Appraiser Talk com: Appraiser Talk com

Announcements

• 16 March 2011 - 12:33 PM
• In: “Appraiser Talk com”; Succe...
• By: UAofA_org_News 

Member Feedback

Let us know how we are doing, how to improve our products and services and any website technical, grammar, punctuation and capitalization errors.

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Members Please Read

• 23 June 2011 - 02:56 AM
• In: Explanation - New User Regi...
• By: admin 

Member Polls

Take a poll and/or leave a poll.

• 07 June 2011 - 08:37 PM
• In: Protected Forum
• By: behappybob 

Practice Forum

A practice forum.

• 06 March 2011 - 04:23 PM
• In: Title of New Topic #2 (No P...
• By: behappybob 

U.S. State Specific Forums

Subforums:

1. Alabama
2. Alaska
3. Arizona
4. Arkansas
5. California
6. Colorado
7. Connecticut
8. Delaware
9. Florida
10. Georgia
11. Hawaii
12. Idaho
13. Illinois
14. Indiana
15. Iowa
16. Kansas
17. Kentucky
18. Louisiana
19. Maine
20. Maryland
21. Massachusetts
22. Michigan
23. Minnesota
24. Mississippi
25. Missouri
26. Montana
27. Nebraska
28. Nevada
29. New Hampshire
30. New Jersey
31. New Mexico
32. New York
33. North Carolina
34. North Dakota
35. Ohio
36. Oklahoma
37. Oregon
38. Pennsylvania
39. Rhode Island
40. South Carolina
41. South Dakota
42. Tennessee
43. Texas
44. Utah
45. Vermont
46. Virginia
47. Washington
48. West Virginia
49. Wisconsin
50. Wyoming

• 15 March 2011 - 06:04 PM
• In: Protected Forum
• By: behappybob 

U.S. Territory Specific Forums

Subforums:

1. District of Columbia
2. Guam
3. Mariana Islands
4. Puerto Rico
5. Virgin Islands

• 13 March 2011 - 03:56 PM
• In: Protected Forum
• By: UAofA_org_Manager 

2010-2011 Changes

Subforums:

1. Definition of Signature
2. Definition of Jurisdictional Exception
3. Definition of Assignment
4. The ETHICS RULE
5. The COMPETENCY RULE
6. The JURISDICTIONAL EXCEPTION RULE
7. STANDARD 3, Appraisal Review, Development and Reporting
8. 2010-2011 Changes: Other (not otherwise listed)

• 18 March 2011 - 01:12 PM
• In: Protected Forum
• By: UAofA_org_Manager 

Standards and Standards Rules

Subforums:

1. Standard 1: Real Property Appraisal, Development
2. Standard 2: Real Property Appraisal, Reporting
3. Standard 3: Appraisal Review, Development and Reporting
4. Standard 4: Real Property Appraisal Consulting, Development
5. Standard 5: Real Property Appraisal Consulting, Reporting
6. Standard 6: Mass Appraisal, Development and Reporting
7. Standard 7: Personal Property Appraisal, Development
8. Standard 8: Personal Property Appraisal, Reporting
9. Standard 9: Business Appraisal, Development
10. Standard 10: Business Appraisal Reporting
11. Standards and Standards Rules: Other (not otherwise listed)

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Statements

Subforums:

1. (SMT-2) Discounted Cash Flow Analysis
2. (SMT-3) Retrospective Value Opinions
3. (SMT-4) Prospective Value Opinions
4. (SMT-6) Reasonable Exposure Time in Market Value Opinions
5. (SMT-9) Identification of Intended Use and Intended Users
6. Statements: Other (not otherwise listed)

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Advisory Opinions

Subforums:

1. (AO-1) Sale History
2. (AO-2) Inspection of Subject Property
3. (AO-3) Update of a Prior Appraisal
4. (AO-4) Standards Rule 1-5(b)
5. (AO-7) Marketing Time Opinions
6. (AO-9) Appraisal of Real Property Impacted by Environmental Contamination
7. (AO-11) Content of the Appraisal Report Options of Standards Rules 2-2 and 8-2
8. (AO-12) Use of the Appraisal Report Options of Standards Rules 2-2 and 8-2
9. (AO-13) Performing Evaluations of Real Property Collateral to Conform with USPAP
10. (AO-14) Appraisals for Subsidized Housing
11. (AO-16) Fair Housing Laws and Appraisal Report Content
12. (AO-17) Appraisals of Real Property with Proposed Improvements
13. (AO-18) Use of an Automated Valuation Model
14. (AO-19) Unacceptable Assignment Conditions
15. (AO-20) Appraisal Review that Includes Reviewer's Opinion of Value
16. (AO-21) USPAP Compliance
17. (AO-22) Scope of Work in Market Value Appraisal Assignments
18. (AO-23) Identifying the Relevant Characteristics of the Subject Property
19. (AO-24) Normal Course of Business
20. (AO-25) Clarification of the Client in a Federally Related Transaction
21. (AO-26) Readdressing (Transferring) a Report to Another Party
22. (AO-27) Appraising the Same Property for a New Client
23. (AO-28) Scope of Work Decision, Performance and Disclosure
24. (AO-29) An Acceptable Scope of Work
25. (AO-30) Appraisals for Use by a Federally Regulated Financial Institution
26. (AO-31) Assignments Involving More than One Appraiser
27. (AO-32) Ad Valorem Property Tax and Mass Appraisal Assignments
28. Advisory Opinions: Other (not otherwise listed)

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USPAP: An Open Conversation

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Lawsuits & Court Decisions

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Licensing, Certification & State Boards

Appraisal trainee. State licensed. Certified residential. Certified general. How to become an appraiser. Preparing for examination & license upgrade. Reciprocity. State boards. State board actions against appraisers.

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Media Coverage of the Appraisal Profession

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Salary & Compensation

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The Good

AMC regulation. AMC, you‘re fired! Appraiser directories. Appraiser independence. Appraiser qualifications. How to improve the appraisal profession. Professional standards of practice. Standards for professional competence and conduct.

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The Bad

Appraisal management companies. Automated valuation models (AVM). Broker price opinion (BPO). Comp checks. Data mining. Decreasing number of appraisers. Demise of the appraisal profession. Indemnification provision in AMC agreements. Lender & loan officer pressure. Scope creep. Unacceptable appraisal practices.

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Assignments & Employment

Subforums:

1. Assignments & Employment Available
2. Assignments & Employment Wanted

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The Appraisal Profession: An Open Conversation

• 06 June 2011 - 09:34 PM
• In: Protected Forum
• By: behappybob 

Advanced Appraisal Disciplines

Subforums:

1. Appraisal Review
2. Appraiser as an Expert Witness
3. Business Valuation
4. Commercial & Industrial Appraising
5. Machinery & Equipment Appraising
6. Manufactured (modular) Housing
7. Mass Appraisal
8. Personal Property Appraising
9. Advanced Appraisal Disciplines: Other (not otherwise listed)

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Appraisal Principals

Subforums:

1. Appraisal Math & Statistics
2. Economic Characteristics of Value
3. Economic Principals of Value
4. Estates in Land (bundle of rights)
5. Forms of Property Ownership
6. Forces on Real Estate Value
7. Fundamental Conditions of Market Value
8. Governmental Powers (control of land use)
9. Highest and Best Use
10. Land & Site Valuation
11. Legal Descriptions
12. Liens & Judgments
13. Real Estate Taxes
14. Recording of Title
15. Restrictions, Easements & Encroachments
16. Transfer of Title
17. Types of Value
18. Appraisal Principals: Other (not otherwise listed)

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Environmental Issues Affecting the Appraisal of Real Estate

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Valuation Approaches & Reconciliation

Subforums:

1. Business Valuation
2. Cost Approach
3. Gross Rent Multiplier Approach
4. Income Capitalization Approach
5. Sales Comparison Approach
6. Reconciliation
7. Valuation Approaches: Other (not otherwise listed)

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The Art & Science of Appraising: An Open Conversation

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Your Appraisal Company Forums

Subforums:

1. Business Forms
2. Day to Day Operations
3. Digital Technology
4. Financial
5. Insurance
6. Legal
7. Marketing
8. Owner Responsibilities
9. Your Appraisal Company: Other (not otherwise listed)

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Your Appraisal Company: An Open Conversation

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Hardware Forums

Subforums:

1. Desktop & Laptop Accessories
2. Desktops, Workstations & Servers
3. Digital Cameras & Recorders
4. Gaming Consoles & Accessories
5. Home Security & Surveillance
6. Laptops, Handhelds, Tablets & Netbook PCs
7. Mobile Phones, Phone Systems & Voice over Internet Protocol (VOIP)
8. Personal Electronic Devices
9. Printers & Ink
10. Scanners, Projectors & Fax Machines
11. Storage, Networking & Wireless
12. TVs & TV Accessories
13. Hardware: Other (not otherwise listed)

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Software Forums

Subforums:

1. Appraisal
2. Business & Home Office
3. Gaming
4. Operating Systems
5. Personal Finance & Tax Preparation
6. Photo, Video & Design
7. Security & Utilities
8. Software: Other (not otherwise listed)

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Technology: An Open Conversation

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Appraisal Forms & Addendums

Subforums:

1. Uniform Residential Appraisal Report (1004)
2. Manufactured Home Appraisal Report (1004C)
3. Appraisal Update and/or Completion Certificate (1004D)
4. Market Conditions Addendum (1004MC)
5. Single Family Comparable Rent Schedule (1007)
6. Small Residential Income Property Appraisal Report (1025)
7. Individual Condominium Unit Appraisal Report (1073)
8. One-Unit Residential Appraisal Field Review Report (2000)
9. Exterior-Only Inspection Residential Appraisal Report (2055)
10. Desktop Underwriter Qualitative Analysis Appraisal Report (2065)
11. Loan Prospector Condition and Marketability Report (2070)
12. Desktop Underwriter Property Inspection Report (2075)
13. Individual Cooperative Interest Appraisal Report (2090)
14. Operating Income Statement (216)
15. Employee Relocation (ERC)
16. General Purpose (GP)
17. Appraisal Forms & Addendums: Other (not otherwise listed)

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Types of Appraisal Reports

Form reports. Narrative reports. Oral reports. Self-contained appraisal report. Summary appraisal report. Restricted use appraisal report.

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The Fine Print

Scope of work. Intended use. Intended user. Definition of market value. Statement of assumptions and limiting conditions. Appraiser's certification. No services regarding the subject property within the prior three years.

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Supervisory Appraiser

Supervisory Appraiser Certification. Did not inspect subject property. Did inspect exterior of subject property from street. Did inspect interior and exterior of subject property. Did not inspect exterior of comparable sales from street.
Did inspect exterior of comparable sales from street

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Appraisal Workfile

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The Appraisal Report: An Open Conversation

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Software Reviews

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Software User Groups

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Software for the Appraisal Industry: An Open Conversation

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Appraisal Education (primary, continuing & USPAP): An Open Conversation

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Errors & Omission Insurance (E&O): An Open Conversation

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Professional Associations (memberships & designations): An Open Conversation

American Society of Appraisers. American Society of Farm Managers and Rural Appraisers. Appraisal Institute. Foundation of Real Estate Appraisers. Institute of Business Appraisers. International Association of Assessing Officers. International Right of Way Association. International Society of Appraisers. Massachusetts Board of Real Estate Appraisers. National Association of Independent Fee Appraisers. National Association of Mater Appraisers. National Association of Real Estate Appraisers. National Residential Appraisers Institute. National Society of Real Estate Appraisers, Inc. United Appraisers of America org.

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Construction of Real Estate Forums

Subforums:

1. Brick & Stone Masonry
2. Carpentry & Joinery
3. Doors & Windows
4. Electrical & Lighting
5. Floors, Walls, Ceilings & Molding
6. Foundations & Concrete Applications
7. Heating, Ventilation & Air Conditioning (HVAC)
8. Insect, Water & Fire Protection
9. Kitchen & Bathroom Remodeling
10. Lintels & Arches
11. Plastering, Painting & Pointing
12. Plumbing & Sewerage
13. Porches, Decks, Patios, Pools & Fences
14. Roofs, Roof Coverings, Flashing & Insulation
15. Safety, Inspections, Codes & Drawings
16. Site Preparation
17. Stairs, Elevators & Lifts
18. Steel Construction & Welding
19. Construction of Real Estate: Other (not otherwise listed)

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Construction of Real Estate: An Open Conversation

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Real Estate Finance Principals

Cost of capital, equity & borrowed capital. Benefits & measuring of financial leverage. Risk and return. Mortgage yields. Present value & net present value. Internal rate of return. After-tax cash flows from operations & disposal. Amortization & negative amortization

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Mortgage Clauses & Covenants

Acceleration clause. Alienation clause. Assignment of mortgage. Assumption clause. Conversion clause. Defeasance clause. Deficiency judgment. Equitable right of redemption. Escrow covenant. Foreclosure. Judicial foreclosure. Nonjudicial foreclosure. Strict foreclosure. Deed in lieu of foreclosure. Hypothecation. Insurance covenant. Partial release, satisfaction or conveyance clause. Power of sale clause. Prepayment clause. Satisfaction of mortgage. Statutory right of redemption. Subordination clause. Title, lien & intermediate theory.

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Mortgage Lenders, Bankers & Brokers

Major mortgage lenders & other sources of third-party loans.

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Mortgages & Interest Rates

Adjustable rate mortgage. Balloon mortgage. Bimonthly mortgage. Biweekly mortgage. Bridge loans. Commercial mortgage. Equity mortgage loan. FHA mortgage insurance backed mortgage. Fixed rate mortgage. Interest only mortgage. Mortgage buy-down. Option ARMs. Revere mortgage. Streamlined-K mortgage loans. Sub-prime mortgage. USDA rural development guaranteed housing loan. VA home mortgage. Zero-down payment mortgage. Usury. In arrears & in advance. Discount points. Investor yield.

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Mortgage Fraud & Predatory Lending

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Mortgage Underwriting

Appraised, transaction & owner estimated values. Automated mortgage underwriting. Conditions to close & clear to close. Conforming vs. non-conforming. Credit, capacity & collateral. Credit history. Creditworthiness. Debt to equity ratio. Down-payment. FICO score. Full doc, stated income & no doc. Gifts & grants. Income tax returns, form W-2 & bank statements. Loan to value ratio. Mortgage application. Mortgage lender settlement fees. Net worth. Private mortgage insurance payment (PMI). Reserve assets. Trans Union, Equifax & Experian.

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Real Estate Finance: An Open Conversation

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Real Estate Brokerage Principals

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Real Estate Closings

Accrued & prepaid items. Application, appraisal, assumption & attorney’s fees. Assumed mortgage. Buydown fee. Closing statement. Commitment, conveyance & credit report fees. Document preparation fee. Earnest money. Escrow agent. Filling fees. Final walk through. Fuel on hand. Good-faith estimate. IRS form 1099-S. Loan origination fee. Mortgage reduction certificate. Notary fees. Paid outside closing. Payoff statement. Prorated fuel & utility bills. Recording charges. Settlement & survey fees. Tax & insurance reserves. Tax stamps. Title examination fee. Transfer tax. Underwriting fee. Uniform Settlement Statement (HUD-1). VA funding fee.

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Real Estate Contracts

Acceptance. Assignment & novation. Bilateral & unilateral contracts. Breach of contract. Commingling & conversion. Compensatory damages. Consideration. Contingencies. Counteroffer. Disclosures. Earnest money deposits. Executed & executory contracts. Express & implied contracts. Installment contract. Land contract. Liquidated damages. Mutual agreement. Offer to purchase real estate. Offer & acceptance. Option. Partial performance. Revocation. Right to forfeit. Right of rescission. Statute of limitations. Substantial performance. Statute of frauds. Suit for specific performance. Time is of the essence. Unenforceable contracts. Valid, void & voidable.

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Real Estate Leases

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Real Estate Brokerage: An Open Conversation

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Property Management: An Open Conversation

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Real Estate Investment: An Open Conversation

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Acts, Agreements, Laws & Regulations

Subforums:

1. Uniform Appraisal Dataset (UAD)
2. Customary & Reasonable Fees
3. Dodd-Frank Wall Street Reform and Consumer Protection Act
4. Home Value Code of Conduct (HVCC)
5. American Recovery and Reinvestment act of 2009
6. Housing and Economic Recovery Act of 2008
7. Troubled Assets Relief Program
8. Emergency Economic Stabilization Act of 2008
9. Gramm-Leach-Bliley Act
10. Taxpayer Relief Act of 1997
11. Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA)
12. Title VIII of the Civil Rights Act of 1968 (Fair Housing Act)
13. Acts, Agreements, Laws & Regulations: Other (not otherwise listed)

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U.S. Government Agencies

Subforums:

1. Appraisal Subcommittee (ASC)
2. Department of Housing & Urban Development (HUD)
3. Fannie Mae & Freddie Mac
4. Federal Emergency Management Agency (FEMA)
5. Federal Housing Administration (FHA)
6. Internal Revenue Service (IRS)
7. The Appraisal Foundation (TAF)
8. United States Federal Reserve System (FED)
9. Department of Veterans Affairs (VA)
10. U.S. Government Agencies: Other (not otherwise listed)

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Historic Events of the U.S. Economy

Stock market crash of 1929. The great depression. New deal. Great society. Black Monday. Dot com bubble of 1995-2001. Commodities boom of the early 2000's. Housing bubble of 2001-2005. Subprime mortgage crisis of 2007. The great recession. Bailout of the US financial system of 2008. Rise in oil prices since 2003. United states bank failures of 2008-2011. Federal Reserve bailout of AIG. Automotive industry crisis of 2008-2009. Global financial crisis 2007-2010. Bankruptcy of Lehman Brothers. Bear Stearns subprime mortgage hedge fund crisis. Federal takeover of Fannie Mae & Freddie Mac. Home foreclosure crisis of 2010.

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U.S. Economy

Gross domestic product (GDP). Unemployment rate. National debt. Labor unions. Decreasing saving rates. Consumer & government spending. Health care. US dollar vs. euro. Foreign investments. Retiring baby boomers. Social security & Medicare liability. American labor market. Immigration. Net migration rate. Population. Wages. Median household income. Standard of living. Discretionary income. Household debt. Retail, energy, agriculture, manufacturing, finance, & taxation. Federal budget. Wealth & poverty.

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U.S. Housing Market

Absorption of new multifamily units. Builders’ view of housing market activity. Case-Shiller home price index. Construction starts of new housing. Existing home sales. Expectations of future sales activity. Housing affordability ratio. Housing market index. Housing units under construction. Housing units completed. Manufactured home placements & shipments. Median asking rent for apartments. Median price of existing homes. Median price of new homes. Months’ supply of unsold homes. New home sales. Permits for new construction. Prospective buyer traffic.

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U.S. Monetary Policy

Central Bank. Money supply. Size and rate of growth of the money supply. Buying & selling securities. Discount rate. Reserve requirement. Open market operations. Short term interest rates. Long term interest rates. Federal funds rate. Cost of capital. Inflation. Money creation. Private commercial banks. Core deposits. US Treasury bonds. Yield curve. Risk free rate. Depression. Recession. Gold standard.

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United States of America: An Open Conversation

• 07 June 2011 - 12:52 PM
• In: Protected Forum
• By: behappybob 

Social Forums

Subforums:

1. Advice & Horoscopes
2. Airplanes, Boats, Cars & Motorcycles
3. Animals & Pets
4. Beer, Liquor & Wine
5. Books & Magazines
6. Camping, Fishing, Hunting & Firearms
7. Celebrity & Gossip
8. Dating, Love & Sex
9. Family & Relationships
10. Fashion, Beauty & Shopping
11. Food, Cooking, Chefs & Restaurants
12. Gear & Gadgets
13. Health, Medical, Exercise & Nutrition
14. Hobbies, Games & Puzzles
15. Home Decorating & Gardening
16. Hotel & Travel
17. Humor
18. Internet & Website
19. Law & Justice
20. Money & Second Career
21. Movies & Television
22. Music & Dance
23. News & Weather
24. Politics & Business
25. Schools, Colleges & Universities
26. Sports & Entertainment
27. Tools, How-to & Do-it-Yourself
28. Wedding, Pregnancy & Childcare
29. Social Forums: Other (not otherwise listed)

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Classifieds

Antiques. Appliances. Arts & crafts. Auto parts. Baby & kids. Barter. Beauty & health. Bikes. Boats. Books. Business. Cars & trucks. CDs, DVD & blue-ray. Cell phones. Clothing & accessories. Collectibles. Computer. Electronics. Farm & garden. Free. Furniture. Garage sale. General. Household. Jewelry. Materials. Motorcycles. Music. Instruments. Photo & video. Recreational vehicles. Sporting. Tickets. Tools. Toys & games. Video gaming. Wanted.

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Just Venting (moral support)

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Appraiser Social: An Open Conversation

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Miscellaneous Forum

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