, it’s reasonable to expect a correction in the next year or two. But the bubble isn’t likely to burst, because there isn’t one.

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Topics: Trends, Residential Appraisal, accurate appraisals, appraisal trends

Appraising Smart Homes: Does 'Smart' Really Matter?

Posted by: Joseph Dobrian Date: Jan 19, 2017 1:59:28 PM

How much will modern smart home technology affect an appraisal, if at all? Nowadays, a homeowner can control just about any home device, remotely, via a smartphone: computers, HVAC, audio/visual equipment, surveillance cameras, ovens and slow cookers, you name it. Will a home that’s set up to handle all those capabilities be valued higher than one that’s still pretty 20th-century in terms of modern conveniences?

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Topics: accurate appraisals, appraisal trends

The Power of Transparency and Communication in Appraisals

Posted by: Joseph Dobrian Date: Jan 10, 2017 9:00:00 AM

Appraisers are usually able to disclose quite a lot about their methods and the information they’ve used—and it’s best to be prepared to share that information promptly, especially if the appraisal is not what was hoped for. Transparency and communication in appraisals is essential.

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Topics: accurate appraisals