Week of November 5 - 11, 2019
Residents fear development will displace them
U.S. News & World Report, The Middletown Press (New Haven, Conn.), SFGate, Washington Times, Houston Chronicle
A large portion of River Park homes have remained the same for years, but that could all change with interest from developers and new residents. The demolition or remodeling of many of these homes is "likely" in upcoming years, according to Cindy Carroll [SRA], a Naples real estate appraiser…
McKissock Learning Announces the Launch of New Real Estate Appraiser Exam Prep Programs
Business Wire, Yahoo! Finance, Pittsburgh post-Gazette, Houston Chronicle
McKissock Learning, the leading national provider of online education for real estate appraisers, today announced the launch of two new real estate appraiser exam prep programs. Exam Prep for Licensed Residential Appraisers and Exam Prep for Certified Residential Appraisers are exam simulation programs that prepare residential appraiser candidates to pass the National Uniform Licensing and Certification Examination on the first attempt…
Appraisal Industry Veteran Michael Welch Returns to Integra Realty
Commercial Property Executive
A few months after appointing a new CEO, Integra Realty Resources has welcomed back Michael Welch [Practicing Affiliate] as Managing Director of the company’s Houston office. Together with Senior Managing Directors Todd Rotholz [MAI] and Edward Schulz [MAI, SRA], he will expand the firm’s consulting and litigation services…
New England Real Estate Journal
The Mass/RI Chapter of Appraisal Institute and MBREA hosted the New England Appraisers Expo on October 21st at the Four Points by Sheraton Norwood, 125 Boston-Providence Turnpike. Below are photos from the event…
OMS petition comes to fruition on Nov. 5 ballot
Pilot Tribune (Storm Lake, Iowa)
Jim Verschoor [MAI], commercial appraiser with Tri-State Valuation and Consulting of Sioux City, prepared a Jan. 31, 2018, appraisal for the district and said large differences between appraised values and assessed values are common with school buildings…
Have Investment Sales Finally Fallen Off a Cliff?
Commercial Observer
“[The refinancing] market is going to be very robust,” he said. “Until banks and appraisers start viewing the value of these buildings the way investors are, it’s going to be very robust, because rates are low.”…
Appraisal Institute Seeks Speakers for 2020 Annual Conference
RealEstateRama, PressReleasePoint
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals for presentations at its 2020 Annual Conference, Aug. 3-5, at the JW Marriott in Orlando, Florida. The deadline is 5 p.m. CST Nov. 25…
McKissock Learning Announces the Launch of a New Luxury Home Appraiser Certification
Business Wire, Yahoo! Finance
“From millennial millionaires to traditional high-end home buyers, the luxury home market requires a different approach, including how to appraise the properties,” said Ashleigh Wallach, General Manager of Appraisal Education at McKissock Learning and a Certified General Appraiser in Missouri. “…
Valuation Innovation: Preparing Yourself for the Future
Appraisal Buzz
I worked as an Administrator in an appraisal office when I was in high school and started my appraisal apprenticeship when I was 19. Later on, I opened my own shop and was also a REALTOR® for several years. In 2010, I was recruited by Fannie Mae as a Post-acquisition Appraisal Reviewer and moved into the collateral policy space in 2016…
Governor Cooper Announces Appointments to State Boards and Commissions
Publicnow
(This article also mentions Lynn Carmichael, MAI, AI-GRS.)
Claire M. Aufrance [MAI, SRA] of Greensboro as a real estate appraiser. Aufrance is an appraiser at Aufrance Valuations, LLC. Aufrance serves on the Appraisal Institute Board of Directors as vice chair, representing region five. She is also a member of the Commercial Real Estate Women (CREW) and the Greensboro Regional Realtors Association…
Week of October 29 - November 4, 2019
Real Estate Abbreviations and Acronyms
Motley Fool LLC
MAI: Member of the Appraisal Institute…
Fun with Fannie, Freddie, and Friends
Appraisal Buzz
The community has been disturbed recently by new developments. Yes, change is coming. Yes, change is near. No, no one really knows how this is going to go. Each stakeholder sees things through different eyes – Appraisers, banks, Appraisal Management Companies (AMCs), underwriters, risk analysts, and the public. Yet, what is really apparent, is that these GSEs are experiencing a new disturbance of their own…
Here’s who’s running in Tavares
Daily Commercial (Leesburg, Fla.)
I [Walter Price, MAI, SRA] am a proven leader, having served as President of the Central Florida Chapter of the Appraisal Institute overseeing 250 appraisers, and currently serve as Chairman of the Republican Party of Lake County…
Iconic St. Pete motel sells for 11 times what it did in the ‘80s
Tampa Bay (Fla.) Times
The price was among the top paid for property along Fourth Street N and reflects its status as one of Tampa Bay’s prime shopping and dining streets. "As far as a retail corridor, that’s basically as good as it gets for us,'' said Pinellas County Property Appraiser Mike Twitty [MAI]…
Crane: Misidentification represents my Scottsdale property inaccurately
Scottsdale (Ariz.) Independent
(This article was written by Carter Crane, SRA.)
My name is Carter CRANE, not “Crane CARTER.” I am the trustee of a trust that owns the property on Winfield Scott Plaza for which a third-party prospective purchaser, Sunday Goods, now seeks to rezone for its future possible use as a medical marijuana facility after the closing of its purchase…
The Wonderful World of Selling Your Haunted House
Atlas Obscura
Real estate law is, with a few exceptions, dependent on state rather than federal statutes. (Those exceptions include disclosures for stuff like asbestos and lead paint.) States have wildly different requirements for what’s called disclosure, or what a buyer has a right to know about a house before the purchase is complete. “About half the states are disclosure states, and half are called caveat emptor,” says Randall Bell [MAI]..
California's Wildfires Put Tens of Thousands of Homes at Risk Amid a Housing Shortage
Realtor.com
Any homes that are damaged or destroyed by the fires will obviously lose significant value. But residences that survive the disasters unscathed in badly hit areas often sell for discounts of 10% to 25% for a few years, says real estate appraiser Orell Anderson [MAI] of Strategic Property Analytics…
City Council votes to introduce ordinance for Northwestern to host professional events
The Daily Northwestern (Evanston, Ill.)
Residents within U2 zoning districts have voiced their concern with the plans, with more than 700 members signing a petition to vote down the amendment. During the meeting, Evanston residents also had two experts speak on their behalf to give a presentation: economic consultant Tim Guidmond and Appraisal Institute member Howard Richter [MAI, AI-GRS]…
Trade group: Raising appraisal threshold could benefit CUNA members
Valuation Review
“While the recent changes to the NCUA’s appraisal regulations have been helpful, we ask the agency to pursue additional changes to decrease unnecessary regulatory burden on credit unions and their members,” the letter reads…
FHA announces more training sessions
Valuation Review
The Federal Housing Administration (FHA) will conduct free appraisal training sessions in Denver on Nov. 6 and in Atlanta on Nov. 13. These sessions are targeted primarily to appraisers and underwriters; however, other industry professionals including processors, mortgage loan professionals, loan officers and property inspectors may also benefit from attending, the FHA announced…
Week of October 22 - 28, 2019
Appeal planned after historic mansion demolition denied in Naperville
Daily Herald (Arlington Heights, Ill.)
Selling the roughly 4 acres along Wright Street, with its current zoning for residential use, could bring in enough return to help make a move economically feasible, Briggs said. Appraiser Philip J. Butler [MAI], hired by Little Friends, valued the property at $5.5 million…
Appraisers Provide a Wide Variety of Services, Appraisal Institute Says
PR Newswire, Investor Point, The Oklahoman (Oklahoma City), Arizona Republic (Phoenix), Morningstar
(This article was included in nearly an additional 80 outlets.)
Hiring a Designated Member of the Appraisal Institute can provide a broad range of benefits to commercial and residential clients, the president of the nation's largest professional association of real estate appraisers said today… "When hiring a valuation professional, clients should first understand the role of an appraiser," said Appraisal Institute President Stephen S. Wagner, MAI, SRA, AI-GRS…
New homes are on the rise in Bakersfield real estate market
National Mortgage News
In September, only 918 resale homes in Bakersfield were listed for sale, down by more than a fifth from a year before, when inventory was already relatively tight, according to numbers provided by local appraiser Gary Crabtree [SRA]…
Appraising Appraisers and The Appraisal Process
Builder
“Appraisers begin as trainees,” says Stephen S. Wagner [MAI, SRA, AI-GRS], president of the Appraisal Institute, which is based in Chicago. “After compiling a certain amount of experience hours, which varies by type of practice, and completing a required amount of valuation-related education, trainees may pursue a license from a state regulatory body.”…
How to Retire: A Guide for Real Estate Appraisers
Appraisal Buzz
At what age will you be able to retire? Could you retire right now? Should you? How can you know? If you are an independent appraiser, these can be particularly hard questions to answer, since you may be mostly or entirely responsible for setting up your retirement plan. Here are some insightful tips on how to retire, geared specifically toward real estate appraisers…
Would You Buy Serial Killer John Wayne Gacy's Property?
TimesUnion (Albany N.Y.)
Although the original house has been demolished, the crimes are still so memorable, even more than 40 years later, that the house is likely to sell at a discount of 10% or more, in the opinion of real estate appraiser Orell Anderson [MAI]. He's the president of Strategic Property Analytics in Laguna Beach, CA…
What to Expect When You Go to Court
Appraisal Buzz
You, the appraiser, could be cross-examined in the future. Here is what to expect when you go to court as the expert. To begin, it will not be an easy or pleasant experience. An appraiser must personally verify the information and personally inspect and photograph every comparable…
NCREIF announces agricultural appraisal guidelines
Valuation Review
The newly issued Agricultural Appraisal Guidelines from the National Council of Real Estate Investment Fiduciaries (NCREIF) represent the first set of comprehensive industry guidelines developed to meet the demanding reporting needs of institutional investors, the Appraisal Institute (AI) reported on its website…
Week of October 15 - 21, 2019
American Bankers Association
Banks are currently facing unique challenges in light of appraiser shortages in many regions of the country, but more specifically in small urban and rural areas for real estate transactions. Our members report there is a limited number of qualified appraisers willing to accept assignments in many of their markets – even when the bank is willing to pay a premium for the assignment…
Home value perceptions improve in September
The Day
There was little difference in value perception among the different regions in the United States. The average appraisal was 0.45 percent less than expected in the West, 0.5 percent lower in the Northeast, and 0.51 percent lower in the Midwest and South…
Maine Chapter of the Appraisal Institute Update
New England Real Estate Journal
(This article was written by Donald MacKay, MAI.)
A goal for the Maine Chapter of Appraisal Institute has been to improve the number and quality of our educational offerings, with an eye to attracting appraisers from other regions to our courses. With the bank thresholds increasing, technological changes, and various market and regulatory changes, there are many hot topics that are concerning to appraisers…
Appraisal of a property with excess land can be challenging
New England Real Estate Journal
(This article was written by Steven Spangle, SRA.)
The appraisal of a property with excess land can be challenging. Excess land is land that is not needed to serve or support the existing use. The highest and best use of the excess land may or may not be the same as the highest and best use of the improved parcel. Excess land has the potential to be sold separately…
NH/VT chapter of Appraisal Institute president’s message
New England Real Estate Journal
(This article was written by Robert Concannon, MAI.)
I am honored to serve as your 2019 president of the NH/VT chapter of the Appraisal Institute. I look forward to keeping our chapter fiscally and operationally strong as the appraisal profession moves forward in these vastly changing times. The Appraisal Institute is a global membership association of professional real estate appraisers with a membership of over 26,000 members and almost 80 chapters…
State regulators don’t second-guess low-ball appraisals
Los Angeles Daily News
It’s an opinion of value that can make a break a deal. That’s what real estate appraisers produce. Yet, once that opinion is delivered, and if it is not what stakeholders (buyers, sellers, Realtors and mortgage loan originators) need or expect, angst, second-guessing and accusations of appraiser incompetency sometimes follow…
BPPJ partners with WK on future Palmetto hospital project
KPVI-TV Online
Accepted proposal of David W. Volentine, MAI, for appraisal services for necessary parcels, tracts, properties or servitudes required for Linton Road bridge over Black Bayou Reservoir project…
BBG Acquires New Jersey-Based Izenberg Appraisal Associates
PR Newswire, TickerTech.com, Markets Insider, Pittsburgh Post-Gazette, Benzinga
(This article was included in 55 additional outlets.)
(This article also mentions Louis S. Izenberg, MAI.)
BBG appointed Louis Yorey, MAI, MRICS, as Senior Managing Director of the New Jersey office. Mr. Yorey will also remain as the National Practice Leader of BBG's Advisory Services…
Occupational Licensing Hurting West Virginia’s Economy
Forbes
Some of West Virginia’s high-barrier occupations include barbers, massage therapists, nail technicians, and certified general appraisers of property. To become a certified appraiser, West Virginia requires two exams while Ohio and Pennsylvania only require one…
The US Real Estate Appraisal Market (2019-2023) - Industry Experiencing Increased Regulation
PR Newswire, Markets Insider, TickerTech.com, Pittsburgh Post-Gazette, Business Wire
(This article was included in 34 additional outlets.)
The US Real Estate Appraisal market has been on a declining trend since 2014; due to increased regulations in the industry, as a result of which several appraisers switch to other fields of work within a span of five years…
Cannabis Media Site Leafly Alerts Users Of Leaked Data Stored On Exposed Database
Times of CBD
Arina has a Master’s degree in Business and lives in Sydney, Australia and is one of our top contributors as a postgraduate qualified writer. While being a Member Of The Appraisal Institute, she focuses her writing efforts on health, home, business, technology and now cannabis/cbd here…
OCC reminds AMCs about registration requirements
Valuation Review
The Office of the Comptroller of the Currency (OCC) issued a bulletin to remind banks of the new registration requirement for appraisal management companies (AMC) that became effective Aug. 10, 2019…
Week of October 8 - 14, 2019
BBG Acquires New Jersey Real Estate Appraisal Firm
GlobeSt.com
BBG, which offers comprehensive due diligence services including valuation, advisory, property assessment, energy services, cost separation and zoning, has appointed Louis Yorey, MAI, MRICS, as senior managing director of the New Jersey office….
Calv Elects 2020 Board, Led by Incoming President Robin Civish
Nevada Business
President-elect Petra Latch, Member of the Appraisal Institute (MAI), executive director of valuation and advisory at Cushman & Wakefield…
Appraising cold storage/food facilities: Cost vs. market value - by Thomas Jensen
New England Real Estate Journal
(This article was written by Thomas Jensen, MAI.)
It is important for an appraiser to understand the difference between cold storage and food processing facilities compared to other forms of more traditional warehouse and manufacturing plants. The appraiser first needs to identify their unique physical characteristics and use the appropriate market data in the valuation analysis…
Appraisal Buzz
Of course, the people that you meet go a long way to defining the Alaska appraisal experience. Us rabid fjord dwelling appraisers here in the Southeast have had to learn the ropes in a variety of different towns. One is knowing the best source of data…
Home Values Make Largest Monthly Climb in 5 Years, According to Quicken Loans Study
RISMedia
Homeowners are moving closer to understanding their home’s true value, according to the Quicken Loans National Home Price Perception Index (HPPI). The report showed that the average home appraisal in September was just 0.49 percent lower than what homeowners expected. This is positive movement toward equilibrium between owners’ estimates and appraisers’ opinions, considering the data from August showed appraisals 0.64 percent less than what was expected…
Agencies finalize rule raising residential real estate appraisal threshold
Oklahoma Bankers Association (Oklahoma City)
This evaluation will provide an estimate of the market value of the property without requiring the involvement of a state licensed or certified appraiser. The final rule does not apply to loans sold to or guaranteed by the FHA, HUD, VA, Fannie Mae, or Freddie Mac – which will still require an appraisal, according to each agency’s rules…
New Appraisal Exemption Rule Takes Effect Today
National Association of Realtors
Certain home sales of $400,000 and below will no longer require an appraisal, under a new rule that takes effect today. Homes that qualify for the appraisal exemption can receive an evaluation instead…
The Major Dispute Exposed by a New Appraisal of the Mission Valley Stadium Land
Voice of San Diego
The fair market value of the land is $68.2 million after you subtract out the estimated $18 million cost of constructing the park, the appraiser, David Davis [MAI], concluded. The appraisal had to consider the value of the land as of 2017, because that’s what the initiative demanded. In a follow-up email the city made public, Davis said that he wanted to weigh in on the dispute about the park…
Real Estate Appraisals – When the Numbers Don’t Add Up
River Journal (Briarcliff Manor, N.Y.)
Along with the MLS, current home listings are also important for appraising. As an appraiser told me, “If I can find several similar active listings which are well below the subject’s contract price, there is going to be a problem.”…
Homeowner value perceptions improve in September
Mortgage Professional America
The National Home Price Perception Index (HPPI) showed that the average home appraisal was 0.49% lower than what homeowners were expecting in September. This gap shrank from 0.64% in August…
Bidding Wars, Appraisal Waivers, and Other Appraisal News
Appraisal Buzz
Housing competition edged up slightly in September, with bidding wars heating up across the nation. Rumors are circulating about a possible end to GSE appraisal waivers. The new USPAP publication for 2020-21 is now available, and it has some cool new features. Plus, have you considered specializing in luxury appraisals? Read on for the latest in appraisal news…
Bath & Technology Real Estate Trends
Kitchen & Bath Design News
The Appraisal Institute’s [Stephen] Wagner [MAI, SRA, AI-GRS] points out, “Smart home features are important to many millennial buyers, and they often like the ability to control water heating, temperature and even security from their phone.”…
It’s official: Appraisals are no longer required on some home sales of $400,000 and under
HousingWire
Last month, the agencies all approved the rule. And Tuesday, the rule was published in the Federal Register, making the appraisal threshold increase effective the following day, Oct. 9, 2019…
Week of October 1 - 7, 2019
Agencies Raise Appraisal Threshold Exemption
JD Surpa
Finally, the Final Rule requires that appraisals performed in connection with federally related transactions be subject to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice…
Appraisals Will Not Be Required For Homes Listed $400,00 And Under
Builder
“The appraisal threshold was last changed in 1994,” the federal agencies said in a joint statement. “Given price appreciation in residential real estate transactions since that time, the change will provide burden relief without posing a threat to the safety and soundness of financial institutions.”…
Financial Services Weekly News: House Passes Cannabis Banking Bill
JD Surpa
The Agencies noted that evaluations, required since the 1990s, are generally less burdensome than appraisals. The Rule will be effective one day following its publication in the Federal Register…
HVS Market Report - Columbia, South Carolina - By McKenna Luke
Hotel News Resource, Hospitality Trends, Hotel Resource
McKenna Luke, MAI, a Director with HVS, resides in central South Carolina and is a member of the Charleston consulting team. McKenna earned her bachelor's degree in Hospitality Management and her MBA with a concentration in Finance from University of Denver. She holds a certified general appraisal license and is a Designated Member of the Appraisal Institute (MAI)…
Yahoo! Finance, Benzinga
“That’s the data on every property in the United States. The other things that we are developing is the ability to do what I call an MAI appraisal, a sort of certified appraisal," Smith said…
Why You Should Argue With Your Appraiser - Nicely (Podcast)
Bloomberg
If you don’t like how little your home appraises for, remember that the price they name is actually negotiable. Stephen Wagner [MAI, SRA, AI-GRS], president of the Appraisal Institute, has some tips. Bloomberg Radio’s Denise Pellegrini reports…
Federal Banking Agencies Increase Transaction Value Appraisal Exemption
JD Surpa
The final rule also implements a requirement under the Dodd-Frank Act that appraisals are subject to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice (USPA)
Walker Lane To Acquire Majority Stake With Cosmetics By Design CBD Company
TimesOfCBD.com
Arina has a Master’s degree in Business and lives in Sydney, Australia and is one of our top contributors as a postgraduate qualified writer. While being a Member Of The Appraisal Institute, she focuses her writing efforts on health, home, business, technology and now cannabis/cbd here…
The Real Deal (Miami)
Janet Sallander [MAI], a commercial real estate appraiser at Cushman & Wakefield, said mobile homes have become the “default working-class housing.”…
Appraisal-exemption threshold rises to $400K
Scotsman Guide
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have adopted a rule raising the appraisal requirement for certain types of residential real estate transactions from $250,000 to $400,000…
More Homes to Qualify for Appraisal Exemption
Realtor Magazine
The new rule requires institutions to obtain an evaluation of a property to provide an “estimate of the market value of real estate collateral.” The agencies behind the rule note that “evaluations are generally less burdensome than appraisals and have been required since the 1990s.”…
Tech Software is Changing the Appraiser Profession
Appraisal Buzz
As we all know, the whole appraisal industry has been changing with technology (whether we like to or not). Now more than ever, the increase in technology has a huge impact on the future of appraisers. With a proposal pending approval and new ways to appraise rapidly growing, the entire profession could be at risk…
Regulators Raise Residential Appraisal Threshold to $400K
National Mortgage Professional Magazine
The amended rule also mandated that transactions exempted by the $400,000 threshold will require an evaluation, and it offered appraisal exemption for rural residential properties provided by the Economic Growth, Regulatory Relief, and Consumer Protection Act and requires evaluations for these exempt transactions…
Adecoagro SA: Appraisal of Real Property Rural Properties in Argentina and Urugua
The Wall Street Transcript (New York)
The following definitions of pertinent terms are taken from The Dictionary of Real Estate Appraisal, Fourth Edition (2002), published by the Appraisal Institute, as well as other sources…
NPCA Board taps DOT, White House veteran to succeed staff chief Gable
Concrete Products (Denver)
Grubbe brings more than 25 years of non-profit executive leadership experience in associations, foundations and government. He previously led the Appraisal Institute, National Fraternal Congress of America and Think First Foundation…
FHA updates guidance on HECM program
Valuation Review
After reviewing new appraisal requirements issued last fall, FHA said the changes on reverse mortgage appraisals are working and the new requirements will continue…
AI: Appraisers can help clients get through natural disasters
Valuation Review
In the aftermath of a natural disaster, such as a hurricane, appraisers can help their clients by providing expert market analysis, the Appraisal Institute (AI) announced in a press release on its website…
Federal financial regulators adopt rule to increase threshold for appraisals
Financial Regulation News
For transactions that don’t meet the new appraisal requirement, the final rule requires institutions to get an evaluation to estimate the market value of real estate collateral. This is crucial because evaluations are typically not as burdensome as appraisals. Further, the evaluations have been required since the 1990s…
Week of September 24 - 30, 2019
Appraisals will no longer be required on certain home sales of $400,000 and under
HousingWire
“The appraisal threshold was last changed in 1994,” the federal agencies said in a joint statement. “Given price appreciation in residential real estate transactions since that time, the change will provide burden relief without posing a threat to the safety and soundness of financial institutions.”…
Agencies Issue Final Rule Raising Residential Real Estate Appraisal Threshold to $400K
ABA Banking Journal, Federal Reserve Bulletin, Publicnow, State News Service, Targeted News service
(This article was included in 8 additional outlets.)
The financial regulatory agencies today issued a final rule—which takes effect immediately once published in the Federal Register—raising the appraisal threshold for residential real estate transactions from $250,000 to $400,000…
Regulators finalize rule expanding exemption for home appraisals
Credit Union Journal, American Banker, National Mortgage News, Independent Banker
The three federal banking regulators have issued a final rule raising the threshold for residential real estate transactions that require an appraisal from $250,000 to $400,000 in order to ease regulatory burdens and keep pace with home prices…
Robots could replace loan officers in the future
Los Angeles Daily News
Another thing I learned at the conference was appraisals may become faster and safer…
2020 County Commission races attract 3 more contenders
Vero News (Vero Beach, Fla.)
Vero Beach City Councilwoman Laura Moss and barrier island real estate appraiser Steve Boyle [MAI] – both Republicans – put in their papers with the Indian River Supervisor of Elections to run for the District 5 seat being vacated by Solari…
Despite opposition, Matoaca solar farm project moves forward
Chesterfield Observer (Midlothian, Va.)
In response to questions from the commissioners, Richard Kirkland [MAI], a real estate appraiser hired by Cypress Creek, noted he has studied sales of more than 40 residential properties adjacent to solar farms and found no impact on property values, provided the facility is set back at least 125 feet from the nearest home…
National Precast Concrete Association Names Next President and CEO
Civil and Structural Engineer Media (Fayetteville, Ark.)
Grubbe brings more than 25 years of non-profit executive leadership experience in associations, foundations and government. He previously led the Appraisal Institute, National Fraternal Congress of America and the Think First Foundation…
Cushman & Wakefield expands team
Valuation Review
Kevin Nowadnick, Jennifer Forschler and Lauren Sanders [Practicing Affiliate] joined the firm’s valuation and advisory practice in Seattle, the company announced in a release…
Real Estate Careers and Their Designations
The Entrepreneur Fund (Duluth, Minn.)
MAI: The MAI designation is awarded by the Appraisal Institute to appraisers who are experienced in the evaluation and valuation of commercial, industrial, and residential property and who counsel clients on real estate investments. MAIs must hold an undergraduate degree from a four-year accredited institution, complete 400 hours of classroom instruction and pass a series of examinations, successfully take the General Comprehensive Examination (a two-day, four-part exam), and show evidence of 4,500 hours of specialized experience over at least three years...
Warren’s Wealth Tax Would Be a Pain for the IRS and a Boon for Appraisers
WealthManagement.com, Bloomberg (New York)
People apt to cheat on their taxes will always find ways to suppress their net worth to minimize the amount of tax they have to pay or avoid it entirely. But the subjective nature of appraisals leave a lot of room for reasonable people to disagree…
Media, Renovation, Blend Approval Products; Digital News; AFL-CIO's Mortgage Company
Mortgage News Daily
Anow has formed an affinity partnership with the largest appraisal organization in the U.S., the Appraisal Institute (AI), making Anow’s core appraisal office management platform available to AI members and affiliates at a reduced rate…
To learn more click the link below.
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