Appraisal Institute Government Relations - COVID-19 Update
Industry Resources - Covid-19
North Carolina Appraisal Board Updates
Limiting Liability Suggested Language for COVID-19
From Claudia Gaglione, National Claims Counsel.
BULLETIN to Freddie Mac Sellers / Selling Guidance Related to COVID-19
This bulletin includes temporary guidance related to property valuation requirements and more.
Fannie Mae Modified Instructions for Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for Desktop Appraisals
Released March 23, 2020. For Desktop Appraisals using COVID-19 temporary flexibilities and reported on Fannie Mae form 1004, 1073, 1025, 1004C, or 2090.
Fannie Mae Modified Instructions for Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for Appraisers with Exterior-Only Inspection
Released March 23, 2020. For Exterior-Only Appraisals using COVID-19 temporary flexibilities and reported on Fannie Mae form 2055, 1075, 2095, 1004C, or 1025.
The Appraisal Foundation - Coronavirus & Appraisers Q&A
Answers to questions regarding Coronavirus and Appraisers.
The Appraisal Foundation - USPAP 2020-21 Q&A
Issued March 17, 2020. Form of guidance issued by the Appraisal Standards Board in regards to USPAP standards.
The Appraisal Institute Professional Practice Coronavirus Update
Guidance from the Appraisal Institute.
Valuation Legal - Free Webinar (Slides Only)
Legal and Risk Issues for Appraisers Stemming from the COVID-19 Crisis
Valuation Legal Webinar: “Legal and Risk Issues for Appraisers Stemming from the COVID-19 Crisis”
AI Answers: The post-pandemic office building of the future
Industry News
Week of September 8 - 14, 2020
Real estate appraisals, BSA exemption among items on NCUA agenda
National Association of Federally-Insured Credit Unions
The NCUA Board next week is set to issue a final rule related to real estate appraisals and an exemption under the Bank Secrecy Act's (BSA) customer identification program (CIP). The board will also receive a briefing on the National Credit Union Share Insurance Fund's (NCUSIF) quarterly report and an update on the Modern Examination and Risk Identification Tool (MERIT)…
Appraisal Institute Seeks to Expand Diversity, Combat Alleged Bias in Valuation
PR Newswire, Real Estate Rama, The Oklahoman (Oklahoma City), Ticker Tech, Benzinga
(This article appeared in 52 additional outlets.)
As our nation continues reflecting on important matters of racial justice, the nation's largest professional association of real estate appraisers today reiterated its efforts to expand opportunities for aspiring appraisers and help combat alleged bias in valuation…
Historic property in Reading may become a seminary
WFMZ-TV 69 UHF (Allentown, Penn.)
Douglas Haring [MAI, SRA, AI-GRS], a real estate appraiser, testified that the property requires a lot of maintenance and that very few individuals or organizations could afford to occupy and maintain the building…
COVID-19 impact on US waterparks and waterpark resorts
Hotel News Now
Nuresh Maredia is Director of Appraisal & Consulting Services for Hotel & Leisure Advisors and heads up the San Antonio office. Nuresh had consulted on some of the largest indoor waterpark properties in the United States. He has been a hospitality consultant since 2006, is a Certified General Real Estate Appraiser in Texas, and is a practicing affiliate with the Appraisal Institute…
Three tips to prepare for selling your home this winter
Hometown Focus (Virginia, Minn.)
Just like buyers are impressed by curb appeal, they are turned off by clutter. The Appraisal Institute suggests homeowners clear clutter out of their homes before appraisers visit, and the same approach can be applied to open houses…
Compression: Late summer musings - by Bill Pastuszek, MAI
New England Real Estate Journal
Working remotely, trying to understand the current state of the country, world, real estate, and appraisal. The pandemic’s short-term effects have been dramatic, but not entirely what was expected.
Walker & Dunlop expands appraisal business with Gustafson as Northeast managing director
New England Real Estate Journal
Walker & Dunlop, Inc. has expanded its multifamily appraisal business, Apprise, with the addition of managing director, Corey Gustafson, MAI. Gustafson will lead the Northeast region, including the Boston, New York, Philadelphia, Baltimore and Washington, D.C. markets…
Free Energy Conference Brings Business Innovation & Sustainability
Cascade Business News
Builders also will learn from other trailblazing builders how to capture all the new incentives to build a net zero energy home. They, and new home buyers will learn how to do this affordably. Also, a nationally known Green Appraiser, Sandra Adomatis [SRA] and Dennis Smith will present on valuing and financing these homes…
Barkett Realty Founder Shares Expertise on Award-Winning Podcast
Tampa Bay Newswire
John Barkett [MAI], owner and head broker of Barkett Realty, recently appeared on The Real Estate Sessions podcast, hosted by Bill Risser. The interview discussed his background in real estate, his expertise in brokerage and appraisal, and his unique perspective on the current market…
HVS Report - Economy Extended-Stay Hotels Hold Up Best During Q2 2020
Hotel Resource, Hotel Resource News, Hospitality Trends
Rod Clough, MAI, President - Americas, oversees strategy execution throughout 40 Americas locations. He recently brought together all US Valuation Consulting offices under common ownership, and has revolutionized the way the company is led and managed. This group of offices represents over 120 hotel industry professionals and executes over 4,000 assignments a year. Rod has been working in the hospitality industry for 30 years and is a graduate of Cornell's School of Hotel Administration. He is a Designated Member of the Appraisal Institute (MAI) and a state-certified general appraiser…
The Most Challenging Part of the Appraisal Process
Appraisal Buzz
Previously, we asked our real estate appraisal community, “What’s your favorite part of the appraisal process?” The top three answers we received were “Data collection and property description,” “Data analysis,” and “Application of the approaches to value.”…
Week of September 1 - 8, 2020
PR Newswire, TickerTech.com, MorningStar, Markets Insider, Benzinga
(This article was also included in an additional 54 outlets.)
(This article also mentions Meghan Czechowsk, MAI.)
Walker & Dunlop, Inc. and GeoPhy announced today that their multifamily appraisal business, Apprise, has hired Josh Ward, MAI as Senior Director. Based in Charlotte, North Carolina, Mr. Ward brings over 20 years of commercial real estate valuation experience and is focused on multifamily assets of all types throughout the high-growth North and South Carolina markets…
Here Are Today's Best Mortgage & Refinance Rates for September 2, 2020
Money
If a property was marketed for $400,000, but there were 10 buyers competing for the property, and somebody’s paying $420,000, what’s market value?” asks Jefferson L. Sherman, [MAI, AI-GRS] president of the Appraisal Institute. “That’s the tough question that appraisers have. Does that represent market value? Well, it may or may not.”…
New Appraisal Institute Textbook Addresses Time-tested Valuation Principles for Today’s World
Real Estate Rama
In the midst of a global pandemic and social justice concerns, the Appraisal Institute today published “The Appraisal of Real Estate,” 15th edition. The textbook long has been recognized as the valuation profession’s most comprehensive source of information for appraisers and other real estate professionals…
Bend nonprofit hosting Go Clean Energy Conference, free and online
KTVZ 21 (Bend, Ore.)
Builders also will learn from other trailblazing builders how to capture all the new incentives to build a net zero energy home. They, and new home buyers will learn how to do this affordably. Also, a nationally known Green Appraiser, Sandra Adomatis [SRA] and Dennis Smith [SRA] will present on valuing and financing these homes…
The Free Library
Sandra K. Adomatis, SRA, is the winner of the 2019 Swango Award for her article, "Residential Government Agency Requirements and Case Studies on Measuring Market Reaction to Energy-Efficient Features," published in the Winter 2019 issue of The Appraisal Journal…
Bend nonprofit hosting Go Clean Energy Conference, free and online
KTVZ 21 (Bend, Ore.)
Builders also will learn from other trailblazing builders how to capture all the new incentives to build a net zero energy home. They, and new home buyers will learn how to do this affordably. Also, a nationally known Green Appraiser, Sandra Adomatis [SRA] and Dennis Smith [SRA] will present on valuing and financing these homes…
The Free Library
Sandra K. Adomatis, SRA, is the winner of the 2019 Swango Award for her article, "Residential Government Agency Requirements and Case Studies on Measuring Market Reaction to Energy-Efficient Features," published in the Winter 2019 issue of The Appraisal Journal…
Week of August 25 - 31, 2020
Information and Guidance: Bringing New Entrants to Appraisal Careers
Appraisal Buzz
The knowledge that there are fewer active real estate appraisers in the United States isn’t new. Per the Appraisal Institute’s U.S. Valuation Profession Fact Sheet from Q1 2019, the number of appraisers dropped from 87,130 in 2014 to 78,015 in 2018. That is a drop of over 4,000 appraisers between 2017 and 2018 alone. This same report also clearly shows that the appraiser profession overwhelmingly lacks diversity in age, gender, and ethnicity. This report, along with others, spurred Fannie Mae to work with the National Urban League, and later, the Appraisal Institute, to create the Appraiser Diversity Pipeline Initiative (ADPI)…
Valley View Mobilehome Park gets a rent increase
News Mirror (Yucaipa, Calif.)
Yucaipa City Attorney Don Lincoln said, “Stated by staff appraiser James Brabant [MAI] this is an average quality park in average condition. The park purchased was financed with a bond of about $1.6 million covering 100% of the purchase price. In addition the Redevelopment Agency gave a $50,000 grant toward the purchase.”…
Catastrophic Combo: Hurricane Laura and California Wildfires Could Drive Up Home Prices
Realtor.com
"I've never seen anything like this," says Randall Bell [MAI], CEO of Landmark Research Group, which analyzes real estate after cataclysmic events. "We're always busy [with natural disasters]. This is just overload. The country's psyche is already beat up by everything, and it just keeps piling on."…
Black Homeowners Could Get Lower Appraisals, A New ‘Black Tax’ Is Identified
The Moguldom Nation
The Appraisal Institute, an industry trade group, has maintained a “Diversity Pipeline Initiative” and has committed to expanding the property appraisal profession…
Land Trust Alliance statement on U.S. Senate Finance Committee Investigative Report
PRWeb
The Land Trust Alliance joins the Appraisal Institute, Ducks Unlimited, The Nature Conservancy and other leading appraisal and conservation organizations in urging Congress to end the outrageous abuse by passing the Charitable Conservation Easement Program Integrity Act.”…
Low inventory helps drive up Bakersfield home prices
National Mortgage News
The owner of Affiliated Appraisers, Gary Crabtree [SRA], said buyers' preferred price is another important aspect of local home sales. The highest price range in demand lately, where 40 percent of sales were in July, is between $200,000 and $300,000, he said…
Land Trust Alliance Statement on U.S. Senate Finance Committee Investigative Report
Yahoo Finance, Pittsburgh Post-Gazette, PR Newswire, San Antonio Express-News, Biz Wire Express
(This article was included in an additional 38 outlets.)
"On behalf of our member land trusts, I thank Sens. Steve Daines (R-Montana) and Debbie Stabenow (D-Michigan) along with Reps. Mike Thompson (D-California) and Mike Kelly (R-Pennsylvania) for championing this solution. The Land Trust Alliance joins the Appraisal Institute, Ducks Unlimited, The Nature Conservancy and other leading appraisal and conservation organizations in urging Congress to end the outrageous abuse by passing the Charitable Conservation Easement Program Integrity Act."…
Black Homeowners Face Discrimination in Appraisals
The New York Times
“Is there a problem with poor and underserved communities in the United States? Yes. Is it the appraisal profession’s fault? No,” wrote Maureen Sweeney, a Chicago-based appraiser in a letter to the house subcommittee following the hearing. “It’s like blaming the canary for the bad air in the coal mine, or blaming the mirror for your bad hair day. Appraisers reflect the market; we do not create it.”…
Week of August 11 - 17, 2020
Schuylkill won’t say amount of Giant appraisal
Times News Online (Lehighton, Pa.)
County engineer Lisa Mahall said Friday Frank Gownley, SRA, Pottsville, did the appraisal July 7…
Appraisal Buzz
You never know what is going to happen in your appraisal office. There are just too many variables to be able to cover all of them all the time. So, let’s look at the word triage. All it means is “the act of dividing into three.” In medicine, it means the decisions of who gets treated now, who gets treated later, and who’s going to die anyway, so they do not get treated at all…
Paul Ambrose [MAI] Joins Cushman & Wakefield’s Valuation and Advisory Team
CityBizList Boston
Cushman & Wakefield announced today that it has added Paul Ambrose to the firm’s Boston Valuation and Advisory team as senior director… Ambrose holds a bachelor’s degree in finance from Bentley University, a master’s degree from Clark University and a MAI designation from The Appraisal Institute…
Resident plans court action as town uses eminent domain
Village Soup (Camden, Maine)
The town hired Fred Bucklin [MAI, SRA] of Bucklin Appraisal, which found last year that the property was valued at $118,055. Based on this, the town offered her $1,650 as compensation for the edge of the driveway being taken…
Is It Actually a Good Time to Buy a House?
MSN Money
Appraisers and inspectors, for example, many not willing to enter homes during the pandemic, offer their services via a desktop or exterior visit only. "In some cases, this has led to more conservative appraisal values, which forces the buyer to come up with extra funds or the seller to lower their price," he says…
Money, MSN Money
“If a property was marketed for $400,000, but there were 10 buyers competing for the property, and somebody’s paying $420,000, what’s market value?” asks Jefferson L. Sherman [MAI, AI-GRS], president of the Appraisal Institute. “That’s the tough question that appraisers have. Does that represent market value? Well, it may or may not.”…
Yahoo! Finance, PR Newswire, Pittsburgh Post-Gazette, Markets Insider, Benzinga
(This article appeared in an additional 47 outlets.)
The landowners presented their own appraiser, Matthew Ray, MAI, who prepared his own study of 54 pairings upon which he based his opinion of 8% damages to the 837-acre farm and 45% damages to the 40-acre homestead…
Report finds 20 percent of homes got appraisal inspection waivers
Valuation Review
A new report from Redfin found that 19.9 percent of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency in June, compared with just 13.2 percent during the same month in 2019…
In a hot housing market, gap between purchase price and appraiser condition ratings causes headaches
HousingWire
Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound impact on an age-old conflict of appraisal reports versus what the market believes the home is worth…
Six easy ways to increase the value of your property when selling
Star Daily (London)
Plus, A study from the Appraisal Institute found that vacant houses sold for 6% less than occupied houses and stayed on the market longer…
Avoid Appraisal Disciplinary Action with These Do’s and Don’ts
Appraisal Buzz
As a professional appraiser, you don’t want to have a disciplinary complaint filed against you, and you certainly don’t want to be the subject of a complaint that results in disciplinary action. So, how can you prevent these undesirable consequences? Here are several do’s and don’ts to help you avoid situations that may get you into trouble as a real estate appraiser…
Appraisal Institute VP elected
Valuation Review
Craig Steinley [MAI, SRA, AI-GRS, AI-RRS], of Rapid City, S.D., was elected 2021 vice president of the Appraisal Institute (AI) Aug. 6 by its board of directors during the board’s virtual meeting, AI announced in a press release…
More perspective on several Kaua‘i projects
The Garden Island (Lihue, Hawaii)
Curtis J. Bedwell, MAI is a real estate appraiser with Kaua‘i Valuation, LLC having specific experience and expertise in land valuation, land use planning, residential and commercial development, and is a resident of Po‘ipu…
Examining Our Profession Through a Sharper Lens
Appraisal Buzz
Appraisers no longer need to drop film off to be developed and then glue photos into their reports because of advances in digital imaging technology. We no longer need to run a tape measure through bushes and mud because technology has provided laser measuring devices…
Week of August 4 - 10, 2020
Fannie Mae updates FAQs regarding appraisals
Valuation Review
In response to COVID-19, Fannie Mae and Freddie Mac have provided temporary guidance to appraisers on several policy areas, as well as new FAQs providing additional information on the temporary policies, according to a recent release from Fannie…
Take the Guesswork Out of the COVID Puzzle
Appraisal Buzz
The pandemic is something that has turned the word upside-down. After five months, appraisers and the industry are still being impacted. Metro-West Appraisal Company is dialed into the market. They have assembled the biggest names to bring you a free webinar to look at “The State of the Industry.”…
Craig Steinley Elected 2021 Appraisal Institute Vice President
RealEstateRama
Craig Steinley, MAI, SRA, AI-GRS, AI-RRS, of Rapid City, South Dakota, was elected 2021 vice president of the nation’s largest professional association of real estate appraisers Thursday by its Board of Directors during the Board’s virtual meeting…
The Appraisal Profession Needs an Update
Appraisal Buzz
Appraisers no longer need to drop film off to be developed and then glue photos into their reports because of advances in digital imaging technology. We no longer need to run a tape measure through bushes and mud because technology has provided laser measuring devices…
What to Do When Your Appraisal Is Under Review
Appraisal Buzz
Residential appraisers will often—if not just about always—have their work reviewed by another appraiser. Usually, this is a routine procedure that the original appraiser barely notices. Sometimes, the review appraiser will come back with requests for extra information, or doubts, that the original appraiser might find annoying…
Appraisal Buzz
Market Analysis in a Volatile presented by the Appraisal Institute. How fitting that with the impacts of COVID-19 on the economy that the AI would offer this timely course. While the housing market is still strong, that could change overnight…
Appraisers Struggle to Manage Skyrocketing Demand
Realtor Magazine
“What I’ve been encouraging people to do is just be really honest with the customers,” Lori Noble [SRA], an appraiser, told HousingWire. “My clients who are honest like that are definitely being successful and it’s not causing any discomfort, just success. People in the industry forget we are selling a home—this is more than a bottom line and, if you are realistic, people will understand that.”…
Surging mortgage volume puts pressure on appraisal turn times
HousingWire
In terms of which markets are being impacted the most, appraiser Lori Noble [SRA] said she is seeing urban areas with high volume feeling the strain of high turn times with suburban areas holding steady. Covey stated he saw higher turn times for unique properties and those outside of metro areas that create a challenge for appraisers to get to…
Letters to the editor for Aug. 5, 2020
Ocala Star Banner (Ocala, Fla.)
I am proud and honored to endorse [Neil] Nick Nikkinen [MAI] for Marion County property appraiser. I am completing a 39-year career at the Citrus County property appraiser office with the last seven years serving as the elected property appraiser…
Which Appraisal Clients Make Up the Majority of Your Client Base?
Appraisal Buzz
What types of clients do property appraisers serve? Do most of their assignments come from lenders vs. non-lenders? To help answer these questions, we recently asked our real estate appraisal community, “What type of appraisal client makes up the majority of your client base?” While most appraisers said that the majority of their work comes from lenders (most often through AMCs), some said the bulk of their client base is made up of other types of appraisal clients, such as attorneys or private individuals…
Week of July 28 - August 3, 2020
Here’s what housing professionals can use as a roadmap amid economic uncertainty
HousingWire
On the origination front, lenders face challenges with timely employment and income verification, limited physical appraisals or Appraisal Waivers, and undisclosed debt…
The American dream while Black: ‘Locked in a vicious cycle’
NBC News
As in many other American industries, The Appraisal Institute, an industry trade group, has maintained a "Diversity Pipeline Initiative" and has committed to expanding the profession in January…
The Lawton Constitution (Lawton, Okla.)
Funeral service for Charles W. Singleton [SRPA, SRA] will be 10:30 a.m. Tuesday, August 4, 2020 in Southern Hills Baptist Church, Oklahoma City…
Using Tech and History to Overcome Current Hurdles to Appraisals
Connect Media
As with many aspects of commercial real estate, the COVID-19 pandemic and the imposition of stay-at-home orders presented considerable hurdles to conducting appraisals. After all, much of an appraiser’s evaluation is based on first-hand, onsite observation…
Upzoning Can Impact Appraisals, Places Emphasis on Highest and Best Use Analysis: Valuation Magazine
Real Estate Rama - Michigan
Many cities see upzoning as an effective way to expand affordable housing, but zoning changes can impact appraisals, so appraisers need to analyze the highest and best use of the property and land, according to an article in Valuation magazine’s second quarter 2020 issue…
Opponent: Dalton misleading voters on experience
Citrus Country (Fla.) Chronicle
A candidate for Citrus County property appraiser is calling out an opponent, saying he is exaggerating his work experience to suggest he has more background in the field than he actually does… Tim Reynard said fellow Republican candidate Cregg Dalton’s [MAI] experience is little more than three years in an entry level job, while Dalton is portraying himself as someone more qualified…
Fannie and Freddie Release New Hybrid and Desktop Forms for Testing
Appraisal Buzz
As part of their appraisal modernization efforts, Fannie Mae and Freddie Mac (the GSEs) have issued test forms for Hybrid and Desktop appraisal assignments. The forms will be made available to the major appraisal report software providers…
The Star endorses Barbara Anne Washington in Democratic primary for Missouri Senate seat
The Kansas City (Mo.) Star
State Rep. Barbara Anne Washington and Raytown Alderman Ryan Myers [Candidate for Designation] are seeking to replace Curls, a Democrat who resigned in January to serve on Missouri’s Labor and Industrial Relations Commission…
Week of July 21-27, 2020
You Cannot Predict the Future, But You Can Stay on Top of Your Market
Appraisal Buzz
A significant decrease in this ratio is probably not short-term. It too indicates a softening of the market. One of the reasons we are relevant is because an AVM cannot discover the rationale behind these changes and then explain them to the client. Only an appraiser can do that…
How Are Appraisal Complaints Enforced?
Appraisal Buzz
Disciplinary complaints against appraisers have become more frequent over the last several years. Of course, not all appraisal complaints result in disciplinary action. If you have had a complaint issued against you, you’re probably curious about how it will be handled. Let’s take a 30,000-foot view of the enforcement process—the details of which will vary significantly from state to state…
Chronicle endorses Cregg Dalton for Property Appraiser
Citrus County Chronicle (Crystal River, Fla.)
[Tim] Reynard’s [MAI] post-undergraduate education is more nuts and bolts oriented with five years of appraisal course work and 5,000 hours of accredited work experience that earned him the highest appraisal designation of “Member Appraisal Institute” from the highly regarded Appraisal Institute…
Advice for Working with Difficult Clients
Appraisal Buzz
Even if the bulk of your appraisals are fairly cut and dried, and require minimal interaction with a human client, any appraiser will occasionally have to work with a difficult client. The assignment might require you to work with a specialty property that is hard to appraise, or with a client who is personally disagreeable, or exceptionally exacting, or who has an agenda that you don’t understand or can’t go along with…
Appraisal Institute Urges Swift Passage of Appraisal Portal Legislation
RealEstateRama, State News Service, Blogarama, RisMedia
“Appraisers need help reducing their administrative burdens and servicing clients, particularly in a socially distant workplace where clients may be located in other states,” said Appraisal Institute President Jefferson L. Sherman, MAI, AI-GRS…
Walker & Dunlop Appoints Nicole Urquhart-Bradley COO
PR Newswire, CityBizList, Pittsburgh Post-Gazette, TickerTech.com, Benzinga
(This article was also included in an additional 74 outlets.)
Walker & Dunlop, Inc. and GeoPhy announced today that it has appointed Nicole Urquhart-Bradley, MAI as Chief Operating Officer and Managing Director of their multifamily appraisal business, Apprise. Based out of the company's headquarters in Bethesda, Maryland, Ms. Urquhart-Bradley brings more than 30 years of commercial appraisal experience to Apprise…
VIDEO: 10 Do’s, 10 Don’ts for Getting a Higher Property Value From Your Yard
The Mecklenburg Times (Charlotte, N.C.)
The Appraisal Institute, America’s biggest association of real estate appraisers, advises homeowners that “improving their property’s landscaping can result in a significant return on investment when selling the home.”...
Week of July 14-20, 2020
Demand for new homes prompts large investment in vacant property in southwest Bakersfield
Bakersfield.com (Bakersfield, Calif.)
Bakersfield appraiser Gary Crabtree [SRA], who tracks the local housing market, said the properties appear to be part of a trend in which land approved for construction during the housing boom of the early 2000s is gradually being developed…
Is Now a Good Time to Get Into Commercial Appraisal Review?
Appraisal Buzz
In a word, yes. Based on recent market data regarding the recovery of commercial real estate following the COVID-19 pandemic, appraisers would do well to add commercial appraisal review assignments to their valuation service offerings…
First Community Bank announces promotions
Batesville (Ark.) Daily Guard
Jonathan Cole [SRA] has been promoted to SVP appraisal review manager. Cole has more than 16 years of experience in the appraisal industry and recently earned the SRA designation from the Appraisal Institute…
EDWARD FRIIHAUF [MAI], RESEARCH CHEMIST, INNKEEPER, AND REAL ESTATE APPRAISER
Vermont Digger
While appraising, Ed joined the Appraisal Institute and achieved the designation of MAI granted by that professional organization. Ed served the Vermont Chapter of the Appraisal Institute in several capacities, including the Board of Directors…
Homeowners Often Oppose Nearby Solar. But Do Projects Really Hurt Connecticut Property Values?
WNPR-FM (Hartford, Conn.)
Kern G. Slucter [MAI, SRA], a principal in the Gannon Group appraisal firm in Michigan, said he finds the insinuation that appraisers would tailor their findings to suit a developer’s interests “insulting.”… “Ethically and legally … I am bound to be unbiased,” said Slucter, who has worked in the profession for more than 30 years and also teaches ethics…
Yahoo Finance!, Realty Times, Investopedia, Markets Insider, Morningstar
(This article was included in another 62 outlets.)
Walker & Dunlop, Inc. and GeoPhy announced today the expansion of their multifamily appraisal business, Apprise, with the addition of Doug Koch, MAI, AICP, as Senior Director and Affordable Practice Lead…
Appraisal Buzz
Today, the appraisal industry is facing the same kind of leap in valuation technology that was faced by the railroad industry and the ice making industry. I am talking about AVMs. Is the new technology a friend or foe? It depends on the business you are in. If you are in the ice making business, the people in the cooling business will put you out of business with better cooling technology…
Week of July 7-13, 2020
League of Women Voters: Property Appraiser
Citrus County Chronicle (Crystal River, Fla.)
I'm Tim Reynard, current Deputy of Appraisal at the Citrus County Property Appraiser's office, working with senior management in assessment administration for 6 years and defending $200 to $300 million dollars in valuations each year at VAB hearings and in appraisal litigation. I have been a professional appraiser for 34 years, with 15+ years of appraisal litigation experience, with a doctorate level MAI designation from the Appraisal Institute, the highest designation you can get in appraisal…
In the Trenches… Appraiser Stories
Appraisal Buzz
As an appraiser for well over four decades, I have had to value dozens of historic houses, some of which were supposedly haunted. One of these was the home of Grace Sherwood, the infamous “Witch of Pungo.” She was a colorful character, to say the least, and way ahead of her time for the 1690s…
New SACA president is former bank executive/ appraiser and Lancaster Catholic grad
Lancaster (Pa.) Online
The Spanish American Civic Association and its affiliate, SACA Development, have hired Jose R. Lopez [MAI, AI-GRS], a former bank executive and commercial real estate appraiser, as president, a new position that will oversee day-to-day operations of both non-profit organizations…
AI: Homeowners can help appraising during pandemic
Valuation Review
Despite the coronavirus and safety considerations, homeowners still can work with appraisers to help provide a full picture of their property, the Appraisal Institute (AI) said in a release on its website…
Week of June 23 - 29, 2020
Florida has thousands more properties with high flood risk than FEMA says, according to new study
Tampa Bay Times
Mike Twitty [MAI], the Pinellas property appraiser who also chairs the state appraiser association’s flood impact committee, said he’s well aware of mis-mapping by FEMA in some areas but is cautious about the impact of dire reports…
John Harwood Harding of Santa Barbara, 1937-2020
Noozhawk (Santa Barbara, Calif.)
John Harding [MAI] was born in Cambridge, Mass., on Oct. 9, 1937 to Franklin H. Harding, Jr. and Elsie Ruth Harding (Gens). Both parents were graduates of Boston University Law School…
RealMassive & Appraisal Institute Enter Affinity Agreement
Appraisal Buzz
RealMassive, a commercial real estate technology company, is working with the Appraisal Institute (AI), the nation’s largest professional association of real estate appraisers, to provide AI professionals with access to its real-time data platform, DataQu, at no cost for the rest of 2020. In 2021, AI professionals will receive a 10% discount on their subscription…
Checklist: What to Include in a Narrative Appraisal Report
Appraisal Buzz
Report writing is an essential step in the appraisal process. Want a quick breakdown of everything that belongs in a narrative appraisal report? Here’s an outline of the items that should appear in your report. Although you may not find it necessary to include every single item, you can use this as a checklist of topics to at least consider including in your report…
Spotting fake home appraisal pictures
WTOP News (Chevy Chase, Md.)
(This article also mentions Adam Johnston, SRA, AI-RRS.)
“Appraisers may be asking more questions in these limited situations, so understand that they are gaining knowledge that will help their work be as thorough and professional as possible,” said Appraisal Institute President Jefferson Sherman [MAI, AI-GRS]…
Week of June 16 - 22, 2020
Virtual Spring Valuation 20/20 Recap
Appraisal Buzz
These sessions were: “Appraisal Investigations – Great Expectations” and “Technology and Assistance – Who is Pushing the Buttons” both hosted Joshua Walitt [SRA, AI-RRS], “Dig Your Well Before You’re Thirsty” and “Building the Million Dollar Appraisal Business” both hosted by Blaine Feyen of Real Value Group, “Social Media: The basics of creating, maintaining and expanding your business” hosted by Mark Skapinetz of What’s It Worth Appraisal Services, and “Stop the Revolving Door on Revision Requests” hosted by a panel including Kim Perotti of AXIS Appraisal Management, John Dingeman of Class Valuations and Bill Waltenbaugh of Clarocity…
The Impact of COVID-19 on the Multifamily Appraisal Industry
REBusiness Online, Texas Real Estate Business
According to the Appraisal Institute, the current environment is fluid: An important part of any appraisal assignment is an analysis of market conditions. The coronavirus threat may be impacting market conditions. However, in most markets, it is not yet clear to what extent, if any, market conditions are affected. Related, complicating factors include fluctuations in the stock market and changes in mortgage interest rates…
Ohio Delivers High Property Tax Values
REBusiness Online
The county assessor, in the ordinary course of setting values, assessed the value at $1.3 million. Then a Member of the Appraisal Institute (MAI) appraiser hired by the property owner calculated a value of $715,000. Another MAI appraiser, this one hired by the county assessor, set the value at $1.9 million…
Fannie extends deadline date on flexibilities
Valuation Review
Fannie Mae released information pertaining to the extension of the effective date surrounding the application dates eligible for temporary flexibilities to appraisal guidelines stemming from COVID-19…
Homeowners Can Help Appraisers During COVID-19 Pandemic, Appraisal Institute Says
PR Newswire, The Oklahoman (Oklahoma City, Okla.), Pittsburgh Post-Gazette, Investor Point, Realty News
(This article was included in an additional 30 outlets.)
"The coronavirus pandemic certainly has created a new situation for appraisers, particularly in the residential market," said Appraisal Institute President Jefferson L. Sherman, MAI, AI-GRS…
Los Angeles Times
Robert A. "Bob" Steele [MAI], accomplished business professional, devoted father, and loving husband died on 2 May 2020 at the age of 87. Born in Sioux City, Iowa, in 1932, Bob's family moved to Los Angeles in 1941…
Appraiser shares his COVID-19 recovery experience
Valuation Review
It seemed to be just another regular day for one appraiser driving back to his office from an assignment. But soon, nothing physically felt regular, and things would take a very drastic turn for the worse…
Integra Realty opens Kansas City office
Valuation Review
Schopp is doing this along with Brock Heyde [MAI], who joins IRR as senior managing director. Julie Grantham, an experienced commercial real estate appraiser, also is joining IRR-Kansas City as managing director. The IRR-Kansas City office is the 10th Midwest office for the company, and IRR’s 58th office across the country…
Week of June 9 - 15, 2020
Obituary: Nanette Zalar O'Hara
Patch.com (Plainfield, Ill.)
Nanette "Nan" Zalar O'Hara [SRA], of Joliet, passed away peacefully Tuesday, June 9, 2020, in the comfort of her own home…
What’s New in Appraisal Membership: June 2020
Appraisal Buzz
This top-rated recorded webinar is presented by AQB Instructor Toni Viens, MAI, SRA. In the seminar, Viens provides new details about the USPAP Standards that govern appraisal review for commercial real estate…
Fannie Mae and Freddie Mac Extend COVID-19 Origination Guidance
JD Surpa
With regard to the previously announced temporary appraisal flexibility in view of the difficulty of performing appraisals based on COVID-19, Fannie Mae and Freddie Mac extend the availability of such flexibility to apply to notes with application dates on or before July 31, 2020 (the prior date was June 30, 2020)…
Technology in the time of COVID-19 - by Bill Pastuszek
New England Real Estate Journal
(This article was written by Bill Pastuszek, MAI.)
In this jumbled, unreal, and hard time world, after a long, uncomfortable lock-down, we yearn for some semblance of normalcy. As we start to come out of the lock-down, we think about doing things that we haven’t done or haven’t been allowed to do…
CNBC
At any given time, Terrence Bilodeau can tell you his exact net worth. The 35-year-old real estate appraiser based in Fort Worth, Texas, checks it monthly to see how far he is from his goal of $10 million…
FGBC Presents ‘Pitfalls to Avoid in Marketing, Financing, and Valuing Green Homes’
Tampa Bay (Fla.) Newswire
The Florida Green Building Coalition and member Sandra K. Adomatis, SRA, LEED Green Assoc., NAR GREEN are presenting a Webinar on Pitfalls to Avoid in Marketing, Financing and Valuing Green Homes… Sandra is a member of the Florida Green Building Coalition and designated as an SRA Member (Residential Specialist) of the Appraisal Institute…
Three Things Appraisers Should Remember During A Pandemic
Appraisal Buzz
Life is full of ups and downs. Though we can take steps to prepare, we can never fully control what changes come our way. It is our role to determine how we will respond. Though the human spirit resists change by nature, it can be a fertile field for growth if we choose to see it that way. During this, and any season of vicissitude, there are three things an appraiser would be wise to remember…
Allen County property tax assessment appeals deadline looms
Business Weekly (Fort Wayne, Ind.)
(This article also mentions Matthew A. Griffin, MAI.)
Dan Kruse [Practicing Affiliate], an Indiana Certified General appraiser with more than 25 years of experience in commercial and industrial real estate valuations…
How the coronavirus created new compliance headaches
Credit Union Journal
Appraisals will continue to meet NCUA requirements if they comply with Uniform Standards of Professional Appraisal Practice (USPAP), which does not require an interior, onsite assessment if not deemed necessary by the appraiser…
Rayburn Broadcasting Company (Jasper, Texas)
Known as G-Dee to Emma, Daddy Wayne/The Captain to his grandchildren, and G. Wayne to many, he was well-known in the Jasper area as a prominent realtor and owner of Wayne Stephenson Realtors and an MAI-designated real estate appraiser for 47 years..
Valuation Review
The Appraisal Institute (AI) officially announced the cancellation of its annual conference scheduled for Aug. 3-5 in Orlando, Fla…
Week of June 2 - 8, 2020
The Appraisal Buzzcast – Arm’s Length Transactions
Appraisal Buzz
(This article was written by Joshua H. Walitt, SRA, AI-RRS.)
We will be hosting episodes with leaders and experts in the appraisal industry about events and news occurring today. You’ll hear great advice and tips as an appraiser, so tune in as you drive to your next inspection!...
The 5 Ws of Self-Storage Feasibility: Who, What, Where, When and Why
Inside Self-Storage
Amanda Helfrich, is an appraiser and feasibility consultant with Starr Commercial Real Estate in Louisville, Ky. She has worked as a commercial appraiser for 13 years and holds a MAI designation from the Appraisal Institute…
NAFCU Calls for Additional Relief Following NCUA Final Rule on Appraisals
CUtoday.info
In the wake of NCUA's interim final rule allowing credit unions to defer the requirement to obtain an appraisal or evaluation for up to 120 days following the closing of a transaction for certain residential and commercial real estate transactions amid the coronavirus pandemic, NAFCU is offering recommendations for additional relief…
Integra Realty Resources opens Kansas City office
RE Journals
Bradley Schopp, who serves as executive director of IRR’s St. Louis office, is opening the new Kansas City office. He is doing this along with Brock Heyde {MAI], who joins IRR as senior managing director… Heyde serves on the board of directors of the Kansas City Chapter of the Appraisal Institute…
WBEZ 91.5 Chicago
That’s when appraisers calculated that even with all-new electricity, plumbing, windows, air conditioning, a modern kitchen and a mother-in-law suite, the remodeled house would be worth only $300,000 — shockingly low...
Missoula realtor and appraiser criticize Sleepy Inn deal
KECI-TV NBC (Missoula, Mont.)
But the appraisal question comes up again, this time in a letter from a Missoula commercial appraiser. Steven Hall [MAI] writes there was time to get an appraisal and argues the mayor and the council chose to not get one…
NCUA appraisals rule grants “appropriate regulatory flexibility’
Credit Union National Association
CUNA wrote in support of NCUA’s interim final rule (IFR) on real estate appraisals Thursday, saying it minimizes instances of borrowers experiencing delays in obtaining funds needed to meet immediate and near-term financial needs. NCUA issued the rule at its April meeting…
Covid-19 – Appraisers Taking Precautions
Appraisal Buzz
Appraisals too have changed, at least temporarily. Guidance issued by industry organizations – such as the Department of Veterans Affairs (VA), Fannie Mae and Freddie Mac – outline new, temporary appraisal standards and procedures including:..
National CRE appraiser opens KC office in Downtown's Lightwell building
Business Journal (Kansas City, Mo.)
Bradley Schopp [MAI], executive director of the St. Louis office, will oversee the new Kansas City office, along with Senior Managing Director Brock Heyde and Managing Director Julie Grantham [MAI, AI-GRS]…
The One Thing That’s Most Often Overlooked by Appraisers
Appraisal Buzz
We recently asked our appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” We received a wide variety of answers ranging from big-picture oversights to specific details. The most common answer we received was “Highest and Best Use.”…
PR Newsiwre, Numbers marketplace, Pittsburgh Post-Gazette, Benzinga, Biz Wire Express
(This article was included in an additional 44 outlets.)
(This article also mentions Keith Nelson, MAI and Joe Rexroat, MAI.)
"We remain committed to providing top-quality valuation services and look forward to the great work we will be able to do in our new structure," said Bennett Sands, MAI, ASA, Principal of CSVA. "The merger of our two companies presents a tremendous opportunity for accelerated growth and elevated service to our customers. Adding RPG enhances our ability to attract top talent and strengthens our capacity to deliver reliable valuations to clients across a wide range of property types, now including highly-specialized C-Store assets."…
Week of May 26 - June 1, 2020
Relaxation of Real estate Evaluation and Appraisal Requirements
Business Journal (Grand Rapids, Mich.)
As a result of COVID-19 and the subsequent stay-at-home orders issued in many states requiring certain social distancing measures, a collection of federal agencies has issued guidance that provides flexibility for property evaluations and appraisals for certain real estate transactions…
The News-Gazette (Champaign, Ill.)
In addition, Dan became a certified general real estate appraiser in 1999 and earned the Appraisal Institute’s MAI designation for expertise in commercial real estate valuation in 2005…
Understanding a Vacant Land Appraisal and How It’s Conducted
Million Acres
There are four tests that the Appraisal Institute recommends appraisers use to help determine the highest and best use of the property…
Grow Your Business with Facebook
Appraisal Buzz
Way more people are online now more than ever as they work from home. People are on their phones more or in front of their personal computers, so it’s never been a better time to jump into social media advertising for your appraisal business. Engagement rates are higher than ever right now…
North Carolina Chapter of the Appraisal Institute (NCAI)
To learn more click the link below.
Copyright © 2018 {Aufrance Valuations} - All Rights Reserved.
Powered by GoDaddy Website Builder