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A new Regulation Z (12 CFR 226) of the Truth in Lending Act was adopted in 2008 (73 FR 44522) to help prevent the improper influence of appraisers and to reduce the chances that appraisers would be pressured to "hit" certain target property values or return pre-determined, unsupported valuations when appraising real property. [2]
The Los Angeles County Assessor is the assessor and officer of the government of Los Angeles County responsible for discovering all taxable property in Los Angeles County, except for state-assessed property, to inventory and list all the taxable property, to value the property, and to enroll the property on the local assessment roll. [2]
A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 5 ]
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An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.