Category: Appraisal News

Reasonable and Customary Fees - Who to Call? 4

Reasonable and Customary Fees – Who to Call?

Who to Call? Fellow appraisers, peers, coalition members and all who work as professional real estate appraisers, we ask for your help. Federal Law known as the Dodd-Frank Act went into effect on April 1, 2011. It clearly states and intends that real estate appraisers be paid “Reasonable and Customary” fees for appraisals performed by state licensed and certified real estate appraisers. Reasonable and customary, generally means what appraisers in a geographic area are generally paid based on a survey of such fees. The survey is supposed to be of fees paid by such entities as the Department of Veterans...

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The Dawn of a New Era in Appraising

A new frontier in appraising is upon us… Approximately 30 years ago the automobile industry began to introduce computers into cars and since that time they have never been the same. What was once considered a rather simple procedure – tuning up your engine or even changing the spark plugs – has become an almost impossible project for anyone, except the highly trained automobile technician. Today nearly every aspect of your car is aided or controlled in some manner by a computer. Digital radios with CD players, climate control systems, cruise control and pollution control devices are just a few...

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Real Estate Appraisers in 2011

Now that we are entering the new year, real estate appraisers in any U.S. market must start looking to increase their marketing efforts and reach to find new clients. Although the last few years have been difficult for any real estate profession, there are always new opportunities to be found. We are certain that 2011 will be a stability year, housing markets are finding footing and there have been increases in home buyer demand throughout the country. Home inventories are higher than ever and prices are the lowest we have seen for a decade. Whenever the economy is shifting and...

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