The Appraisal Foundation is an organization formed to establish uniform requirements for appraiser qualifications and reporting standards. It is governed by a Board of Trustees and includes three independent boards.
A Certified Home Inspector is a professional who is credentialed and qualified to perform home inspections in accordance with state-specific requirements. These inspectors evaluate residential properties for safety, structural integrity, and compliance with relevant codes and standards.
The Debt Coverage Ratio (DCR) is a financial metric that measures the ability of a property to cover its operating expenses and debt obligations. It is widely used by lenders and investors in commercial real estate to assess the risk associated with a particular investment.
A home inspector is a professional who evaluates the structural, mechanical, and various other conditions of a home prior to its sale, ensuring both the buyer and seller are aware of the home's condition.
Net Operating Income (NOI) is a crucial metric in real estate investment that measures the profitability of a property or business after subtracting operating expenses but before interest and tax deductions. It serves as an indicator of the financial health and performance of income-generating real estate.
A Restricted Appraisal Report is a type of valuation report containing minimal detail, intended solely for the client's use, and not for any other party. It stands in contrast to a more comprehensive Appraisal Report.
A Site Assessment (Environmental) is a crucial evaluation process used to identify any potential environmental contaminants or liabilities present on a specified piece of real estate.
