Customary & Reasonable Fee Survey for Real Estate Appraisers Underway

Customary & Reasonable Fee Survey for Real Estate Appraisers Underway

Licensees encouraged to participate in IDFPR study

CHICAGO – (RealEstateRama) — Illinois licensed real estate appraisers are encouraged to complete the Customary and Reasonable Fee Survey. The voluntary survey is being conducted by the University of Illinois at Urbana – Champaign on behalf of the Division of Real Estate (the “DRE“) at the Illinois Department of Financial and Professional Regulation (“IDFPR”). The survey was initially e-mailed to Illinois appraisers on January 10th and will be open for submissions through mid-February.

Kreg Allison, the Director of the DRE, said “the survey aims to estimate a customary and reasonable fee for appraisals of residential properties including single-family residential homes, residential condominium units, and two to four-unit multi-family apartment properties for each county in the State of Illinois. “

To participate in the survey, individuals may click on the URL link below.

Click Here to Start the Survey

Questions regarding the survey may be directed to Isabel Farrar at the University of Illinois at isabelf (at) uic (dot) edu.

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State of Illinois – CONFIDENTIALITY NOTICE: The information contained in this communication is confidential, may be attorney-client privileged or attorney work product, may constitute inside information or internal deliberative staff communication, and is intended only for the use of the addressee. Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify the sender immediately by return e-mail and destroy this communication and all copies thereof, including all attachments. Receipt by an unintended recipient does not waive attorney-client privilege, attorney work product privilege, or any other exemption from disclosure.

Contact:
Terry Horstman
Phone: 217-558-2953
E-mail: Terry.Horstman (at) Illinois (dot) gov

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