Appraisal

Navigating the Real Estate Licensing Terrain in New York State

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

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

2024-03-28T15:40:13-04:00April 5th, 2024|Categories: Appraisal|Tags: , , |

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

2024-02-16T09:33:11-05:00March 16th, 2024|Categories: Appraisal, Appraiser Assistant|Tags: , , |

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

2024-01-23T16:23:20-05:00February 21st, 2024|Categories: Appraisal, Approved Continuing Education|Tags: |

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

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

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% [...]

Up Your Game As A Real Estate Appraiser

2024-02-09T08:00:22-05:00January 17th, 2024|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education, Membership|Tags: , |

Sharpen your real estate appraiser skills like never before and welcome the new year with unparalleled know-how and insight. With New York State requiring a generous 28 hours of Continuing Education (CE) for Real Estate Appraisers, including everyone's favorites - the 7 hour USPAP Update and Fair Housing and Fair Lending topics, it's time to step up your game. Behold, Manfred Real Estate Learning Center! Manfred Real Estate Learning Center is the premier provider of real estate appraiser education in New York State. We offer a wide range of courses that will help you meet your CE requirements. Our instructors [...]

Exploring GSE Requirements for Desktop Appraisals

2024-02-08T21:11:39-05:00May 1st, 2023|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education, Continuing Education, Real Estate Broker|Tags: , , , |

The desktop appraisal process has become increasingly important to the real estate appraising industry. As such, it is essential that all appraisers understand how to properly comply with GSE requirements when conducting a desktop appraisal. Exploring GSE requirements for desktop appraisals will cover the various requirements and steps you need to take to ensure compliance. Definition of a Desktop Appraisal A desktop appraisal is an appraisal report that is prepared using data from third-party sources without any physical inspection of the subject property. This type of appraisal is typically used for low value properties. For example manufactured homes and small [...]

How to Finance Your Purchase using FHA /VA and Conforming Loans

2024-02-08T21:03:19-05:00April 1st, 2023|Categories: Appraisal, Florida Real Estate, Mlo, Real Estate, Real Estate Broker, Real Estate Business Tools|Tags: , , , |

Trying to decide which loan is best for you when purchasing a home can be overwhelming. How to Finance Your Purchase using FHA /VA and conforming loans. Do you go with an FHA loan, VA loan, or a conforming loan? Let’s take a look at the pros and cons of each type of loan and how to finance your purchase using FHA, VA and conforming loans. FHA Loans Generally speaking, FHA loans have been looked upon as loans for second class borrowers. However, these loans have actually helped hard working Americans fulfill their dreams of owning their own home since [...]

Real Estate Agent’s Guide to Handling Difficult Clients

2023-08-02T15:11:51-04:00March 15th, 2023|Categories: Advance Your Career, Appraisal, Appraiser Assistant, Florida Real Estate, Home Inspection, Real Estate Broker, Real Estate Business Tools|Tags: , , , , , , |

The most successful real estate professionals are the ones who can thrive despite facing challenges from challenging clients. However, an agent's answer to a demanding client requires strategic planning and sensitivity. Excellent agents and brokers can quickly figure out the issues and make sound, forward-thinking judgments. Customers, whether difficult or not, are not all the same. This is why there has to be a plan in place for agents to detect and handle customer problems quickly. We've created this real estate agent's guide to handling difficult clients to get you started.    Understand Difficult Clients Continuous learning is key to becoming a [...]

How to Properly Determine Homeowners Insurance

2024-02-08T21:01:31-05:00March 1st, 2023|Categories: Appraisal, Appraiser Assistant, Continuing Education, Real Estate, Real Estate Broker|Tags: , , , |

As real estate professionals, it is essential to determine the proper homeowners insurance coverage for our clients. Not only must we make sure that our clients are adequately protected in the event of a disaster, but we must also ensure that they are not overpaying for coverage they don’t need or underpaying for coverage they do. So how can we know that we have recommended the correct insurance policy and amount of coverage? Let's take a look at what you need to consider when how to properly determine homeowners insurance. Types of Insurance Policies The first step when determining homeowners [...]

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