Industry News

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…


Mass/RI Chapter of Appraisal Institute and MBREA hosted the New England Appraisers Expo on October 21st

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

 

Appraisal Availability

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…


Appraising in Alaska

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)…


'Zillow For Commercial': Biproxi Aims To Transform Commercial Real Estate With Algorithmic Data Platform

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…


“A captured audience"

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…

North Carolina Chapter of the Appraisal Institute (NCAI)

To learn more click the link below.