News & Updates
Appraiser Liability For Carbon Monoxide Detectors
An article was featured in the current issue of Working RE magazine that highlighted a current case where an appraiser is being sued after mistakenly identifying a carbon monoxide detector (it was actually a smoke detector) during an appraisal inspection. The home...
Registration now open for the 7 hour 2022-2023 AQB Approved USPAP course
Registration for our 7 hour 2022-2023 AQB Approved USPAP course is now live! The course will be held via Zoom on Saturday, November 12th from 8:00 am–4:30 pm with a 1 hour break. Register now to receive 7 hours CE credit and fulfill your USPAP update course...
DORA Appraiser Rule Review
DORA (the Colorado Department of Real Estate Appraisers) is soliciting feedback and suggestions from appraisers on current rules through 12/23/2022. The review will assess the continuing need for, the appropriateness, and the cost-effectiveness of the regulations....
2022-2023 AQB Approved USPAP Class
The NCAREA will host its annual 7 hour AQB Approved USPAP class in November. Stay tuned for details regarding the date, presenter and cost.
Do Appraiser Floor Plans Violate Copyright Law?
"Residential and commercial appraisers often create floor plans of the structures they appraise and include those plans in their reports. For some assignments, such as certain appraisals for loans sold to Fannie Mae and Freddie Mac, floor plans are an assignment...
The Odds of Regional Home Prices Dropping Over the Coming Year
We're already seeing the U.S. housing market slow down in the face of spiking mortgage rates. Mortgage applications are declining, fewer listings are getting multiple offers, and inventory levels are rising again. However, that's a deceleration—meaning prices are...
FHA Appraisal Updates: HUD Region VIII Commonly Noted Appraisal Deficiencies
Join us on Monday, June 13th from 7:00-9:00 PM via zoom for our June class titled "FHA Appraisal Updates: HUD Region VIII Commonly Noted Appraisal Deficiencies." HUD staff appraisers review appraisals for FHA forward mortgages, HECMs and REO properties to determine...
Blanket ADU Rezoning Approved For 3 Denver Neighborhoods
The three westside neighborhoods of Villa Park, Barnum and Barnum West join Chaffee Park, Sloan’s Lake and East Colfax in full rezoning. On Monday, Denver City Council approved the zoning changes, allowing the construction of the small backyard homes without...
Fannie Mae Appraiser Quality Monitoring (AQM)
As part of Fannie Mae’s efforts to promote quality in the loan origination process, Appraiser Quality Monitoring (AQM) was developed to provide appraisers and industry partners with actionable feedback to improve consistency, manage risk, and increase confidence in...
Third Denver neighborhood rezoned to allow “granny flats”
East Colfax is the latest neighborhood where homeowners in Denver will not have to seek city permission if they want to convert their garages into apartments or otherwise build second residences on their properties after the City Council on Monday voted to rezone...
Standardized Measurement Method for Appraisers
Real estate appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject...
Experts Predict What The Housing Market Will Look Like In 2022
Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs. A gradual uptick in mortgage rates will make affordability a top consideration for home buyers, especially the 45 million Millennials aged 26 to 35 who are at...
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