Ethics in rendering broker price opinion (BPO) services
Lean to recognize when arrangements, situations, and relationships can give rise to conflicts of interest in the preparation of a broker price opinion (BPO);
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Category: Appraisal
Is the owner of a property used for sporting events entitled to an exclusion from assessed value an allocation for future functional obsolescence?
Joaquín Torres v. San Francisco Assessment Appeals Board No. 1
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Is a developer entitled to exclude from assessed value of a property the income received from subsidies and a property operator’s agreement?
Olympic and Georgia Partners, LLC v. County of Los Angeles
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Alternative to supervisor-trainee approach opens the door to become an appraiser
Appraiser trainees may now fulfill the experience requirement online – no insider status required.
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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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Market price influencers for a BPO report
Learn about the factors influencing a broker’s price opinion (BPO) report, including the property’s location, natural hazards and local ordinances.
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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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Form-of-the-Week: A comparative market analysis for setting prices and rents — Forms 318 and 318-1
A seller’s agent uses RPI Forms 318 and 318-1 when educating the seller on a reasonable asking price or rental amount for the property.
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Lack of diversity among real estate professionals reduces fees
Building a diverse real estate team creates better opportunities for financial growth.
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One small step for refinancing, one giant leap for inequality
Discriminatory practices in appraisals have led to refinancing inequality.
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Appraisals in a declining market — and why it matters in 2022
After two years of rapid price increases, appraisers will need to make a quick shift when prices dive later in 2022.
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Fannie Mae and Freddie Mac to launch remote desktop appraisals in 2022
After a successful test run triggered by the pandemic, Fannie Mae and Freddie Mac will soon be permanently accepting remote desktop appraisals on eligible transactions.
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Clarity on AMC designated officer rules
The designated officer (DO) is an important role ensuring appraisal management company (AMC) compliance.
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