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Due to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 licensed and certified real estate appraisers in the United States who are involved in a federally related transaction are required to follow federally accepted, uniform standards, known as USPAP, which are promulgated by the Appraisal Standards Board of the Appraisal Foundation. [2]
In April 2016, Amrock filed a lawsuit against the San Francisco-based analytics company HouseCanary, Inc. over a 2015 licensing deal for real estate appraisal software and misappropriation of trade secrets. [3] The Texas jury ruled in HouseCanary's favor in March 2018. [4]
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. A BPO is an informal appraisal. It is similar to doing a CMA ( Comparative Market Analysis ) but most times the real estate professional gets paid to do a BPO.
Texas voters in November overwhelmingly enshrined into law the $18 billion property tax relief plan that lawmakers passed, and in doing so, set the stage for a new election — three new ...
The Appraisal Foundation (TAF) is the United States organization responsible for setting standards for the real estate valuation profession. The organization sets the congressionally authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals.
Throughout 2021 — the time period reflected in your 2022 appraisal — the median home price in Tarrant County jumped 22% from $270,000 to $330,000, according to the Greater Fort Worth ...
Burroughs, whose firm practices real estate law, said it is common for the appraisal district to visit commercial properties, but he knows of only one instance when appraisers visited a home. But ...
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