Appraisers are under a lot of scrutiny - from more intense training to increased regulation - and background checks present additional challenges for these professionals.
Small unmanned aerial vehicles, or drones, are slowly becoming a more common sight, and many professionals in the real estate industry are using these devices to revolutionize the sector.
Borrowers who have never had a real estate appraisal before may not be completely aware of what they can expect from the process.
With a general understanding of what makes an appraisal management company (AMC) different from an appraisal firm, one can begin to dig deeper into what defines an AMC.
Since the housing downturn, the term appraisal management company (AMC) has become a misused generic term in the residential real estate industry.
A lot of new oversight came to the housing industry following the mortgage crisis, and this includes the appraisal sector.
Regression analysis, a type of inferential analysis, is an evolving tool in determining home values, and technology makes this statistical tool easier to use.