Monday , 11 November 2019

Features

Tips for Appraiser Trainees

The main hurdle to becoming a Real Estate Appraiser is finding an apprenticeship with a qualified mentor. The belief is that entry is dependent on who you know. Although this can be true, many trainees gain an apprenticeship without any prior relationship to a mentor. In full disclosure, my mentor is my spouse. Although I easily obtained an apprenticeship, my …

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Valuation Innovation: Preparing Yourself for the Future

Modernization of real estate valuations has become the topic of interest for most appraisers. Technology in this profession is constantly evolving with Artificial Intelligence, Bifurcation, Hybrid Appraisals, and much more. We sat down with Julie Jones, SVP of Valuation Transformation and Engagement at Class Valuation, and Gabe Knox, VP of Strategic Partnerships at InsideMaps. We discussed their upcoming free webinar, …

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Fun with Fannie, Freddie, and Friends

Our Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, have offices located “just across the river” from each other. The Potomac may be getting wider. The GSEs have been effectively owned by the public since the “great recession,” where public dollars bailed out these institutions. Will this change soon? We have changes: In regulation, forms, ownership, and business models. …

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Superstition in Real Estate

Would you buy a home if the street address was 666? How about 13? Which is better—an address with 4’s or 8’s? While many people don’t consider themselves superstitious, 10% of Americans suffer from “triskaidekaphobia,” or fear of the number 13. Even more dramatic, the Stress Management Center and Phobia Institute of North Carolina claims that the US economy loses …

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Assembly Bill 5 (AB-5) Effective January 1st, 2020

Assembly Bill 5 (AB-5), signed by California Governor Gavin Newsom, will become effective on January 1st, 2020. This new “Gig worker” law is aimed to limit the classification of workers as independent contractors by businesses, rather than employees. According to Allterra Group’s recent 2-minute survey, half of respondents have their business organized as single owner or sole proprietorship. The way …

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8th Annual AEI-CRN Housing Conference Recap

Last week, the American Enterprise Institute (AEI) and the Collateral Risk Network (CRN) held its eighth annual housing conference, which brought together 175 academics, regulators, business leaders, analysts, and industry professionals for a two-day event. Hundreds more viewed via live-streaming. After welcoming remarks, the conference began with a panel on AEI’s comprehensive set of housing market indicators. During his presentation, …

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What to Expect When You Go to Court

You, the appraiser, could be cross-examined in the future. Here is what to expect when you go to court as the expert. To begin, it will not be an easy or pleasant experience. An appraiser must personally verify the information and personally inspect and photograph every comparable. Although real estate reporting services are helpful, an appraiser should not rely on …

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What You Should Know About The Inverted Yield Curve

In May of this year, the yield on three-month U.S. Treasury securities fell below that of the Treasury’s ten-year note; This yield has remained lower than the ten-year note, with the exception of a few days. In early September, it seemed as if the yield on two-year Treasury securities was also dipping below the long-term rate. Many analysts have taken …

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