{"id":1278,"date":"2014-05-27T23:40:16","date_gmt":"2014-05-27T23:40:16","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=1278"},"modified":"2014-05-27T23:40:16","modified_gmt":"2014-05-27T23:40:16","slug":"7-things-to-tell-clients-about-appraisals-part-2","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2014\/05\/27\/7-things-to-tell-clients-about-appraisals-part-2\/","title":{"rendered":"7 THINGS TO TELL CLIENTS ABOUT APPRAISALS &#8211; part 2"},"content":{"rendered":"<p>(4)\u00a0 Appraisers follow the Uniform Standards of Professional Appraisal Practice (USPAP).\u00a0 These standards are incorporated into Texas law and Texas Appraiser Licensing and Certification Board rules.\u00a0 They also must follow any additional requirement from the mortgage lender.\u00a0 (5)\u00a0 Fannie Mae &amp; Freddie Mac require an appraiser to analyze the sales contract and confirm analysis in the appraisal report.\u00a0 He reviews the terms of the contract, seller contributions, personal property items with sale.\u00a0 He\/she compare the terms of the contract with what&#8217;s typical in the market and verify that the seller is the owner of public record.\u00a0 Remember Realtors do Comparative Market Analysis (CMA) or Broker&#8217;s Price Opinion and NOT appraisals and must reveal that.\u00a0 MORE TO COME<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(4)\u00a0 Appraisers follow the Uniform Standards of Professional Appraisal Practice (USPAP).\u00a0 These standards are incorporated into Texas law and Texas Appraiser Licensing and Certification Board rules.\u00a0 They also must follow any additional requirement from the mortgage lender.\u00a0 (5)\u00a0 Fannie Mae &amp; Freddie Mac require an appraiser to analyze the sales contract and confirm analysis in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1278"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=1278"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1278\/revisions"}],"predecessor-version":[{"id":1279,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1278\/revisions\/1279"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=1278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=1278"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=1278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}