With the recent hurricanes slamming the U.S., property owners were caught flat footed and unprepared for rebuilding costs. Worse, many properties damaged by flood waters were not located in designated flood areas, so were never required to possess flood insurance.
The AMC model and its impact on the appraisal industry appears to be changing, as some banks announce plans to bring appraisal ordering back in-house.
Your clients have recently had their home appraised and are shocked at the results. According to the appraiser's report, the value of their home is significantly lower than they were expecting. What do they do now?
Appraisal industry experts address whether technology will replace appraisers and other weighty topics. To gain greater insight into these important topics, OnCourse Real Estate interviewed one of the panelists and The Appraisal Foundation's Director of Appraisal Issues.
The Appraiser Qualifications Board released its most recent proposed changes on Sept. 15 to the Real Property Appraiser Qualification Criteria. These changes, if approved, will impact the qualifications needed to become a property appraiser.