Opinions of Value

Your source for appraisal news and trends

Menu
  • Home
  • AI Resources
  • Education
  • Publications
  • Professional Practice
  • News
  • Advocacy
  • About Us

A Look Inside AI Education: Desktop Appraisals (Bifurcated, Hybrid) and Evaluations Seminar Preview

April 21, 2022 by Appraisal Institute Staff

As developers and reviewers of the upcoming “Desktop Appraisals (Bifurcated, Hybrid) and Evaluations” education seminar, Appraisal Institute Vice President Sandra K. Adomatis, SRA, and AI Past President Alan Hummel, SRA, provide an overview of what attendees can expect to take away in this seminar preview. The pair also dive into the value and relevancy of desktop appraisals to residential and commercial appraisers right now.

Check out the video discussion below!

Sandra K. Adomatis, SRA (SA): Hello everyone, thank you for joining us today as we explore some of the upcoming Appraisal Institute educational offerings that you may be interested in. As you may know, my name is Sandy Adomatis, SRA, and vice president of the Appraisal Institute. I must admit, I’m very excited to bring this information to you today because I’m the developer of the seminar!

For anyone who’s ever taken Appraisal Institute educational offerings, you know that the offerings are rigorously researched, developed and reviewed by practicing appraisers using real-world experience in the residential and commercial space. Today I am joined by Alan Hummel, SRA, and one of our past presidents of the Appraisal Institute, to discuss the Desktop (Bifurcated, Hybrid) and Evaluation seminar. Alan was one of the reviewers for the seminar, and I am so excited that he’s here today. Before I turn it over to Alan, I’d like to give you a little overview of the seminar.

According to a recent news release from Fannie Mae, desktop appraisals are going to be growing in the numbers requested. It’s not going away, so residential appraisers need to have all the information they can to develop a credible report. Desktops are also valuable on the commercial side as well. Appraisers have many questions about them that are addressed in this seminar to provide more information and clarity about this business service…The seminar gives the pros and cons that were voiced by appraisers we interviewed before developing the seminar.

At the end, you’ll have all the information you need to make a good business decision. We’ll review the expectations of alternative appraisal services, their potential uses of appraisal standards as they apply scopes of work and liability concerns that we hear from many appraisers around the country on the residential and the commercial side.

Alan helped significantly in the development of the seminar, so let’s hear from him. Alan, could you share your views on the relevancy of desktop appraisals and evaluations as it applies to appraisers today?

Alan Hummel, SRA (AH): Absolutely. Thank you so much, Sandy. The principle of change is a concept that we as appraisers deal with on a daily basis. We’re providing our services, and as the world changes, so do the process of methods used by so many businesses, including our own appraisal profession.

This seminar is designed for both residential and commercial appraisers to understand…  the relevant assignment characteristics. What do they have to do in order to make that decision? You indicated to participate in desktop appraisals and or evaluations — it’s interesting because part of what we have to understand are those significant federal and state laws that govern the desktops and evaluations used by our clients and all kinds of lending decisions.

SA: That’s great information, but how did how does it become valuable to the everyday appraiser?

AH: First, it helps the appraiser understand the “how” and “why” lenders use these types of assignments within their lending processes for us to better understand what the lender is trying to accomplish. We can make certain that we are providing our services in a manner that’s beneficial to them.

Secondly, learning to identify the appraisal standards, the banking guidelines, the lender requirements, the state requirements… in order to develop a report that meets our USPAP in Appraisal Institute standards for development and reporting. It helps to differentiate between traditional appraisals from evaluations and desktop valuation services.

SA: That’s great information. You’ve touched on some excellent points here, Alan. I’d like to… tell you a couple things that I’m excited about when I was developing this seminar and when I’ve taught the seminar. What I’ve learned from this is that the seminar provides information that is necessary for an appraiser to make that informed decision like you’ve talked about and be able to produce a credible report with confidence that we’ve done the job right. I think this seminar offers that informed information. For us, it’s a big takeaway I see when offering this class as an instructor.

Secondly, the questions and the feedback that you’ll receive from other appraisers in the classroom that are already offering these services that can add valuable information to the text material in the seminar. I’d highly recommend this seminar to appraisers on [both] the residential and the commercial side.

I’m curious — what excites you about this class?

AH: Very similar to what you’ve mentioned, Sandy. The seminar does not advocate for or dissuade appraisers from doing these types of services. It provides examples. It provides the acknowledgement of the rules and regulations that, if an appraiser decides to provide these types of services, they can make a professional and business decision… and maybe, what times they wish to provide these services for what type of clients. But especially, it helps them gain the knowledge necessary to keep them safe and to mitigate liability when providing these types of services.

SA: Wow, what an important point to leave this video on. Yes, that is our goal. We’re not advocating for, or against. We’re just giving you the facts and letting you make the decision that’s best for you.

More about AI education offerings:

See seminar details and registration offerings here.

Learn about other education offerings from the Appraisal Institute here.

Don’t forget to subscribe to the Appraisal Institute’s YouTube channel for future videos on AI education and other association updates you don’t want to miss.

Filed Under: Appraisal Institute, Appraisal Institute blog, Appraisers, Bifurcated, Bifurcated Appraisal, desktop appraisals, testimony, The Appraisal Institute, USPAP Tagged With: AI, AI professionals, AI Vice President, appraisal career, appraisal information, Appraisal Institute, Appraisal Institute blog, appraisal institute education, appraisal services, appraisal standards, appraiser education, Appraisers, bifurcated, commercial appraisal, desktop, desktop appraisals, hybrid, lender requirments, residential appraisal, traditional appraisals, Valuation

4 Tips for Appraisers to Keep Their Businesses Safe During the Pandemic

August 10, 2020 by Appraisal Institute Staff

Appraisers are faced with many professional uncertainties due to this unusual health and economic situation. That’s the topic of the On Point column in Valuation magazine’s latest issue.

[Read more…]

Filed Under: Appraisers

4 Advantages of Entering the Valuation Profession

June 4, 2019 by Appraisal Institute Staff

UntitledBecoming a real estate appraiser can provide many advantages that other careers might not offer.

[Read more…]

Filed Under: appraisal careers, Appraisers

4 Key Differences Between Assessed Value and Market Value

December 11, 2018 by Appraisal Institute Staff

Arrow Growth BlogHomebuyers and sellers may be familiar with the concept of assessed value and market value of properties. But while these values may seem similar, they differ in important ways. [Read more…]

Filed Under: Appraisers, consumer appraisal information, valuation careers

What I Enjoy Most About Being an Appraiser

October 16, 2018 by Appraisal Institute Staff

UntitledTwo Appraisal Institute Designated Members share what they enjoy most about being appraisers in AI’s latest video.

Darwin Ernst, SRA, AI-RRS, discusses the benefits of working from home as a valuation professional. He also appreciates that every assignment is a unique puzzle with a beginning and an end.

[Read more…]

Filed Under: appraisal careers, Appraisers

AI Leads on Issues Impacting Valuation Professionals

August 2, 2018 by Appraisal Institute Staff

The Appraisal Institute invests significant time and effort surrounding banking regulatory relief and maintaining appraisal thresholds. That’s the subject of the On Point column in Valuation magazine’s second quarter 2018 issue.shutterstock_138129788 [Read more…]

Filed Under: appraisal regulation, appraisal threshold, appraisal thresholds, Appraisers

Appraisers Can Enhance Business Prospects in Arbitration Field

July 24, 2018 by Appraisal Institute Staff

TAJ_Spr18_Cover1Opportunities exist in the field of alternative dispute resolution for skilled valuation professionals. Negotiation, mediation and arbitration provide potential opportunities for appraisers to utilize their skills to offer valuable input throughout the process, according to a study published in the Spring 2018 issue of The Appraisal Journal. [Read more…]

Filed Under: Appraisers, valuation careers

Appraisal Institute Professionals Share Their Most Unusual Valuation Assignments

March 16, 2018 by Appraisal Institute Staff

stillAppraisal Institute professionals have the knowledge, experience and expertise to complete even the most challenging of valuation assignments.

In the Appraisal Institute’s latest video, three Designated Members describe unusual assignments they’ve encountered in their work. [Read more…]

Filed Under: Appraisers, market analysis, rural property, valuation careers

VIDEO: 2017 Appraisal Institute President’s Message

January 9, 2017 by Appraisal Institute Staff

JAAppraisal Institute 2017 President Jim Amorin, MAI, SRA, AI-GRS, outlines the organization’s plans for advancing the valuation profession in AI’s latest video.

In the next year, the Appraisal Institute will continue to implement its three-year strategic plan, which sets the parameters for the organization’s key decisions and outlines five core values: Distinctiveness, Innovation, Professional Responsibility, Advocacy and Leadership.

[Read more…]

Filed Under: 2017 President's Messages, Appraisal Institute, appraisal regulation, Appraisers

Latest Posts

  • Online Registration Closes Soon for 2022 Annual Conference June 24, 2022
  • Annual Conference Registration Now Open May 27, 2022
  • Keynote Speaker Announced for 2022 Annual Conference April 29, 2022
  • A Look Inside AI Education: Desktop Appraisals (Bifurcated, Hybrid) and Evaluations Seminar Preview April 21, 2022
  • PAVE Action Plan Released, AI Provided Input March 25, 2022
  • 4 Innovative Commercial Building Features That Could Prove Difficult to Appraise March 15, 2022
  • Share Your Expertise at this Year’s Appraisal Institute Annual Conference February 25, 2022
  • Technology Can Aid, Not Replace, Appraisers February 17, 2022
  • Fair Housing Report on TAF Released, PAVE Report Expected Next January 28, 2022
  • Looking Ahead with AI President, Immediate Past President January 19, 2022

Posts by topic

  • 2014 Presidents message (5)
  • 2015 President's Messages (12)
  • 2016 President's Messages (8)
  • 2017 President's Messages (13)
  • 2018 Annual Conference (5)
  • 2018 Appraisal Institute President's Messages (3)
  • 2018 President's Messages (9)
  • 2019 Annual Conference (8)
  • 2019 President's Messages (12)
  • 2020 Appraisal Institute President's Messages (8)
  • 2020 President's Messages (5)
  • 2021 President's Message (8)
  • AI Connect (5)
  • AMS (2)
  • appraisal bias (1)
  • appraisal careers (17)
  • Appraisal Insstitute designatons (2)
  • Appraisal Institute (220)
  • Appraisal Institute Annual Meeting (8)
  • Appraisal Institute Annual Meeting (4)
  • Appraisal Institute blog (10)
  • Appraisal Institute Body of Knowledge (3)
  • Appraisal Institute chapters (1)
  • Appraisal Institute designation (5)
  • Appraisal Institute Designations (8)
  • Appraisal Institute Education (2)
  • Appraisal Institute Green Addendum (2)
  • Appraisal Institute media coverage (6)
  • Appraisal Institute volunteer opportunities (3)
  • appraisal legislation (4)
  • appraisal myths (3)
  • appraisal regulation (8)
  • appraisal threshold (5)
  • appraisal thresholds (4)
  • appraisal waivers (1)
  • appraiser diversity (1)
  • appraiser trainee (1)
  • Appraisers (9)
  • Arbitration (2)
  • arbitrator (1)
  • association management system (1)
  • automated valuation models (1)
  • AVM (1)
  • Bifurcated (1)
  • Bifurcated Appraisal (2)
  • big-box properties (1)
  • Call for proposals (1)
  • Candidate for Designation (3)
  • Candidate for Designation (3)
  • challenging appraisals (1)
  • co-op appraisals (1)
  • condo appraisals (1)
  • conservation easement appraisals (1)
  • conservation easements (1)
  • consumer appraisal information (11)
  • coronavirus appraisals (1)
  • designations (3)
  • desktop appraisals (2)
  • Diminution valuation (1)
  • exterior appraisals (1)
  • FHA appraisals (1)
  • FHA Handbook 4000.1 (1)
  • green valuation (9)
  • HERS Index (1)
  • HERS rating (1)
  • Highest and best use (2)
  • home appraisals (7)
  • home inspections (3)
  • Home Renovations (2)
  • Home Winterization Tips (2)
  • Hybrid Appraisal (1)
  • International outreach (1)
  • International Valuation Conference (5)
  • landscaping and appraisal (2)
  • landscaping and property values (2)
  • Main (10)
  • market analysis (3)
  • multifamily appraisals (1)
  • office building appraisals (1)
  • office property appraisals (1)
  • oil spills (1)
  • overhead transmission lines (1)
  • property tax appeals (3)
  • PUD appraisals (1)
  • relocation (1)
  • Residential Appraisal (1)
  • residential appraisals (8)
  • residential appraisers (4)
  • RMAT (1)
  • rural property (3)
  • social media for appraisers (2)
  • solar (1)
  • SRA designation (1)
  • TAF (1)
  • taxes (1)
  • technology and valuation (2)
  • testimony (2)
  • The Appraisal Foundation (1)
  • The Appraisal Institute (104)
    • 2022 Presidents Messages (3)
    • Appraisal Institute Review Designations (1)
  • The Appraisal Journal (2)
  • timeshare appraisals (1)
  • transportation (1)
  • Trial preparation (1)
  • USPAP (2)
  • valuation careers (10)
  • volunteer (1)
  • Volunteers of Distinction (8)

RSS AI News

  • New Appraisal Institute Book Explores Solutions to Complex Land Valuation Issues May 24, 2022
  • Appraisal Institute Reinstated as Sponsor of The Appraisal Foundation March 31, 2022
  • Get Ahead of Important Home Renovation Projects in 2022, Appraisal Institute Says February 18, 2022

RSS Industry News

  • Inflation Causing Global Drop in Property Values: Report June 22, 2022
  • ‘Little Evidence’ Housing Bubble is About to Burst: Moody’s June 22, 2022
  • Commercial Real Estate Investment During First Quarter Sets Record, JLL Reports    June 22, 2022

Follow us

icon_youtubeicon_linkedinicon_twittericon_rssicon_facebook

About this blog

Opinions of Value provides the appraiser perspective on developments in the valuation profession, insight on legislative and regulatory issues and outlook on industry trends.
Terms of Use | Disclaimer | Guest Blogger Guidelines

Dotcomm Award

Copyright © 2022 · Genesis Child on Genesis Framework · WordPress · Log in