What are the key differences with automated valuation model vs appraisal? (geowarehouseblog.ca)
At the May 2014 Board of Directors meeting, the Board approved an amendment to NAR's MLS Policy Handbook clarifying that MLSs are required to supply participants with the information necessary to create Automated Valuation Models. (nar.realtor)
The platform uses regression - based adjustments for location, time, and property characteristics, all while leveraging accurate automated valuation models (AVMs) and block - level valuation ranges to conduct automated checks of the final value. (rismedia.com)