Valuation Management Group’s quality assurance reviewers routinely review a variety of appraisal reports covering nearly every property type imaginable. Occasionally clients, appraisers, and other users of appraisals will ask our opinion on Gross Living Area and its calculation. Gross Living Area (GLA) is the term used in most residential appraisal reports. GLA is defined by… Read more »
When it comes to fees and the issue of transparency, all appraisal management company (AMC) operating models are not equal. While there are variations, AMC’s generally operate under one of two business models – Cost-Plus or Fluctuating. For purposes of this blog, we will be referring to non-complex residential assignments. Transparency signifies openness, communication, and accountability; something… Read more »
Appraisers are licensed, trained professionals whose fees are determined by the scope of work and the complexity of the appraisal assignment. The more complex the property, the more time the appraiser must employ inspecting, researching, and developing their opinion of value which must be presented in a well written appraisal report. Valuation Management Group requires… Read more »