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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

AI Body of Knowledge Provides Cutting-edge Information to Appraisers, Others

July 2, 2020 by Appraisal Institute Staff

The Appraisal Institute takes pride in its extensive body of knowledge. AI is the leading publisher of valuation literature; including topical webinars, periodicals, educational materials and more than 70 print and digital books. The variety of information that the Appraisal Institute provides reflects the depth and breadth of valuation practice and the organization’s commitment to lifelong learning and professionalism.

[Read more…]

Filed Under: Appraisal Institute, Appraisal Institute Body of Knowledge

Appraisal Institute Media Coverage Seen by Nearly 1 Billion

August 1, 2019 by Appraisal Institute Staff

StillAs the nation’s largest professional association of real estate appraisers, the Appraisal Institute works to represent the valuation profession in media coverage across the country. From January-June 2019, the Appraisal Institute and its professionals were included in more than 1,200 stories in 430 unique media outlets, with a potential audience of nearly 1 billion and a publicity value of more than $1.2 million. [Read more…]

Filed Under: Appraisal Institute, Appraisal Institute media coverage

AI Publications Offer Newsworthy Valuation Information

February 26, 2019 by Appraisal Institute Staff

The Appraisal Institute’s newest video highlights the organization’s five top-notch news publications.AI Publications Blog

Valuation, The Appraisal Journal, Appraiser News Online, Residential Update and Washington Report and State News are resources that appraisers can use to stay updated on the latest information that impacts the valuation profession.

[Read more…]

Filed Under: Appraisal Institute, The Appraisal Journal

Appraisal Institute Media Coverage Seen by Nearly 2 Billion

February 8, 2019 by Appraisal Institute Staff

UntitledThe Appraisal Institute continues to represent the valuation profession in media coverage across the country, reaching an audience of nearly 2 billion in the last six months of 2018. The Appraisal Institute and its Designated Members were included in nearly 2,000 news stories in almost 550 news outlets between July and December 2018, garnering a publicity value of more than $1.1 million. [Read more…]

Filed Under: appraisal careers, Appraisal Institute, Appraisal Institute media coverage

Appraisers Unite Against Increased Threshold Proposal

January 29, 2019 by Appraisal Institute Staff

Single Family Residential BlogThey’re at it again. But this time you can help stop them – if you act by Feb. 5.

The federal bank regulatory agencies have proposed to increase the residential appraisal threshold level from $250,000 to $400,000, exempting nearly three quarters of residential real estate related financial transactions from appraisal requirements. [Read more…]

Filed Under: Appraisal Institute, appraisal legislation, appraisal regulation, appraisal threshold, appraisal thresholds

Appraisal Institute President Outlines 2019 Goals

January 23, 2019 by Appraisal Institute Staff

still2019 Appraisal Institute President Stephen Wagner, MAI, SRA, AI-GRS, outlines the Appraisal Institute’s priorities for the year in the organization’s latest video.

As the Appraisal Institute continues to serve as the global valuation profession’s thought leader, the organization remains at the forefront of the most pressing issues facing appraisers today. [Read more…]

Filed Under: Appraisal Institute, residential appraisals, The Appraisal Institute

Register Now for the 2018 Appraisal Institute Annual Conference

March 29, 2018 by Appraisal Institute Staff

stillRegistration is now open for the 2018 Appraisal Institute Annual Conference, July 30 – Aug. 1, in Nashville, Tennessee!

In the Appraisal Institute’s latest video, 2018 President James L. Murrett, MAI, SRA, shares the exciting opportunities attendees of this year’s conference will have to learn, network and experience all Nashville has to offer, while staying in the brand new JW Marriott! [Read more…]

Filed Under: 2018 Annual Conference, Appraisal Institute

2018 Appraisal Institute President’s Message

January 11, 2018 by Appraisal Institute Staff

Murrett StillThe Appraisal Institute’s latest video features 2018 President James L. Murrett, MAI, SRA, outlining the organization’s top priorities for the year.

AI serves as the global valuation profession’s thought leader and will seek to advance the profession in four ways:

[Read more…]

Filed Under: Appraisal Institute, residential appraisals

VIDEO: Advice to Potential Appraisal Institute Designees

July 21, 2017 by Appraisal Institute Staff

UntitledThree Appraisal Institute Designated Members share their advice for valuation professionals who are considering pursuing an AI designation.

Michelle A. Alexander, MAI; Kenneth M. Konrath, MAI;  and Don R. “Randy” Scheidt, MAI, SRPA, SRA, share the benefits they’ve received and encourage others to dedicate the time and effort to obtaining the prestigious AI designations. [Read more…]

Filed Under: Appraisal Insstitute designatons, Appraisal Institute, Appraisal Institute designation, Appraisal Institute Designations

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