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This may be the time to express your concerns to your Representatives in Congress about bifurcated appraisals, Fannie Mae Waivers and other moves to dilute and replace appraiser oversight.
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In many cases the property data collector is a licensed appraiser. We are testing other labor pools to see how accurately they collect property data.
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Since 1994, an appraisal is required for any federally-related residential real estate transaction at or above the de minimus threshold of $250,000. Now, 25 years later, the de minimus has finally been raised to $400,000.
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Appraisers should not enable their readers to labor under the mistaken assumption that a hybrid assignment, where the appraiser doesn't consider certain elements, is of the same value as a conventional 1004.
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“One of the best courses that I have had in 17 years!” -Amy H. Supporting Your Adjustments CE (7 Hrs.) Education designed to help you appraise worry-free and earn higher fees. Street Art Is Real Estate: What Appraisers Need to Know by Michele Wood, Valbridge Property Advisors Art is real estate—what? Yes indeed—read on.…
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