Sunday , 29 November 2020

Norman Spencer


4 Things To Keep In Mind When Appraising New Construction

New construction can be difficult to appraise, especially when the home hasn’t been built yet. It can be made more difficult with your client asking tough questions about your recent appraisal on the subject. How do you problem solve when it feels like there is literally nothing to work with?  1. House? What House? No house to be seen on …

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Tech Software is Changing the Appraiser Profession

As we all know, the whole appraisal industry has been changing with technology (whether we like to or not). Now more than ever, the increase in technology has a huge impact on the future of appraisers. With a proposal pending approval and new ways to appraise rapidly growing, the entire profession could be at risk.  A Proposal Approved Back in …

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How Natural Disasters Affect the Appraisal Industry

There seems to be an uprise in natural disasters in recent years, from hurricanes to flooding, tornadoes, wildfires and earthquakes. Damage is guaranteed to follow these events, bringing catastrophe to people and their homes. When a home hit by a disaster needs to be appraised, you must have the proper knowledge to complete it. A disaster appraisal is far different …

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Should I Work with AMCs or Ride Solo?

On your journey to becoming the most successful appraiser you can be, you’ve probably asked yourself at least once, “should I work with an AMC?” AMCs (Appraisal Management Companies) aren’t everyone’s favorite, but they can be helpful to your success. It’s all about doing your research and finding what works best for you personally.  Working with AMCs In order to …

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Common Appraisal Violations & How to Avoid Them

Everybody makes mistakes. Sometimes it’s hard to catch yourself in the act, so we’re here to remind you of common violations that occur in the appraisal world, and tips on how to avoid them. A mistake here and there is understandable, but continuing to make them will end up hurting your reputation and thus your business. Common Violations Failure to: …

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Tips for Protecting Your Appraisal Business

There are many risks in running a business, so it’s better to be safe than sorry. Anything could happen. Take for example, what happened at CoesterVMS. An appraiser at the company had his private email hacked by his own boss, Brian Coester himself. To avoid situations like this and more, we’ve put together some helpful tips for you to follow …

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We Watched the Committee Hearing about Appraisals, So You Don’t Have To

On June 20, 2019, Congress held a hearing under the U.S. House Committee on Financial Services called “What’s Your Home Worth? A Review of the Appraisal Industry.” The hearing was supposed to discuss solutions on topics such as: De Minimis Threshold for FRTs, appraiser independence, disparities in home values in minority communities, the role of technology in appraisals, and more” …

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