Thursday , 14 January 2021

Features

Invest in technology and do more with less

appraisal technology

I have a memory of a time when a commercial appraiser could travel to a job, meet with various people, look at the property, conduct market research, prepare analyses, reach an appropriate value and write a report for a handsome fee. Those days are long gone. Time spent in the field is much more compressed and while technology has eased …

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Analyzing and Reporting Market Trends in Residential Appraisals

Market Trends

One of the first things we are taught when learning real estate appraisal is the age-old adage, Location, Location, Location. What should also immediately follow that statement is that real estate markets are dynamic, seldom static and almost always in transition, with property values either increasing or decreasing. Numerous lenders are reporting that appraisers are identifying increasing prices and supply …

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Appraisal Institute Addresses Residential Appraisers’ Issues

Appraisal Issues

As the global real property valuation profession’s leading professional association, the Appraisal Institute has created a special project team – the Residential Appraisal Project Team – that is dealing with residential appraisal-related issues. AI President Jim Amorin, MAI, SRA, AI-GRS, has directed RAPT to enhance the value proposition of the Appraisal Institute’s SRA designation to the residential appraiser. AI formed …

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Article Correction – When You Get Notice of a State Complaint…

I provided an incorrect statistic in my past article “When You Get Notice of a State Complaint.” I said that, “In one particular busy year in Texas, roughly one in six residential appraisers were filed against with the Texas Appraiser Licensing and Certification Board.” This statistic was incorrect. Most complaints in that year were for residential appraisers, even if the …

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Paradise Lost

The anniversary date for the Home Valuation Code of Conduct (effective date May 1, 2009), came and went with no notice. No fanfare. No parade. I don’t think I am alone in wondering if we aren’t already working towards HVCC, Part Deux. I, in fact, know I am not alone. The results of our recent Appraisal Buzz poll on Appraisal …

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Appraiser Independence Requirements Survey Results

Appraisal Independence Requirements

Last month, the Appraisal Buzz Newsletter conducted a short survey to its readers regarding Appraiser Independence Requirements (AIR). AIR was developed by Fannie Mae, the Federal Housing Finance Agency, Freddie Mac, and key industry participants to replace the Home Valuation Code of Conduct (HVCC). The purpose was to continue to provide important protections for mortgage investors, home buyers, and the …

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ASA and NAIFA Move Forward with Merger Consideration

Independent Fee Appraiser

The American Society of Appraisers (ASA), and the National Association of Independent Fee Appraisers (NAIFA), have announced that they will move forward with a Memorandum of Understanding leading to a merger. The merger will create one of the largest networks of U.S. professional real estate appraisers. The Buzz staff reached out to Jim Hirt, Chief Executive Officer of ASA, to …

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