Why You Should Care about Appraiser Qualifications Significant Changes Proposed By George Hatch The proposed revisions to the Real Property Appraiser Qualification Criteria include significant increases in minimum education requirements and appraiser trainee supervision requirements. Some of these revisions will have long-term implications on appraisal businesses if enacted. For this reason, even established appraisers should...…
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Many appraisers are spending their time worrying about how and when AVMs will replace their services but few actually understand how AVMs are being used today. I hope this article will debunk some commonly held beliefs and shed light on how AVMs are being used today. It will also take you inside the review…
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Three quarters of the way through the year, some appraisers are still unsure about how to deal with the change in reporting requirements that took effect January 1, 2003 (USPAP 2003). Some appraisers are going back three years on the subject and on the comparables; some on the subject only. What’s required? What’s prudent?
In…
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Finding Your Way with GPS By Doug Adomatis Why use a global positioning system (GPS) in your business? There are some very good reasons, according to appraiser Sandra Adomatis. “Realtors have been known to put their sign on the wrong property and some have even sold the wrong parcel. In Charlotte County (Fla.), there is…
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10 Step Business Tune Up By Doug Smith, IFAS Use this ten step program to reach your business and personal potential. It isn’t about finding new clients as much as is about fine-tuning your current business to maximize your potential and be all you can be. Do a reverse business plan. Knowing what you know...…
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Preparing for Success By C. W. Wilson, GAA/RAA The following quote is enough to make any appraiser reach for the sleeping pills. “The appraisal profession may be dying…Loss of present appraisal markets to other professionals and the demand for non-appraisal analysis which will be provided by firms outside the appraisal industry will limit the appraiser’s...…
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Protecting Your Digital Signature By Sean Heath Something occurred to me as I was going through my mail. No one is rushing out to forge my TV Guide renewal form or my letters to Mom. We don’t hear of anyone forging junk-mail removal requests or party invitations either. Obviously, these types of documents are trivial...…
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In the wake of the GAO study, stake holders, including several appraisal organizations, have submitted comments to Congress. A joint letter from American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, Appraisal Institute and National Association of Realtors writes: “With a patchwork of state laws and ineffective federal oversight allowing for only…
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Appraisers: Doing the Bump “Bump Logic” and Why It’s in Your Future This is why you may be doing the “bump” in the near future, even if you don’t dance. “Bump Logic,” as explained at the recent Predictive Methods Conference (hosted by Veros Software), is the process of selecting the appropriate valuation method for a...…
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Editor’s Note: In this visionary piece, David Biggers introduces you to the future of appraising. Internet: Highest and Best Use By David Biggers When it comes to technology, the appraisal industry has gone through two major upheavals over the past 20 years and is in the process of a third. The first two shifts substantially...…
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