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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Instead of only providing feedback when something is missing, provide some feedback for an appraiser who has gone out of their way to do work that exceeds expectations.
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