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According to the Appraisal Foundation, requests for evaluations are on the rise. A concept paper on this subject is the discussion for the TAFAC meeting this October in Arlington, Virginia. The author is Wayne R. Miller, Chair of the Appraisal Standards Board. TAFAC is The Appraisal Foundation Advisory Council, which is composed of 60 non-profit… Read more

Commercial Brokers have an added tool available for them to collect an outstanding commission. Ohio’s Broker Lien Law allows a broker to file an affidavit creating a lien against an owner’s property for the amount owed. The lien can then be foreclosed or paid when title transfers to a buyer. The amount of the lien… Read more

The Tenth District Court of Appeals has affirmed an order of the Ohio Real Estate Commission revoking a real estate salesperson’s license (“Licensee”). By way of background, the Licensee and a friend (“Friend”) entered into an agreement whereby a company owned by the Licensee would bid at a tax foreclosure sale on Friend’s property. The… Read more

A new appraisal order comes in, and you discover it’s a 4-unit property… and the groaning begins. You don’t have time for this – the phone calls to verify rents, the lack of comps, and more. What is it that makes these appraisals so challenging? At least two approaches will be in the scope of… Read more

As a mortgage lender, you already spend a lot of time with people. You know that marketing and networking are important, but you might be apprehensive of using social media. There are many reasons people do not use social networking in their business. Perhaps you feel like you prefer traditional ways of face-to-face marketing, cold… Read more

Facebook has a lot to offer in real estate. It includes a potential audience of more than 2 billion users, including 68 percent of all adults in the U.S. It also includes robust features to subset your leads and provide targeted marketing campaigns. As a new real estate agent, you are well placed to cash… Read more