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Essay / Research Paper Abstract
This is a 3 page paper that provides an overview of appraisal report writing software. TurboValue and eTrac Office Manager are compared and contrasted. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: MH11_KFapprai.rtf
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Unformatted sample text from the term paper:
assessment of the value of a property based upon a pre-determined set of criteria and standards. That said, it has long been one of the few jobs to go unsupported
in the realm of software development. However, as the "information age" marches forward, that is no longer the case. Today, there are many readily available software programs designed to assist
the real estate professional in the appraisal process. Among real estate appraisal writing software programs, two of the most interesting and feature-rich are TurboValue and eTrac Office Manager. In this
paragraph and the next, the student introduces the two pieces of software in question, as well as their features. TurboValue was first launched in 2002 by GMAC Commercial Mortgage Corporation
as a way to branch into the field of software development, and also to provide a functional tool to real estate appraisers working in the industry to increase their productivity
and efficiency (Fernandez 2002). Users of the software are able to input key information about a property in a raw and unorganized format and then have the software automatically produce
an expansive multiple page summary of that propertys estimated value on the basis of the information that the realtor put in. In other words, just by acquiring the raw data
about a property from the process of measuring and taking a visual assessment, the appraiser can then find out the estimate value of the property, bypassing the median phase of
running that data through various formulas in an attempt to divine the desired information (Fernandez 2002). This is key for two reasons. First of all, the mathematical analysis aspect of
real estate appraisal has long been regarded as the most time-consuming part. Even if the calculations themselves arent particularly time-consuming, appraisers often still have to be trained in how to
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