‘Rules and Regulations’ Posts

 

Can I solicit a listing during my appraisal?

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I was recently part of a discussion where an appraiser asked the group: I am an appraiser as well as a real estate sales agent. After I complete inspecting a property for an appraisal assignment and before leaving the property, can I then solicit the owner about the prospect of being his listing agent or […]

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Appraiser Participation: Voicing Change…

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In March of this year, I spoke at the Valuation Expo in Orlando. The general topic of my presentation centered on professionalism within the appraisal industry and how individuals can take steps to stand out and rise above the difficulties we see. As a fee appraiser for many years and having recently moved into a […]

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Common Appraisal Errors – Part 1

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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 […]

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TRID v Customary and Reasonable Fees

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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 […]

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Appraisal Issues: Handling Unacceptable Instructions from Your Client

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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 […]

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