Mortgage Appraisal Licensing
Who settles disputes between a builder and a buyer?
If a buyer is in a contract with a builder and it is found by a licensed inspector that the brick does not meet state standards and the builder refuses to change the brick, who’s responsibility is it to name the builder as the defaulting party and order him to pay for expenses incurred? In this case, the buyer signed a release of earnest money then the builder changed the form to reflect the cost of the appraisal be paid out of the earnest money. The buyer refused to pay since they were not in default. Doesn’t the defaulting party absorb any expenses already incurred? Correct me if I’m wrong, if the buyer defaults then they lose any earnest money deposited to pay for expenses. So if the builder defaults, don’t he have to pay for any expenses. If so, who can make him do that???????? (NOTE: The mortgage broker disclosure does not state the buyer will pay if the builder defaults).
As a real estate professional I would advise you to seek the council of a good attorney. Your question concerns law and they are the best to advise you on this matter.
Mortgage Broker Licensing Requirements
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The above mentioned are the basic requirements in order to qualify for a home loan. Secondly, I was interested to know how big a home loan I could get considering Mortgage Appraisal Licensing. As soon as I knew how much, I could start searching for a house.
Mortgage Appraisal Licensing
I want to become a Real Estate Appraiser, is my plan realistic?
In the Commonwealth of Virginia (DC/Metro) you must be an apprentice for two years. Considering this I assume the pay will be very little. So with that being said I will have to continue working for xyz company and do appraisals on the side like one or two a day time and sunlight permitting and a few on the weekends. Does this sound realistic? Also on average what is the percentage of pay (if any) while an apprentice, and what is the percentage of pay as a legitimate full time Appraiser? I have a RE License and I am a former Mortgage Loan Processor so I have some knowledge of appraisals. In case you are wondering. Thank you
YOUR plan is 100% realistic; I suggest
adding to that plan–
learn how to become a PURE HARD MONEY LENDER; no fico no appraiser, ete
if you can do that, you can become rich
i have not found one such lender in 4 yrs; where there used to be 5 in the US.
they never lose money!!