New USPAP Q&A on Subject Property Data and Confidentiality

  • By dave
  • 5 December, 2013
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The Appraisal Standards Board (ASB) has issued a new USPAP Q&A on the Appraisal Foundation website: 2013-08: ETHICS RULE – Confidentiality – “Subject Property Data and Confidentiality” Questions? Please contact Emily Mann, Standards Administrator, at Continue Reading →

High-performing Homes: New Source on Local Incremental Cost Data

  • By dave
  • 23 October, 2013
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Summary: Lack of time, information, and resource has made it difficult for appraisers to factor green building into their valuations. Now, the Northwest Energy Efficiency Alliance has released a means for appraisers to gather incremental green cost data locally. The National Association of Appraisers calls NEEA’s Cost Data Addendum as “a significant step forward in [...] Continue Reading →

Appraisal Foundation White Paper on Alternative Valuation Products

The Appraisal Foundation has drafted a white paper on Alternative Valuation Products and the Uniform Standards of Professional Appraisal Practice (USPAP). The white paper is intended to provide information to assist appraisers, users of appraisal services, and others, with a greater understanding of Alternative Valuation Products and their use in the marketplace. The paper also [...] Continue Reading →

Appraisal Practices Board Valuation Advisories on Comparable Properties

The Appraisal Foundation announced that the Appraisal Practices Board (APB) has adopted the following Valuation Advisories: APB Valuation Advisory #4: Identifying Comparable Properties APB Valuation Advisory #5: Identifying Comparable Properties in Automated Valuation Models for Mass Appraisal The APB is an independent Board of The Appraisal Foundation, which is responsible for developing voluntary guidance on [...] Continue Reading →

Appraisal Standards Board Meeting, October 18, 2013

The next public meeting of the Appraisal Standards Board will be held on Friday, October 18, 2013 from 9:00am to 12:00pm in Washington, DC. Location: Doubletree by Hilton 1515 Rhode Island Avenue, NW Washington, DC 20005 On July 19, 2013 the Appraisal Standards Board (ASB) held a public hearing on the future direction of the [...] Continue Reading →

The Right Way to Work with Appraisers

Kudos to Florida REALTOR® magazine for its substantive look at how to deal with appraisal issues that come up during a sale. The article quotes National Association of REALTORS® Real Estate Valuation Committee member Francois “Frank” Gregoire. Gregoire told Florida REALTOR®’s Richard Westlund that salespeople can be a valued source of information. “As soon as [...] Continue Reading →

APB Issues Exposure Draft – Valuation of Green Buildings

The Appraisal Practices Board (APB) has issued the following exposure draft: First Exposure Draft – Valuation of Green Buildings: Background and Core Competency Issued on July 15, 2013 Written comments requested by September 20, 2013 Send comments to: Continue Reading →

Appraisal Foundation Seeks Candidates for Vacancies on the Appraiser Qualifications Board and the Appraisal Standards Board

DEADLINE APPROACHING: August 1, 2013 FOR IMMEDIATE RELEASE July 11, 2013 Contact: Paula Douglas Seidel Executive Administrator The Appraisal Foundation direct phone 202.624.3048 Washington, DC– The Appraisal Foundation has begun its annual search for qualified candidates to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). There are three vacancies [...] Continue Reading →

Valuing Energy Efficiency in Appraisal and Underwriting

In March, a joint study by the University of North Carolina at Chapel Hill Center for Community Capital and the Institute for Market Transformation (IMT) found that owners of ENERGY STAR-rated homes are one-third less likely to default on a mortgage than the average borrower.  Home Energy Efficiency and Mortgage Risks used a sample of [...] Continue Reading →

10 Tips for Brokers to Help the Appraisal Process

Don’t restrict the appraiser from making an appointment to inspect the property (if your MLS uses an appointment system, use it. You will be notified of the appraiser’s site inspection). If an appraiser calls, be responsive and provide as much information as needed. Return the call promptly even if your listing has closed. (Brokers are [...] Continue Reading →