The Evolving Language of Appraisal Reporting
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 time and what appraisers can do to ensure […]
Annual Parapet Inspections Started in 2024
New York City is known for its striking architecture, diverse neighborhoods, and swift pace of daily life. But what truly keeps the city pulsing are the standards upheld to ensure the safety and integrity of the buildings that are part of NYC’s architectural grid. An important and recent update in this regard is the upcoming enforcement of annual parapet inspections. New Mandate: Annual Parapet Inspections started in 2024.
From January 1, 2024, all building parapets within NYC that face the public right-of-way must undergo an annual inspection. This mandate aims to preserve the city’s architectural integrity while safeguarding NYC residents and visitors.
Who falls under this new requirement?
The […]
Adapting to Remote Real Estate Transactions
As technological advancements continue to reshape real estate industry norms. The traditional concept of in-person closings has given way to efficient and secure virtual alternatives. Embracing this shift enhances convenience for buyers and sellers and underscores the importance of staying abreast of digital trends. Remote real estate transactions necessitate a meticulous approach that prioritizes efficiency and security. Every aspect requires careful consideration, from digital document management to secure communication channels. By leveraging innovative tools and practices, professionals can seamlessly navigate the complexities of virtual closings. Ensuring a smooth and successful experience for all parties involved.
Digital Document Management: Streamlining Efficiency and Security
Digital document management revolutionizes […]
5 Steps to Become a NY Home Inspector in 2024
Become a NY Home Inspector in 2024. A land where knowledge, curiosity, and a desire to help others converge. If, like many adventurers before you, you’re setting your sights on the Empire State. You’re in for a journey full of rewards and tribulations alike. Becoming a NY home inspector not only offers you a versatile career path. But it also provides a chance to safeguard the dreams of countless future homeowners. Let’s navigate this exciting journey together in five comprehensive steps.
Step 1: Understand the Role and Its Requirements
Before embarking on any expedition, it’s essential to consider the path ahead. Home inspectors are the custodians of home safety. […]
2024 USPAP: Nondiscrimination Enhancements to the ETHICS RULE
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 to unambiguously prohibit such conduct. This revision has primarily […]
Your Home Inspection Business: A Guide to Protect Your Livelihood
Your home inspection business can be as rewarding as it is challenging. As a hands-on venture, it is accompanied by its share of risks and liabilities. One potent way to safeguard your business against these unforeseen perils is to arm yourself with a robust insurance policy. In particular, the lack of Liability and Errors & Omissions (E&O) insurance can be a dangerous gamble that could cost your home inspection business dearly.
The purpose of this guide is to help you understand the importance of Liability and E&O insurance, as well as how to find the right coverage for your home inspection business. We’ll also provide some tips on […]
Unpacking the NYS Internet Advertising Regulations for Real Estate
A significant shift in the real estate landscape has resulted from the New York State Department of State’s recent move to adopt new advertising regulations for Real Estate. The regulatory changes primarily target real estate brokers who use lead generation platforms such as Zillow, Trulia, StreetEasy, among others. The main focus is to ensure enhanced clarity in disclosures, especially for those advertising on these popular property-search platforms. Overall. lets begin by unpacking the new NYS internet advertising regulations for Real Estate.
Key Definitions
Before delving into the regulations themselves, it is crucial to understand the jargon associated with them.
- Advertising and Advertisement refer to any promotion or solicitation tied […]
Rising Above the Urban Jungle: Common Hurdles in NYC Real Estate
Navigating the intricate world of New York City’s real estate can be a daunting but rewarding experience. As you embark on your real estate journey in the city that never sleeps, you’ll quickly realize that there are common hurdles in NYC real estate that demand your attention. These hurdles are more than just challenges; they’re opportunities for growth and success. In this guide, The Manfred Real Estate Learning Center will explore three key challenges every investor should be well-prepared to tackle. So, whether you’re a seasoned real estate enthusiast or a newcomer to property investment, fasten your seatbelt as we delve into the […]
The Home Inspector Wish List
A Real Estate licensee’s job is to ease the process of buying or selling properties for their clients. One crucial part of this process is inspecting the home in question. Enter the home inspector: a real estate agent’s silent partner, their magnifying glass into the quality, vitality, and potential of the property. But what does a Real Estate agent really look for in a home inspector? What qualities top their wish list? Let’s dive in.
Expertise & Certification
When it comes to their chosen home inspector, real estate agents desire someone who is the absolute expert in their line of work. While experience and familiarity with home inspection processes […]
How to Get a Real Estate License in New York
If you’re eager to explore a career in the bustling New York real estate market, you must obtain a Real Estate Salesperson License from the New York Department of State (NYDOS). This in-depth blog post will guide you through the crucial steps, covering the vital actions you need to take to become a licensed real estate agent and immerse yourself in New York’s dynamic property landscape.
Prerequisites for Becoming a Real Estate Agent in New York
Before diving into the licensing process, ensure you meet the NYDOS prerequisites to qualify for the real estate salesperson course:
- Age Requirement: You must be at least 18 years old.
- Criminal Record: You […]
Ascend The Ladder of Continual Learning: NY Home Inspector
As we embrace 2024, there’s no better tune to hum than the rhythm of home inspector continual learning. Operating amidst the fast-paced world of New York real estate. Home Inspectors bear the mighty responsibility of unraveling the delicate threads that hold a property together. Seeking to fulfill the NYS Division of Licensing’s mandated 24 hours of Continuing Education (CE)? Look no further! The prestigious Manfred Real Estate Learning Center is your ultimate academic sanctuary.
With a wide range of courses, we offer the most comprehensive curriculum for home inspector continual learning. Our instructors are all seasoned professionals who have been in the industry for years. And know what […]
Riding the Tides of the Housing Market in 2024
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% marker in late 2022.
Dawn has risen upon […]
Up Your Game As A Real Estate Appraiser
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 are experienced appraisers who have been teaching for […]
Turbocharge Your Real Estate Career in 2024
As a real estate professional in New York, you’re likely already familiar with the 22.5 hours of Continuing Education (CE) required to keep your real estate career active. A new year is afoot, so why not ignite your career anew by becoming a Manfred Member?
The Manfred Real Estate Learning Center is a comprehensive online learning platform. That provides you with the tools and resources to turbocharge your real estate career. With over 550 hours of CE courses, you can complete all of your required continuing education in one place. You’ll also have access to a library of self-paced online courses and other high impact digital marketing […]
Marketing Rural Properties for Tranquility Seekers
We are witnessing a momentous shift on the horizon of the real estate world, marketing rural properties. An escalating interest in the serenity of rural properties. More and more tranquility seekers, yearning for a respite from the incessant hustle and bustle of city life, are finding solace in the simplicity and calm that country homes offer.
This current trend unlocks immense opportunities for real estate investors venturing into this space and for those who aim to make these peaceful abodes their homes. Reacting to this shift, the real estate market has started adopting new strategies to cater to the unique needs and aspirations of this burgeoning market segment.
Unveiling the Unique Charm […]
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