NAR: Appraisal License Equivalency Credit for RE Agents?

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”

The National Association of REALTORS® believes there are alternatives to some of the experience requirements that the AQB should consider.

NAR sent a letter to the Appraisal urging the Appraisal Foundation (TAF) to review the experience and education of workers in parallel professions and consider it for potential credit to satisfy the accreditation requirements of appraiser licensing.

Excerpts from the letter:

… including, but not limited to, experience in real estate market analysis and real estate brokerage, including:

• Evaluating and pricing residential real estate

• Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process

• Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent

• Completing broker price opinions and Competitive Market Analyses

• Completing Evaluations in compliance with the Interagency Appraisal and Evaluation Guidelines

• Compliance with Fair Housing laws, rules, and regulations

• Compliance with the Equal Credit Opportunity Act

To read the letter (PDF), click here

My comments: Real estate agents and brokers are salespersons. They provide CMAs, etc., which can relate to valuation. I don’t know if Realtors can be re-trained to see value rather than price. I speak with a lot of Realtors and many are not oriented the same as appraisers.

Over the years, I observed that successful real estate agents seldom switched to the much less profitable appraisal side. Persons who started in sales but were not very good sometimes went into appraising.

On the other side, appraisal provides excellent experience for real estate agents. I know some successful agents who were trained as appraisers and appraised for awhile. There are also agents/brokers who are licensed appraisers and do both. Appraisers with real estate sales experience know real estate from the “inside” by interacting with buyers and sellers. Appraisers are real estate reporters.

Does NAR want to allow some appraisal experience and education instead of 100% sales experience and more than one appraisal class for a broker’s license? What about a salesperson license?

I have been a licensed real estate broker since 1986. I got it mostly for MLS access and have only done one sale, representing the buyer. At that time, no sales experience was required for a broker’s license, only a 4-year degree. I am familiar with the current experience requirements for a broker’s license. Can appraisal experience count for some of these experience requirements? It should go both ways.

NAR Appraisal Survey 2022

Appraisal Business Tips 

Humor for Appraisers

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NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc.

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Fire Island’s NY Legendary Pyramid House for sale at $6.5M

Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. Sold 4/1/2013 for $998,000

Excerpts: The centerpiece is the great room with its soaring ceiling and wall of glass (living room, kitchen and dining) overlooking the dunes (Fire Island National Seashore), the ocean and the bay. Beneath, the enormous primary suite (dressing room, large bathroom and private study) looks out to the dunes on one side and the pool deck on the other.

Across the pool deck are 2 guest cabana bedrooms and a bathroom in between, all in the shape of pyramids. Cooling ocean breezes flow day and night in this sophisticated, relaxed compound. Multiple decks and work areas in the home offer privacy and convenience and graceful separation of space.

To read more and see lots of interesting photos click here 

My comments: I love the 4 pyramid cabanas!

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George R. Harrison, Ph.D. passed November 28, 2022

Funeral services were held on December 1, 2022. George was 85 years old.

We miss him.

(Photo: George is on the right side, front. Having a good time!) 

To read more and add your comments and personal stories, plus see photos and a Tribute Memorial video on his Memorial Page, click here 

Appraiser eLearning Briefing 11.28.22 (10 minute video) Remembering George Harrison. Sharing their memories of George are Hal Humphries (Appraiser eLearning Partner) and Teresa Walker (NAA Administrator), and Bryan Reynolds (Appraiser eLearning)  To watch the video, click here

George had a Ph.D. in Economics from Pacific Western University, Univ of Texas @ Arlington & University of Texas @ Austin, and a Bachelor in Economics from the University of Texas at Austin. After graduation he worked for USAA in Real Estate Development.

George founded Columbia Institute and was its president, from 1992 to 2018, a school for continuing education of Real Estate Appraisers. Courses were taught in many states. In the early 90’s, he spent time in Moscow and Bulgaria training appraisers, as well as hosting some of them here. The Columbia Institute was acquired by Corelogic in 2016 and ceased operation in May 2022. To read more click here 

George was a founding member of the National Association of Appraisers (NAA). He served on the Board of Directors, was a President, and was an Emeritus Member.

For more information on NAA click here  NAA Facebook page click here  Add your comments.

The first Appraisal Summit was co-hosted by Appraisal Today and The Columbia Institute. There were 109 attendees. It continues to run annually and is hosted by NAA and Appraiser eLearning.To read more click here 

The Appraisal Update Podcast 11.29.22 – Thank You, Dr. George Harrison (13 minutes). Bryan Reynolds’ very personal comments on George, including how he helped Bryan get started teaching appraisers. To watch the video, click here

Personal comments from Teresa Walker, who worked with George for many years

I don’t even know where to start. I looked on Facebook a few minutes before turning off my phone for 8 days. I saw that my mentor, boss, and father figure, George Harrison, had passed away. I quickly sent out emails to everyone I could think of to let them know and I turned off the phone.

I remember meeting George Harrison shortly after I moved to San Antonio in 2001. He remembered me from Valuation 2000. There were 3,000 people at that meeting. He told me I wouldn’t let the person in front of him attend a session because they didn’t have their badge, and I made them walk back to their room (1/4 mile in the MGM) to get it. That sounds like me. Anyone familiar with the appraisal industry knows that 95 percent of the people that were there were probably older white men. There were only a few African American women attending appraisal conferences at that time, so I was probably easy to spot and remember.

He nurtured me, mentored me, and made me think I could do the impossible. All the things he encouraged me to do, I’m doing now. He would get mad at me and punish me like a parent, and we would get through it. Running a national association, managing multiple state associations were his ideas…not mine. When I went to work with him at Columbia, I was working 2 hours a day. That led to a full-time consulting job for 6 years. After we started NAA and the Appraisal Summit and I started to manage ATA (Association of Texas Appraisers), I had to cut back my hours with Columbia. Who would have thought that those entities would be what they are today!

If we didn’t travel together to attend conferences, he would give me a big hug like he hadn’t seen me in years (when in fact, it had only been a day or so). 😊

Thank you, George, for all you did for me and this profession that you loved so much. You will be missed.

My personal comments: George called me before the first Appraisal Summit on December 9-11, 2009. I did not know who he was. The same day, I found out a lot about George. I was impressed with his qualifications and agreed to help him with the Summit as a co-host. I did my Appraisal Today National Conference from 2001 to 2006 and learned a lot about doing national appraisal conferences. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers. Many thanks to George.

I will never forget George’s wide smile. He was a very nice, kind person and definitely One Of The Good Guys. George was dedicated to teaching appraisers.

The image below was created by Teresa Walker.

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2022 year-end tax planning for appraisers.

It’s still possible to save on your 2022 taxes!

Excerpts:

Your most important decision this year is if you expect your total taxable income (personal and business) in 2023 to go up, stable, or down from 2022.

If next year you expect it to be lower, make many purchases, donations, etc., before year-end. Also, defer 2022 income until 2023.

If you expect your 2023 income to be higher than 2022, consider deferring purchases, donations, etc., as you will need them more in 2023.

If you expect no change in income for the next year or are not sure, you can make year-end purchases and some or all of your other deductions. I do them just in case my income may be lower in 2023.

There are many 2022 tax changes due primarily to expired 2021 pandemic laws and 2022 high inflation. I strongly recommend getting an experienced CPA or enrolled agent to do your 2022 taxes. For example, there are different business mileage rates for the first 6 months and last 6 months of 2022.

I have been writing these annual articles for many years. These are definitely these are most complicated and confusing tax changes I have seen.

To read more about this topic, plus 2+ years of previous issues, subscribe to the paid Appraisal Today.

If this article helped you save money on your 2022 income taxes, it is worth the subscription price!

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If you have any comments or info on any topics, please hit the reply button!! I’m always looking for something new ;>If you are a paid subscriber and did not get the December 2022 issue emailed on Thursday, December 1, 2022, please email info@appraisaltoday.com, and we will send it to you!! Or hit the reply button. Be sure to put in a comment requesting it.

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Which is MOST important for building strong appraisal-client relationships?

McKissock Survey

Top earners in the real estate appraisal profession are those who consistently bring in new clients. If you’re looking to earn more referrals and repeat business, a great place to start is by fostering good relationships with your appraisal customers. To help you out, we asked our appraisal community,

The top two answers were “clear communication” and “credible results.” Survey respondents identified these two things as being the most essential for establishing and growing strong appraiser-client relationships. The other available answer choices were “competitive fees,” “quick turnaround times,” and “detailed report”; however, zero respondents selected those as being the most important.

Clear communication

Comments from those who selected “clear communication” as their answer choice included the following:

“Open communication between all parties involved in the appraisal process is the key to giving lenders the most credible results.”

“Clear communication is essential to establishing the scope of work, if there are any other clients involved. Investigate by asking specific questions pertaining to the property such as improvements, what and how long ago, permitted work, HOA, municipalities, etc. to be able to provide credible results for the final report.”

To read more, click here

My comments: Worth reading. See the origination forecast below. I have seen this same communication recommendation many times, both from clients and savvy appraisers.

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Famous Kellogg Doolittle estate in Joshua Tree California

10 acre site. 3 bedrooms, 3 baths, 7,357 sq.ft. 

It is one of the most exclusive homes in the world, and is available for the first time as an Airbnb Luxe exclusive. ($7,357 per night)

Created over 25 years, Kellogg Doolittle in Joshua Tree National Park is a marvel of the organic architecture movement. A residence that is so “one-of-a-kind,” nearly every element, inside and out, is handcrafted by architect Ken Kellogg and Master Craftsman John Vugrin.

Kellogg, a former protege of Frank Lloyd Wright, has taken organic architecture to new levels with this outstanding house. The Kellogg-Doolittle House contains no straight lines or rectangular spaces.

Instead, the house forms around 26-winged piers composed of organic material built quietly into the natural landscape: the kitchen and living room stretch softly around an unmoved, million-year-old rock formation, while the glass panels peek into a sprawl of sunrise and sunset views.

To read more and see many photos, click here

My comments: Very interesting, including the photos! I love rocks. Took a geology class my last semester in college and would have changed majors, but it took too many more classes to graduate.

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MBA Revises Originations Forecast Downward For 2023

Now predicts lenders will originate $1.98 trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5% from its October forecast. 

Nov. 29, 2022

Excerpts: Next year will be an even slower year for home purchase and refinance loan originations than previously expected, according to an updated forecast from the Mortgage Bankers Association (MBA).

The reduced forecast for the year includes a 5.5% decline in purchase originations to $1.49 billion and a 27.4% decline in refinances to $484 million. Both totals also were revised downward — by 2.7% and 5.7%, respectively — from its October projections.

The MBA’s latest forecast now represents a dramatic revision from its forecast issued a year ago. In that forecast, it said it expected $1.85 trillion in purchase loans and $676 billion in refinances.

The MBA also lowered its fourth-quarter forecast for this year for overall originations $398 billion, 2.9% lower than its forecast in October. The revised amount is also 60% lower from 2021. The forecast for 2022 was also revised downward to $2.24 trillion, a 49% drop from its 2021 peak of $4.44 trillion.

Includes a link to a table with mortgage origination history and forecasts.

To read more, click here

My comments: No one really knows what will happen as it is affected by the Fed’s rate changes. My motto: Plan for the Worst. Hope for the Best!HOW TO USE THE NUMBERS BELOW. Appraisals are ordered after the loan application. These numbers tell you the future for the next few weeks. For more information on how they are compiled, go to www.mba.org Note: I publish a graph of this data every month in my paid monthly newsletter, Appraisal Today. For more information or get a FREE sample go to www.appraisaltoday.com/order Or call 510-865-8041, MTW 7 AM to noon, Pacific time.

My comments: Rates are going up. Some appraisers are very busy, and others have little work. Varies widely around the country.

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Mortgage applications decreased 0.8 percent from one week earlier

Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 25, 2022. This week’s results include an adjustment for the observance of the Thanksgiving holiday.

The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 33 percent compared with the previous week. The Refinance Index decreased 13 percent from the previous week and was 86 percent lower than the same week one year ago. The seasonally adjusted Purchase Index increased 4 percent from one week earlier. The unadjusted Purchase Index decreased 31 percent compared with the previous week and was 41 percent lower than the same week one year ago.

“Mortgage rates declined again last week, following bond yields lower. The 30-year fixed mortgage rate decreased to 6.49 percent and has now fallen 57 basis points over the past four weeks. Additionally, mortgage rates for most other loan types declined,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “The economy here and abroad is weakening, which should lead to slower inflation and allow the Fed to slow the pace of rate hikes. Purchase activity increased slightly after adjusting for the Thanksgiving holiday, but the decline in rates was still not enough to bring back refinance activity. Refinance applications fell another 13 percent, and the refinance share of applications was at 26 percent. Both measures were at their lowest levels since 2000.”

The refinance share of mortgage activity decreased to 26.1 percent of total applications from 28.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 9.0 percent of total applications.

The FHA share of total applications decreased to 12.2 percent from 13.4 percent the week prior. The VA share of total applications increased to 11.2 percent from 10.5 percent the week prior. The USDA share of total applications decreased to 0.5 percent from 0.6 percent the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 percent from 6.67 percent, with points remaining at 0.68 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 6.35 percent from 6.30 percent, with points decreasing to 0.61 from 0.74 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57 percent from 6.66 percent, with points increasing to 1.14 from 1.01 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.02 percent from 6.08 percent, with points decreasing to 0.69 from 0.70 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 5/1 ARMs decreased to 5.48 percent from 5.78 percent, with points increasing to 0.89 from 0.73 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks, and thrifts. Base period and value for all indexes is March 16, 1990=100.

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Ann O’Rourke, MAI, SRA, MBA

Appraiser and Publisher Appraisal Today

1826 Clement Ave. Suite 203 Alameda, CA 94501

Phone 510-865-8041

Email  ann@appraisaltoday.com 

www.appraisaltoday.com

 

Neighborhood Boundaries for Appraisals

Gentrification, neighborhood boundaries, and bias

By Ryan Lundquist 

Excerpts: Photo used with permission (thanks, Vicky).

Sometimes, crossing the street can make all the difference for value. In short, if we don’t understand where a neighborhood starts and ends, we might choose the wrong comps.

Q&A #3 How do we know neighborhood boundaries?

Okay, this is a big question, and it could easily be a dissertation. For starters, let’s consider what Fannie Mae says about neighborhoods:

Fannie Mae: “The appraiser should provide an outline of the neighborhood boundaries, which should be clearly delineated using ‘North,’ ‘South’, ‘East,’ and ‘West’. These boundaries may include but are not limited to streets, legally recognized neighborhood boundaries, waterways, or other natural boundaries that define the separation of one neighborhood from another. Appraisers should not reference a map or other addendum as the only example of the neighborhood boundaries.”

Other thoughts (mine): I think sometimes we focus only on major streets, but let’s also consider school boundaries and even how neighborhood associations or city websites define areas. But also, where would residents themselves draw the lines? And where would buyers be hunting for a home before shopping somewhere else? All these things could be clues.

To read more and see lots of maps and graphs, click here

My comments: Excellent analysis of specific neighborhood boundaries with maps and graphs, of course. Worth reading. The Jan. and Feb issues of the monthly Appraisal Today has this article: Does my neighborhood really need to be analyzed? Parts I II By Tim Andersen, MAI. The best neighborhood explanations I have ever read!!

Appraisal Business Tips 

Humor for Appraisers

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, ANSI, bias, smells, mortgage origination stats, etc.

Read more!!

2021 Appraiser Fee Survey

2021 Appraiser Fee Survey

By Isaac Peck
Excerpt: The 2021 Appraiser Fee Survey includes 365 Metropolitan Statistical Areas (MSA), as defined by the U. S. Census Bureau, with rural areas included by state. The survey includes eight different appraisal products, including reviews and FHA appraisals, and addresses turn times, to offer insight into that controversial topic by area.
To check out the very detailed report for your MSA, click here
My comments: Lots of info by MSA! I got this info Wednesday and did not have time to look at it in detail.
Raise Your Fees, especially if working for AMCs!! Before AMC broadcast bids looking for the lowest fee, appraisal fees did not change much when volume changed. Since 1986 direct lender fees went up gradually. In my area, fees were about $250 in 1986 for SFR. Now fees have gone up to about $450 – $550 for regular long-time lender clients (and local AMCs). National AMCs are not loyal. Direct lenders can be loyal.
Fascinating and very comprehensive results by state and MSAs. I hear a lot about lenders and borrowers complaining about high appraisal fees. But in my area fees are not that high per the survey. I hear regularly about desperate AMCs who will pay $1,000 or more for appraisals. Appraisers are deluged with AMC appraisal requests, which are often deleted unopened of course. I also hear that sometimes the fee to the appraiser is much lower than the AMC fee.

Appraisal Business Tips 

Humor for Appraisers

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, bias, fees, non-lender appraisals, UAD, Fannie Update, mortgage origination stats, etc.

Read more!!

7 Things to Watch in your Appraisal Market

Seven things to watch in real estate during a pandemic

April 14, 2020 By Ryan Lundquist

Excerpts:

1) Listings: We often think about listings increasing as a way to see the market changing, but right now many markets across the country are seeing fewer new listings. So at times change is best seen with less of something rather than more. It’s not a surprise to see fewer new properties during a pandemic, right?…

7) Prices: In real estate we are so obsessed with prices, but that’s really the last place to look to see the market. What I mean is change happens first in the areas above before showing up in sales stats a couple months down the road. In short, for now the slower pandemic trend hasn’t infiltrated sales price figures as of yet in Sacramento. This doesn’t mean the market is stable in every price range and location. All I’m saying is regional and county stats don’t show price declines right now. Normally I pull monthly price data, but I’ve switched to weekly in order to see the trend sooner rather than later.

To see the other 4 factors plus lotsa graphs and many appraiser comments , click here

Appraisal Humor

Appraisal business tips

Pandemic and market for buyers and sellers: Appraisals(Opens in a new browser tab)

Very, very funny appraisal video!!(Opens in a new browser tab)

To read about lots more appraisal topics, continue reading below!

Read more!!

Appraising the White House

18 Historic Homes that Would Be Fascinating to Appraise

Excerpt: Historic homes make for complex and interesting appraisal subjects. As one appraiser said, “I love unusual properties, and the challenge they present to appraise. I have always loved appraising large, older properties. They take us back to another world back in time.” We recently asked our appraisal community, “What famous historic home would you want to appraise?” Here’s what they said.
A few of the homes:
Frank Lloyd Wright’s Fallingwater
The White House
Norman Bates “Psycho” House
Graceland
To read the full list plus many comments click here
My comment: For me, none of the above ;> Too difficult!

Appraising Weird Stuff is Challenging!

To read more of this long blog post, click Read More Below!!

News: 1004MC not required by Fannie

Bye-bye 1004MC, Hello Analysis

By Rachel Massey, SRA, AI-RRS
Excerpt: What does this mean to the residential practitioner operating in the mortgage space? It means that the requirement for analyzing the market remains, and it is now up to the practitioner to support their opinion, without the benefit of a flawed format. Appraisers can now choose how they present their analysis, which may include multiple sources to support an opinion. Fannie Mae is clear that the one-unit housing trends section should reflect properties that are directly competitive with the property being appraised. The following information relates to several different ways to support trends, but is not an exhaustive list.

Read the full article here:

My comment: FHA and VA still require 1004mc, plus some lenders and AMCs. Freddie is expected to drop the requirement.

Appraisal Business Tips 

Humor for Appraisers

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this 8-16-20 long blog post with many topics, click Read More Below!!

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Read more!!

4-20-17 Newz//Ocwen Sued, ASA+NAIFA, Dog Mansions, Real Estate Holdout

Take Pet Pampering to the Next Level with These Fabulous Dog Houses

Just For Fun!!

Excerpt: Dog owners are infamous for providing their furry ones with a better lifestyle than their own. For instance, you might recall the time Paris Hilton had a replica of her mansion done for her pet Chihuahua.
We don’t need to go there, but there are definitely plenty of crazy options in the market. Who knows, one of them might catch your fancy.
Check out Mediterranean Villa, Victorian and 2 Mansions.

My comment: check out the fotos!! Wonder what my cat would think about these Dog Houses? I need a Big Cat House, way up high on a pedestal, with mice ;>

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Pets and Homebuying – Animals are family members

2017 NAR survey
Excerpts:
Among pet-owning homeowners who responded to NAR’s survey, 99 percent said they did indeed view their animals as a family member… Eighty-nine percent said they would not give up their pet in deference to housing restrictions or limitations. Nineteen percent said they would consider moving to accommodate their pet, and 12 percent said they have actually done so.

Read more!!

8-25-16 Newz://What are C&R fees when fees are changing?, 8 colorful cities, Flooded appraiser donations

Donation Fundraising for Louisiana Appraisers

Thanks (again) to Dave Towne for this info!!

Excerpt:

The Louisiana Real Estate Appraisers Coalition (LAREAC) has started a fund raising campaign using PayPal, which will be used to equally provide donated funds to affected appraisers who are suffering as a result of the massive flooding last weekend. PayPal is being used because its administrative fee is less than another more-well-known crowd funding web site.

There are approximately 8-10 presently known appraisers who have had their homes nearly destroyed in the flood.

http://appraisersblogs.com/donation-disaster-louisiana-appraisers

My comment: last week I wrote about donations to Bill Cobb, whose house was flooded. It is great that this donation method is done also.

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8 Colorful Cities that Look Like They Were Designed by Crayola

See the world in a whole new light through these vibrant locales.

Just for Fun!!!

Excerpt:

Many cities are known for their distinctive profiles and unique landmarks, but all across the globe there are regions that are landmarks in and of themselves thanks to their insane colorations. From a all-blue town in Spain that is a leftover from a Smurf marketing stunt, to a Venetian island that looks as though it was born of an intense acid trip, some of the most colorful locations in the world aren’t the biggest, just the most eye-popping. Check out eight cities and towns that offer vibrantly colorful views which are just as unforgettable as any big city skyline.

My comment: None are in the U.S. Too conservative I guess…

Great article with lots of photos and comments!!

http://www.atlasobscura.com/articles/8-colorful-cities-that-look-like-they-were-designed-by-crayola

Read more!!

How do you normally prefer to get most of your CE credit?

How do you normally prefer to get most of your CE credit?
My comments: I have always wondered about this. I started long before online classes were available. I have lots of CE available where I live, so have always taken live classes. I also like to hear about local issues. I seldom take online classes. But, I sometimes take like “synchronous” classes that are “live”, which I do like. I regularly take webinars, but many don’t offer CE credit.

4-14-16 Newz .Bad Banks .10 Very special homes .Future of appraising

Poll: Generally speaking, how accurate do you find MLS data in your area?

 

This week’s poll: “Now that we have been living for some time with all the new rules governing residential appraisal, do you still enjoy doing the actual appraisal work?” Go to www.appraisalport.com and vote!!

My comments: I have no idea why so many people think that MLS data is correct!! Of course, it does vary a lot among MLSs. In my area it is “reasonably accurate”, except public records data is often used (and the source disclosed). For example, on the weekly open house tour last week, an agent had 2 bedrooms in the listing, because “that is what public records says”. The second bedroom was tandem with another bedroom and very small. We all know how (inaccurate) public records are. Somehow, everyone, including some appraisers, think it is accurate. Or, worse, try to make their appraisals match public records to avoid callbacks.

To make a comment, scroll down to the post below and read other appraisers’ comments and post your own!!

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10 homes that changed America (PBS – April, 2015)

Excerpt: In its 10 Homes That Changed America, a three-part series, PBS discusses the many ways that America has been shaped by its iconic and important architecture. According to series host Geoffrey Baer, narrowing the millions of houses across America down to ten examples was a challenge. The tv show tours the ten homes that have not only passed the test of time but also paved the way for those that followed.

Here are a few, with photos and brief descriptions at the link below:

– Taos Pueblo, New Mexico (circa 15th century)

– Glidehouse, Novato, California (2004)

– Mid-19th Century Tenement, New York City

http://www.architecturaldigest.com/gallery/tour-10-homes-changed-america-pbs

My comment: Fascinating!! The first one of the 3-part series has already aired. Be sure not to miss the rest. I will let you know when the first one is available for viewing online.

Read more!!