Commercial Appraiser's Blog (2)

MAI, APPRAISAL INSTITUTE. Debacle III

MAI, APPRAISAL INSTITUTE. Debacle III http://www.ipetitions.com/petition/commercial-appraiser/

For years we have railed against appraisers using reo, short sales, probate sales, and other non-arms length sales as comparable when valuing "market value" which is defined as:

Market Value is defined as: the most probable price which a property should bring in a competitive and open market under all conditions…

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Added by Commercial Appraiser on September 2, 2012 at 2:41pm — No Comments

Debacle III, The Petition

Debacle III                   

The Petition http://www.ipetitions.com/petition/commercial-appraiser/

For years we have railed against appraisers using reo, short sales, probate sales, and other non-arms length sales as comparable when valuing "market value" which is defined as:

Market Value is defined as: the most probable price which a property should bring in a competitive and open market…

Continue

Added by Commercial Appraiser on June 26, 2012 at 11:11am — No Comments

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