Annual Meeting Discounted Registration Ends Soon

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If you haven’t had a chance to register for this summer’s Annual Meeting, I encourage you to take advantage of the special discounted rate that expires May 22.

Annual Meeting Discounted Registration Ends Soon

There’s less than a month left to receive the best available registration rate for the Appraisal Institute Annual Meeting, to be held July 27-29 in Dallas.

The 2015 AI Annual Meeting will feature a wide variety of panel discussions and will provide opportunities for networking, continuing education (with the chance to earn Appraisal Institute and state continuing education credit), an awards dinner, vendor exhibits and plenty of options to explore Dallas.

Learn more about the 2015 AI Annual Meeting and register by May 22 to receive a special discounted rate. Also, be sure to follow the Annual Meeting conversation on Twitter (#AIConnect15).

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5 Tips to Help Your Property Tax Appeal

While many people enjoy the benefits of homeownership, some of those individuals also find themselves wanting to appeal their property taxes. In fact, the National Taxpayers Union estimates that 30 to 60 percent of properties are over-assessed.

However, homeowners who are considering property tax appeals should be prepared with all the necessary information.

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Appraisal, Appraiser Fraud Down Significantly

Recent reports have shown that cases of appraisal fraud have dropped dramatically, but mortgage fraud is on the rise.

The quarterly report from the U.S. Department of the Treasury Financial Crimes Enforcement Network released in January showed good news for the valuation profession. It statedFraud_house that incidents of appraisal fraud plunged from 2013 to 2014, dropping from 7,641 cases in 2013 to 2,033 in 2014 [See Depository Institutions, Exhibit 5]. This was the sharpest percentage decrease of any other type of fraud tracked by FinCen. [Read more…]

Fracking and Real Estate Valuation in the U.S.

AntifrackingAppraisal Institute President-Elect J. Scott Robinson, MAI, SRA, AI-GRS, educated German valuation professionals at the March 18-19 HypZert Annual Conference in Frankfurt about fracking and its potential impact on U.S. land values. HypZert is Germany’s leading national organization for valuers working in real estate valuation and analysis in the financial industry with international partners. [Read more…]

Small Home Improvements Can Pay Off Big

A harsh winter and improving home sales have some homeowners eager to give their properties facelifts. But major remodels, like kitchen or bath overhauls, may not add significantly to the value of a home.

Remodeling magazine’s most recent Cost vs. Value report says that simpler, less expensive projects have the best return on value. Here are a few suggestions appraisers can give to residential clients for projects that won’t cost a lot of time or money:
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2016-17 Edition of USPAP to Include Revisions

Approximately two years ago, the Appraisal Standards Board of The Appraisal Foundation began the revision process for the Uniform Standards of Professional Appraisal Practice. The process

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included the preparation and release of four exposure drafts, numerous public meetings and the review of extensive comments from interested parties.

The Appraisal Institute submitted comments on each exposure draft and attended all of the ASB’s public meetings. On Feb. 6, 2015, the ASB concluded the USPAP revision process with the adoption of revisions to USPAP that the ASB does not anticipate will significantly change the way that appraisers practice. The revisions that will become effective Jan. 1, 2016 include (revisions indicated in italics):

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