IRS Definition of FMR

[Kali the Boston Terrier]

Brian .. I fear we are seeing many that "think" they have a full and complete handle on thier job when in fact they havent expanded their business enough to even know the differences that exist.
Thats ok, let them turn in one of those forms to the IRS and then let the IRS tell the taxpayer they have rejected the appraisal. How happy do you think the client will be then.

A word to the wise ... if you dont know the differences in value definitions, the reasons for using different forms, the differences in reporting, .... stick with mortgage work ... diversity doesnt appear to be for you.

Couldn't agree more...frankly I cannot believe we have had this many thread postings about this topic...it appears rather basic.