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 May 25 - June 1, 2021
Commissioners push asphalt plant decision to June 1
Henderson (N.C.) Lightening
Lynn Carmichael [MAI, SRA], an appraiser, presented her findings on whether an asphalt plant would have an "injurious impact" on neighboring residential property values. She studied home sales in the area around five different asphalt plants and five control groups in a half-mile, one-mile and five-mile radius. "Basically, I conclude that there was only one of the five of the groups that I examined met all the criteria" for an injurious impact, she said. Her study of two asphalt plants in Henderson County did not show lower values close to the plant, she said. "I therefore conclude that the asphalt plant does not have an injurious impact on residential property values," she said…
AI provides home renovation tips
Valuation Review
The Appraisal Institute (AI) is encouraging homeowners to focus on cost-efficient improvement projects when seeking to improve their property’s value during the ongoing coronavirus pandemic, according to a release on the AI website…
Homeowners: Are You Asking the Right Landscaping Questions?
RISMedia
The Appraisal Institute encourages homeowners to hire an appraiser to offer ideas about how to enhance their property’s landscaping and potentially boost their sales price…
PR Newswire
Valbridge Property Advisors is the largest independent commercial property valuation and advisory services firm in the U.S., with 200+ MAI-designated appraisers, 80 office locations, and more than 675 staff across the nation. Valbridge provides independent appraisal services consistent with the highest industry standards of practice. Each Valbridge office is led by an appraiser who holds the MAI designation of the Appraisal Institute…
Appraisal Institute Offers Landscaping Tips for Homeowners
PR Newswire, Arizona Daily Republic, Pittsburgh Post-Gazette, Markets Insider
(This article appeared in 40 additional outlets.)
The Appraisal Institute, the nation's largest professional association of real estate appraisers, today encouraged homeowners to hire an appraiser to offer ideas about how to enhance their property's landscaping and potentially boost their sales price…
HVS Report - Hunter Conference Marks a Return to In-Person Conferences - By Rod Clough
Hotel News Resource
(This article was written by Rod Clough, MAI.)
As to be expected, the prevalent theme was that leisure demand continues to drive the initial recovery, with corporate transient and meeting/group demand lagging, but one must wonder if meeting/group demand will bounce back quicker than anticipated given the rather last-minute popularity of this event…
When You Should Hire a Home Appraiser
Lifehacker
The Appraisal Institute, an association of professional real estate appraisers, has a look-up tool for appraisers here. Find appraisers who are located in your state, as they’ll tend to have more familiarity with properties where you live…
Walker & Dunlop Apprise expands footprint
Valuation Review
Kelly Hyde [MAI], based in Denver, comes to Apprise with a broad range of appraisal experience, including valuations for financial reporting. Hyde will lead the firm’s appraisal activities throughout Colorado, Idaho, Montana, New Mexico, Utah, and Wyoming…
A New Appraiser Discusses his Journey into the Industry
Appraisal Buzz
In today’s Buzzcast, we dive into a firsthand account from a new appraiser of the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today. Today we have Marcus Knight, a recently licensed appraiser that completed this specific program giving a deeper look with Joan Trice, Founder of Allterra Group, LLC. They delve into what exactly he faced during the program and how diversity in the appraisal industry is necessary for its continual growth…
FHFA’s RFI on appraisals is a critical inflection point
HousingWIre
The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms…
PR Newswire, Yahoo! Finance, TickerTech.com, Community Post, Chronicle Journal
(This article was included in an additional 34 outlets.)
The judge cited that BBG Manager Director and Litigation Support Services Leader Eric P. Haims' [MAI, AI-GRS] "highly credible" testimony regarding the information contained in his real estate appraisal as well as other testimony and evidence in the case led to the amount awarded to the property owner…
CALV Hosts Virtual Version of Commercial Education Day on June 25
Nevada Business
CALV President Petra Latch, whose professional designations including being a member of the Appraisal Institute (MAI) and a Certified Commercial Investment Member (CCIM), said CALV is committed to presenting fully accredited continuing education classes with an emphasis on commercial real estate, all taught by experienced instructors…
Week of May 17 - 24, 2021
Want to See a Return on Your Home Improvement Investment? Prioritize These Projects
Cape Gazette (Lewes, Del.)
In the wake of the coronavirus pandemic, homeowners have turned their focus toward the home, embarking on renovations and remodels at an unprecedented rate. But not all projects are created equal. According to the Appraisal Institute, homeowners should prioritize cost-efficient improvement projects that improve their property's value…
New Bill Eases the Obstacles in FHA Appraisals
MReport
The Homebuyer Assistance Act of 2021 would reduce a number of hurdles which appraisers currently face before they are allowed to perform appraisals for home purchases financed by an FHA mortgage. Federal standards set for FHA appraisers would be brought in line with the federal minimum requirements already in place for other home mortgages, particularly those purchased by Fannie Mae and Freddie Mac…
The Challenges of Appraising Multifamily Properties
Appraisal Buzz
When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. However, things aren’t always as straightforward as they seem…
Closing cash: The appraisal gap war Colorado homebuyers are losing
KMGH ABC 7 (Denver)
Bidding wars and appraisal gaps now come standard with an offer. If buyers can't bring potentially tens of thousands of dollars in cash to closing, they often can't compete.
CALV Mixer Attracts Record Number of RSVPs, Shows Demand for In-Person Events
Nevada Business
CALV President Petra Latch [MAI], also a member of the Appraisal Institute (MAI), said “it was great to see so many friends and colleagues after so many months of not being able to meet in person.” …
Pearl Certification raises $9.5M to expand sustainability ratings for homeowners
Venture Beat
Adams said the company created software and built foundational relationships with the National Association of Realtors, which invested in Pearl, as well as the Appraisal Institute and the Energy Star program in the U.S. Department of Energy. This helped the company raise even more capital and hire people…
Week of May 11 - 17, 2021
The Similarities Between 2007 and Today
Appraisal Buzz
Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work…
When bidding on a home, is it worth it to offer more than a house is worth?
KDVR-TV FOX 31 (Denver)
Offering to pay thousands of dollars over a home’s asking price, even if a formal appraisal determines it’s worth less, can make a buyer more competitive in this housing market. But it also comes with risks …
BBG Announces Two Promotions in Detroit Office
Detroit Business
“We are thrilled that Marc and Frank have assumed these new roles, which are vital to our company’s growth,” says Chris Roach [MAI], CEO of BBG.
Walker & Dunlop’s Apprise completes hires
Valuation Review
Walker & Dunlop, Inc. and GeoPhy said their multifamily appraisal business, Apprise, has expanded to the West Coast with the hiring of Jacinto Munoz [MAI, SRA, AI-GRS, AI-RRS], managing director of the Head of Strategy and Compliance department, the company announced in a release…
New Legislation and Appraisers with Bill Garber
Appraisal Buzz
In today’s Buzzcast, we dive into the topic of the new legislation happening and how it’s affecting appraisers. Today we have Bill Garber, Director of Government and External Relations from The Appraisal Institute giving a deeper look with Joan Trice, Founder of Allterra Group, LLC. They delve into the specific changes that appraisers need to know…
5 Appraisal Topics Every Agent Should Know
Realtor Magazine
“Good appraisers want as much information as they can get,” said Claire Aufrance [MAI, SRA], an appraiser and broker from Greensboro, N.C., who sits on the North Carolina Appraisal Board and the Appraisal Institute Board of Directors. “They’ll figure out what to use. But I would be careful not to say, ‘You have to use these comps.’ ”…
Complete Smart and Necessary Home Renovation Projects: Appraisal Institute
PR NewsWire, Morning News, Pittsburgh Post-Gazette, TickerTech.com, Benzinga
(This article was included in an additionally 30 outlets.)
The Appraisal Institute, the nation's largest professional association of real estate appraisers, today encouraged homeowners to focus on cost-efficient improvement projects when seeking to potentially improve their property's value during the ongoing coronavirus pandemic…
PR Newswire, Morning News, Arizona Republic, TickerTech.com, Pittsburgh Post-Gazette
(This article was included in an additional 45 outlets.)
(This article also includes Meghan Czechowski, MAI.)
Walker & Dunlop, Inc. and GeoPhy announced today that it has expanded the footprint of its multifamily appraisal business, Apprise, with the addition of two regional leaders and Managing Directors. Based in Dallas, Sidney Womack, MAI, AI-GRS, FRICS, brings over three decades of industry experience to Apprise and will lead the firm's valuation activities in Arkansas, Louisiana, Mississippi, Oklahoma, and Texas. Kelly Hyde, MAI, based in Denver, comes to Apprise with a broad range of appraisal experience, including valuations for financial reporting. Ms. Hyde will lead the firm's appraisal activities throughout Colorado, Idaho, Montana, New Mexico, Utah, and Wyoming…
Week of April 27 - May 3, 2021
First American Mortgage Solutions leverages technology to eliminate compliance issues
HousingWire
Matt Hocevar, SRA, has 18-plus years of experience in the real estate appraisal industry as a field appraiser, review appraiser, and operational manager leading the valuations team through total quality management at First American Mortgage Solutions…
TRENDS: 2020 was a ‘fantastic market’ for residential real estate
Greater Baton Rouge (La.) Business Report
“If you are in the residential market, you know it has been wild,” says Tom Cook [MAI], an appraiser with Cook, Moore, Davenport and Associates at the annual TRENDS seminar sponsored by the Greater Baton Rouge Association of Realtors. “We’ve seen phenomenal growth. It’s a fantastic market.”…
Biden’s plan for inherited real estate may impact more people than just the wealthy
CNBC
While Biden’s plan may have a significant impact, there are ways to minimize the bill. Van Leeuwen advises starting with a home appraisal and then meeting with an estate-planning attorney…
The State of the Appraisal Industry
Appraisal Buzz
I'm not being critical of people who are very active and very passionate about being active in organizations like The Appraisal Foundation, the Appraisal Institute, etc. ...
Appraisal Industry Seeks To Improve Diversity And Inclusion In The Profession
Forbes, ReallyList
“We really want to bring around some positive change,” said Rodman Schley [MAI, SRA] , president of the Appraisal Institute. “That includes improving diversity within our profession.”…
Appraisal bill would combat legacy of redlining
HousingWire
The Appraisal Institute, a trade association which represents appraisers, expressed its support for the legislation, and urged lawmakers to pass the bill. But the Appraisal Institute’s president, Rodman Schley [MAI, SRA], cautioned against pinning the blame for discrimination just on appraisers…
Week of March 23 - 29, 2021
What Is a Home Appraisal and Who Pays for It?
MSN Money, U.S. News
"What you want when you get a home appraisal is you want a very unbiased opinion," says Rodman Schley [MAI, SRA], a licensed appraiser in Denver and national president of the Appraisal Institute, an international association for professional appraisers. Schley explains that lenders will often have an employee to liaise between the appraiser and loan underwriter to avoid any possible influence on the valuation…
Yahoo! Finance, Associated Press, Digital Journal, Marketscreener.com, Livermore Finance
Officials of R.M. Woodworth & Associates (RMWA), a leading provider of customized lodging research, today announced the admission of three associates to the firm. Henry B. “Hank” Staley, Jr. [MAI] and Jill L. Bidwell [MAI] have been named principals and long-time industry veteran Henry B. “Hank” Fonde, Jr. was named senior vice president…
The risks and benefits of non-traditional appraisal methods
HousingWire, Appraisal Buzz
The surge also highlighted the biggest challenge that the appraisal industry is facing is of capacity constraints due to ever declining number of professional appraisers. Over the years the real estate appraisal workforce has experienced a shortage and has fallen behind to attract new entrants to replace those retiring due to high barriers of entry such as training, cost, and licensure regulations…
In the Know: Clancey's restaurant closes, to reopen as Whiskey Creek Station in April
News-Press (Myers, Fla.)
A long-term plan to tear down the house and restaurant and rebuild would be possible but complicated, said Matt Simmons[Candidate for Designation], a property appraiser with Maxwell, Hendry & Simmons of Fort Myers…
Week of March 16 - 22, 2021
South Florida property values are seeing ‘incredible’ growth with hot housing market
The Tribune (San Luis Obispo, Calif.), Kansas City Star
Palm Beach County’s early projections show values have increased at least 5% since last year, said Tim Wilmath [MAI, SRA], chief appraiser, through his spokeswoman…
Random Thoughts of an Appraiser – Part 5
Appraisal Buzz
Matt Simmons [Candidate for Designation] has been busy with his fifth edition of “Random Thoughts of an Appraiser!” There are plenty of times where appraisers have collectively had thoughts or concepts that can be communicated and/or questioned in a sentence and don’t need a dedicated article…
CALV Hosts May 13 Mixer for Commercial Real Estate Professionals
Nevada Business
Commercial Alliance Las Vegas (CALV) is hosting its annual spring networking mixer for local real estate professionals on May 13 from 5:30 to 7:30 p.m. at the Las Vegas Country Club, at 3000 Joe W. Brown Drive. Industry partners and sponsors include the local chapters of the Appraisal Institute (AI)…
An Interview with the Appraisal Institute President – Rodman Schley
AppraisalBuzz
Today’s Buzzcast interview is with Rodman Schley [MAI, SRA], 2021 President of Appraisal Institute. We sat down with Rodman and Joan Trice, Founder of Allterra Group, LLC to discuss the Appraisal Institute and the direction and goals they’ll be heading towards this year…
JLL Valuation Advisory names national practice leader
Valuation Review
The JLL Valuation Advisory group promoted Erik Hill [MAI] to national practice leader of healthcare, where he will help lead the growth of the firm’s healthcare valuation advisory business throughout the U.S., the company announced…
Form DEF 14A PROVIDENT FINANCIAL SERV For: Apr 29
StreetInsider.com
[Robert] Mr. McNerney has been the owner of a real estate company, McNerney & Associates, Inc. since 1981. McNerney and Associates provides appraisal, management, brokerage and development services throughout northern New Jersey and New York. He is a licensed appraiser and real estate broker in New Jersey and New York, and holds an MAI and SRA designation from the Appraisal Institute…
How to Attract the Next Generation to the Appraisal Industry
Appraisal Buzz
The Appraisal Institute plays a crucial role in attracting the next generation. However, each appraiser and AI chapter also has a responsibility to support young students and trainees in pursuing a job within the industry. One of the best ways to reach today’s youth is to get involved in local high schools and universities…
Stratus Properties Inc. Reports Year Ended December 31, 2020 Results
StreetInsider.com
The appraisal firms represent in their reports that they employ certified appraisers with local knowledge and expertise who are Members of the Appraisal Institute (MAI) certified by the Appraisal Institute and/or state certified as a Certified General Real Estate Appraiser…
CUNA supports GSE appraisal modernizations
Valuation Review
The FHFA is seeking input on appraisal policies, practices, and processes, especially as they relate to modernizing the appraisal process and balancing mortgage lenders’ need for efficiency with the GSE’s need for prudent risk management…
Freddie Mac credit protection news, Fannie Mae extension
Valuation Review
Fannie Mae, regarding Single-Family sellers and the impact of COVID-19 on appraisals, updated its Lender Letter (LL-2021-04), which contains the policies previously published in LL-2020-04 on Dec. 10, 2020. The update is the extension of application dates eligible for certain temporary flexibilities to April 30…
Week of March 9 - 15, 2021
Appraisal theory and the advent of quantum computers - by Roger Durkin
New England Real Estate Journal
He was a leading-edge appraisal theorist. (6) Another modern leading edge appraisal theorist is George Dell, SRA, MAI, ASA, CRE. Dell is an econometrician who developed Dell challenges traditional appraisal practice and the use of three or four “samples” in the comparable sale approach in favor of statistical analysis of large data sets…
FHFA Extends Alternative Appraisal, Employment Verifications
National Association of Realtors
The Federal Housing Finance Agency announced Thursday it was extending its relaxed lending and appraisal standards for Fannie Mae– and Freddie Mac–backed loans by a month. The eased standards were originally put in place due to the COVID-19 pandemic, as lenders and appraisers tried to keep loans on track while navigating new social distancing measures and delays in verifications…
The Virginian Pilot (Norfolk, Va.)
Professionals like Grice — licensed by the state and certified by trade organizations like the Appraisal Institute — spend their early careers under the watchful eyes of veterans…
President’s message: MA, RI and ME Chapter! - by John Drew [MAI]
New England Real Estate Journal, Newsbank
I am writing to you this month to let you know that I am no longer the 2021 president of the MA-RI Chapter of the Appraisal Institute. Instead I am proud to declare that I am now the 2021 president of the newly merged Massachusetts, Rhode Island, and Maine Chapter of the Appraisal Institute…
Solar power on steroids - by Brian White [MAI, SRA]
New England Real Estate Journal
Grid-tied solar systems have been multiplying over the past decade in New Hampshire, and throughout all of New England, as solar technology and the financial feasibility of installing a system have both improved…
AI’s diversity initiative awards scholarships
Valuation Review
The Appraisal Institute (AI), in collaboration with Fannie Mae and the National Urban League, announced the latest group of aspiring real estate appraisers awarded scholarships through the Appraiser Diversity Initiative…
Integra Realty Resources adds to Detroit staff
RE Journals
Integra Realty Resources, a real estate valuation and consulting firm, has expanded its Detroit team with two new hires. Certified commercial real estate appraisers George Parnell [Practicing Affiliate] and Christopher Cichocki [Practicing Affiliate] have joined the company’s Detroit office as analysts…
Week of February 16 - 22, 2021
Industry Organizations Award Scholarships to Strengthen Career Diversity
RISMedia
The Appraisal Institute in collaboration with Fannie Mae and the National Urban League recently announced the first class of 2021 aspiring real estate appraisers receiving scholarships through the Appraiser Diversity Initiative…
PR Newswire, Associated Press, Pittsburgh (Pa.) Post-Gazette, Buffalo (N.Y.) News Online, Manhattan Week
(This article was included in an additional 43 outlets.)
The Appraisal Institute in collaboration with Fannie Mae and the National Urban League today announced the first class of 2021 aspiring real estate appraisers receiving scholarships through the Appraiser Diversity Initiative…
Valbridge Property Advisors Opens 80th Office Location in San Luis Obispo, California
PR Newswire, Pittsburgh (Pa.) Post-Gazette, Buffalo (N.Y.) News Online, Manhattan Week
(This article was included in an additional 41 outlets.)
Leading the Valbridge Property Advisors | Central California office is Senior Managing Director Michael Burger, MAI, RW-A/C. Burger has decades of experience in appraisals and consulting services in all types of properties, including: multi-family, office, retail, industrial, research and development, warehouses, special purpose properties, affordable housing appraisals, and affordable housing market studies. He holds appraisal designations from the Appraisal Institute (MAI)…
Bakersfield climbs back to pre-bust home price peak
Bakersfield.com
What finally put Bakersfield over the top, local appraiser Gary Crabtree [SRA] said, was the continuing low inventory of homes for sale and competition among locals and people priced out of other markets who are suddenly able to work from home…
Andrew Boespflug gets new Colliers position
Idaho Business Review
Andrew Boespflug [MAI] has joined the brokerage team in the Colliers Idaho Investment Brokerage Division Boise office where he specializes in the sale of investment and multifamily properties in Idaho…
Energy Ratings Accessible for All
Appraisal Buzz
(This article was written by Sandra Adomatis, SRA.)
Energy efficiency is an important feature many homeowners consider when building or buying a home. This statement is supported by numerous surveys that show energy efficiency in the top 5 or 10 items most desired by homeowners. If the surveys are representative of the buyers and sellers in the market, it is a feature that appraisers should consider in the analysis of market value…
Median home sale price in Bakersfield hits new high since 2006, real estate appraiser says
KGET (Bakersfield, Calif.)
Real estate appraiser Gary Crabtree [SRA] released his latest report Monday morning for January 2021. The report showed Bakersfield’s median home price is higher than the peak reached in the housing bubble of 2006, seting an all-time monthly high of $303,000. Crabtree says that’s up 163% since the market low in April 2009…
Week of February 9 - 15, 2021
President’s message: Remembering two appraisers - by John Drew
New England Real Estate Journal
Before I run through what’s going on at the chapter and national levels, I would like to acknowledge the recent passing of two well-known appraisers, Richard “Dick” Dennis Sr., MAI, SRA and Scott Robinson, MAI, SRA, AI-GRS, AI-RRS…
Pelletier of Kirk&Company joins faculty at Salve Regina University
New England Real Estate Journal
Brett Pelletier, COO of Kirk&Company: Real Estate Counselors has been appointed to the Business and Economics faculty at Salve Regina University… an MAI Candidate of the Appraisal Institute…
Richard “Dick” Dennis, Sr.: A life well-lived - by Bill Pastuszek [MAI]
New England Real Estate Journal
Dick Dennis MAI, SRA, passed away recently, having lived more than 90 years as an active and avid Bostonian. He lived a life of service to his family, his faith, and to the real estate appraisal profession. Dick was a huge influence in my own life. I was privileged to have known him, been mentored by him, and to have called him friend…
Local housing trend continues of homebuyers hiding high-end sale prices
Greater Baton Rouge (La.) Business Report
It’s a major annoyance to appraisers and brokers, however, who complain that keeping the sale price out of the public record robs the market of precious data—the sale prices of comparable nearby properties, or “comps,” which are used by professionals, buyers and sellers to determine value…
HousingWire
Many times, the home appraisal goes off without a hitch. You make an offer on your dream home, and the appraiser verifies the property is worth what you offered (or more)…
Appraisers Have a PAL on the Hill
Appraisal Buzz
(This article was written by Bill Garber.)
The Appraisal Institute expects several appraisal related provisions that were introduced or considered in the last two years to be re-introduced in the 117th Congress. All indications are that the PAL Act will be part of that combination of bills. Considering the bipartisan nature of the bill, and the logical advancements of the appraisal regulatory structure, we believe the PAL Act will garner strong interest and support of members of Congress and the new Biden administration…
As impeachment begins, New York accelerates probes of Trump’s property dealings
Yahoo News, St. Louis Post-Dispatch, Metro New York, Netscape, Journal Pioneer
(This article was included in an additional 19 articles.)
The investigations face challenges. The Manhattan district attorney may struggle to prove that inaccurate property estimates amount to fraud because the standards for valuing properties vary, legal experts say. Such appraisals are also typically performed by outside parties, potentially putting distance between any controversial valuations and Trump’s businesses…
Week of February 2 - 8, 2021
Global Hemp Acquires Water Rights With Plans For Hemp Building Materials
Green Market Report
Documented historical valuations of the 4,000-acre feet of water rights and associated infrastructure are based on 2013 and 2015 MAI appraisals and engineering reports, which collectively support a value ofS$40,000,000 or higher. GHG has contracted a third party valuation of this initial assessment value to support such appraisal…
WHO’S NEWS: Latest appointments & promotions
Real Estate Weekly (New York)
Matthew Ross [Candidate for Designation] has joined Avison Young’s New York office as a director in Valuation Advisory Services specializing in tax advisory services…
Accurate rural appraisals for your agricultural mortgage
Wisconsin State Farmer
The foundation for any appraisal is subject property identification. All appraisals have a scope of work that defines 1.) What is going to be in the appraisal, 2.) Who gets to use the appraisal, and 3.) What the subject property is…
Appraisal industry mourning death of former AI president
Valuation Review
(This article also mentions Jim Amorin, MAI, SRA, AI-GRS; Sandra Adomatis, SRA; and Stephen Roach, MAI, SRA, AI-GRS.)
The appraisal profession is mourning the loss of a truly dedicated and hardworking individual. Scott Robinson [MAI, SRA, AI-GRS, AI-RRS], 62, the 2016 president of the Appraisal Institute (AI), died Jan. 22 from an accidental fall inside his home, as reported by the Salisbury Post…
Texas Governor: Appointments To Appraiser Licensing Certification Board
STL News, EIN Presswire
Martha Gayle Reid Lynch [MAI, AI-GRS] of El Paso is the owner of Gayle Reid Appraisal Services, Inc., and is a licensed Texas Real Estate Appraiser and Real Estate Broker…
Week of January 26 - February 1, 2021
9 Tips to Sell a House Without a Garage When Most Homes Have One
HomeLight
“It’s absolutely market dependent,” says Woody Fincham, a real estate appraiser [SRA, AI-RRS] in the Charlottesville, Virginia area and the recipient of the Outstanding Service Award at the 2017 International Valuation Conference...
Looking Ahead to the Biden Administration and 117th Congress
Appraisal Buzz
But, the Appraisal Foundation did not just wait to see where these initiatives might go. We also took immediate action. Working with the Appraisal Institute and our sponsors, we held a symposium on Promoting Trust for Fair and Affordable Housing where we heard from researchers, appraisers and lenders about how this issue is impacting the appraisal profession and how we can move forward…
Let’s make a deal: Basalt council wants public benefit in return for height variance for building
The Aspen (Colo.) Times
Aaron Ward [MAI], the property owner and project developer, said as the owner of a small business — a commercial real estate appraiser — he is aware how tough it is to retain employees. Many people leave the Roaring Fork Valley out of frustration over high housing prices and limited options, he said…
J. Robert Black Celebrated for Dedication to the Field of Real Estate Appraisals
24-7PressRelease
J. Robert Black [MAI] has been included in Marquis Who's Who. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process…
‘Uncommonly good man:’ Local appraiser Scott Robinson dies after fall at home
The Salisbury Post (Salisbury, N.C.)
“That’s a pretty good description of Scott Robinson [MAI, SRA, AI-GRS, AI-RRS] ,” Stan Jordan said Saturday of his friend since Knox Junior High School days. “He’s the most loyal guy I have ever met.”…
Northwest Arkansas Democrat-Gazette (Fayetteville, Ark.)
Figuring out the cost of land for the new Pulaski County arena will begin next week. The arena board Thursday hired real estate appraiser Ronald E. Bragg [MAI] of Little Rock to start putting a price on property in downtown North Little Rock for the 18,000- to 20,000-seat arena…
Week of January 19 - 25, 2021
State of the Industry: 2021 and Beyond, Ushering in the Biden Administration
Appraisal Buzz
(This article was written by Gregory E. Stephens, SRA, AI-RRS.)
(This article also mentions Joshua H. Walitt, SRA, AI-RRS.)
Bill Garber and the Appraisal Institute -the largest appraisal organization in the country, has been representing the interests of appraisers on Capitol Hill for years, and will be sharing his insights into what we can expect to see from the incoming administration and the work being done to protect and preserve the interests of appraisers…
Takeaways from Tallahassee — Clean and clear
Florida Politics (St. Petersburg, Fla.)
Herbert Jourdan [MAI, SRA], of Ocala, is an appraiser and president of Spectrum Valuation. Jourdan served as a member of The Appraisal Foundation Board of Trustees and is a past president of the Central Florida Chapter of the Appraisal Institute. He earned his bachelor’s degree in real estate and finance from Indiana University. Shawn Wilson [MAI], of Lakeland, is the owner of Compass Real Estate Consulting. He was involved with The Appraisal Foundation, Appraisal Institute, Association of Eminent Domain Professionals, International Association of Assessing Officers, and the International Right of Way Association…
New Appraisal Institute Text Demonstrates Essential Valuation Techniques
RealEstateRama
Since problem-solving is the foundation of an appraiser’s skill set, “The Student Handbook to The Appraisal of Real Estate, 15th Edition,” includes practice problems that allow users of the handbook to test the knowledge they have acquired every step of the way, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers…
Bevy of Ron DeSantis appointments includes former Senate President James Scott
Florida Politics (St. Petersburg, Fla.)
Herbert Jourdan [MAI, SRA], Janet Rabin and Shawn Wilson [MAI] join the Florida Real Estate Appraisal Board., Janet Rabin and Shawn Wilson join the Florida Real Estate Appraisal Board…
Markets Insider, Pittsburgh Post-Gazette, Benzinga, Investorpoint.com, GlobalNewsWire
(This article was included in an additional 22 outlets.)
As part of the contemplated transaction, GHG is in the process of commissioning updated appraisals on WSRC’s water assets. Documented historical valuations of WSRC’s 4,000-acre feet of water rights and associated infrastructure assets include a 2013 MAI appraisal, 2015 Water Engineer Valuation, and 2017 Water Law Attorney’s Comprehensive Summary of Value, all of which support a value of U.S…
New White Paper Advocates for Appraisal Modernization
MReport
The white paper, titled “Why We’re Heading Into a Golden Age for Appraisal Modernization,” comes on the heels of last month’s Request for Input (RFI) by the Federal Housing Finance Agency on appraisal modernization. While the RFI is accepting responses through February 26, Clear Capital is stating that changes for the better are already taking place…
FHFA extends foreclosure, eviction moratorium to February
HousingWire
Last week the FHFA announced it extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were set to expire on Jan. 31, 2021, however, the government entity is now pushing that back to at least Feb. 28, 2021…
Susan Greenfield Becomes FIABCI World Vice-President Elect
CityBizList
FIABCI gathers members from more than 70 countries and organizations including the National Association of Realtors (NAR), Building Managers Association (BOMA), Appraisal Institute, Council of Residential Specialists (CRS), Institute of Real Estate Management (IREM), Asian Real Estate Association of America (AREAA) and Leading Real Estate Companies of the World…
North Carolina Chapter of the Appraisal Institute (NCAI)
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