Need help, what is this term?

Off-Topic Chit Chat

Last Post by bill93 13 years ago

6 Posts

6 Users

0 Reactions

1 Views

RSS

Boundary Lines

(@boundary-lines)

Posts: 1055

Topic starter

I was asked to quote a survey to "MAI FIRREA" standards, i have not ran into this before. What is it?

Posted : September 1, 2011 4:38 am

holy-cow

(@holy-cow)

Posts: 25292

True client's name?

Might change category to get more responses.

Posted : September 1, 2011 4:40 am

DeralOfLawton

(@deral-of-lawton)

Posts: 1712

Registered

It's an appraisal that has to be done by someone that is a licensed MIA.

Posted : September 1, 2011 4:41 am

Perry Williams

(@perry-williams)

Posts: 2187

Registered

Recovery, and Enforcement Act of 1989 (FIRREA) of 1989 demanded all the states ...

MAI = Member of Appraisal Institute (Realtors)

Posted : September 1, 2011 4:44 am

james-fleming

(@james-fleming)

Posts: 5687

Registered

What Deral & Perry said.

Also, who wrote the request(or more specifically where are they from)? In "British English" what we call a Real Estate Appraiser is known as a "Valuation Surveyor".

I went around in circles a few years ago on a property in D.C. that was being financed by RBS (The Royal Bank of Scotland) over the role of a "surveyor" in real estate transactions on this side of the pond.

Posted : September 1, 2011 4:53 am