What is the MVA®
- Residential Designation?
is a professional designation for
REALTORS® who have demonstrated practical
and current experience in their local real estate market and have completed a
prescribed educational program in the field of residential appraisal.
Designees are active
in their communities. Their knowledge of the local market
enables them to provide lenders with realistic appraisals based on
current market values. Originally designed by the Ontario Real Estate
designation is granted by provincial real estate associations in conjunction
with The Canadian Real Estate Association.
Why use the services of an MVA® Residential designee?
designees must possess a minimum of five years residential sales
experience and demonstrate continued activity in their local real
The constant exposure to real estate prices required to advise customers of
market conditions, to explain limitations on saleability, and to prepare written
evaluations enables designees to provide lenders with appraisal reports that realistically
reflect current market values.
REALTORS®, designees are required to uphold CREA's strict Code of Ethics
and Standards of Business Practice.
The requirements of the MVA® -
fulfill all the criteria established by
Residential Appraisal Designation Policy.
GE CAPITAL MORTGAGE
Residential designees are able to undertake appraisal assignment through GE Capital Mortgage Insurance Canada.
Minimum national standards
in education assure lenders that designees receive high quality
education, regardless of where they live. In order to qualify for the MVA® -
designation, the following educational program must be completed:
Construction & Cost Estimating
Principals of Appraisal
Principles of Mortgage Financing
Principles of Real Property Law
To be considered for the MVA® - Residential designation, individuals must
demonstrate the following:
1) proof of five years current and active sales experience
2) proven understanding and application of direct comparison and cost
3) submission of a demonstration from appraisal report
4) adherence to CREA's Code of Ethics and Standards of Business Practice
5) proof of errors and omissions insurance coverage for the appraisal
Lenders using the service of an MVA® - Residential designee are assured that the
above mentioned high performance standards will be enforced by The Canadian Real
Robert Tatomir possess' the MVA designation and is one of 5 out of the 848*
registered Realtors in Windsor-Essex County to hold this designation.
Statistical data extracted from OREA member database, March/13.
For a Professional Complimentary Market Evaluation of your property contact
Walk-through Verbal Opinion
no written report
Letter of Opinion Brief
1 page written report
Letter of Opinion Full
2-5 page written report
5-10 page written report w/comparables and exterior only photos
10-30 page written report w/comparables and
interior/exterior & aerial photos
(only if service available)
30-50 page written report, w/multiple additional comparables,
interior/exterior & aerial photos (only
if service available)
50-75 page written report, w/multiple
additional comparables, interior/exterior & aerial photos
(only if service available)
|Court and/or tribunal attendance, research and preparation time if required is
$125.00 per hour
**Deluxe, Custom and Specialized appraisals are utilized for Estate
Divorce, MPAC reassessment tribunals and/or any other disputed court proceedings.
All rates subject to HST.
* Total membership information extracted
from WECREB Monthly Statistics, March/13