Start Up Series #5: Appraiser’s Q&A Guide for Business Insurance
Now that you’ve learned the basics on bookkeeping and banking, one of the most important aspects you need to focus on is protecting all of your hard work. A business needs to protect themselves from financial loss or damages that could occur in the case of an accident...
Millennial Home Trends for Real Estate Appraisers: Tiny Homes
As an appraiser, you come across a variety of properties with distinctive features. With 1970’s homes there was shag carpeting and wood paneling. Jump to the 1990’s and light wood and brass were prevalent. So, what’s to come? With the millennial generation entering a...
Start Up Series #4: How Do I Create My Financial Plan?
At this point you have successfully outlined your goals for your business as well as have an idea on how to find your client base. Now, it is time to focus on the financial aspect of your business and make sure you are set up for success. This will require figuring...
E&O Risks: Should You Accept a Hybrid Appraisal Request?
A hybrid appraisal (HA) entails a number of E&O risks due to its potential conflict with USPAP rules. Extreme caution should be taken prior to performing an appraisal based on information collected by an anonymous field inspector, especially if the intent of the...
4 Myths Potential Clients Have About Real Estate Appraisers
When starting the home buying process, the buyers are often excited to find their perfect home. Whether that be based on age, size or location, they are ready to take the plunge. Unfortunately by the time the appraisal process starts the buyer’s excitement has turned...
Start Up Series #3: How Do I Start Building a Client List & Long-Term Goals?
Now that you have picked your niche market, the next item to check off your list is to begin building up your clientele. Also, setting long-term goals is a good way of preparing yourself up for success because you know exactly what you want to accomplish. Read on to...
New Appraisal Education Changes Are an Opportunity to Take Advantage Of In 2019
Every property is unique unto itself - which is why real estate appraisers could not be more important to the process of buying and selling property or land. Not only does the data collected by appraisers form the basis for mortgage loans, but it can also be...
Start Up Series #2: What Do Appraisers Need to Know about Niche Markets and Creating a Business Entity?
One of the most important tasks to check off your list is to establish your key or niche market and whether or not you should establish yourself as a business entity. They may sound simple, but these decisions will shape the direction and security of your future...
Start Up Series #1: How To Get Going As A Real Estate Appraiser
According to recent reports, the real-estate appraisal industry has been in need of new blood. Over the last couple of years, there’s been heavy decline in trainees obtaining their certification with some areas dropping from over 1,000 trainees to 55 in a ten year...
Appraisals as Part of a Tax Assessment Appeal
According to CBS News, about one-third of U.S. homeowners are paying too much for property taxes. Taxpayers who fall into this bracket have the right to appeal for a review of their tax burden. The tax assessment is based on the assessed value of the home, which is...
The Pros and Cons of Banking and Nonbanking Loans
You may already have a good idea of the difference between banking and nonbanking loans. However, this article contains some great information that can help you act ethically when dealing with nonbanking loans.
Why Real Estate Appraisers are better than AVMs
Digital home value estimations could be officially accepted over an appraisal from a real live real estate appraiser. In a world where technology is rapidly replacing human-placed jobs, this is a frightening horizon for all property appraisers. Is there really...
Top 5 Claims Faced by Real Estate Professionals
Real Estate Errors and Omissions Insurance (E&O) covers real estate professionals for possible claims made while performing a professional service not covered by general liability insurance. This insurance is generally purchased by agents and brokers, and is...
Four Technologies Disrupting the Real Estate Industry Today
Technology has had a tremendous impact on real estate from the beginning of the computer age. The MLS, drone photography and the barrage of internet-based websites that threatened to take over the market have all left their marks on the industry. Here are four...