Comparable Sales Photos is About Managing Risk

Description

Product Description

In the appraisal of property for lending purposes, no requirement causes more frustration than comparable sale photos. Certainly, for lenders for which original comp photo is a requirement, there is no issue that gets kicked back for correction more often. It may be that a few bad apples have spoiled the barrel, but regardless the requirements exist

Why is such a simple thing so difficult for appraisers to abide and get right the first time?

In this webinar, we discuss:

• Investor requirements
• Lender-client requirements – as found in Assignment Conditions
• What USPAP has to say on the topic
• What types of issues are avoided by driving of comparable sales and verifying the comp relative to its environment
• Ethics Violations vs Competency Violations where assignment conditions like comp photos are concerned
• We will expose the surprising extent to which a few appraisers will go to avoid compliance

We all know first-hand the frustration that appraisers feel about this topic. We hope that our short webinar will provide clarification for your questions.

This is a pre-recorded webinar available for download.