Real estate appraisal comments examples
[DOC File]RE 25-17 RW Appraisal Report
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The appraisal will be given to the property owner during the negotiation process in compliance with Ohio law and it may be used as evidence in an appropriation case. 14. Summarize the Identity of the Real Estate Involved in the Appraisal (Explanation - Comply with SR 2-2(a) (iii) of USPAP) 15. State the Real Property Interest Being Appraised
[DOC File]Comments…
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USPAP Comments. Intended Use: The intended use of this analysis and report is to assist the client with mortgage decisions. ... Square Footage: Currently, no uniform standard exists for measuring residential properties in the real estate appraisal profession. In addition, the Colorado Real Estate Commission has determined that there are ...
[DOCX File]Working RE Magazine
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David Brauner is Publisher of Working RE magazine and Senior Broker at OREP.org, a leading provider of E&O Insurance for appraisers, inspectors and other real estate professionals in 49 states. He has covered the appraisal profession for over 20 years. He can be contacted at dbrauner@orep.org or (888) 347-5273. Calif. Insurance Lic. #0C89873.
[DOC File]ProEducate
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Real estate broker. Accountant. Economist. Mortgage lender. E. An appraisal takes into account the many factors that influence a property’s value. II. Qualifications of an Appraiser. A. The real estate appraiser’s primary qualifications are education and experience.
[DOC File]APPENDIX A - HUD
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The guidance provided in Appendix D, Appraisal Protocol, to Handbook 4150.2, applies equally to REO properties, unless otherwise indicated in the guidance presented in this appendix. REO properties are to be appraised "as-is". The Dictionary of Real Estate Appraisal, Fourth Edition, Appraisal Institute defines an "as-is" value as follows:
[DOC File]APPENDIX D: VALUATION PROTOCOL
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In selecting comparables, use the bracketing method. Bracketing, as defined in The Dictionary of Real Estate Appraisal, Fourth Edition, Appraisal Institute, is “a process in which the an appraiser determines a probable range of values for a property by applying qualitative techniques of comparative analysis to a group of comparable sales.
[DOC File]Competency Examples with Performance Statements
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Visualizes potential problems and solutions without needing tangible, “real-life” examples. Can discuss and project the aspects and impacts of issues and decisions. Customer Focus. Definition. Builds and maintains customer satisfaction with the products and services offered by the organization.
REAL PROPERTY APPRAISAL REPORT
CDOT Appraisal Format – Excess Parcel. Important notes regarding the use of this Excess Parcel Appraisal format: CDOT appraiser staff and contract appraisers must use this format when appraising CDOT-owned excess or remainder real property Do not use this Excess Parcel appraisal format for partial take appraisal assignments where there is a remainder (residue) parcel.
[DOC File]Illinois REALTORS
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However, not all powers-of-attorney authorize the sale of real estate. A copy of a recordable Power-of-Attorney authorizing the sale of real estate must be secured for the files of SSS, REALTORS®. Illinois law requires a Power-of-Attorney for the sale of real estate to be recorded. 10.
[DOC File]Basic Appraisal Principles - Arizona School of Real Estate ...
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(ix) state the use of the real estate existing as of the date of value and the use of the real estate reflected in the appraisal Standards Rule 2-2(a)(x) places obligations on an appraiser, for an Appraisal Report, to summarize the support and rationale for an appraiser’s opinion of highest and best use when such an opinion has been developed ...
[DOC File]One Step Further - Appraisal Institute
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Real estate markets are cyclical and constantly changing. The Dictionary of Real Estate Appraisal, 5th Edition defines market equilibrium as, “The theoretical balance where demand and supply for a property, good or service are equal. Over the long run, most markets move toward equilibrium, but a balance is seldom achieved for any period of time
[DOCX File]1. Minimum Property Requirement Procedures
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b. Appraisal is Not a Home Inspection. While VA-assigned fee appraisers must note any readily apparent repairs that are needed, it is important to distinguish the differences between a real estate appraisal and a home inspection report. The fee appraiser will not perform operational checks of mechanical systems or appliances.
[DOC File]Home-Buying Packet - Homes for Sale, Real Estate, Luxury ...
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Appraisal: An estimate of real estate value, usually issued to standards of FHA, VA, and FHMA. Recent comparable sales in the neighborhood is the most important factor in determining value. This should be contrasted against the home inspection. Appreciation: An increase in the value of a property due to changes in market conditions or other causes.
[DOC File]MARYLAND RESIDENTIAL PROPERTY DISCLOSURE AND DISCLAIMER ...
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Section 10-702 of the Real Property Article, Annotated Code of Maryland, requires the seller of certain residential real property to furnish to the purchaser either (a) a RESIDENTIAL PROPERTY DISCLAIMER STATEMENT stating that the seller is selling the property "as is" and makes no representations or warranties as to the condition of the ...
[DOC File]Chapter 11
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Reasonable Value (Real Estate), item 5a, for LAPP cases or. Servicer, indicated on VA Form 26-1805, Request for Determination of . Reasonable Value (Real Estate), item 5, for SAPP cases. d. Appraiser Signature and Electronic Signature Appraisal reports must have the appraiser’s signature, either electronically or handwritten.
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