CHICAGO (Oct. 20, 2009) – A book published this week by the Appraisal Institute provides up-to-date, relevant instructions for completing residential real estate appraisal forms and offers in-depth instructions on providing valuations in the current market. The Appraisal Institute is the nation’s largest organization of real estate appraisers.
“Using Residential Appraisal Report Forms: URAR, Form 2055, and the Market Conditions Form, Second Edition” provides residential appraisers with line-by-line instructions for completing Fannie Mae and Freddie Mac’s Uniform Residential Appraisal Report and Exterior-Only Inspection Residential Appraisal Report. This second edition also has been updated to address the new Market Conditions Addendum to the Appraisal Report, which is now required by Fannie Mae and Freddie Mac for all mortgage origination appraisals.
Author Mark R. Rattermann, MAI, SRA, examines current economic conditions and introduces innovative techniques that can be used to measure value change in any market using available data. A 30-year practitioner and instructor, Rattermann offers dozens of real-world examples -- all based on actual situations that practitioners in the field are likely to encounter. These examples focus on strategies for achieving best practice and overcoming common mistakes made in the field, providing appraisers with the tools they need to perform residential appraisal assignments with confidence and competence.
Rattermann is a senior partner with REsource, LLC, a real estate appraisal firm in Indianapolis. He is active in the Appraisal Institute education program and teaches at various real estate schools, trade associations and community colleges in Indiana. He has written articles for The Appraisal Journal and is the author of “Residential Sales Comparison Approach: Deriving, Documenting, and Defending Your Value Opinion” and “Valuation by Comparison: Residential Analysis and Logic.”
The 180-page, illustrated softcover book (ISBN: 978-1-935328-06-3) costs $50 ($40 for Appraisal Institute members) plus shipping and handling. To order, go to: www.appraisalinstitute.org/URAR.
The Appraisal Institute is offering 20 percent savings on more than 50 book titles through Oct. 31. (The discount does not apply to the second edition of “Using Residential Appraisal Report Forms.” Other exclusions apply.) For full details, visit www.appraisalinstitute.org/FallSale.
The Appraisal Institute is a global membership association of professional real estate appraisers, with 26,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org.