MISMO Seeks Public Comment on Commercial Appraisal Dataset
WASHINGTON, D.C. (March 4, 2021) - MISMO® announced today that it is seeking public comment on its Commercial Appraisal Dataset. The comment period, which ends on March 26, 2021, is intended to enable the public time to review and comment on recent dataset updates completed in response to feedback received during the initial comment period.
The MISMO commercial appraisal dataset will facilitate the efficient exchange of commercial real estate appraisal information, critical for underwriting and loss mitigation, between multiple industry participants. The new dataset was developed from a collaborative effort of commercial real estate and technology professionals. Following the earlier comment period, the dataset was updated to include new building-level data points, additions for non-multifamily property types and parties as well as refinements to various definitions and enumerations.
The public comment period for this initiative is also intended to afford workgroup participants who participated on the proposals at least 30 days notice prior to final release, in order to review the dataset and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy).
For more information about MISMO, visit www.mismo.org.