AI Joins 29 Groups to Promote Real Estate Careers

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I’m proud to share that AI has taken another important step in helping to secure the future of the valuation profession!

AI Joins 29 Groups to Promote Real Estate Careers

The Appraisal Institute on July 13 joined 29 real estate industry organizations, representing more than 10 million jobs, in announcing a ground-breaking collaboration to highlight the diverse career paths within the real estate sector.

The first initiative of this collaboration is a new all-inclusive website entitled Careers Building Communities, which allows students, educators, career changers and other stakeholders to navigate through the scores of career paths across all sectors of real estate.

Learn more about this important initiative.

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Deadline Nears for Online Registration

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If you’re planning to attend AI’s 2018 Annual Conference, July 30-Aug. 1, in Nashville, Tennessee, you have just over a week – until July 8 –  to register online. I hope to see you there!

Deadline Nears for Online Registration 

Time is running out to register for the Appraisal Institute’s 2018 Annual Conference at the lowest available rate.

And due to high demand, rooms at the host hotel (JW Marriott) are sold out. But you can find a list of nearby hotels with great rates on the website.

Alison Levine, a best-selling author and mountain climber focused on leading teams in extreme environments, and Don Gossman, SRA, an appraiser and author who worked with the FBI and U.S. Attorney’s office to help break up a mortgage fraud ring, will be the keynote speakers at the Annual Conference.

 Besides informative speakers, you’ll find extensive opportunities for networking, education sessions (with the chance to earn Appraisal Institute and state continuing education credit), an awards ceremony, vendor exhibits and plenty of opportunities to explore Nashville.

Learn more about the AI Annual Conference and register before the midnight CDT July 8 deadline. Or watch the video.

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Deadline Nears for Online Registration

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I’d like to remind you that the registration deadline is fast approaching for AI’s 2018 Annual Conference, July 30-Aug. 1, in Nashville, Tennessee. I hope to see you there!

Deadline Nears for Online Registration

If you’re considering attending the Appraisal Institute’s 2018 Annual Conference, you have just over a month – until July 8 – to register at the lowest available rate.

Alison Levine, a best-selling author and mountain climber focused on leading teams in extreme environments, and Don Gossman, SRA, an appraiser and author who worked with the FBI and U.S. Attorney’s office to help break up a mortgage fraud ring, will be the keynote speakers at the Annual Conference.

Besides informative speakers, you’ll find extensive opportunities for networking, education sessions (with the chance to earn Appraisal Institute and state continuing education credit), an awards ceremony, vendor exhibits and plenty of opportunities to explore Nashville.

Learn more about the AI Annual Conference and register today. Or watch the video.

[Read more…]

Appraisers Can Grow Business as Arbitrators

For valuation professionals looking to expand their business, serving as an arbitrator could provide abundant opportunities.

Valuation professionals can serve as arbitrators, expert witnesses or consultants during the arbitration process and can provide valuable input from the preliminary hearing to final award, according to a new book published by the Appraisal Institute.

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Do Oil Spills Impact Home Values?

Home values in Golden Beach, Maryland, near an April 2000 oil spill dropped in the short term, but rebounded after two years, according to a study published in The Appraisal Journal.

TAJ_Win18_Cover1 (002)“A Pipeline Spill Revisited: How Long Do Impacts on Home Prices Last?” by Richard J. Roddewig, MAI, Charles T. Brigden and Anne S. Baxendale revisits a case study of homes near an April 2000 oil spill to examine changes in real estate prices in the following years. Although home values initially dropped 10.9 percent to 12.6 percent, the latest research shows prices overcame their losses by 2002.

Read “A Pipeline Spill Revisited: How Long Do Impacts on Home Prices Last?” in the Winter 2018 issue of The Appraisal Journal.

AI Backs Revisions as Senate OKs Banking Reform Bill

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I’m proud to tell you that the Appraisal Institute continued its legislative and regulatory advocacy leadership in March, working for the entire valuation profession! Here’s more about that, and other news, from the past month.

AI Backs Revisions as Senate OKs Banking Reform Bill

The Appraisal Institute led nearly three dozen valuation organizations in supporting revisions to a bipartisan Senate bill that passed March 14. The measure, which now goes to the House, rolled back many post-financial-crisis banking rules found in the Dodd-Frank Act.

Although the Appraisal Institute took no position on the bill, it endorsed changes to proposed appraisal exemptions found in a previous version of the measure.

Learn more and read the Appraisal Institute’s letter.

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How Important is HERS to Appraised Value?

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By Sandra K. Adomatis, SRA, LEED Green Associate, and Ryan Meres, RESNET program director

Most builders and sales agents admit that in the homebuying process, the decision is usually all “hers”! That’s also true in the valuation process of a new construction home that is touted as an energy efficient or green home: a key part of the process should be HERS – the Home Energy Rating System report.

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Key Differences Between Appraisals and Home Inspections

Some consumers confuse the role of appraisers with that of home inspectors. But important differences exist between the services offered by those professionals.

Money vs. maintenance

Appraisals are completed to provide a credible, reliable opinion of a property’s value. Inspections are performed to give prospective homebuyers insight into a home’s plumbing, electrical, roof and other features to help determine its condition.

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