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The Massachusetts Board of Real Estate Appraisers (MBREA), founded in 1934, is the only state appraisal association that has been named a sponsor of the Appraisal Foundation. [43] In recent years, the Royal Institution of Chartered Surveyors (RICS) has become highly regarded in the United States, and has formed a collaboration with the ...
the appraiser complies with the disclosure requirements set forth in USPAP for hypothetical conditions; These requirements are specified in Standard 1: Real Property Appraisal, Development [34] Standard 4: Real Property Consulting, Development [35] Standard 6, Mass Appraisal, Development and Reporting [35]
The Appraisal Institute of Canada defines the term highest and best use as: The reasonably probable and legal use of property, that is physically possible, appropriately supported, and financially feasible, and that results in the highest value. The Appraisal Institute defines highest and best use as follows:
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You may need to pay VA funding fee for the IRRRL loan, which is 0.5% of the loan amount. You can either pay this at closing, or roll the fee and other closing costs into the new loan. There are a ...
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