Broker Resources

Can I Talk to the Real Estate Appraiser? (NCAR)

Can I Talk to the Real Estate Appraiser? (NCREC)

Why Engage a Professional Appraiser

A Guide to Understanding a Residential Appraisal | realtor.org – The Appraisal Foundation recently created this resource, “A Guide to Understanding a Residential Appraisal.” NAR, as a Sponsoring Organization of The Appraisal Foundation, has co-branded the brochure. It is available for REALTORS® to download and provide to their clients to help them understand the residential appraisal process. For more information on The Appraisal Foundation or to download more free publications, visit http://www.appraisalfoundation.org/

July Podcast: Appraiser Independence | realtor.org – REALTOR® Vic Knight, also licensed as an appraiser, discusses how real estate professionals can continue to work with appraisers following Dodd-Frank

Appraisal Management Company Q&A | realtor.org – An Appraisal Management Company (AMC) works with lenders and appraisers to facilitate the ordering, tracking, quality control and delivery of appraisal reports. An Appraisal Management Company (AMC) works with lenders and appraisers to facilitate the ordering, tracking, quality control and delivery of appraisal reports.

Residential Appraisal Process – FAQs for Agents | realtor.org – Looking for clarification regarding the residential appraisal process? This brochure will help you provide guidance to your clients about the appraisal process.

Background: NAR, Appraisals, and Appraisal Management Companies | realtor.org – Appraisals An appraisal is an opinion of value used for real-estate-related financial transactions. Appraisals are required by a state licensed or certified appraiser for most transactions above $250,000. An appraiser’s report will typically include the type of property inspection, approaches to value required, and any lender-specific requirements.

New NAR Guide Helps MLSs Highlight Green Homes and Features | realtor.org – NAR’s new Green MLS Implementation Guide helps multiple listing services promote the special features of green homes. NAR’s new Green MLS Implementation Guide helps multiple listing services promote the special features of green homes.

Realtors® Should Embrace Online Data, Educate Consumers about Valuations | realtor.org –  Realtors® have a responsibility to educate buyers and sellers about the different valuation models and data available. Realtors® have a responsibility to educate buyers and sellers about the different valuation models and data available.

 

Appraisal Tools

Resources for Agents

Residential Appraisal Process – FAQs for Agents – Frequently asked questions of the National Association of REALTORS® that will help you provide guidance to your clients about the appraisal process, including a downloadable tri-fold brochure. 

Guide: Understanding a Residential Appraisal – A co-branded brochure from The Appraisal Foundation and the National Association of REALTORS® helping clients understand the residential appraisal process. 

Common Myths about Appraisals in the Home Buying Process
An infographic outlining common myths about the appraisal process among lenders, borrowers, real estate brokers, and homebuilders.

Common Myths about Appraisals in the Home Buying Process – For Borrowers
An infographic outlining common myths about the appraisal process designed specifically for borrowers.

Webinar: Changes to Code of Ethics that Affect BPOs
A recorded webinar outlining updates to the Code of Ethics with information on how it affects BPOs

Legal Information

Understanding the Appraiser Regulatory System – A video series from The Appraisal Foundation outlining and explaining the elements of appraiser regulation.

Free Appraisal Requirement Information – A summary from the CFPB of the disclosure and delivery requirements for copies of appraisals and other written valuations under the Equal Credit Opportunity Act (Regulation B). 

Seller and Servicer Guides – A list compiled by NAR to help you navigate the Fannie Mae and Freddie Mac Seller/Servicer guides. 

The Historical Development of the Appraiser Regulatory System – A timeline developed by The Appraisal Foundation.

Field Guides and Toolkits

Valuation Matrix – Use this matrix for an explanation of the four most common valuation services used for real property transactions.

Green MLS Toolkit – A “green” Multiple Listing Service (MLS) system offers data entry fields to identify green features and certifications. This helps agents search for sustainable homes and properties, and allows builders and sellers to market their green endeavors.

Green MLS Implementation Guide – This guide, as well as the updated Green MLS Toolkit, provides a resource for consistent, “RETS-compliant” green fields in which to reflect the growing availability of high performance homes. The NAR Green REsource Council worked with the RESO Data Dictionary Working Group to produce these resources. 

Field Guide: Appraising a Real Estate Office – Whether you own a real estate firm or are thinking of buying or selling one, it’s important to know what the business is worth. These articles and studies can provide some insight into determining the value of a real estate firm and its assets.