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Posts Tagged ‘Appraisal Terms’

September 17, 2009 Appraisal Organizations Address Letter to the FHA

A number of appraisal organizations, including the Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers, released a memo to the Federal Housing Administration (FHA) regarding the Home Valuation Code of Conduct (HVCC) and FHA’s possible adoption of elements of [...]

February 18, 2009 Common Appraisal Definitions!

Additional Definitions and Terms From USPAP   Various terms are used throughout the appraisal report.  The following are definitions of the terms: ADVOCACY – Representing the cause or interest of another, even if that cause or interest does not necessarily coincide with one’s own beliefs, opinions, conclusions, or recommendations. APPRAISAL – (noun) The act or [...]