The Washington State Department of Licensing has recently become the first regulatory agency to fine an AMC for removing an appraiser from an appraiser panel without proper notification.
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When you begin a report, think about the intended users, as well as the reviewers who will be viewing the report and step back to see if it contains sufficient information for them.
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What we really have is an ever shrinking pool of appraisers willing to be paid less than the equivalent of minimum wage, while being micromanaged by computers and under-trained employees of poorly run AMCs.
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I have asked three of my current trainees to share their stories and you’ll find them below. But first, here are the nuts and bolts of training employees.
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With any of these common errors, be careful to not simply "go through the motions," but actually type report-specific summaries related to your opinions and conclusions.
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It's important to understand that if you use your personal auto as your business vehicle and don't have the proper commercial coverage, you may have a gap in your insurance.
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ADUs contributed 25% or 34%, on average, to each property’s appraised value. The conclusion is that valuation by income can increase appraiser insight as ADUs become more common.
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Drones allow appraisers to observe and document a property in real-time on the date of inspection and will undoubtedly change the way many properties are viewed going forward.
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