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Editor’s Note: Currently appraisal waivers make up approximately 46% of all valuations for GSE mortgage transactions. Massive Expansion of Appraisal Waivers by Isaac Peck, Editor The expansion of Fannie Mae and Freddie Mac’s (the GSEs) appraisal waiver programs, to replace traditional appraisals, has been anything but modest. Here’s how it effects the lending landscape.…
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Editor’s Note: Ever wonder about the legal precedents that underlie modern day disclosure and due diligence practices of real estate agents/brokers? Read on to learn more about a landmark litigation case that changed the agent/broker liability landscape. Agent Disclosures and “Reasonable Diligence” – Lawsuit that Started it All by Isaac Peck, Editor If you’ve…
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>> RE Agent/Broker Professional Liability- E&O Insurance >> Real Estate Agent and Broker News Editor’s Note: This story is from the latest print edition of Working RE. Don’t miss the next issue! (Am I a Working RE Subscriber?) AVMs to Finally Replace Appraisers? By Isaac Peck, Editor Since the 1990s, there have been those…
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>> See Past News Editions >> Click to Print >> RE Agent / Broker E&O Insurance >> Am I a Working RE Subscriber? Three Dangerous Ways to Choose Comps by Ryan Lundquist It’s easy for an appraiser to get into value trouble when choosing comps and today I want to highlight three ways to do that.…
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Whether you have just landed a high-end listing, or want to persuade a seller that you know how to sell their luxury home, here’s what you need to know.
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Many agents and brokers argue that lack of appraiser geographic competency can cause otherwise good real estate deals to fall through. To address this problem in Louisiana, Realtors and appraisers have worked together to pass legislation requiring AMCs and lenders to pay a Customary and Reasonable fee to appraisers. These new regulations are expected to…
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Veteran agents/brokers weigh in on an ongoing debate: should real estate agents attend the home inspection? The answers vary. Some real estate professionals believe that the home inspector should be alone, while others argue for various combinations of the buyer, the buyer’s agent, the seller, and the seller’s agent.
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