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FAQs about Appraisal Institute New Year Sale December 2024 | Save 50% Coupon?

What's new at the Appraisal Institute?

The Appraisal Institute is proud to announce the thirteenth edition of The Appraisal of Real Estate, which provides answers to your questions and guidance on how to meet the new challenges facing valuation professionals. ...

What is a real estate appraisal?

An appraisal is an independent, unbiased estimate of value of real property. The appraiser is hired by a consumer or by a lender, such as a mortgage company or a bank, to analyze real estate for the purpose of estimating value. The lender then determines whether the property is worth enough to justify or support the loan which is being sought. ...

How do I contact a real estate appraiser?

For all Real Estate Appraiser matters, which includes applications, complaints, exams, verification of license, renewals and reinstatements, and general questions contact - [email protected] (Emilio Aviles). All are invited to join a webinar, entitled "Undervalued: The Impact of Appraisal Discrimination on New Jersey's Communities of Color." ...

When can a lender hire an appraiser?

The lender may hire an appraiser when the consumer is applying for a mortgage or home equity loan. The appraiser arrives at an appraisal that allows the lender to determine what amount can be loaned to the consumer, if any. Only licensed or certified appraisers are permitted to appraise real estate. ...

How did real estate listing prices change between February 2023 and March 2023?

Real estate listing prices changed between February 2023 and March 2023: prices of 1 bedroom properties increased by 8.2%, prices of 2 bedrooms properties increased by 3.9%, the cost of 3 bedrooms properties went up by 10.1%, prices of 4 bedrooms properties increased by 10.9%, 5 bedrooms properties became 37.4% more expensive. ...

How do racial disparities affect residential property appraisals?

Racial disparities in residential property appraisals, along with other discriminatory housing practices, contribute to the racial wealth gap, to segregated neighborhoods, and to inequality in homeownership rates, and impact our state in many more ways. ...