Tagged: education

March 1, 2013

The Aging Appraiser

Questions dealing with age and retirement… There is a lot of apprehension in the appraisal industry regarding from where the next generation of appraisers will come. There are not a lot of new people entering the profession at this time. To try to get a better idea of appraiser demographics, we asked a couple of questions dealing with age and retirement. First, we asked, “What is your age range?” This was a very popular poll with a near record of 6,885 responses. No big surprise that the most popular answer was 51-60 with 33% of the vote. This was followed...

Appraisal / Appraisal News / Appraisers News

July 11, 2012

Differences Between Neighborhood and Market Areas & Analysis

Neighborhood is broad and general in nature… When examining appraisal reports, it is commonly noted that the Neighborhood section of the 1004 appraisal report contains data for sales of properties that are comparable and competing to the subject, rather than for sales of all homes of the same category (i.e., single family detached). Professional appraisal reference works, such as Appraising Residential Properties, 4th Edition (published by Appraisal Institute) address the differences between a “neighborhood” and a “market area.” Further, various Fannie Mae selling guides and announcements, and the HUD 4150.2 handbook contain guidance for appraisers regarding the analysis of neighborhood...

1004MC / AI / Appraisal / Appraisal Institute / Appraisal News / Appraisal Organizations

February 3, 2012

Real Property Appraiser Qualification Criteria Changes Adopted

Real Property Appraiser Qualification Criteria Changes Adopted by AQB Effective January 1, 2015 The Appraisal Foundation is pleased to announce that Proposed Revisions to the Real Property Appraiser Qualification Criteria (Criteria) have been adopted by the Appraiser Qualifications Board (AQB). The AQB is an independent Board of The Appraisal Foundation. The AQB is responsible for developing minimum qualifications for education, experience, examination and continuing education for real property appraisers in the United States. The Criteria, which were adopted at the December 2011 meeting of the AQB, will be effective on January 1, 2015. The changes to the Criteria are the...

Appraisal / Appraisal News / Appraisers News / AQB / The Appraisal Foundation / The Appraiser Qualifications Board