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Real Estate Appraisal Review School

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gregb

Elite Member
Joined
Sep 3, 2011
Professional Status
Certified General Appraiser
State
California
Saw the link on the AQB website so did a cursory search of ffiec website. Have not found anything about residential reviews, it may be there.
 
Last edited:

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Saw the link on the AQB website so did a cursory search of ffiec website. Have not found anything about residential reviews, it may be there.

Oh come on Greg, a school for Residential Review? How boring would that be?

Besides the AMCs are "vetting" those appraisals and appraisers.

upload_2017-8-23_0-14-55.png


:ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO:


Do you really need a "school" to vet/review this type of "professional" work?

Oh but hey, I'm sure it made fee and turn time requirements.


Oh wait?

what was the method used to extract the depreciation????

Oh yeah, the "I was there and estimated it method."


:rof::rof::rof::rof::rof::rof::rof::rof::rof::rof::rof::rof:


.


.
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
And you know the really sad part about that piece of appraisal wizardry?

The county assessment, has a STEB Ratio of 25%

or in other words, for non-pennsylvanians, the assessment is 25% of the assessor's estimated market value.
so when you consider the property is just shy of 11 acres with a good quality (DER rating) cold water stream that is noted as having native fish,.....
Now doesn't that $33k sound silly to everyone? Even those who have never seen this land?

Review school, HA!

Appraisal Re-training sounds more like what is needed.

.
 
D

Deleted member 130081

Guest
Oh come on Greg, a school for Residential Review? How boring would that be?

Besides the AMCs are "vetting" those appraisals and appraisers.

View attachment 32923


:ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO:


Do you really need a "school" to vet/review this type of "professional" work?

Oh but hey, I'm sure it made fee and turn time requirements.


Oh wait?

what was the method used to extract the depreciation????

Oh yeah, the "I was there and estimated it method."


:rof::rof::rof::rof::rof::rof::rof::rof::rof::rof::rof::rof:


.


.

I really needed a laugh and this delivered big time. That thing is funny from the first sentence and just keeps getting better. The B rating from Marshall & Swift is a nice touch.
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
I really needed a laugh and this delivered big time. That thing is funny from the first sentence and just keeps getting better. The B rating from Marshall & Swift is a nice touch.

Oh come on.

Don't they send you some of these pieces of "Art" to review?
I'm making an entire collection of these things.

Got me a new business plan.

:D
 
D

Deleted member 130081

Guest
GSE Residential Appraisal Review School, Lesson #1 - Read the form instructions. Lesson #2 - Follow instructions. Ever spend time reviewing residential field reviews? Some (all too many actually) are as good as the report Marion posted. LOL. Ok, Ill go away now. I know this thing is about commercial stuff, but I couldn't help myself.
 
D

Deleted member 130081

Guest
Oh come on.

Don't they send you some of these pieces of "Art" to review?
I'm making an entire collection of these things.

Got me a new business plan.

:D

I charge too much for reviews. I wouldn't always have to if they would show me the report before I quoted the price, but it seems everyone wants a flat fee quote, so I quote the worst case and that doesn't always go ever well. So, I suppose its been awhile.
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
I charge too much for reviews. I wouldn't always have to if they would show me the report before I quoted the price, but it seems everyone wants a flat fee quote, so I quote the worst case and that doesn't always go ever well. So, I suppose its been awhile.


Ah HA!

This is PENNSYLVANIA.

We's gots laws!


§ 36.336. Requirements for solicitation or order of appraisals.

(a) An appraisal management company shall include in an order or order solicitation for appraisal services:

(1) The fee to be paid to the appraiser for the appraisal assignment.

(2) The terms for time of payment for appraisal services.

(3) The appraisal management company’s registration number.


No fee quoting. You tell us! Oh, wait a minute, does this sound like an anti-trust issue???

Naw,

Do you want to guess how many emails I have that don't meet the state law?????

Oh my!

:D
 
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