Mann, MAI, MRICS, is managing director of Collateral Evaluation Services, LLC, and has with a total of twenty-four years of valuation experience: four years as an independent fee appraiser
, two years as a real estate assessor, and eighteen years with banking institutions.
The institution would use this assessment to determine whether to retain the fee appraiser
on its approved appraiser list.
In one case, the contingent fee appraiser
admitted before the jury that his compensation was, in part, contingent on the jury's verdict.
IFA, Independent Fee Appraiser
-- oriented to residential real estate.
MZ: Yes--prior experience as a fee appraiser
As such, in order to meet the requirements in an evaluation, a fee appraiser
would have to meet USPAP requirements and provide at least a restricted use appraisal report.
general fee appraiser
, residential fee appraiser
, bank review appraiser, litigation appraiser, specialty property appraiser).
May, MAI, had a long, distinguished career in real estate, beginning in Detroit in the 1920s as vice president of a realty development corporation and then becoming a fee appraiser
for governmental entities during the 1930s.
Johnson has been an independent fee appraiser
for 28 years, having begun as a commercial and residential appraiser for Briggs and Associates in 1979.
It is easy for the fee appraiser
to ignore or minimize negative effects on value when borrowers have snappy explanations.