Fannie Mae Appraisal News
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First, appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later for loans sold to Fannie Mae.

For more information, watch this video and check out this fact sheet.

Second, we’ve updated our requirements on comparable sales for properties in newly built or recently converted condominium projects, subdivisions, or PUDs that have two to twenty units. If there are no settled or pending sales available, the appraiser is now permitted to provide three comparable sales from outside the subject’s project or subdivision, provided the comparable sales are also from a similar type project, subdivision, or PUD. See the Additional Requirements for New (or Recently Converted) Condos, Subdivisions, or PUDs in Selling Guide B4-1.3-08, Comparable Sales for all the details.

If you have questions or comments on either of these updates to the Selling Guide or other appraisal related topics, please let us know using the contact us link on the Appraisers Page.


Last Modified: Tuesday, January 11, 2022

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January 2022

January 2022

Add/Update Your Photo on MoveInMichigan.com

Realcomp staff is busy working on an update for our public search site, MoveinMichigan.com, the public search site where people can go to look for properties and/or search for a REALTOR. While we anticipate the new and improved MoveInMichigan.com, this is an excellent time to make sure your information, including photos is up to date.

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New! Intro to Realcomp's Quick Guide for Using the SentriLock Electronic Lockboxes Successfully

Realcomp has a brand new Quick Guide available for MLS Subscribers regarding successfully using SentriLock Electronic Lockboxes. The guide can be used as a resource by subscribers who want to learn how to get started with electronic lockboxes and by those who need a quick refresher on how to accomplish basic tasks (i.e., assigning a lockbox to a listing, granting access to a lockbox, removing a lockbox from a listing, etc.).

Realtor.com Industry Direct Upcoming Events and Training

Realtor.com Industry Direct Upcoming Events and Training

Remine Docs Plus Upgrade Coming in January

Remine Docs Plus Upgrade Coming in January

Virtual Showings

As a reminder, the following Virtual Open House/Showing Options are available to Realcomp subscribers.