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Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a ...
Uniform Appraisal Dataset is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac (together known as the GSEs) under the direction of the Federal Housing Finance Agency in the United States in order to comprehensively standardize mortgage loan data so that loans may be processed more efficiently.
MRIS operates two parallel systems available only to licensed brokers, agents, and others (such as appraisers): "MATRIX" which is the database of property listings in all classes (including residential to raw land and lots) and categories from "Active" through "Sold" going back over more than ten years; and "KEYSTONE" the data entry site for agents to input new listings and update them.
A multiple listing service's database and software is used by real estate brokers in real estate (or in other industries, for example, aircraft brokers [1]), representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in ...
Real estate benchmarking is the standard of measurement used to analyze the financial characteristics of a real estate investment property. In the general sense, real estate benchmarking refers to the comparison of potential real estate investment properties against a predetermined framework of measurement. In a narrow sense, the term real ...
The seismic settlement announced by the National Association of Realtors earlier this month has not yet been approved, but it is already sending shockwaves through the real estate industry.
Uniform Physical Condition Standards (UPCS) is the name used to refer to a set of standards used by inspectors working for the United States Department of Housing and Urban Development (HUD) and the Real Estate Assessment Center (REAC) to assess the physical condition of public housing units and housing units which are insured by or assisted under various programs of HUD. [1]
Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.