Ask An Appraiser Q & A_
Real-Estate-Related Services List, hard-to-find Service Providers, what is included?
Appraisers, Residential by Geographic Location in the Orlando metro area
Lenders, Private, Non-Bank Mortgage Lenders, both Commercial and Residential
Inspections, Commercial and Residential, Termite, Mold, Roof
Lawyers, Defense for Realtors and Appraisers from DBPR Allegations
Environmental, Soil Contamination, Mold, Air Quality
Landscape & Lawn Maintenance
Property Management, Residential & Commercial
RE Taxes, Real Estate Tax Abatement, Commercial, Residential
Realtor Billboard "For Sale" Signs, 4' by 8', Installed
Roofers, Plaster & Stucco
Wetland & Conservation Area Delineation Maps, Muck Calculations & Muck Removal
Please go to "RE Service Providers" Page for Contact Information
What should I look for when hiring a Commercial Real Estate Valuation Expert?
Access to the Multiple Listing Service (MLS) system
MLS is a proprietary data system accessible only to "Realtors"
Access to "Comps" data from CoStar
"Comps" is the premier data subscription service for sale comps and rent comps.
Big name appraisal firms, why are their fees so high?
Large appraisal firms charge fees that are typically 50% higher than Central Florida Appraisal Consultants. These firms have associates perform the appraisal and reviewed by a supervisor.
This "two-tiered" system must pay for contract appraisers and high overhead for staff.
Your contact is not the appraiser who will be appraising the property.
At Central Florida Appraisal Consultants, your contact is your appraiser, a more direct process. __________________________________________________________
What is the difference between a BPO and a BOV?
None, a Brokers Price Opinion (BPO) and a Brokers Opinion of Value (BOV) are essentially the same. Each is an opinion of price (or value) developed or rendered by a real estate agent or broker rather than by a licensed or certified appraiser.
When do I need an appraisal?
Examples include the IRS which requires appraisals for matters that concern taxation. Divorce and dissolution-of-partnership can also require an appraisal. Private lenders typically require appraisals. Appraisals are performed by licensed real estate appraisers.
Can an appraiser perform a BOV or BPO?
No, not unless the appraiser is also licensed under a real estate sales / broker license and performs the BPO as a licensed sales / broker person. USPAP allows multi-licensed individuals to perform BPO's as long as they do not misrepresent themselves in the process.
USPAP, what is it?
The Uniform Standards of Appraisal Practice (USPAP) is a set of rules and guidelines that all real estate professionals who are licensed as appraisers must follow. The rules are enforced in Florida by the DBPR or Department of Business and Professional Regulation.
Is there one license for residential and commercial property appraisers?
No, commercial RE appraisers and residential RE appraisers have different licenses. Commercial real estate (CRE) appraisers can appraise both residential and commercial real estate while residential appraisers are limited to mostly residential up to four units.
Is there a list of Real Estate Service Providers that I can refer to? Yes....
Examples include residential appraisers, private lenders, surveyors, environmental consultants,
lawyers and many more............
Yes, please visit the "RE Related Services" page on this website.