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Exploring GSE Requirements for Desktop Appraisals

2023-08-02T15:03:24-04:00May 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 Select Good Comparables for Appraisals

2023-08-02T15:18:14-04:00February 1st, 2023|Categories: Appraisal, Appraiser Assistant, Approved Continuing Education, Florida Real Estate, Real Estate Broker, Real Estate Business Tools|Tags: , , , , , |

Real estate appraisers must consider many factors when determining a property's worth. One of the key components is selecting comparable properties. This process can be tricky. As there are many factors to consider and it requires more than just finding homes with similar square footage. Let’s look at some of the criteria for  how to select good comparables for appraisals. What is a Comparable? A comparable is a property that has recently sold in the same market as the one being evaluated. The more similar the comparable is to the subject property, both in terms of location and physical attributes, [...]

Continuing Education Requirements

2022-08-11T15:18:45-04:00April 1st, 2022|Categories: Approved Continuing Education, Continuing Education, Real Estate, Real Estate Broker|

In the last two years, so many changes have occurred in the New York real estate continuing education requirements. Most recently, on December 21st, Governor Kathy Hochul signed a series of new Fair Housing bills into law. Including additional required continuing education topics for the real estate salesperson and broker licensee. What are the Current Continuing Education Requirements? As of July 1, 2021, all licensees must successfully complete 22.5 hours of approved continuing education. It must include at least 2.5 hours of ethical business practices or NAR Code of Ethics.  At least 1 hour of recent legal matters and at least [...]

What Every Real Estate Professional Needs to Know in 2021 and Beyond

2021-08-21T20:52:37-04:00June 4th, 2021|Categories: Approved Continuing Education, Home Inspection, Real Estate, Real Estate Salesperson|

Significant changes have taken place in the real estate market. What every real estate professional needs to know in 2021 and beyond. Therefore, every salesperson, broker, appraiser, mortgage loan originator and home inspector needs to know these present and future trends. In conclusion, being open to changing and adjusting to their market as well as giving them the tools to look beyond 2021 for additional signs of real estate trends. Identify the Key Players Identifying the players in the real estate market is very important in any market. Especially in Florida and other major cities in the Northeast including Pennsylvania, New [...]

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