Features

Scope Creep – Something About A Forest & Trees

What lax standards caused, unreasonable standards will not cure. I originally published an article on Scope Creep in 2011. Unfortunately not much has changed five years later. An appraisal report is now X number of pages, takes twice as long to complete and for fees that are the same quoted a decade ago. This is not a sustainable model. I …

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Managing Risk

Professional or General Liability Insurance:  What’s the difference? In simplest terms, general liability insurance covers claims for bodily injury or property damage for which you are legally liable.  Professional liability covers claims for economic loss caused by errors or omissions in carrying out your professional duties.  You might think of it as physical damages as opposed to financial damages. While …

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Modernizing Appraisals and the Future of the Industry

The Subcommittee on Housing and Insurance held a hearing on November 16, 2016 to solicit recommendations for improvements to the current appraisal process. Testimony was giving on the current appraisal oversight and suggestions were provided on what can be done for the future of the appraisal industry. Those invited to speak included, James Park, Executive Director, Appraisal Subcommittee, David Bunton, …

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What happened in Vegas…

We are just getting back and recovering from Valuation Expo in Las Vegas, NV. A combination of time changes and long days lasting into long nights makes for one heck of an Expo! It’s been over two years since our last run in Las Vegas, and our attendance was great hitting 560 registered attendees. During the conference our continuing education …

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Big Data was Wrong, Bigly Wrong

I hope everyone reads this as a cautionary tale. The polls, all of the them, in the presidential election were wrong, bigly wrong. All of the models were wrong as well. You know… those sophisticated statistical models created by quants. Most of the journalists were wrong and failed to report in an unbiased manner. I think appraisers understand, like no …

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Breaking News: What will a Trump Presidency mean for the Appraisal Industry?

In a stunning upset Donald Trump beat Hillary Clinton to become this Nation’s 45th president. Regardless of whether you are happy or upset about this news, it is time to figure out what this means for the Appraisal Industry. With control of both houses as well as the presidency, republicans will most likely be able to make some changes to …

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Preparing for the future

George Opelka, Senior Vice President of Sales and Marketing for ACI, a First American Company, was announced as the Valuation Visionary 2016. This award was established by the Collateral Risk Network in 2011, and nominates the person who exemplifies integrity, dedication and exemplary service to the collateral valuation profession. The Buzz staff reached out to George for his take on …

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What will happen after the Presidential Election?

Valuation Expo takes place right after the Presidential Election. Be a part of the most important appraisal expo conference for valuation professionals to hear what direction the industry will go. Beginning on November 10th, attendees will have access to the ACI Sky Lab, a day long workshop dedicated to learning more about ACI products. The trade show opening reception begins …

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