Monthly Archive: January 2012

Extraction Has No Traction 3

Extraction Has No Traction

“Land values were based upon the extraction method.” Look familiar? If I had a nickel for every phoned-in Cost Approach that had this sentence or one like it, I’d be Warren Buffet. The Dictionary of Real Estate Appraisal defines it as: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property. The underscored portion says it all. Usually...

Appraisal / Appraisal News / Appraisers News / IDFPR / Illinois Department of Financial & Professional Regulation

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New management takes the helm at a la mode

January 05, 2012 – Oklahoma City, OK — a la mode announced today that its founder and sole shareholder, Dave Biggers, is retiring from the company’s day-to-day management, and that a new CEO and Executive Chairman team will be running the company. Scott Kinnaird, formerly the company’s CEO, has moved up to Chairman of the Executive Committee. Jay Shafer, the company’s previous CIO, has been promoted to the CEO position. Mr. Biggers will remain as the Chairman of the Board of Directors. “For the better part of the past decade, I’ve gradually removed myself from the day-to-day management of the...

a la mode / Android / Appraisal / Appraisal Equipment / Appraisal News / Appraisal Software

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New Data Courier with XML File Upload via SmartBrowser

DataCourier is built into WinTOTAL and TOTAL to help appraisers securely deliver MISMO XML report files to their clients. The new DataCourier equipped with SmartBrowser now allows appraisers to securely transmit XML and PDF files to any client via secure e-mail or their web portal. It also lets save XML and PDF files directly to PC for delivery via portable storage or archive purposes. 3 ways to send XML and PDF report files: Send XML and PDF via secure e-mail Upload XML and PDF to a website Save XML and PDF to computer Watch this 3 minute video with step...

a la mode / Appraisal / Appraisal News / Appraisal Software / Appraisers News / TOTAL

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2012 FHA Webinar Training for Appraisers

The Federal Housing Administration (FHA) is offering appraisal webinar and seminar training in January and February 2012 for seasoned and new real estate appraisers: January 17, 2012 – Property Inspection Requirements for FHA Appraisers: Have you ever thought, “Am I in compliance with HUD requirements if I do not inspect the subject’s attic?” This FREE webinar training is geared towards the FHA Single Family Roster Appraiser and will cover property inspection requirements to include neighborhood influences, site analysis, and improvements. Appraisers new to the FHA Roster, as well as seasoned professionals wishing to refresh their knowledge, will benefit from this...

Appraisal / Appraisal News / Appraisers News / Federal Housing Administration / FHA / HUD

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USPAP Again?

This article was published in the January 2012 issue of the IllinoisAppraiser Newsletter. In March of 2011 an Administrative Rule seemed to slip by without so much as a whimper. A real estate appraiser must complete the 7-hour National USPAP Update Course or its equivalent within 6 months after the effective date of USPAP. Those real estate appraisers issued a license more than 6 months after the effective date of USPAP shall complete the 7-hour National USPAP Update Course within 6 months after licensure. Wait a minute. Didn’t you just take the 7-hour National USPAP Update a few scant months...

Appraisal / Appraisal News / Appraisal Organizations / Appraisers News / IDFPR / Illinois Department of Financial & Professional Regulation

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