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REAL ESTATE APPRAISER ADVISORY COMMITTEE Professional and Vocational Licensing Division Department of Commerce and Consumer Affairs State of Hawaii MINUTES OF MEETING Date:Wednesday, December 6, 2023Time:10:00

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How to fill out real estate appraiser advisory

01

Gather all necessary information about the property being appraised.

02

Research recent comparable sales in the area to determine the market value of the property.

03

Analyze the property's condition, features, and location to make adjustments to the comparable sales.

04

Prepare a detailed report outlining the appraisal process and final value conclusion.

05

Ensure compliance with all relevant laws and regulations in the appraisal process.

Who needs real estate appraiser advisory?

01

Anyone looking to buy or sell real estate

02

Banks and financial institutions for mortgage purposes

03

Real estate agents and brokers to determine listing prices

04

Property owners looking to assess their property's value

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What is real estate appraiser advisory?

Real estate appraiser advisory refers to a notification or guidance provided to appraisers regarding best practices, compliance with regulations, and updates on industry standards.

Who is required to file real estate appraiser advisory?

Real estate appraisers who are licensed or certified and are performing appraisals within jurisdictions requiring advisory filings are typically required to comply.

How to fill out real estate appraiser advisory?

To fill out a real estate appraiser advisory, complete the designated form with required personal information, details of the appraisals performed, and any specific data requested by regulatory authorities.

What is the purpose of real estate appraiser advisory?

The purpose of the real estate appraiser advisory is to ensure compliance with appraisal regulations, to provide transparency in the appraisal process, and to enhance the integrity of the real estate market.

What information must be reported on real estate appraiser advisory?

Information typically required includes the appraiser's personal identification, the details of appraisals conducted, compliance with relevant laws, and any changes in the appraiser's professional status.

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