Market price influencers
When forming a broker price opinion (BPO), a broker looks beyond the property itself to the various market factors which influence its value.
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Tag: appraisal
Authority to regulate real estate
When state and federal rules governing the use of real estate conflict, which rules take precedence, and when can police powers be used to take property?
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BPO series: Deeds, covenants and agreements
Here is the fourth post in our series drawing on appraisal concepts from our unpublished...
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BPO series: Trade fixtures, notices of nonresponsibility and water rights
Here is the third post in our series drawing on appraisal concepts from our unpublished...
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May an owner of developable property encumbered by an undisclosed easement recover under a policy of title insurance the diminution in value based on the property’s highest and best use?
A California appeals court holds the property’s value under a title insurance policy is based on the highest and best use.
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Appraisal rules for high-priced mortgages
A Section 35 higher-priced mortgage loan classification triggers certain appraisal report requirements.
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Paying appraisers
Fee appraisers are to be compensated by mortgage lenders and their agents at a reasonable rate – but there are exceptions that effectively gut this rule.
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Mortgage Concepts: Regulation of Appraisal Management Companies, a middleman for appraiser independence from lenders
Learn how AMCs operate in California to maintain appraiser independence.
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Conflicts of interest facing appraisers and mortgage lenders
An appraiser must not have a direct or indirect interest, financial, personal or otherwise, in the property they have been retained to prepare an appraisal.
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Appraisal discrimination made easier to spot with California’s new law
A new law authorizes the California BREA to collect demographic data from appraisers.
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Letter to the Editor: Who may render a broker price opinion (BPO)?
Does one need to be a broker to prepare and present a broker price opinion (BPO)?
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Below value appraisals are uncommon — but they are more likely in minority neighborhoods
New data shows homes are more likely to be appraised at below the contract price when they are located in minority neighborhoods.
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Economic considerations in an evaluation: Part 2
This article discusses different valuation methods for preparing a broker price opinion (BPO).
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Economic considerations in an evaluation: Part 1
Learn how local economic conditions influence a broker’s price opinion – and how to use different valuation methods.
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The Appraisal Foundation urged to revise their Ethics Rule for appraisers
The Appraisal Foundation, responsible for updating the Uniform Standards of Professional Appraisal Practice, has revised their Ethics Rule at the request of federal regulators.
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The votes are in: Appraiser discrimination is rare — here’s how to spot it
While rare, firsttuesday readers report firsthand experience of discrimination during the appraisal process.
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Help wanted: diversity in real estate appraiser industry
The real estate industry needs diverse representation to reflect its diverse group of clients — appraisers included.
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Poll: Have you or your clients experienced appraiser discrimination?
Implicit bias in the appraisal industry drags down the housing market.
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The danger of high appraisals in a spiraling housing market
A high appraisal has long stakes for homebuyers – and lenders.
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