Real Estate Appraisers

“Low Bid” Appraisal Ordering and Its Effect on Quality

Category :

Real Estate Appraiser Fees, Real Estate Appraiser Independence, Real Estate Appraisers

“Low Bid” Appraisal Ordering and Its Effect on Quality

by Isaac Peck, Associate Editor   Any appraiser who has worked with Appraisal Management Companies (AMCs) is likely familiar with the “order by email-blast” system that some AMCs rely on to fill orders. The process goes like this: an AMC sends an email blast to all appraisers within a… Read More

Estimating External Obsolescence

Category :

Real Estate Appraiser Training - Education, Real Estate Appraisers

Estimating External Obsolescence

by Philip G. Spool, ASA   My previous two articles were about estimating physical depreciation and functional obsolescence. In my article on functional obsolescence, I indicated that it is very complicated to understand and to estimate. I also discussed calculating functional obsolescence in the cost and sales comparison approaches. This article discusses… 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

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

Category :

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

Category :

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