In the past, it was common for appraisers to collect their fees directly from the borrower at the time of the property visit (i.e., at the door). I would take … Read More
The Wheels on the Appraiser Bus Go Round and Round
You probably have heard me refer to the analogy of the bus in Jim Collins’ book, Good to Great. He compares a business to a bus and talks about making … Read More
The Appraiser Gap Between Where We Are & Where We Want to Be
We appraisers must make decisions every day. However, sometimes taking that step is really difficult. I can’t take away the difficulty and discomfort inherent in making a decision, but this … Read More
Maintaining Your Standards as a Mentor
The Appraisal Foundation recently announced that they are lowering their standards for appraisers to get their appraiser licenses. Prior to April 30, 2018, licensed general appraisers needed 2,000 hours of … Read More
ARE YOU PREPARED FOR THE INEVITABLE (Part III of a Three-Part Series)?
(Disclaimer: I am not an attorney, CFP®, or CPA®, physician, etc., thus do not offer legal, financial, accounting, or medical advice. You should not interpret anything in this blog to … Read More
Reconciliation
How do you reconcile between the value indications of the three approaches, or even between the range of value indication in even one approach? How you answer this is important … Read More
Quality and Condition Standards
Even years after UAD was first implemented, there remains some confusion over the quality and condition rating regulations within the appraiser community. Let’s talk briefly about Fannie Mae’s regulations concerning … Read More
Appraisers and the Golden Rule
As all appraisers are human, we are bound to make mistakes. I personally have never had a perfect appraisal report, and I think you would be hard-pressed to find a … Read More
Professionals Work on Billable Hours
I find that most times when appraisers complain about fees (myself included), we are often not willing to correct our own notion that “it’s all about how much we can … Read More
Location, Location, Location
It’s one of the oldest sayings in the industry and you’ve all heard it a million times before. “What are the three biggest rules of real estate? Location, location, location.” … Read More