LinkedIn Profiles for Appraisers: What You Need to Know

Posted by: McKissock Date: Oct 27, 2016 8:00:00 AM

Social media has become more than just a way to communicate with your friends and family. In fact, 67 percent of adults now use social networking sites—a nearly tenfold jump over the past decade. For the savvy appraiser, the use of social media can help you grow and scale your business and career. From promoting your services to buyers and sellers on Facebook to growing your professional network with your LinkedIn profile, social media is essential.

Unlike other social media platforms—such as Twitter, Facebook, or Instagram—LinkedIn is more business-focused and allows professionals to connect in a more professional setting. Your LinkedIn profile serves as your online resume and offers a snapshot of your background, your professional recommendations, and more. LinkedIn is a management tool for your career.

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Topics: Professional Development, Tips & Tricks

Managing Appraiser Liability: How to Protect Yourself

Posted by: Robert Grafe Date: May 19, 2016 11:00:00 AM

When it comes to managing appraiser liability, first things first. What is "legal liability," "errors and omissions," and "torts"? According to Black’s Law Dictionary, legal liability is: “Lawful accountability and obligations required due to civil actions or torts, or a contract’s terms. Only a court decision can set this obligation, even if by mutual agreement a settlement occurs out of court. Only the liability arising from torts is covered by liability insurance.”

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Topics: Professional Development

The Unique Aspects of Land and Site Appraisals

Posted by: Robert Grafe Date: May 5, 2016 10:00:00 AM

Most real estate appraisal assignments will require you to fully understand, describe, and discuss the property’s land/site unique characteristics. In order to develop the land/site appraisal competency level expected by clients and required by USPAP, you should initially be assisted and/or supervised by experienced appraisers with land/site appraisal expertise and complete land/site appraisal coursework. Whether you are a new or experienced professional appraiser, the following article will assist you by introducing some of today’s unique aspects of land and site appraisals.

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Topics: Professional Development

You Are Not Alone as an Appraisal Business Owner

Posted by: Dustin Harris Date: Mar 29, 2016 12:00:00 PM

At least once in your career, you have probably thought, “Gee, it would sure be nice to have some employees so I didn’t have to do everything by myself.” Chances are, you know the importance of having a great team, but for some reason you have resisted hiring. Or perhaps you did hire help at one point, but it turned sour. How do you find, train, and manage a great team that will help you work smarter and see greater success as an appraisal business owner? Keep reading to learn more. Plus, join me on Wednesday, April 6 at 1:00pm EST for a 1-hour Pro-Series webinar: You are Not Alone: How to Hire, Train & Manage Appraiser Assistants.

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Topics: Professional Development

9 Top Questions Regarding Sales Contracts and Appraisals

Posted by: McKissock Date: Mar 24, 2016 9:00:00 AM

Even if you have been in the business a long time, situations pop up during appraisals that may leave you scratching your head in confusion. We connected with McKissock instructor, Dan Bradley, to get answers to some of the most common questions regarding sales contracts and appraisals.

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Topics: Professional Development

Fannie Mae Releases Updated FAQ Document

Posted by: Dan Bradley Date: Mar 10, 2016 10:30:00 AM

Fannie Mae has released an updated FAQ document on property eligibility and appraisal policies. One caveat: Most of the 46 FAQs in the document are not really “new”; they were included in previous FAQ documents. Of course, for appraisers who were not aware that these previous FAQ documents existed, all of the information will be new.

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Topics: Professional Development

Frequently Asked Questions about FHA Appraisals

Posted by: Alexis Petersen Date: Sep 24, 2015 11:17:00 AM

In January HUD published the new Single Family Housing Policy Handbook. Also known as Handbook 4000.1, it became effective September 14, 2015. If you’re still looking to fine-tune your skills regarding the new FHA Handbook, check out our webinars, onsite courses and online courses.

We gathered several frequently asked questions regarding the new handbook, some of which are outlined below. You can access more frequently asked questions about the new FHA Handbook in our New FHA Handbook 4000.1 course.  

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Topics: Professional Development

Identifying Mortgage Fraud Schemes Before They Hatch

Posted by: Alexis Petersen Date: Aug 10, 2015 1:49:17 PM

Would you know if you were being conned by home sellers or even their creditors?According to the FBI, the majority of mortgage fraud schemes involve one or more of the parties involved in a real estate transaction. That means that typically when there is mortgage fraud there is an industry professional in cahoots.

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Topics: Professional Development

5 Ways to Grow Your Appraisal Business as an Expert Witness Appraiser

Posted by: Alexis Petersen Date: Jul 15, 2015 2:03:00 PM

The appraisal business, like most service businesses that revolve around the real estate industry, ebbs and flows with the market. Sometimes you have to think outside the box to find new ways in which your skills and expertise can grow and diversify your business. And, with appraisal management companies continuing to pinch the fees they pay appraisers, some of the country’s most experienced appraisers are doing just that.

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Topics: Professional Development

FHA posts new FAQs, but none for appraisers

Posted by: Alexis Petersen Date: Jun 18, 2015 11:04:26 AM

On June 17, 2015, FHA issued an email announcing updated FAQs available on its website regarding the new HUD Handbook 4000.1 (Single Family Housing Policy Handbook). These FAQs can be accessed on HUD’s Single Family Housing Policy Handbook (Handbook 4000.1) Information Page.

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Topics: Professional Development