Appraiser Independence Survey Results

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Real Estate Appraiser Independence, Real Estate Appraisers

Appraiser Independence Survey Results

by David Brauner, Editor We hear a lot of appraisers complain that illegal influence continues today despite new federal and state regulations designed to remove it from the process. This survey hopes to shine light on what some of you are experiencing. The results are mixed. Over 1,000 appraisers participated in the survey;… Read More

Real Estate Appraiser E&O Insurance

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Real Estate Appraiser Liability - Insurance, Real Estate Appraisers

Real Estate Appraiser Insurance OREP Insurance Services is a leading provider of Appraisers Errors & Omissions Insurance for real estate appraisers. In addition to the lowest rates and broadest coverage, that is customized for real estate appraisers to fit their individual appraising needs, OREP provides timely information to help appraisers limit their liability and increase… Read More

Appraisers – Ex-Chief Appraiser Sues Stearns Lending

Appraisers, Appraiser News, Appraiser Magazine

A recent lawsuit filed against Stearns Lending and its AMC, Trimavin, by the AMC’s former Chief Appraiser, Katherine A. Scheri, alleges that many of the practices that led to the extensive regulation of the appraisal industry are alive and well at one AMC/lender at least. Read More

Industry News

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Real Estate Appraisers

Industry News Scope Creep Relief Here is Addendum Language shared by appraiser Laurie Richards. MODIFICATIONS TO A SUBMITTED ORIGINAL REPORT: The client or lender must submit in writing (e-mail is preferred) any request for additional information or modification to the appraiser. This information will be retained in the appraiser’s workfile. The appraiser recognizes that… Read More

Readers Respond

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Real Estate Appraisers

Readers Respond Interview: Appraiser Who Brought Down Countrywide Thank you, Mr. Lagow, for having the courage to speak up to help society. Your efforts were NOT in vain. Although mortgage work is tempting and easy at times, these type of situations force us (appraisers) to look at who we are and what is important.… Read More

From the Publisher

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Real Estate Appraisers

Like being in the middle of a paintball free-for-all, messy things are coming at appraisers from all sides these days. In addition to lenders trying to pin buybacks on the backs of appraisers (while seeming to ignore the wild-west underwriting practices that floated the bubble), State Boards also are bringing complaints against appraisers in… Read More

How to Report Building Areas Accurately

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Premium Content, Real Estate Appraiser Training - Education, Real Estate Appraisers

Editor’s Note: At OREP, we see that incorrect measurements are the cause of many E&O claims. Here are some tips on staying out of trouble. How to Report Building Areas Accurately (and avoid measurement mistakes) by Mark S. Langhamer As appraisers and review appraisers, some of us have seen fellow appraisers relying on building area...… Read More

New Opportunity to Go Green

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Didn't Make It to Print, Real Estate Appraiser Marketing, Real Estate Appraisers

Alternately, you can envision this hard time as an opportunity to position yourself with a slightly modified appraisal practice in the near future. Read More

Proving Appraisal Adjustments

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Didn't Make It to Print, Real Estate Appraiser Training - Education, Real Estate Appraisers

Proving Appraisal Adjustments By Beverly A Bayer, SRA – Mvappraiser@yahoo.com When I began appraising, I asked my mentor what adjustments to use- he said, “Figure it out for yourself.” So I did. Here’s what I learned. When my mentor left the office, I studied his appraisals and began using his adjustments. Many years later, I… Read More

Cost Segregation Studies – Background

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Didn't Make It to Print, Real Estate Appraiser Marketing, Real Estate Appraiser Training - Education, Real Estate Appraisers

Events Leading to the Use of the Cost Segregation Study by Guy P. Reese, MAI and Kevin Cavasos, CMI Component depreciation in various forms was permitted by IRS for measuring depreciation until the establishment of the Modified Accelerated Cost Recovery System (MACRS) by the Tax Reform Act of 1986. Under MACRS, assets are grouped into… Read More