‘Rules and Regulations’ Posts
Common Appraisal Errors – Part 1
Having a report that complies with USPAP, state, and client conditions is not simply a client expectation, but an essential component to every appraiser’s practice: appraisers, after all, are the individuals to which the standards directly apply. Consequently, appraisers are directly in the cross-hairs for state sanctions if deficiencies are discovered. … This article was […]
TRID v Customary and Reasonable Fees
This past week, I had the opportunity to discuss TRID with appraisers, lenders, and AMCs when I attended and spoke at the Appraisal Summit and Expo (http://www.appraisalsummit.net). Clearly, there are misunderstandings of this lender disclosure rule. A few basics about the TRID rule (TILA RESPA Integrated Disclosure): The lender must disclose the appraisal fee to […]
Appraisal Issues: Handling Unacceptable Instructions from Your Client
This article was originally printed in the April 2014 edition of Appraisal Today, “Handling “instructions” to not make time (market conditions) adjustments without losing your client” by Joshua Walitt A few months ago, I posted to my blog several sample “instructions” I received from lenders, one of them telling me to remove a […]
Real Estate Commission issues Position Statement CP-44
Click the image to read the text of CP-44, Adopted June 3, 2014… The Colorado Division of Real Estate site is here.
AMC Appraisal Fees and Disclosure- Joshua Walitt
The proposed AMC Rules from the Agencies are out in draft form. Coalitions, industry organizations, and groups of appraisers are examining these and other Rules. There is discussion amongst appraiser groups and other industry participants like never before. It’s a great time to make your voice heard and to hear what others have to say! […]