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Fact Witness vs. Expert Witness: What’s the Difference?

When a real estate appraiser is called to testify in a court, it could be as one of two types of witnesses. If you are called to testify as an appraiser, it’s important to determine at the time of the request which of the two types you will be: fact witness or expert witness. One has lower liability and responsibility, …

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3 New Types of Sustainable Insulation

Sustainable insulation materials include things that are rapidly renewable and non-toxic. Have you ever worked with fiberglass insulation? It can get up your nose and cause your hands and any exposed areas to itch. It can get into your lungs and cause complications. Sustainable insulation is made from natural products such as wool, cotton, and soy-based foam insulation. Below, we …

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6 Special Purpose Property Tips for Commercial Appraisal Reviewers

As a commercial appraisal reviewer, before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. This is especially true where there is a business component to be considered, as would be the case with senior living, hotel valuation, or hospitals. Business components in special …

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The Most Challenging Part of the Appraisal Process

Previously, we asked our real estate appraisal community, “What’s your favorite part of the appraisal process?” The top three answers we received were “Data collection and property description,” “Data analysis,” and “Application of the approaches to value.” This time, we asked appraisers, “What part of the appraisal process do you find the most challenging?” Interestingly, “Data analysis” came out on …

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FREE Webinar: Fannie Mae Q3 2020 Appraisal Update

On Wednesday, September 23, 2020, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q3 2020 Appraisal Update.” In this special interactive webinar, knowledgeable presenters from Fannie Mae’s Collateral Policy Team will share the latest policy updates impacting appraisers, share insights about appraisal quality and how it is measured by Collateral Underwriter® (CU), and dispel some …

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How to Handle the Weird Stuff: Appraisal Methods from an Experienced Florida Appraiser

In the past two blog posts in this series, I discussed the pros and cons of complex appraisal assignments and why today’s residential appraiser may want to consider specializing in “odd” or “atypical” assignments. In this post, I’ll give a few more examples of complex properties, and then I’ll talk about how to tackle them using nonstandard appraisal methods and …

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4 Retirement Resources for Appraisers (Free for Members)

Here at McKissock, our Unlimited Learning Members enjoy 24/7 access to a wide array of online resources for real estate appraisers. These resources cover a huge variety of topics, from home construction to USPAP compliance to retirement planning, and much more. If you’re beginning to prepare for retirement (it’s never too soon!), here are four excellent retirement resources available right …

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How to Get on the FHA Appraiser Roster

In order to do appraisals for FHA loans (including reverse mortgages and REO properties), you must be listed on the FHA appraiser roster. Below, we’ve provided answers to several common questions regarding how to get on the FHA roster. Whether you’re a new applicant or a former FHA roster appraiser, we hope you find the following information helpful. What are …

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