Appraisal Archives

NY Appraiser Required Continuing Education: What You Need To Know

John Manfred2024-04-26T13:32:15-04:00May 30th, 2024|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education|Tags: 7 Hour National USPAP Update, Appraiser Continuing Education, New York Appraiser, Real Estate Appraiser NYC|

In the fast-paced world of New York real estate. Maintaining the edge as an appraiser requires more than just initial certification. It's about continually refining your skills, staying current with industry standards, and understanding the evolving legal landscape. This is where the critical role of Continuing Education (CE) comes into play. The State of New York mandates that Assistant, Licensed, and Certified Appraisers must complete a defined set of CE courses every two years to renew their licenses. This blog delves into the specifics NY appraiser required continuing education and offers guidance on what you need to know. New York's [...]

The NEW UAD Appraisal Report Form

John Manfred2024-04-23T10:10:51-04:00May 15th, 2024|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education|Tags: Compliance in Appraisal Reports, New York Appraiser, New York Real Estate|

In an industry where precision and navigating the NEW UAD appraisal report form efficiency are paramount. The recent redesign of the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) by Fannie Mae and Freddie Mac marks a pivotal advancement. This transformation aims to streamline the appraisal reporting process. Injecting modernity into a system ripe for innovation. The revamp is a bold move toward enhancing how property appraisals are conducted. Promising to refine the quality of reports while simplifying the appraisers' workflow. Necessity: The Mother of Invention The appraisal industry has long grappled with the challenges posed by outdated [...]

Why You Choose to Sidestep the National Association of Realtors (NAR)?

John Manfred2024-05-05T13:15:09-04:00May 10th, 2024|Categories: Appraisal, Choosing a Sponsoring Broker, Commercial Real Estate, Florida Real Estate, Real Estate, Real Estate Broker, Real Estate Business Tools, Real Estate Salesperson|Tags: Level Up Your Real Estate Business, NAR Law Suit, New York Appraiser|

The most powerful real estate trade organization has been long recognized for boasting a strong network, comprehensive data reports, and extensive member benefits. But like every coin's other side, there are reasons why you choose to sidestep the National Association of Realtors (NAR)? Or leave them if you're already members. Here are a few of the reasons why you choose to sidestep the NAR: Unpacking the NAR: An Overview Before dissecting why one may consider parting ways with the NAR, it's crucial to understand what it entails. The organization mandates rigid membership requirements and necessitates a binding agreement known as [...]

Top Non-Realtor MLS Platforms

John Manfred2024-05-10T06:21:57-04:00May 5th, 2024|Categories: Appraisal, Commercial Real Estate, Florida Real Estate, NYC Real Estate, Real Estate, Real Estate Broker, Real Estate Business Tools, Real Estate Salesperson|Tags: NAR Law Suit, New York Appraiser, New York Real Estate|

In the wake of the National Association of Realtors (NAR) lawsuit settlement. Many brokers and agents have started re-evaluating their association with traditional MLS systems tightly intertwined with NAR regulations. The landscape is shifting, and for those looking to sidestep the potential limitations posed by this settlement. Alternative platforms offer a fresh lease on operational freedom and innovation. This blog unveils the top Non-Realtor MLS Platforms. That are reshaping the way brokers and agents operate in the real estate market. 1. MyStateMLS Distinctively serving the entire United States with a particular focus on providing flexibility. MyStateMLS stands out for its [...]

Why Diversity, Equity, and Inclusion Matter

John Manfred2024-03-19T09:49:26-04:00April 20th, 2024|Categories: Appraisal, Broker, Florida Real Estate, New Jersey Real Estate, NYC Real Estate, Real Estate Broker, Real Estate Salesperson|Tags: Diversity, Equity, Inclusion, New York Department of State|

Across various sectors worldwide, the concept of Diversity, Equity, and Inclusion (DEI) has moved beyond being mere buzzwords to a critical action plan that underpins how we thrive as cohesive, productive societies. It's an inspiring framework that fundamentally shapes our interactions, decisions, and understanding. The New York Department of State (DOS), one of the oldest and most diverse agencies in state government, is a leading proponent of DEI. Let's delve deeper into the intricacies of DEI, and explore why its incorporation is crucial for an enriched work culture and community development. Why Diversity, Equity, and Inclusion Matter in Today's World. [...]

Navigating the Real Estate Licensing Terrain in New York State

John Manfred2024-03-03T07:27:11-05:00April 10th, 2024|Categories: Appraisal, Broker, Home Inspection, Membership, Real Estate, Real Estate Broker, Real Estate Business Tools, Real Estate Salesperson|Tags: eAccessNY, Real Estate License Renewal|

Understanding the ins and outs of real estate licensing in New York can be overwhelming. Considering the procedures involved and the constant updates in regulations and requirements. Regardless, having a clear, informative guide can make this process considerably simpler. Whether you’re an active real estate agent, an inactive broker, or simply want to verify the status of certain licenses. This guide aims to demystify the state of New York's real estate licensure landscape and help navigating the Real Estate licensing terrain in New York State. The Road to Checking Real Estate License Status All New York real estate licenses are [...]

A Fresh Perspective for Appraisers Amid the NAR Lawsuit

John Manfred2024-03-28T15:40:13-04:00April 5th, 2024|Categories: Appraisal|Tags: Appraisal Business, NAR Law Suit, Seller Concessions|

The ebb and flow of the real estate market are nothing short of fascinating. And those within the industry, appraisers, agents, and educators alike must be ever-vigilant to the changes that can reshuffle the deck of property valuation. The spotlight today is on the National Association of Realtors (NAR) lawsuit. A hot topic stirring a maelstrom of conversations, especially on how concessions might be handled moving forward. As a school that stands at the intersection of education and real-world application. Manfred Real Estate School takes a keen interest in dissecting these industry shifts. The Heart of the Matter: Concessions and [...]

The Evolving Language of Appraisal Reporting

John Manfred2024-02-16T09:33:11-05:00March 16th, 2024|Categories: Appraisal, Appraiser Assistant|Tags: Compliance in Appraisal Reports, Language of Appraisal Reporting, Objectivity and non-bias|

The real estate appraisal industry, much like the rest of the world, is in a constant state of evolution. One of the less discussed, yet crucially important, aspects of this change pertains to the language of appraisal reporting. It's essential for appraisers to refine their reporting language to meet the ever-stringent standards of objectivity and non-bias. The language used in appraisal reports is a reflection of the appraiser's knowledge, experience and professionalism. It's also an important tool for communicating with clients, lenders and other stakeholders. As such, it's important to understand how the language of appraisal reports has evolved over [...]

2024 USPAP: Nondiscrimination Enhancements to the ETHICS RULE

John Manfred2024-01-23T16:23:20-05:00February 21st, 2024|Categories: Appraisal, Approved Continuing Education|Tags: 7 Hour National USPAP Update|

The Uniform Standards of Professional Appraisal Practice, 2024 USPAP have tirelessly formulated and enforced the ethical and performance mandates for US appraisers over the years. Amidst rising concerns over the ambiguous language perceived to facilitate discrimination. The Appraisal Standards Board (ASB) has taken decisive steps to rectify this. This blog post offers a detailed examination of the revised ETHICS RULE, specifically the Nondiscrimination section, and outlines its implications for the 2024 USPAP The Revised Nondiscrimination of the ETHICS RULE Recent years have shed light on the alleged discriminatory practices in appraisals. Propelling the ASB to meticulously modify the ETHICS RULE [...]

Riding the Tides of the Housing Market in 2024

John Manfred2024-01-19T11:52:13-05:00January 21st, 2024|Categories: Appraisal|Tags: 2024 Housing Market|

Riding the tides of the Housing Market in 2024. Picture this: after cresting the peak in the preceding years, the market surged downhill dramatically, with sales of pre-existing homes recording a precipitous drop of 19% year-over-year. Consequently, this market chill is reflected in the median home price. Which ascended to a notch of $387,600 in November 2023, a 4% rise from the preceding year, despite the stinging winds of turbulence. Furthermore, mortgage rates echoed the gale of instability, dipping and rising unpredictably. Culminating in an average of 6.9% in the fateful year of 2023, following a spike beyond the 7% [...]