What is a Subrogation Appraisal? Subrogation is a term denoting a legal right that is reserved by most insurance carriers. Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid to […]
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Transfer Tax Disclosure Requirement – AB 1888 Effective January 1, 2015 A new California law now in effect requires the documentary transfer tax to be included on the face of the property deed. Prior to the enactment of this new law, it was not uncommon in commercial real estate (and also in some residential sales […]
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On December 9, 2011, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that will become effective January 1, 2015. These changes represent minimum national requirements that each state must implement no later than January 1, 2015. OVERVIEW OF CHANGES National Uniform Licensing and Certification Examinations Education […]
Read MoreBusiness owners, especially small business have a lot to digest when it comes to commercial real estate. Commercial appraisal can be very subjective with much of the value derived based on rental rates received relative to expenses paid out. In other words, if you are looking to get an appraisal done on a piece of […]
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The role of the appraiser is to produce a credible estimate of market value. Investigate, disclose, describe, analyze and report. The accuracy of the report depends on the information available – so the answer becomes “it depends” The intended use drives the type of work, level of detail and analysis along with the type of […]
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