New faces are needed as the real estate valuation profession experiences a decline in appraisers. As of Dec. 31, 2018, the number of active real estate appraisers in the U.S. stood at 78,015, a decrease of 5% from 2017.[Read more…]
The Appraisal Institute is devoted to helping appraisers reach their highest potential and making sure they have all the knowledge needed to work in the valuation profession, according to the latest video from the organization. In the video, Tonia Vailas, MAI, AI-GRS, and Michael V. Tankersley, MAI, SRA, AI-GRS, AI-RRS, share their experiences working with trainees.[Read more…]
Four Appraisal Institute Designated Members shares why they think others should consider pursuing a designation in AI’s latest video.[Read more…]
Homebuyers 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…]
Opportunities 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…]
In the Appraisal Institute’s latest video, two Designated Members describe the most interesting challenges they’ve faced as an appraiser.
Appraisal 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…]
By Michael V. Tankersley, MAI, SRA, AI-RRS
My appraisal practice started in a small town in southern middle Tennessee. Like many people from small towns in rural America, I dreamed of doing big things. From an appraisal perspective, that meant complex assignments that were interesting and challenging. So I appraised local properties and looked forward to the day I could expand my practice into the Nashville metropolitan area.
A few years went by, and I pursued the SRA and the MAI designations because I saw that I needed stronger skills to compete in the Nashville metro market. As my career progressed, I realized that I had been missing a big opportunity. The greatest opportunity for growth was not in the highly competitive metropolitan areas, but in the rural markets where I was already located.