Greg davenport
Member
- Joined
- Mar 30, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Arkansas
I have always read Arkansas Business and thought they were a decent rag, then I find this little “news” story.
http://www.arkansasbusiness.com/article.aspx?aID=106192.49803.118330&cID=h
Executive Appraisals Finds What It's Worth
By Rachel Grant
6/30/2008
“Executive Appraisals appraises the values of both residential and commercial properties. Including the cost of computer equipment and licensure, Hill invested $3,000 to start the business and uses banks and mortgage companies as his major forms of advertising.”
All about a state LICENSED appraisers. NO mention is made of the LIMITS he has on what he can appraises.
Name Marcus Hill License Number SL 2749 Effective Date 10/26/2007 0:00:00
* State Licensed and Certified Residential appraisers performing appraisals on non-residential (i.e. commercial, farms, timberland, etc.) property types shall comply with the following limitations .
Federally Related Transactions: A state licensed/certified residential appraiser shall be limited to appraising a “transaction value” (loan value) of no more than $250,000.
Non-Federally Related Transactions: A state licensed/certified residential appraiser shall be limited to a “property value” of no more than $250,000
http://www.arkansas.gov/alcb/rulesandregs.pdf
[FONT="]I have to wonder how that limit impacts the readers of Arkansas Business?[/FONT]
http://www.arkansasbusiness.com/article.aspx?aID=106192.49803.118330&cID=h
Executive Appraisals Finds What It's Worth
By Rachel Grant
6/30/2008
“Executive Appraisals appraises the values of both residential and commercial properties. Including the cost of computer equipment and licensure, Hill invested $3,000 to start the business and uses banks and mortgage companies as his major forms of advertising.”
All about a state LICENSED appraisers. NO mention is made of the LIMITS he has on what he can appraises.
Name Marcus Hill License Number SL 2749 Effective Date 10/26/2007 0:00:00
* State Licensed and Certified Residential appraisers performing appraisals on non-residential (i.e. commercial, farms, timberland, etc.) property types shall comply with the following limitations .
Federally Related Transactions: A state licensed/certified residential appraiser shall be limited to appraising a “transaction value” (loan value) of no more than $250,000.
Non-Federally Related Transactions: A state licensed/certified residential appraiser shall be limited to a “property value” of no more than $250,000
http://www.arkansas.gov/alcb/rulesandregs.pdf
[FONT="]I have to wonder how that limit impacts the readers of Arkansas Business?[/FONT]
