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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

VIDEO: How Appraisal Institute Designations Can Enhance Career Opportunities

December 18, 2015 by Appraisal Institute Staff

In the Appraisal Institute’s latest video, three Designated members discuss how receiving their AI designations have helped advance their careers by giving them access to networking, education and the advantage of being seen as experts in their fields.

The video includes interviews with:

  • Ivette Collins, MAI;
  • Allen W. Gardiner, MAI, SRA; and
  • Nicholas Pilz, MAI, SRA, AI-RRS.

Watch the video to learn more, and tell us how your Appraisal Institute designation has helped your career.

Filed Under: Appraisal Institute blog, The Appraisal Institute

Video: Appraisal Institute Supports Appraiser Success

December 14, 2015 by Appraisal Institute Staff

For more than 80 years, the Appraisal Institute has been dedicated to upholding the highest standards in the valuation profession. Its nearly 21,000 professionals in almost 60 countries around the world are committed to excellence. They rely on AI to provide them with the tools that position them for success. AI is a global leader in appraisal education, as well as the world’s largest publisher of appraisal literature and a powerful legislative voice for appraisers and the valuation profession.

The Appraisal Institute provides the support to help appraisers move the valuation profession forward and:

  • Bring value to clients;
  • Explore new opportunities;
  • Overcome obstacles;
  • Become visionaries and
  • Commit to excellence.

Watch the video to learn more about how the Appraisal Institute contributes to the success of appraisers and the valuation profession.

Filed Under: Appraisal Institute blog, The Appraisal Institute

AI Provides Tools for Professional Growth, Success

December 2, 2015 by Appraisal Institute Staff

laptopWith an Appraisal Institute designation behind their names, valuation professionals know they are likely to be recognized immediately for their knowledge, experience and integrity. But besides bestowing designations on qualified professionals, the Appraisal Institute provides tools and resources that can help appraisers take their businesses to the next level. Many of these resources are available to AI professionals at discounted rates or free of charge.

In addition to pursuing a designation, here are some of the benefits of being an AI professional:

[Read more…]

Filed Under: Appraisal Institute blog, The Appraisal Institute

5 Tips to Help Ensure a Credible Appraisal

November 6, 2015 by Appraisal Institute Staff

comparablesThe appraisal process can mystify homeowners. They may not understand why an expensive renovation added so little to the value of their home, or why the house across the street has a higher asking price. That feeling can be minimized when consumers realize there are actions they can take to help during the appraisal process. Here are four tips to share with homeowners that can lead to a credible opinion of value:

  [Read more…]

Filed Under: Appraisal Institute blog Tagged With: appraisals, appraiser, homeowners

5 Tips to Elevate A Company’s Social Media Outreach

August 20, 2015 by Appraisal Institute Staff

Appraisers, like those in many other professions, have learned that social media is now a must-have for conducting business. Facebook, Twitter, LinkedIn and other platforms offer valuation professionals the opportunity to engage their target audiences, brand their companies and potentially develop reputations as experts.

laptopBeyond basic posting and linking, there are many ways social media can help increase the effectiveness of an organization’s online presence. Here are five simple ways appraisers can enhance their social media sites:

[Read more…]

Filed Under: Appraisal Institute blog, The Appraisal Institute Tagged With: Appraisers, Facebook, Hootsuite, social media, Twitter

Tips for Success in ‘Green’ Valuation

August 6, 2015 by Appraisal Institute Staff

The future for residential and commercial properties shows that all lights are “green” for energy-efficient valuation. As green and energy-efficient buildings become increasingly mainstream, appraisers who are regarded as knowledgeable and experienced in this area of practice Green_Valuation_1may find new opportunities for assignments.

The majority of construction firms of single-family homes responding to a McGraw-Hill Construction survey reported that more than 15 percent of their projects are green, with that number expected to rise to 84 percent by 2018. Green also is growing in commercial construction with 40 to 48 percent of nonresidential construction being classified in that category.

The Appraisal Institute is providing the tools appraisers need to hone their skills, to be recognized as leaders in green valuation and to provide clients with the most current information available.

[Read more…]

Filed Under: Appraisal Institute, Appraisal Institute blog, green valuation Tagged With: energy-efficient properties, green valuation

AI Responds to Appraisal Foundation Letter

June 26, 2015 by Appraisal Institute Staff

ai-blog-presidents-header-2015

June 26, 2015

Dear Appraisal Institute Colleague:

If you haven’t had the opportunity to see the Appraisal Institute’s response to The Appraisal Foundation’s “Legislative Alert,” I encourage you to read it.

AI Addresses The Appraisal Foundation’s Letter on Federal Regulations

Earlier this month, you may have received or at least heard of a letter from The Appraisal Foundation titled “Legislative Alert.” This letter contained inaccurate and incomplete information.

The Appraisal Institute has maintained a full-time staff and office in Washington, D.C., for decades. With the guidance and direction of the Board and the Government Relations Committee, AI consistently protects the interests of not just AI professionals, but all valuation professionals, at the state and federal government levels.

Read more about AI’s efforts. [Read more…]

Filed Under: 2015 President's Messages, AI Connect, Appraisal Institute, Appraisal Institute Annual Meeting, Appraisal Institute blog

Appraisal Institute Presents Six National Awards

August 6, 2012 by Appraisal Institute Staff

Two members received the Lifetime Achievement Award and four others received the President’s Award during the Appraisal Institute Annual Meeting Aug. 3 in Coronado, Calif.

Jay M. Massey, MAI, SRA, of Dallas and F. Gregory Opelka, MAI, SREA, SRPA, SRA, of Glenview, Ill., received the Lifetime Achievement Award. President’s Award recipients were Jim Amorin, MAI, SRA, of Austin, Texas; Leslie P. Sellers, MAI, SRA, of Clinton, Tenn.; John P. Wintrol, Esq. of Washington, D.C., and the Appraisal Institute staff.

The Lifetime Achievement Award is presented to an Appraisal Institute member who demonstrates high ethical standards; has volunteered several years of service and has contributed to the Appraisal Institute on the international, national, regional and/or chapter level; has served his or her community; and has contributed to the appraisal profession for at least 20 years. [Read more…]

Filed Under: Appraisal Institute, Appraisal Institute Annual Meeting, Appraisal Institute blog Tagged With: Appraisal Institute Annual Meeting

Appraisal Institute Launches YouTube Channel

April 2, 2012 by Appraisal Institute Staff

Be sure to check out the Appraisal Institute’s new YouTube channel that launched April 2. YouTube is AI’s latest entry into the social media space, joining the organization’s Facebook, Twitter and LinkedIn sites, along with the “Opinions of Value” blog.

Click here to view the Appraisal Institute’s first YouTube video featuring AI President Sara W. Stephens, MAI, discussing the 2012 Annual Meeting in San Diego.

The creation of the YouTube channel allows AI to continue to interact with its key audiences and to become part of a very active social media platform. Sixty hours of video are uploaded to YouTube every minute, and more than 4 billion videos are viewed each day. More than 800 million unique users visit YouTube each month, and 100 million people take a social action on YouTube (such as likes, shares and comments) every week.

Be sure to visit often to view Appraisal Institute videos on topics of interest to members, consumers and anyone connected to the real estate valuation profession.

If you have an “opinion of value,” please share your comments.

Filed Under: 2014 Presidents message, 2015 President's Messages, AI Connect, Appraisal Institute, Appraisal Institute Annual Meeting, Appraisal Institute Annual Meeting, Appraisal Institute blog, appraisal myths, appraisal regulation, appraisal threshold Tagged With: Appraisal Institute, Appraisal Institute Annual Meeting, YouTube

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