McKissock

Avatar

Fannie and Freddie Release New Hybrid and Desktop Forms for Testing

As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers. The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These …

Read More »

Appraising the Weird Stuff: Observations from a Seasoned Florida Appraiser

I’ve been teaching and writing courses for McKissock for 20 years. During that time, we’ve offered several courses on appraising “oddball” or “complex” properties. If you’ve never taken one of these courses, I strongly recommend that you do. Despite the rise of AVMs in recent years, these types of assignments continue to require competent, boots-on-the-ground residential appraisers. Appraisers are not …

Read More »

Advice for Working with Difficult Clients

Even if the bulk of your appraisals are fairly cut and dried, and require minimal interaction with a human client, any appraiser will occasionally have to work with a difficult client. The assignment might require you to work with a specialty property that is hard to appraise, or with a client who is personally disagreeable, or exceptionally exacting, or who …

Read More »

Is Now a Good Time to Get Into Commercial Appraisal Review?

In a word, yes. Based on recent market data regarding the recovery of commercial real estate following the COVID-19 pandemic, appraisers would do well to add commercial appraisal review assignments to their valuation service offerings. Keep reading to learn why now is a great time to gain or enhance your commercial review skills with our new CE course, Introduction to …

Read More »

5 Excel Resources and How-To Guides for Appraisers

The use of Microsoft Excel is widespread in the appraisal industry. The well-known software program offers tools and capabilities that can make your appraisal process smoother. Are you leveraging the power of Excel in your appraisal business? To help you out, we’ve put together a list of Excel resources and how-to guides geared specifically toward appraisers. Upcoming Webinar: Join us …

Read More »

6 Key Competencies for Appraisal Review Work

As a real estate appraiser, how do you know if you can credibly perform appraisal reviews? USPAP provides the review appraiser with plenty of flexibility, all grounded in ethics and competence. Competence comes with knowledge and experience, but it also requires you to possess certain skills, technology, and abilities. Here are some of the key competencies needed for appraisal review …

Read More »

7 Benefits of Providing Appraisal Review Services

A good appraisal review requires rigorous effort, including obtaining the necessary knowledge, skills, and experience required to review. As a reviewer, sometimes you must untangle conflicting data or rework poor methodology. Review assignments can be extremely complex and exceedingly time consuming. So why would you want to offer appraisal review services as part of your business model? Here are some …

Read More »

Top 3 Most Enjoyable Steps in the Appraisal Process

We already know that career satisfaction is high among real estate appraisers. Most appraisers love (or at least like) their job. But we were curious to learn which individual steps in the process appraisers enjoy the most. So we asked our real estate appraisal community, “What’s your favorite part of the appraisal process?” The top three most popular answers were …

Read More »