Five Suggestions for Honest Appraisals by Doug Quenzer, Quenzer Appraisals, Inc. As we all know, lender pressure can vary but I agree that ultimately it is the appraiser who says yes or no. I’ve been there many times. The real question is how do we get rid of appraisers who always bow to lender pressure?…
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Editor’s Note: Regulator and appraiser Larry Disney shows how USPAP is more flexible than many presume, when it comes to reassigning appraisal reports. Dos and Don’ts: Readdressing, Reassigning and Transferring Reports By Larry Disney Real property appraiser licensees often ask, “Can I readdress, reassign or transfer a real property appraisal report?” The answer is “no,”...…
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Three quarters of the way through the year, some appraisers are still unsure about how to deal with the change in reporting requirements that took effect January 1, 2003 (USPAP 2003). Some appraisers are going back three years on the subject and on the comparables; some on the subject only. What’s required? What’s prudent?
In…
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10 Step Business Tune Up By Doug Smith, IFAS Use this ten step program to reach your business and personal potential. It isn’t about finding new clients as much as is about fine-tuning your current business to maximize your potential and be all you can be. Do a reverse business plan. Knowing what you know...…
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FHA Liability: A Case Study Editor’s Note: When the FHA increased responsibilities for appraisers a few years ago – making their duties more like a home inspector’s, many predicted increased liability exposure for appraisers and a flood of lawsuits. This is one appraiser’s story. As it takes a few years for problems to surface and...…
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How to Reach Your Potential (Using Acrobat) By Pat Butler Adobe Acrobat is a very powerful program, yet most appraisers and inspectors use only a fraction of its capabilities. This story introduces you to several features that I find useful in my appraisal business. Some are advanced and some require additional software. You’ll find the...…
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The walnut paneled courtroom is nearly empty. The case being heard this morning does not warrant the interest of local court observers. This is a condemnation case about a utility easement running across the land of a property owner (plaintiff). Leaning back in their leather chairs sits a panel of three judges, grim faced, disinterested,…
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“EDI” Open Standard Arrives Anyone remember EDI? It was the often discussed “standard” for transmitting appraisal reports electronically that was always in development and right around the corner (for about six years). Without much fanfare, an open standard for describing property and appraisals, using XML markup language, has recently been ratified by the Mortgage Bankers...…
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FNC, Inc. is once again at the center of a firestorm in the appraisal world– this time over a user agreement that appraisers fear signs away their E&O insurance coverage. Appraisers are required to authorize the agreement if they want to continue working with many of the nation’s largest lenders via AppraisalPort. While the agreement…
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Now you see it, now you don’t: that’s what appraisers are saying about data that is disappearing or changing after a report leaves their desktop. Here’s what is happening and why, according to appraisers, vendors and other industry insiders.
A certified appraiser, who wishes to remain anonymous fearing blacklisting, recently contacted her errors and omissions insurance…
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