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Client versus Intended User

A student in my USPAP Update class recently asked me, “I know I can discuss the report with the client, but I’ve talked about the report with other intended users, too. Isn’t that why they are an ‘intended user’?” Let’s take a look at this issue in a bit more depth, starting with the definitions of “client” and “intended user” …

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CompStak Enters Affinity Agreement With Appraisal Institute to Provide Industry-Leading CRE Comparable Data to AI Professionals

    Chicago, Illinois, May 6, 2020 — CompStak, the leading provider of commercial real estate comparable data and analysis, has joined with the Appraisal Institute (AI), the nation’s largest professional association of real estate appraisers, to provide AI members and affiliates (“AI Professionals”) with benefits and discounts across its proprietary data platforms. Appraisal Institute Professionals who rely on commercial …

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COVID-19 Novel Coronavirus

Walitt Solutions encourages appraisers, firms, vendor management companies, lenders, and other interested parties to continue to monitor changes and resources in the valuation industry related to the COVID-19 novel Coronavirus and impacts of the national emergency. Below are resources: Health Resources World Health Organization See WHO’s “Advice For Public” webpage. Centers For Disease Control and Prevention See CDC’s “Coronavirus COVID-19” …

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Clearbox Partners with ValueLink to Integrate its Suite of Vendor Management Tools

Ocean City, MD. — Clearbox®, LLC announced today a new integration of its suite of vendor panel management solutions with ValueLink Software (ValueLink), a leading provider of web-based valuation management technology. Through this partnership, lenders and appraisal management companies (AMCs) using the ValueLink platform, gain access to data on more than 15,000 appraisers registered with Clearbox, to effectively recruit, vet, …

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Accurity Valuation Appoints Mark Verrett as Chief Innovation Officer

CHICAGO, IL –Accurity Valuation, one of the largest appraisal firms in the nation, is pleased to announce Mark Verret SRA, ASA, IFA as the company’s Chief Innovation Officer. Verrett’s leadership will focus on the development and expansion of technology and processes to modernize the firm’s appraisal process. “We are very excited for Mark to lead our firm in the innovation space,” …

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Market Machine

The Market Machine is an excel-based stand-alone tool for real estate appraisers and other valuers, for use on PCs (not for Mac). Market Machine uses the data that you export from your MLS or other data source. It requires 2010 or 2013 (or newer) 32-bit version of MS Office Excel. Once you buy it, you have it for your use, …

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The Appraiser’s Workfile – Part II

In Part 1, I explored the question “What should be in the appraiser’s workfile?” The take-away is that no two workfiles will look alike; rather, the minimum standard emphasizes retaining data and information that supports the appraiser’s analyses, conclusions, and opinions. Another common question from appraisers, clients, lenders, and appraisal management companies is “What do we really mean by ‘workfile’?” …

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The Appraiser’s Workfile

Two common questions that come up when I’m coaching appraisers, training an appraisal department at a lender or management company, or teaching a USPAP course is “What should be in the appraiser’s workfile?” and “What do we really mean by ‘workfile’?” I’ll explore the first question here, and the second question in Part 2. At a conference of state appraiser …

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