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Real Estate Appraisal Between The Lines
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Real Estate Appraisal Between The Lines

Author: Brian C. Lee, Christian Kemp

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Brian Lee is an acclaimed real estate appraiser, broker, instructor, and construction expert with over 25 years of experience. He received his bachelor's degree in Finance and Real Estate from Indiana University. (GO Hoosiers!) After a disappointing attempt at being the next Jedi Master in the latest Star Wars movie, he discovered the "Force" was strong with him as a Real Estate appraiser and speaker.

Brian's knowledge and experience has taken him across the galaxy to train agents on topics including: real estate appraisal, agency, brokerage, business operations, contracts, and investing.

He loves helping agents provide value to their clients by adjusting agents' perception and knowledge of valuation, CMA prep, and appraisers. When Brian isn't yapping in front of an audience or assisting agents to achieve real estate mastery, he attempts to keep his wife happy and occasionally makes his kids laugh. (Jedi Mind Tricks don't work on the strong-minded.)

Real Estate Appraisal Between the Lines is all about helping agents understand the pieces and parts of the valuation process, appreciate why appraisers do what they do (besides make agents mad), and by providing tips to write a better CMA. Tune in every week for a new suggestion and an occasion dig at those pesky valuation experts.

Brian currently resides in the Indianapolis area, where he rides his Harley and builds LEGOs. Make your day legendary!
134 Episodes
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Episode 133 - Agents Doing The Appraiser's Job Desktop appraisals are becoming more prevalent and will only continue to grow in popularity in the lending world. How will this affect appraisers, agents, and your clients? Be ready to kick in some more work to help get that appraisal done, agents. The road ahead looks a little messy.   SHOW NOTES 03:00 – What is a desktop appraisal? 06:58 – How does the appraiser collect information about the property? 10:38 – What if the public information is not correct? 12:00 – Fannie Mae will require a floor plan sketch of the property showing interior walls with ingress/egress, interior doors, etc. 14:10 – What about liability concerns for agents and appraisers? 17:25 – Fannie Mae cares about their risk and their needs. They do NOT care about the borrower or any other party when accepting desktop reports. 21:05 – Ask your lenders how they are handling desktop appraisals so you can serve your buyer clients.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 132 - Tips to Prepare for the Slowdown The slowdown has started. Some of you may have been through this before, but most have not. Are you prepared? You business relies on several pieces that many owners do not take into account. This episode talks about a few items that get missed when you are busy such as budgets, saving, and marketing. There is never a bad time to start any of these. Let's get on them!   SHOW NOTES 00:50 – Is Brian in the Wizard of Oz? 02:15 – Economic cycles happen, and we can get through it. 03:50 – What have you done to prepare for the slowdown? 04:40 – Are you running your business like a business? 06:25 – Race to the bottom mentality. Don't drop your rates at the beginning. Look at other avenues first. 08:20 – Weathering the storms requires budgeting, saving, and marketing. 10:00 – Need to have at least 6 months of business expenses and 6 months of personal expenses saved. 12:00 – Always be marketing to new clients. Don't only market when are slow. Always be selling. 17:50 – Look for the opportunities as the market shifts. 19:20 – What are other appraisers and agents not doing? 20:35 – Join peer groups and hire a coach. 21:30 – Many agents and appraisers will drop out during the slowdown. Stick with it will benefit from a payoff.   SHOW LINKS Chris with CMP Appraisals - https://www.vabeachappraisals.com/   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 131 - Times Are Changing: Does Down Payment and Concessions Affect Value? The past two years have made selling real estate easy. Wait! That was easy, you ask? It was easy for listing agents to negotiate. Times are changing and negotiations are on their way back. Do you know how to navigate them? Make sure to ask the lender how they will address repairs, concessions, and down payment. The industry is working its way back to normalcy, are you ready?   SHOW NOTES 01:10 – Mark Skapinetz podcast, Contributory Value. 02:30 – Question from an agent: does down payment alter the value and repairs on a property? 05:50 – Buckle up, because the past few years of negotiating has been easy. We are getting back to normal. 08:20 – Cash equivalency and how it can affect the valuation. 11:30 – Appraiser is required to review and analyze the purchase contract. 13:30 – Loan type could affect issues regarding repairs, and condition ratings can also be a problem. 16:10 – Talk to the lender about the loan type, will lender have additional requirements, and how they will deal with contract concessions.   SHOW LINKS Mark Skapinetz podcast - https://podcasts.apple.com/us/podcast/contributory-value-with-mark-skap-skapinetz/id1494985230   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 130 - Is YOUR Market Increasing? Headlines and social media are showing all kinds of market changes. Good, bad, ugly – who knows? You do, if you perform your proper due diligence. Don't quote national and state statistics that are wrong and based upon data that may not be indicative of your local markets. Pay attention to the actual pieces that affect your market and be the expert.   SHOW NOTES 01:40 – Is YOUR market increasing? Talk of inflation, recession, etc. is driving people crazy. What is actually happening? 04:05 – News article about Indiana being the best state to weather a real estate market recession. 05:55 – What data is being used in the statistics? 07:00 – Will agents still claim markets are increasing like they did back in 2006 and 2007? Are you looking at national, state, or local markets? 09:30 – Example of agent looking at all properties for a condo valuation. 11:45 – Watch the number of showings in a market. 12:30 – How many multiple offers are you receiving? 13:00 – Watch the list price to sale price ratio. 14:20 – What are employers doing in your market? Hiring, firing, or laying people off? 14:40 – What are builders doing with buyer incentives and commission to agents.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
Episode 129 - Be Honest. Do Not Be Disingenuous We learned in elementary school that honesty is the best policy. It applies to the real estate world too. Work through solutions by being honest with appraisers, lenders, and agents to close the transaction. That transparency may help the other parties find a way to help work out issues. Hiding information, acting in a deceitful manner, or attempting to trick someone will not end well for your client.   SHOW NOTES 02:30 – CMA done for listing should be the same as a CMA for the purchase. 03:55 – Listing at one price, contract price is higher. Listing agent changes list price to match contract price and pends the property. Very deceptive. 07:35 – Describe your definition of an "update" to a property. 09:00 – Real estate professionals can collaborate in some way. Deceitful tactics are not respectful to the other professionals and the real estate community. 11:20 – Work together. We are each a piece of a puzzle that is being put together. 13:35 – When we don't work together, we look very poor and unprofessional to the public.   SHOW LINKS Stripes, "Lighten up, Francis." - https://www.youtube.com/watch?v=iN-aXzpQUdw   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 128 - Who is the Lender Looking Out For? Knowing how to protect your client and your business is critical to future success. Learn the steps and the processes the lender uses to underwrite the appraisal for your client, so your client can make informed decisions. Note: I can't believe how many times I used the phrase, "Throw them under the bus." Jeez!!  Ha!!  -Brian   SHOW NOTES 03:00 – Desktop appraisals, hybrid reports, and waivers. 06:20 – Lenders are making decisions based upon their risk analysis. They are not looking out for the borrower. 08:10 – An FHA appraisal report stays with a property for 180 as of July 2022. 11:35 – Underwriting rules that can affect the appraisal report. 14:55 – AMC, Appraisal Management Company. 17:25 – How do you handle this situation with your clients? 19:45 – Appraisers work with your lenders to poise your business for success and avoid liability. 21:10 – We are all in business and want to make money. Think about what banks are considering when they make money.   SHOW LINKS Mark Skapinetz - https://atlantapropertyappraiser.com/mark-skapinetz/   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
Episode 127 - Change Your Mind Brian is back!  What frustrates you may just be yourself. Open yourself to hearing other opinions and change your mind about your ingrained attitudes. The only way to effect a change is to have an understanding of the entire issue. Whether it be personal, business, appraisal, social issues, or anything, the only person you can change is yourself. Do that and find more happiness and success.   SHOW NOTES 00:30 – I'm back. 01:00 – THANK YOU to everyone that reached out and supported me. 02:15 – The podcast has focused on agents. Will continue to do so, but will give a voice to appraisers, lenders, and anyone else out there to be part of the "conversation". 04:15 – Change your mind. Song by Sister Hazel. 08:15 – Open yourself up to other viewpoints. 09:35 – Agents: appraisers have a viewpoint. Don't be mad, bitter, and ignorant. 11:05 – Appraisers: so many changes can bring you down but change your mind and be open to what is happening. 13:40 – Lenders: there is more than the underwriting overlays and the "black and white" book. 14:30 – Open your way of thinking to someone else. 15:15 – If you want to be a better agent, appraiser, businessperson, spouse, etc. listen to what others have to say.   SHOW LINKS "Change Your Mind" Sister Hazel - https://www.youtube.com/watch?v=Y944YxuE1OU   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 126 - Personal Responsibility Personal responsibility. We owe it to ourselves and those that we interact with. Two "events" happened recently, which has affected Brian and sharing can be cathartic and help with healing. How does this translate to you and your life, both personally and professionally.   SHOW NOTES 02:45 – Accusation of racism. 14:00 – Out of Order podcast is no longer happening. 17:40 – Translating Brian's recent issues can help agents in transactions and in their personal life. 19:05 – What will happen with the Between the Lines podcast? 21:15 – Thank you for your loyalty!   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 125 - Racial Bias in Appraisals with Guest Marcus Fillyaw Talking about a difficult topic is always tough. Racism and appraisal is certainly one of those topics. While it is tough to dicuss, and open, honest dialogue must take place if there is to be any solutions or understanding. In this episode, Brian invites Marcus Fillyaw to discuss racial bias and the appraisal industry. The start made both a little nervous, but in the end, they realized the differences really aren't that different. It is about understanding all around and not being afraid to have the talk.   SHOW NOTES 04:10 – Welcome to Marcus Fillyaw. 08:30 – What is an appraisal to a real estate agent? 09:45 – How does an agent handle a CMA? What pushback do you get from homeowners? 15:00 – What do the terms racist, racism, and biased mean? 19:50 – News and media sources suck and put their agenda and slant to sell their business. 21:00 – What are your proclivities and thoughts about different classes of individuals? 25:45 – Comment about Kamau Bell. 32:30 – In high profile cases of race and appraisal, where is the truth? Is there something else that affected the values? 42:30 – An appraisal is an opinion of value and there is almost always a range of value between practitioners. 47:35 – Appraisers don't look for black communities to make comparisons. 54:35 – What is driving the increases in claims of racism in appraisal? 59:40 – People are more exposed to the stories so they might think the problems are happening to them. 1:01:35 – Appraisers commonly make people mad because we don't get the value number the owner wants. However, it is not based upon race. 1:03:10 – Appraisers report the market. They do not make the market. There is not a systemic issue in the appraisal industry. 1:05:40 – The bigger issue is more about the incompetence of one of the appraisers in the value disparities. 1:09:10 – Education is one way to change the narrative and help everyone understand what is happening. 1:10:35 – Agents can help educate the public by teaching and helping their clients understand the process. 1:16:45 – Challenge yourself to seek out the entirety of any story. Don't just read the headlines or listen to one news source. 1:18:50 – Last words of wisdom from Marcus.   SHOW LINKS Marcus Fillyaw - https://www.remax.com/real-estate-agents/marcus-fillyaw-greenwood-in/102124094 Kamau Bell - https://www.cc.com/video/rdms0e/the-daily-show-with-trevor-noah-w-kamau-bell-starting-uncomfortable-discussions-about-racism-on-united-shades-of-america   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 124 - B Reaps What He Sows with Lexi and Jackson What better way to keep your legacy than to invite your kids on your podcast show. Be careful what you wish for though, as Brian finds out his kids don't always go along with his thoughts and sometimes keep him in check.   SHOW NOTES 01:35 – Welcome to Lexi and Jackson. 02:55 – Kids introduce themselves. 04:10 – What is the favorite thing that daddy cooks? 05:50 – What does daddy do for a living? 06:35 – Is daddy smart? Smarter than Cate? 07:20 – What do you want to be when you grow up? 08:30 – What is your favorite subject in school? 09:45 – How cool is Star Wars? 11:45 – Who is B's favorite child? 12:30 – Is it hard to do podcasts? 14:00 – How would Lexi and Jackson suggest picking a comparable? 15:10 – How much is a garage worth? 16:55 – To help agents and appraisers get along, how do you get along with your brother and sister? 18:55 – Does B learn anything when he teaches? 19:35 – Does B like what he does? 20:18 – Who makes the best farts? 21:15 – Am I happy being me? 21:45 – Have any of your students been mean to me? 22:26 – What do you like better? LEGOS, sleeping, or eating? 23:20 – Parting words of wisdom.   SHOW LINKS Ricotta vs. Cottage Cheese in Lasagna – https://greatist.com/eat/ricotta-cheese-and-cottage-cheese-what-is-the-difference Baby Yoda – https://starwars.fandom.com/wiki/Grogu   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 123 - Do you Claim to be a Wise Person? Wisdom comes from the knowledge that you don't know everything and that there is always more to learn. Even if you are at the top of your game, there something else to consider. Are you truly a wise agent?   SHOW NOTES 05:25 – Even a nuclear scientist doesn't know everything. 06:50 – Communication is a huge part of wisdom. 07:45 – If you truly know about a subject, you must be able to explain what it is. 08:50 – You must also be open to communication and conversations from others. 12:10 – Education is key to gaining wisdom. You can always learn more. Never stop learning. Fine tune your knowledge. 13:30 – Take the opportunity to education someone else. Helps you and helps the other person. 15:15 – Enjoy a warm or cold beverage with someone else 15:45 – Help me, help you. 15:55 – Chinese philosopher Confucius saying. Be like Confucius.   SHOW LINKS Kansas, "Carry on Wayward Son" - https://www.youtube.com/watch?v=2X_2IdybTV0 Confucius - https://en.wikipedia.org/wiki/Confucius   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
Episode 122 - Why You Should Hire an Appraiser Plain and simple: Liability is increasing for agents on many levels. Hiring an expert has always been the best practice, so consider hiring a competent appraiser for your next   SHOW NOTES 01:40 – Hiring an appraiser is "worth it." 03:20 – You don't need to hire an appraiser for every single property, but if something causes concern, it would be a good idea to hire a professional. 05:20 – Just like you would hire an expert for taxes, legal issues, and title concerns, you should hire an appraiser to mitigate your liability. 07:15 – Choose your appraiser carefully. Not every appraiser is suited for your needs.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 121 - My Way is the Right Way! Featuring Cate Waggoner-Lee There is more than one way to skin a cate (what a gross analogy). Your way might work, but guess what, mine probably does too. Don't get so ingrained in your position that you miss another perspective. Adjustments, comparables, and value are subjective, so don't get mad when someone thinks something different than you. It is okay to agree to disagree.   SHOW NOTES 03:10 – Change your attitude. Cate is the softer side of Brian. 04:10 – Not just one value on a property. 05:45 – Appraisers and agents tend to agree there is a range of value. 07:10 – There are many properties that are comparables. Your comparables are not the only one. 08:15 – If you think your comparables are good comparables, explain why you think they are the most comparable. 10:25 – How do you present your information to an appraiser or to an agent? "I'm trying to help you out." 12:00 – More than one way to come up with an adjustment. 13:35 – Grammar police correcting Brian. 15:25 – Is there ever a time when a lender will "require" one way to come up with an adjustment? 17:45 – Lenders, this message is for you too: there is more than one way to review and underwrite an appraisal report. 19:45 – Just because I'm right, doesn't mean you are wrong.   SHOW LINKS Origin of "More than one way to skin a cat" - https://grammarist.com/phrase/more-than-one-way-to-skin-a-cat/#:~:text=There's%20more%20than%20one%20way%20to%20skin%20a%20cat%20means,Yankee%20Life%20by%20Seba%20Smith.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
Episode 120 - Should an Appraiser be a Licensed Agent? Being agent could give the appraiser a much needed perspective that would be beneficial in the valuation of property. Seeing what buyers and sellers are doing in the market can be invaluable to providing credibility to an appraisal report. You don't have to sell homes to get a perspective that will set you apart from other introverted appraisers that are stuck in their own bubble.   SHOW NOTES 04:05 – Should an appraiser be a licensed agent? Yes, but hear me out. 05:10 – The appraiser's job is to mimic what a buyer would do in the market. 07:10 – An appraiser doesn't have to sell real estate to have their hand on the pulse of the market. 08:15 – Being an agent can provide a broader picture. The lens is more focused to be a better appraiser. 09:05- Prior to 1989 there was no such thing as an appraisal license. Real estate brokers were the appraisers. 11:25 – Big benefit to having a real estate license. 13:25 – Pointing the finger to agents too…take an appraisal class.   SHOW LINKS Real Estate Class – indianarealestateinstitute.com   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 119 - Condos: The Silent Change for 2022 The tragic events of the Florida condo complex in 2021set the stage for some big changes from Fannie Mae regarding requirements for condominium properties. If you are an agent, lender, or appraiser, you should start asking questions and recognize the liability the changes will have to your practice and transactions.   SHOW NOTES 03:07 – June 2021 tragic event with the condo collapse started the changes. 04:35 – Concerns with deferred maintenance, structural problems, and property damage. 06:10 – Fannie Mae will not buy loans if the property has significant issues. 07:32 – If there are defects in the community, it could affect a single unit owner. 08:35 – Special assessments by condo management. 10:50 – Form 1076 (in the show links below) is an 8-page disclosure document. 12:05 – Disclosure and legal responsibilities are now more prevalent for owners and agents.   SHOW LINKS Fannie Mae Disclosure Form - https://singlefamily.fanniemae.com/media/15656/display   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 118 - Adjustment Guidelines A quick note on things to consider when adjusting your comparables. The relationship between them and the sale price may be an indicator of comparability.   SHOW NOTES 02:30 – Old adjustment guidelines. 05:10 – The guidelines do have some relevancy but are not critical to maintain. 06:30 – Why is this important? 08:00 – Explain why you made the adjustment. 09:30 – If you are exceeding the old guidelines, maybe the property is not very comparable.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 117 - Why Doesn't The Appraiser Use My Comparables? This question is asked almost as often as why do appraisals come in low. The best question, why is your comparable worthy of use?   SHOW NOTES 02:40 – The agent can suggest potential comparables. 03:27 – Appraiser: "I can't use the comparable." 05:15 – Example of when an appraiser might use your comparable. 06:30 – Explain why the appraiser should use your comparable. 09:10 – Have you given any compelling reason to use your comparable?   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 116 - Why Can't We All Just Get Along? The world is an angry place. Take the time to see another perspective and realize there is more than one part of the conversation.   SHOW NOTES 03:10 – It's tough to think of the other perspective. 06:10 – Will Smith and Chris Rock situation. 07:15 – Agents have disgust for each other. 08:45 – Act like a professional. 09:55 – Take a step back and think about the other side.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 115 - Where is the Industry Heading? Featuring Steve Crellin Steve Crelling with Yawkey Way Appraisals joins the show again to impart his "wisdom" on various changes in the appraisal industry. We hear his take on where things are heading in our community.   SHOW NOTES 01:55 – Hello Steve. 04:00 – Lender policies are dictating many processes. 07:00 – Changes coming down the pike. 12:25 – The failed execution of Fannie Mae for the ANSI standard. 15:00 – Desktop appraisals. 19:25 – How will desktops affect bias in appraisal? 23:00 – How does an appraiser get sent to appraisal board? 25:20 – Will these changes push appraisers out of the industry? 27:50 – These changes will affect agents. 32:30 – Where is the Brian and Steve "thing" going?   SHOW LINKS Steve Crellin - https://www.facebook.com/YawkeyWayAppraisals   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
Episode 114 - ANSI Standards are HERE! ANSI standards define how residential property should be measured for square footage. Fannie Mae has adopted this standard and it WILL affect agents. Are you ready?   SHOW NOTES 02:15 – What is ANSI? Sets a standard to measure property. This will open more liability to agents. 04:15 – Steve Crellin gave a presentation and reported about agents being mad about these changes. 05:20 – This is how to measure property. It is NOT how to value property. 07:55 – Red flags to watch for on properties. Separate living space. 10:00 – Measurements are taken from an exterior perspective. Rounding is made to the nearest inch or tenth of a foot. 12:00 – Classroom questions: sunrooms and bay windows.   SHOW LINKS ANSI Standards - https://www.e-rallc.com/ANSIstandards   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  
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