Tag Archives: appraisal

‘The appraisal process is an absolute joke’: The Real Word

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On this week’s TRW: Find out what Byron Lazine and Nicole White have to say about the future of appraisals, incentive-based recruiting and this week’s Left, Middle, Right. Continue reading →

Nationwide appraisal ethics rule changes postponed until 2024

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The Appraisal Foundation’s Appraisal Standards Board says it needs more time to assess proposed changes designed to close the door to discrimination. Continue reading →

Rate Drop Advantage program offers homebuyers a break on refis

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If rates come down in the next three years, Rocket Mortgage’s program will cover some refinancing costs including first appraisal, credit report, tax certification and the mortgage recording fee. Continue reading →

How to help a homebuyer sweeten an offer — without going too far

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Contingency clauses are there to protect buyers and shouldn’t be dropped lightly. Here’s how agents can help advise clients navigating the tricky situations that offer-sweeteners can create. Continue reading →

‘Caste’ author: Sordid history of unfair housing cannot be left as-is

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Isabel Wilkerson urged attendees at the Realtors Legislative Meetings at NAR midyear to roll up sleeves and fix the consequences of past racist policies without guilt, shame, blame or emotion. Continue reading →

As mortgage lenders’ costs rise, so do homebuyers’ closing costs

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Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading →

‘Bias has no place in appraisal’: Appraisal Institute president

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Appraisal Institute’s president Rodman Schley is addressing unconscious bias, amping up diverse recruiting and partnering with others who are also working to do what is right. Continue reading →

Appraisal licensing controversy engulfs South Dakota governor

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Gov. Kristi Noem has been accused of committing an “abuse of power” while her daughter was trying to become a licensed appraiser. Continue reading →

Landmark study confirms troubling ‘appraisal gap’ in minority enclaves

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Mortgage giant Freddie Mac’s analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias. Continue reading →