Possibly the most widely acknowledged professional real
estate appraisal institution is the Appraisal Institute.
Not exact matches
Produced in conjunction with Miller Samuel, a leading independent
appraisal firm, our market report series is the benchmark for residential real
estate market information and an essential reference source for consumers, the media, financial
institutions, government agencies, researchers and other market professionals.
(Sec. 299A) Amends the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989 to require standards for the performance of real
estate appraisals in connection with federally related transactions to include a standard that requires, in determining the value of a property, consideration of any renewable energy sources for, or energy efficiency or energy - conserving improvements or features of, the property.
Associated with or employed by a real
estate mortgage lending
institution; real
estate appraisal office; real
estate property management company and or is a municipal assessor.
A financial
institution may also go beyond the requirements of the agencies» regulations to require an
appraisal in certain instances (e.g., when the
institution's portfolio risk increases, on higher - risk real
estate - related financial transactions, etc.).
«For commercial real
estate transactions with a value at or below the proposed threshold, the amended rule would require
institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the
institution does not obtain an
appraisal by a state certified or licensed appraiser.»
Because many states, federal agencies and financial
institutions require the assignment of a portion of
appraisal work to qualifying minorities, women and persons with disabilities (and / or minority - and women - owned businesses), the
Appraisal Institute's Diversity Committee has compiled this Directory of Minority and Women Real
Estate Appraisers.
The Federal Reserve has recently reiterated that «financial
institutions must have an effective, independent real
estate appraisal and evaluation program,» and that appraisers performing reviews should «have the knowledge and expertise to assess compliance with the Federal Reserves
appraisal regulations and guidelines.»