Episode 114 - ANSI Standards are HERE!

ANSI standards define how residential property should be measured for square footage. Fannie Mae has adopted this standard and it WILL affect agents. Are you ready?

 

SHOW NOTES

• 02:15 – What is ANSI? Sets a standard to measure property. This will open more liability to agents.
• 04:15 – Steve Crellin gave a presentation and reported about agents being mad about these changes.
• 05:20 – This is how to measure property. It is NOT how to value property.
• 07:55 – Red flags to watch for on properties. Separate living space.
• 10:00 – Measurements are taken from an exterior perspective. Rounding is made to the nearest inch or tenth of a foot.
• 12:00 – Classroom questions: sunrooms and bay windows.

 

SHOW LINKS

• ANSI Standards - https://www.e-rallc.com/ANSIstandards

 

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