How to Make Six Figures Appraising by David Brauner, Editor What began as a “pep talk” for trainees turns out to be pretty good advice for every appraiser. Walt Humphrey, IFAC, was reading the online laments of several trainees struggling to make ends meet while earning their appraising stripes- working a second job on weekends,...…
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2006 Your Way by John Holbrook About seven years ago I remember walking into my local one-hour photo shop and telling the owner Steve that I wouldn’t be dropping in anymore. I was so proud of my new $700 digital camera that I just had to share it with him. I remember him chuckling about...…
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Reduce Headaches: Customer Satisfaction Survey by Nick Gromicko, Founder of NACHI NACHI’s Customer Satisfaction Survey hits seven birds with one stone. 1. It limits your liability. Often, a client who is dissatisfied will describe your services to his/her agent/Realtor (or worse, a judge) much differently than the truth. Procuring and maintaining a copy of this survey will bring them back...…
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Interview with David Braun MAI, SRA author of Appraising in the New Millennium: Due Diligence and Scope of Work- Second Edition Editor’s Note: If you’re like Leory Eide or Red Blumenstock or one of the over 13,000 other appraisers who enjoyed a free download of Appraising in the New Millennium: Due Diligence and Scope of...…
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Collection Strategies (That Work) By David Brauner, Editor Appraiser and office manager Nikki Moffatt, like most of us, gets pretty tired of chasing deadbeat clients. Here are a few tips she has developed out of necessity and frustration. If a check bounces you can take it back to originating bank and if there are funds,…
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Editor’s Note: In a recent Q&A, Fannie Mae’s Mark Simpson, Director Property Standards, Single-Family Credit, makes clear that the word “inspection” on the new forms is Fannie’s clear intent and will not be changed- despite concerns that it can mislead homeowners into thinking they are getting a home inspection rather than an appraisal, and rumblings…
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Editor’s Note: At a recent conference, Fannie Mae’s Mark Simpson, Director Property Standards, Single-Family Credit, shared how insurance industry changes offer appraisers a new opportunity to provide lenders with an additional service: replacement cost data. The data is used to determine an appropriate level of hazard insurance for Fannie loans. Fannie requires hazard insurance that…
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Editor’s Note: This is the most recent in a series of stories examining the trainee dilemma and how to repair a system in which mentors can’t afford to take on trainees and trainees can’t find a mentor willing to hire. Steve Massenberg, appraising 17 years, offers a short list of “dos and don’ts” based on…
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Best of Show – Taking Appraisal Industry Pulse by David Brauner, Editor WRE Here is the best of show from the Valuation conference in Las Vegas and the latest on the issues that affect your business most– new forms from Fannie Mae, AVMs, 2006 USPAP, Scope of Work, identity theft, fraud, the future, negativity and…
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Editor’s Note: The following is reaction to our story: Fannie offers Cert #23 “Fix” & More. Appraisers Respond: Cert #23 Big Bad Fannie If you play Family Feud and one of your partners gives a stupid answer to a question, most everyone on your panel knows its stupid but they applaud, scream, and cheer anyway. If…
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